Wave Principle Is Moving — Here’s Where to Find All Future Updates

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9/11/2024 - EOD Update

We must Never Forget the lives we have lost in NY, Pentagon, and Flight 93 in PA. 

Apologies for not providing recent updates. I have cleaned up the chart to highlight the best count at the moment. The previous bull counts were invalidated. 

I think this is a decent interpretation if the move off the July high has been one large corrective consolidation pattern. Wave (C) ends as an expanding diagonal. If the sub-wave count is correct, wave (5) for (C) should be expected. 

The next best alternate is a triangle consolidation pattern. I don't have the trendlines drawn in but I think you can figure this out using the rising green trendline as the bottom of the triangle. 

I do see another possible count for wave (C) that would be more bearish. This count has this expanding diagonal only as wave 1 of (C), with a larger five wave impulse down breaking below wave (A). I won't go there yet unless the wave (A) low is taken out. Just putting that on the radar in the event the market flushes after the Fed pivots. 

8/21/2024 EOD Update

Just returned from holiday. 

Since my last post, I mentioned that the alternate count gained strength and in fact to the point where I have removed the blue primary. The red count is now the primary. 

At this point, we shall see if NQ challenges the July 2024 high. 

8/8/2024 - EOD Update

 After dropping as expected yesterday, the market staged a bounce that provided additional strength to the red Alt count. 

Primary is that wave 2 of (3) is complete or near completion. If wave 2 intends to retrace wave 1 by 62%, it would target 18,800. 

Alternate is wave 3 Alt aiming for the 19,000 level where it would equal wave 1 Alt.