Tuesday, November 28, 2017

11/28/17 - EOD Update

Poking higher trying to complete either wave 5 or (iii).

SPX - Daily

Wednesday, November 1, 2017

11/1/17 - EOD Update

No update other than the label change on my alternative wave (iii), which I incorrectly labeled wave iii.

Daily - SPX

Saturday, October 28, 2017

10/28/17 - SPX and BAC Update

Looks like the SPX made quick work of that wave (iv). I tweeted my updated target to 2550 on the high end and looks like it split the difference between 2550-2540.

Because that wave (iv) does not look quite proportional to me, I'm leaving room for an extended wave (iii) here as noted on the chart.

SPX - Daily
BAC continues to claw it's way higher. Maybe triangulating since 10/24 and that projects to about 28.6x, which is in line with the range (7 month Mar-Oct) break out target in the same area.

BAC - Daily
BAC - Close up

Tuesday, October 24, 2017

10/24/17 - Bank of America (BAC)

BAC clearly out of that 7 month range that started in March. Lets see if she wants to hit 29.

BAC - Daily

10/24/17 - AM Update

Since my last post, I have been watching and waiting to see what wave (iii) does at the 2570ish level. So far, it has taken a pause at 2578.29 and pulled back about 10 points. If it can't poke over this level in the next few sessions, I will assume wave (iv) is in progress.

Wave (iv) target zone is approximately 2540 on the high end to 2515 on the low end. We'll see.

SPX - Daily

Friday, October 6, 2017

10/5/17 - EOD Update

Not much to add since the 9/20/17 post. Wave (iii) is still in progress. Lets see what happens at 2570, the top end of the range breakout.


SPX - Daily


BAC broke out of it's range and so far hit the bottom of the projected range between 26-29 as posted on 9/20.

BAC- Daily

Wednesday, September 20, 2017

9/20/17 - EOD Update

Been watching wave (iii) of 5 play out since confirmation on 9/11.

SPX - Daily


Bank of America may finally be working on it's wave 5. Target range between 26-29.


BAC - Daily


Monday, September 11, 2017

9/11/17 - EOD Update

No change since last Thur's post.  Watching the 2490.87 level.

Thursday, August 31, 2017

8/31/17 - EOD Update

So far looks like wave (iii) of 5 is underway. Confirmation begins when or if it breaches the 2490.87 level, the wave (i) high. Should the market pause here, I see a potential triangle in the works that may suggest the alternate count is in play. This alternate is the wave "or iv".

SPX - Daily

Monday, August 21, 2017

8/21/17 - EOD Update

No change. Still long.

SPX - Daily

Friday, August 18, 2017

8/18/17 - EOD Update

Looks like the wave structure off the 8/10 wasn't quite impulsive after all.

However, zooming out to the daily view, the wave structure still remains intact and within the rising channel. The line in the sand is 2405.70, which would invalidate the primary count on this daily chart.

Please note the alternate count in blue (the "or iii" and "or iv" waves).

SPX - Daily 



Wednesday, August 16, 2017

8/16/17 - EOD Update

Looks like five completed waves off the 8/10 low. Looking for the corrective a-b-c wave to complete.

SPX - 60 Min 

Sunday, August 13, 2017

8/13/17 - Weekend Update

Been a while but safe to say that wave (i) of 5 completed and now wave (ii) may have completed an expanded flat down to the 50 DMA. Should the market continue to sell off, a stab below 2407.07 would be the invalidation point (wave 2 retrace into wave 1).


SPX - Daily

Wednesday, July 19, 2017

7/19/17 - EOD Update

Looks like wave (i) of 5 green is looking to finish up if it hasn't already done so. 

Daily

Wednesday, July 5, 2017

Monday, June 19, 2017

6/19/17 - EOD Update

No change. Looks like the SPX is still trying to complete wave 3 green. The last projection target was aiming for 248xish. The close up of the SPX on the 2nd chart below shows another projection out of the smaller triangle that also projects to the same area, so let's see if this is where she is headed.

SPX - Daily

SPX - Daily - Close Up
TSLA also hit its target coming out of the combo corrective and still in that rising channel. TSLA appears to be consolidating in a potential triangle.
TSLA - 60 Min 

Thursday, June 1, 2017

6/1/17 - EOD Update

TSLA and SPX broke out of their triangles and/or combo correctives.

Labels adjusted higher for wave 3 green on the SPX chart. The triangle projects to 248xish.

Haven't had much time lately to focus on the squiggles. I see a potential alternate count that would have this leg up completing wave iii blue. A break back down below the yellow triangle would bump that alternate option up.

SPX - Daily


TSLA - 60 Min 



Wednesday, May 24, 2017

5/24/17 - EOD Update

SPX and TSLA continue to triangulate. TSLA also looks like a combo corrective.

Daily MACD on SPX is just about to cross up so potential for a  break out sooner rather than later.  

SPX - Daily

TSLA - 60 Min

Wednesday, May 17, 2017

5/17/17 - EOD Update

Its been a while but the market finally made a move worthy of a quick look.

The SPX shows a potential flat in progress for wave (iv) green or wave 4 green in progress.

SPX - Daily
Bank of America appears to be working on a wave (4) as well, granted a H/S pattern developing could also be argued.
BAC - Daily

Tuesday, May 2, 2017

5/2/17 - EOD Update

Not much to add.

Daily - SPX
 Looks like wave 4 of (v) green of 3 green is now triangulating too.

Daily - SPX Closeup





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