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Friday, September 19, 2014

Elliott Wave Update ~ 19 September 2014

Sorry for no update last night. Stockcharts lost their intra-day data after the marekt close and it was too late for me to post by the time it was resolved.

The Wilshire 5000 made a new closing high.  A possible squiggle count could be and ending diagaonal. At any rate its messy overlap. Perhaps today was wave [4] low and another zigzag to higher highs early next week per the alt count.
SPX weekly: RSI negative divergence.
SPX 1 hour. Its a messy squiggle for the last few days. Perhaps one more pop up early next week.

Wednesday, September 17, 2014

Elliott Wave Update ~ 17 September 2014

Technically the market is ripe for a huge decline. Divergences all over the place. Weakness in the advance/decline line. But most importantly, the wave structure is very ripe.


SPX count:

Wilshire could be a leading diagonal or in the same count as the SPX.
Arguably the dollar is trying and perhaps succeeding to break long-term resistance. Lets see if it can hold its elevated price.


Tuesday, September 16, 2014

Elliott Wave Update ~ 16 September 2014

We'll use the Wilshire5000 for the short term squiggle counts. I think it gives better clarity at this moment.

It is, in effect, the same overall count as the SPX. However the Wilshire gives us better starting and ending points. For instance today the Wilshire reached a lower low before bouncing while the SPX did not. That gives us a better location to mark the start of wave counts.

We have a couple of top squiggle options. Yesterday's post showed the SPX. Today we'll show the Wilshire in the same squiggle options.

Leading Diagonal count:
Or end of wave iv low and now wave v to new highs or an attempt at new highs?
The Wilshire 2 hour chart gives the larger perspective:


Monday, September 15, 2014

Elliott Wave Update ~ 15 September 2014

Some squiggle possibilities.

Friday, September 12, 2014

Elliott Wave Update ~ 12 September 2014

Leading diagonal triangle?
And the short term bullish potential of the squiggles takes the market to nominal new highs if today's low was wave iv.



Thursday, September 11, 2014

Elliott Wave Update ~ 11 September 2014

How about we label 1982 as a wave iv low and dare the market to go lower? 2014 projected top.

Wednesday, September 10, 2014

Elliott Wave Update ~ 10 September 2014

If today was wave iv of (v) of [v] then the target for v has been lowered to around 2014 SPX.