Update Friday, April 15, Before the Open On a small term scale, I think we’re set up in a second wave this morning in SPX and other indices, which means more up. We only corrected a little bit. We appear to be in an ending pattern, but what is it is questionable in some of… Read more
Market Forecast Overview
Update Friday, April 8, approx. 3:00 PM EST Above if the 60 minute chart for ES as at the above time. This final wave up looks to be in the expected five waves. I’ve revised the count structure for ES to align with the SPX. You can see we’ve done a what looks like a… Read more
Update: Friday, April 1, 2:40PM EST Above is the 60 minute chart of ES showing the progression of the ending diagonal. We’re in the final wave. Ending diagonals typically have a throw-over (they exceed the top of the upper trendline) but don’t have any way of reliably identifying a final target. In this case, we… Read more
Update Thursday, March 24, 11am EST Above is the 10 minute chart of the SP500 updated through this morning. Comparing this chart to the one below, you can see that we’ve fallen out of the ending diagonal into a full fourth wave. This will be the final 4th wave, correcting the entire 5th wave up. I’ve… Read more
Update Friday, March 18, Before the Open We look like we’re completing a very small wave 5. I would be looking for a top this morning and by the looks of things, it may be within the first hour or two, if not immediately. Each of the waves in futures this morning are tiny and… Read more
Update Friday morning, March 11, Before the Open So here we are with a double top (what I’ve been whining about) in ES. This is the 60 min chart of ES (SPX futures). This now looks like a complete wave up to me, although I think we still need a fourth and fifth. It’s hard… Read more
The Road Ahead Above is a 3 day chart of the SP500 showing the road ahead. This would be the third wave of the first (of the third) down. You can can see the first and second wave marked. We’re beginning the third wave down. _____________________ Update Friday, March 4, 9 AM EST (before open)… Read more
Friday, during market hours – chart updates Here’s the 5 minute chart of the SP500 so you can see where we’re at. We’re in the final 5th wave of a motive wave up. 5 waves spell the end, but it’s not quite complete until we rally back up to this morning’s top. All the subwaves measure correctly… Read more
Update Friday, Feb 19 Last night confirmed for me the fact that we’re in a fourth wave (as opposed to a second wave. The list of reasons is overwhelming now. I will do a video this weekend a provide charts. Get ready for a drop of 300 points on Monday. The biggest, more recent one is… Read more
Update Thursday, Feb 11, After the Bell I’m trying to pass this exercise off as good therapy tonight (I’m not sure it is, but it helps me think through this mix of confusing signals). Here’s the 2 hour chart of the NYSE. (chart updated as at Feb 12, 11AM EST) I like to come back… Read more
