Wednesday, December 28, 2016

TSLA - 12/28/16 EOD Update

Forgot to update the TSLA chart. Looks like the wave extended a lil.

TSLA - 60 Min 

12/28/16 - EOD Update

Are the bears staging a break down from the ending diagonal that I have been tracking for some time or are we just seeing tax loss harvesting into the year end? If the latter, I'd keep an eye on the green alternate count (wave 'or iv'), which implies a larger ED in the works.

We'll see what the new year brings.

Wednesday, December 21, 2016

12/21/16 - EOD Update; SPX and TSLA

Still not much to add with the SPX ED. If the purple one is in play, wave 5 has thrown-over. If the blue ED is in play, wave iii is nearing the upper trendline. Something to note is the fact that the subwaves for wave 5 or iii looks impulsive at the moment. Subwaves within EDs are three wave structures so this may imply a little dip first and then one more leg higher.

SPX - Daily
 I don't post counts on individual shares often, but I've been watching TSLA and the bounce off double bottom sure looks impulsive.
TSLA - 60 Min

Thursday, December 15, 2016

12/15/16 - EOD Update

The SPX finally hit the upper trendline of the ending diagonal and has since retreated slightly from that line. The question now is does this complete the ending diagonal or is it just the completion of wave iii of the alternate count, which implies a larger ED in the works.


Daily - Close Up

Friday, December 9, 2016

12/9/16 - EOD Update

Still climbing towards the upper trend line. Note the slight adjustment I made to the wave labels on the Daily for the ending diagonal. It lines up with the longer term Weekly chart.



Wednesday, December 7, 2016

12/7/16 - EOD Update

Not much to add. Just a reminder, wave (v) = .618*(i) at 2269 and equals (i) at 2285.