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