Wednesday, December 2, 2020

12/2/2020 - EOD Update

Sorry. Not much to add other than the market confirming the wave (2) flat. 


 

 



Thursday, October 29, 2020

10/29/2020 - EOD Update

Been a little side tracked. Not too much to add other than a little clean up on the counts. Since my post on 10/12/2020, I laid out two options and I wrote:

Either: 

1. Wave 1 of (3) of five will complete all five subwaves i-ii-iii-iv-v

2. wave b of (2) as a flat is near completion and will either reverse near the all-time high here. Keep in mind, there are only three waves up off the September low so far so very much still in play.

Since then a nearly 300 point decline has occurred and with that decline, the 1st option was taken off the table. Option 2 took the pole position so now we'll have to see what type of flat plays out or potentially some type of combo corrective to complete wave (2) of [5].


SPX - 60 Min



Tuesday, October 13, 2020

10/13/2020 - EOD Update

 Wave iv or -iv is tracing out. Would be a little quick if it is considered complete so will keep an eye out for some sideways chop here.


15 Min


Monday, October 12, 2020

10/12/2020 - EOD Update

 Wave iii kept extending. Very possible it completed on today's high with wave iv beginning with the pullback today. The alternate is that wave -iii is not quite complete yet.


15 Min

Getting close to the all time high. So we now have to keep an eye out for the two best options. 

Either: 

 1. Wave 1 of (3) of five will complete all five subwaves i-ii-iii-iv-v

2. wave b of (2) as a flat is near completion and will either reverse near the all-time high here. Keep in mind, there are only three waves up off the September low so far so very much still in play.

60 Min