Sunday, April 23, 2017

4/23/17 - Weekend Update

Looks like futures is responding positively to the French election and with that the SPX should finally pop out of it's triangle should this hold overnight.

SPX - Daily

Monday, April 17, 2017

4/17/17 - EOD Update

SPX still triangulating.

SPX - Daily

TSLA may be working on wave -iv.

TSLA - 60 Min 

Tuesday, April 11, 2017

4/11/17 - EOD Update

Been a little busy as of late. Looks like the SPX may still be triangulating for wave (iv) green. So overall the call is still higher once this resolves.

SPX - Daily

TSLA took the most bullish route since my last post on this (3/27/17).

Thursday, March 30, 2017

3/30/17 - EOD Update

The SPX reclaimed the 20 day SMA and the MACD is looking to turn up. This could be signaling the end of wave (iv) green. We'll see.

SPX - Daily

Monday, March 27, 2017

3/27/17 - EOD Update

It's possible the SPX completed wave iv today. Seeing some positive divergence on the hourly. Long on a trade for at least a bounce at the 50 day here.

SPX - Daily
 TSLA still has a pair of bearish options and one bullish option.
TSLA - 60 Min 

Monday, March 20, 2017

3/20/17 - EOD Update

Still a little early, but wave (iv) is starting to look like a triangle. 

Daily - SPX

Daily - SPX Close up
TSLA looks like it is working on it's wave iv. The green line below at 255 is the invalidation point. 

TSLA - 60 Min 

My previous BAC count has been adjusted with the completion of wave (3). The assumption is that wave (4) is underway.

BAC - Daily

Wednesday, March 15, 2017

3/15/17 - EOD Update

No change on the SPX other than the possibility that wave (iv) is complete. As mentioned yesterday, price has retraced enough but we will have to see if new highs can be made. Otherwise, leave room for more time for wave (iv).

SPX - Daily

BAC may be working on completing wave (3). If wave iv of (3) is complete, I am projecting wave v near 26.6x. That would make wave v *.618 wave i.  

BAC - 60 Min 

Daily shows negative divergence so leave room for the completion of wave (3). A break below 24.00 would confirm that (3) is complete and (4) is underway.
BAC - Daily

3/14/17 - EOD Update

Did not have a chance to post an update on the daily but safe to say wave (iv) has been in progress since the beginning of the month. Retrace has reached 38%, which is sufficient in price, but may need more time. We'll see tomorrow.

SPX - Daily
TSLA finally broke out in it's wave iii after forming a wave ii double bottom. Bulls need wave iii to take out 264.15 in order to rule out a bearish impulse wave down. The alternate bear counts are in blue and purple.

TSLA - 60 Min 

Monday, March 6, 2017

3/6/17 - EOD Update

Hmm. May have to reassess the wave (iii) target here. Looking out for signs signaling it's conclusion.

Daily - SPX
 TSLA still chopping out wave ii. Bulls need to clear 264.15 to confirm that the pullback is only a corrective wave, otherwise a potential H/S may be signaling a move back to 210ish. This would take the retrace just beyond the 62% level.

60 Min- TSLA

Sunday, March 5, 2017

3/5/17 - Weekend Post

Several individual stocks I am tracking are exhibiting clear Elliott Waves. Unfortunately I do not have the time to post them all but wanted to add BAC.

If wave v of 3 = i, then wave 3 will complete at  26.74.
BAC - Weekly

Wednesday, March 1, 2017

3/1/17 - EOD Update

The market continued to gap higher further confirming my suspicions earlier that a gap-n-go wave 3 was imminent. Wave iii green obviously was not complete. A possible target is near 2417 - 2427.

SPX - Daily

TSLA printed five tiny wave up in what I have labeled wave i red. I expect after wave ii completes, perhaps wave iii up takes out the wave a low at 264.15.

TSLA - 60 Min 

Tuesday, February 28, 2017

2/28/17 - EOD Update

TSLA continued to extend wave c down to 1.618*a near 245 and the 38.2% retracement level. It has attempted to bounce back over.

The target is clear above if the bulls want to void an impulsive count down from the most recent 287 high. That target is 264.15, which is the wave a low.

TSLA - 60 Min 
The SPX looks like it is biding it's time in a wave (iv) green.
SPX - Daily

Friday, February 24, 2017

2/24/17 - AM Update

TSLA is right on the mark so far with the wave count I have been tracking. Wave c has equaled wave a and more and is approaching the 1.618 extension at 245.

This pullback may be a lil quick in terms of time so will be looking out for a larger flat to develop over time. Of course, nothing is to stop it from retracing 50-62% either so we'll see.

TSLA - 60 Min

From the longer term daily perspective, clearly found resistance once again at the 287-290 mark with negative divergence.

TSLA - Daily
The SPX may have completed wave (iii) of 3 green or all of 3 green. The 20 day SMA is currently at 2315.

SPX - Daily

Tuesday, February 21, 2017

2/21/17 - EOD Update

Looks like the gap-n-go began today as I mentioned on Fri for the SPX. If this is truly the case, I see a potential wave 3 (green target) near 2415-2420. There is a Fib confluence there where wave iii blue = 1.618*wave i blue and wave 3 green = wave i green.

SPX - Daily
 TSLA continues to form the flat/zigzag. Earnings tomorrow. We'll see if it zigs and then zags.

TSLA - 60 Min 

Friday, February 17, 2017

2/17/17 - EOD Update

TSLA decided to extend a little higher to 1.618* wave (1) and then reversed course. So far I have wave a in place with today's bounce either wrapping up wave b or possible more to come with the bullish looking hourly MACD.

That would set up a possible flat and give us a range for consolidation between 287 - 260. We'll see what happens into earnings next week.

TSLA - 60 Min 
SPX continues to work on wave iii with an extension potential to 2414 where wave iii = 1.618* i. I haven't given much time to the micro count but wave iii in my daily looks like a set up for a gap and go type of move higher is in the works. I know folks would find it hard to believe that this market can continue to pop higher but just calling what I'm seeing.

SPX - Daily

Saturday, February 11, 2017

2/11/17 - TSLA and SPX Update

Looks like TSLA's wave (5) now = (1) at the level previously mentioned. The question now does it take a break here or head straight for the all-time high near 291?

The 260-270 level has been resistance several times in the past and what now looks like five completed waves would make me pause.

Some retrace levels should we see a small pullback.

TSLA - 60 Min 

TSLA - Weekly

My apologies. I have been lazy and did not re-label the daily SPX chart. It's certainly more bullish than the previous ending diagonal count. That was invalidated when wave iii extended longer than wave i. 

At this point, there is no reason for concern on this count unless 2193.81 is taken out when wave iv develops. 

SPX - Daily

Monday, February 6, 2017

2/6/17 - EOD Update

Looks like a combo corrective for (4) was the plan vs the triangle I was previously tracking. Wave (5) = (1) at 270.

The alternate is that a larger flat or larger triangle could be in play if TSLA needs to consolidate further with time.

TSLA - 60 Min 

SPX continues to wedge higher. Though it is the alternate on the chart, the nested 1-2 i-ii appears to be the better primary count (too lazy to relabel) so long as 2193.81 holds.

SPX - Daily

Friday, February 3, 2017

2/3/17 - TSLA Update

A very good potential for a triangle for wave (4). 

TSLA - 60 Min 

Friday, January 27, 2017

1/27/17 - AM Update - TSLA

TSLA looks like she's forming a falling wedge. Is it wave a of (4) or all of (4)? We'll see.

TSLA - 60 Min 

Wednesday, January 25, 2017

1/25/17 - EOD Update

Looks like the combo corrective was correct.

60 Min 

Monday, January 23, 2017

1/23/17 - SPX and TSLA EOD Update

Combo corrective in play?

60 Min 
Daily view. No change.

TSLA continues to extend.