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
Market Forecast Overview
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
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
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
