Update Friday, May 27: Before the Open US futures have all done double tops (SPX did so yesterday) so we’re all lined up for the fourth wave drop. USDJPY at an inflection point. Watch for a big drop very soon. USDCAD and EURUSD continue on to their targets, as does Gold. ______________________ Update Thursday, May… Read more
Market Forecast Overview
Update Friday, May 20, 2PM, EST Above is the 3 minute chart of the SP500 showing my count so far. I’m still expecting a fifth wave to unfold if this count is correct. ___________________________ Update Friday, May 20, 10:30AM EST Above is the 5 minute chart of ES (emini futures of SPX) showing the wave… Read more
Update Friday, May 13, Noon EST Updated at 3:30 PM EST: Above is the 30 minute chart of the SP500. The triangle appears complete now in the SP500, but not in ES. In the SP500, the direction now is up to a new high—the target still 2116. It may take us a while to get there. The… Read more
Update Friday, May 6, ~ At the close Above is the 60 minute chart of ES showing what looks like an ending diagonal. If so, we’ll see one more wave down. The wave up today is in three waves, so it should come down. I’ve been able to count 5 waves in its C wave. Above is… Read more
Update: Friday April 29, 1PM, EST Above is the 60 minute chart of ES (SPX emini futures) showing the fourth wave triangle in progress. I will post a little study in the forum on the weekend so you can see how the blue circle area has resolved itself. If you’ve been following along, you know… Read more
Update Thursday, April 22, Before the Open Sometimes you just need to sleep on things to think through what could be happening … (chart updated ~12:30PM EST) Above is the 60 minute chart of ES (emini SPX futures). I’ve completely re-labelled this wave and I’ll tell you why. The circled area has always been the area of… Read more
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
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
