Update Friday, Feb 5, Noon EST The Nasdaq “gave it away” this morning. Here’s the 30 minute chart of the Nasdaq. We are definitely in wave 4 of the first wave down. We should now turn up in an e wave, which is the last wave in a triangle, and a fifth wave down will… Read more
Market Forecast Overview
Update Wednesday, Jan 27 After the Bell: Here’s a 30 minute chart of the SP500 so we can look at what happened today after the FED announcement. The short story is that we have wave 1 of the third wave down in place. We have a corrective wave continuing to take shape. We’ve completed the… Read more
Update Friday, Jan 22, 2016 Above is the 15 minute chart of the SP500 as at about 3pm EST. You can see the abc corrective wave taking shape. We could see 1915 as the target as I see wave c up in possibly 5 waves. The ES chart is less clear, but we need to… Read more
Update (after the bell, Thursday, Jan 14) Above shows the dilemma we have as at the end of the day on Thursday. Above is a one hour chart of the SP500. I’m showing the “mess” as the top as a truncation of wave 2 up. Wave (5) on the chart is the truncation wave. If this is the… Read more
A Fourth Wave Triangle (Jan 7, 2016) Here’s a big picture look at what seems to be at play for the US equities. Based on current wave structure, it’s the only pattern that fits what Mr. Elliott’s waves are telling us. With this triangle, you’d expect waves in 3. The recent challenge has been the bearish nature… Read more
Year End Video – December 31, 2015 httpv://www.youtube.com/watch?v=YMf89Q1wLeM Make sure you zoom the video to full size with frame expander (arrows) in the bottom right hand corner and also set the quality to as high as your web connection allows. This is an HD quality video so the best viewing is at that level. _______________________________… Read more
Update Wednesday Noon, EST I’ve brought the triangle to the of the options (there aren’t many left). Above is the one hour chart of the SP500. I’ve updated the potential triangle from yesterday. It’s a guess at this point and will require another day (at least) to confirm. It’s relatively common to a have a… Read more
Update Dec 18 1PM EST My argument for a truncation This is the 3 minute chart of the SP500. (updated as at 1:30PM EST) Truncations are extremely rare but I’m leaning more to that possibility after looking at the cash indices today. It’s a major turn date and we have a very motive wave up… Read more
Update: Wednesday, Dec 9, 3:30PM EST Bottom line: We’re in the final pattern of this very large corrective flat that started on Aug 24. It’s a fourth wave triangle and today marked the bottom of the C wave. We have two more legs of the triangle left and then the final wave up to complete the… Read more
Update, Thursday, December 3, After the Bell Here’s a quick look at the SP500 (30 minute chart). You can see it’s tracing out a large fourth wave triangle. All the waves so far are in 3 and the remaining waves should be also. The final wave up may either go to the previous high or may go up… Read more
