Update Oct 12, Late Night (Midnight, EST) Above is a 1 minute chart of the SP500 at the end of today’s session. I was concerned last night about the futures market and the look of the waves. They look much better this morning and I can now count 5 waves down in cash and futures. If it is… Read more
Market Forecast Overview
Cycles Update, End of Day, Friday, Oct 9 Above is a brand new cycles analysis showing a turn Oct 13/14 (measurement is quite accurate) and a bottom of a rather sheer wave down on December 7, 2015. The full moon is also an important date in the Puetz crash window. I’ll do a fuller update post… Read more
Update: Before the bell, Friday, Oct 2: Be careful this morning. I don’t like the look of the wave forming. It’s at 38% and may be forming a double top where it is. It has not progressed very much overnight. So, we could have a sudden turnover here, or just a correction of this latest… Read more
There are a couple of things that struck me over the past 24 hours or so. 1. The first thing is that John Hampson of Solarcycles.net took a good swing at the Elliott Wave Principle: “But the weakness of Elliott Waves is that on any chart at any time multiple different counts can be produced and… Read more
Update: Thursday, mid morning, Sept 24 Here’s the expected path for the second wave in ES. The second wave will go up in 3 waves. It’s the same ABC configuration across the indices. Often, these will be waves of equal length. The A wave typically retraces once it reaches the previous 4th wave, in this case… Read more
The “fourth wave kiss” has to do with the face that fourth waves always retrace 38% of the path of the wave pattern so far, or to the previous fourth wave (of the third wave coming down). Let’s take a look ahead of the Fed meeting to see the market’s handiwork to date and gauge… Read more
Update Wednesday, Sept 16, AM We have a very bearish looking triangle formed on all the indices. In the futures, it’s an upward sloping channel, which is also very bearish. Take a look at the SP500 above. All the indices look very much the same. It’s an odd-looking monster, but still a triangle. You’ll see… Read more
The prolonged wait is almost over. Wave 5 seems to have begun quite suddenly, except for the Nasdaq, which I’ll explain in the final chart. Most of the indices have completed wave 4. Wave 4 in a motive sequence of 5 waves is always the most complex pattern. There are 11 different configurations to choose from. I… Read more
Update: 12:30PM EST, Sept 9, 2105 Above is the SP500 as at the time and date at the top of the post. The C wave has extended and we’re expecting a flat. There are 11 different patterns that a fourth wave can trace out (the main reason I stay away from trading this wave) and… Read more
Update: End of day Friday, Sept 4, 2015 So many updates, but this has been such a fluid day! Triangles have been on again, off again. Well, they,re on again! Above is the SP500 after finishing today’s wave D down and already starting the bounce into wave E (over the weekend). The path is very… Read more
