Thursday, August 6, 2020

8/6/2020 - EOD Update

Not much to add. Looks like the wave is extending/was a little early on the count. Still looking for the end of wave i of 5 for (1) of [5].

Monthly MACD buy signal. Maybe it's gunning for the top of the expanding triangle trendline near 3500. I'd like to see it do it in five waves [(1)-(2)-(3)-(4)-(5)] though vs a straight shot.

Tuesday, August 4, 2020

8/4/2020 - EOD Update

So far the latest count looks decent. I see five teeny tiny waves up off that triangle. I have labeled it as wave i of 5.

Friday, July 31, 2020

7/31/2020 - EOD Update

All this chop and consolidation has made counting this a pain. The easiest thing for me was to just watch it and realize this was just trading in mini ranges as it stair-stepped higher.

I like this count below. So the question is are we wrapping up five waves for wave (1) of [5] or all of [5]. See the monthly below for bigger picture.

SPX - 60 Min

Here is the monthly below for the forest perspective

Thursday, July 16, 2020

7/16/2020- Monthly

Here's an update to my long term chart

SPX - Monthly