The Calm Before a Storm While the market was frustrating last week, it seems to have become even more so this week. ES has now gone sideways for 8 full days in a set of waves that is very difficult to decipher. Friday was somewhat of a “fake-out” and while we did get a wave… Read more
Market Forecast Overview
Posts reflect the most recent forecast using a combination of cycles forecasting and the Elliott Wave Principle. Posted each Sunday (and sometimes more often).
All trades, patterns, charts, systems, etc., discussed in these articles are for illustrative and educational purposes only and not to be construed as specific advisory recommendations.
Futures, forex, equities, and option trading involves substantial risk, and may not be suitable for everyone. You can lose everything! Trading should only be done with true risk capital. Past performance either actual or hypothetical is not necessarily indicative of future performance.
A Revolution is Coming It was a frustrating week in the markets overall, but things are certainly starting to heat up this weekend! On Monday, after another fake-out vaccine news story, we dropped as expected into a correction. However, Tuesday morning, we’d only traced out the A wave. The rest of the week went sideways… Read more
The End Game – Waiting, Watching Friday was a day in which time seemed to stop. While I was expecting a turn to the downside in the morning, virtually everything on my board “hung” and barely moved all day long. The predictability of timing is the challenge of this market and reinforces the need to… Read more
A Contested Election Since we’re up against the November 3rd US election with a fifth and final wave up to go, it’s impossible to know when our top will materialize. I expect it’s before year end, but may depend on the announcement of the winner. Getting there may be a very rocky ride. Every index… Read more
7 Market Days Left to Struggle Up to the top under some duress. It took quite a long time to get turned around in futures with an outlook now to the upside. Friday finally gave me the wave structure to call a B wave bottom in place. This week saw ES and the SP500 with… Read more
History Repeating Corruption and Censorship are always prevalent at warm/dry climate highs like we have right now. We’re on the cusp of a turn down into colder weather. In fact, astrophysicists are expecting another mini ice age, like the Maunder minimum. Of course, I am, too. I’ve been predicting it for the past ten years… Read more
Corrective Surprises The takeaway from this past couple of weeks is that fact that the fifth wave up didn’t have a valid second wave in the usual, expected location. You can see this in the chart of IWM (the Russell 2000) that I’ve posted below. It was the same in the SP500 and in futures… Read more
Lots of Unexpected Volatility The past week was a brutal week in futures, with lots of reactions to news. On Thursday night an ending diagonal broke and gave us a wave down that we were expecting after a new high — a nasty surprise. This was the start of a bearish B wave. Friday was… Read more
Or a Double Bottom Ahead? My take at the moment, is that we’re only going to get a single bottom, and we that we haven’t seen the end of this fourth wave down yet. Relatively speaking, based upon the corrective wave structure up from March, this has been a notably long (in terms of time)… Read more
Looking for an Interim Low We’re sitting this weekend near the bottom of a large fourth wave with one more final high waiting in the wings before the expected large drop into the 2100 area in SPX. Mid-week, when I expect a low, will have been 14/15 days down from the top. That leaves us… Read more