Update Saturday, Nov 7 A look at the SP500 on Saturday shows that we’re in a final fifth wave. I expect, when the market is good and ready, to see it head back up to the most recent high, test it and turn down. At the same time currencies are bottoming, so there are potentially great trades coming up there… Read more
Market Forecast Overview
Update before the bell, Nov 3, 2105 Overnight, the futures look to have completed wave 4 of this final wave so this opens up the opportunity to rise to a small new high to cap off this wave (wave 5 of 5 of 5). Cycle turn dates are today and tomorrow, Nov 3/4. It also could… Read more
Uupdate Friday morning, Oct 30 (before the bell) Futures acted much as I expected overnight. They completed what looks like a small 5th wave and then retreated and are sitting, waiting. The euro continued up and should get to the previous 4th at 1,1090 before turning down in a second wave. usdcad hardly budged but… Read more
… the Farther They’ll Fall Update, Tuesday, Oct 27: We seem to be waiting for the FOMC meeting and subsequent announcement (at noon on Wednesday). I suspect we’ll have similar action to the September 17 announcement. It should mark the top of this second wave. So far today, the SP500 has come down in 3 overlapping… Read more
The hunt for this elusive top continues! It might seem frustrating at times (I think so!) but the reward at the end will be worth the wait. I was not feeling comfortable with where we topped and, in fact, was surprised. We’d had a very shallow 4th wave and then a small top, which I… Read more
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
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
