Today, I’m going to drill down a bit “into the weeds” the get an idea of what might happen in the short term. Tonight just 4 charts with a little bit of commentary. The market could actually go either way, but what I think is shaping up starts the the NYSE index, which I find… Read more
Market Forecast Overview
Let’s look at the US markets, at a point that is nearing a final 300 year top. In fact, everything I see tells me the US indices topped in today’s session. (The charts below are all yesterday’s charts—May 19, 2015). As far as I’m concerned, all the major indices have reached their measured targets as… Read more
(April 27, 2015) The US indices continue to grind higher seemingly without end, but they’re getting weaker under the surface! More signs of a top are showing up. But let’s look at the Elliottwave count for the major US indices. We’ve been in this ending diagonal for a long time. Each of the indexes sports… Read more
The US indices continue to grind higher seemingly without end, but … wait! More signs of a top are showing up. Using Elliottwave technical analysis, I posted my prognosis for the coming sessions here on March 2, 2015. Sure enough, the next day we headed down and I added over 10% to the bottom line… Read more
Here are some charts that are signaling an impending market turn (posted as at Monday, March 2, 2015 (CST). Above is a 60 minute chart of the NQ (Nasdaq futures). The pattern is an ending diagonal and we’re in the fifth wave). I’m looking for a top at around 4488.00. We first have to come down… Read more
