tag:blogger.com,1999:blog-58139050203579209832024-02-20T12:51:05.912-08:00Wave PrincipleStock Market Analysis With The Elliott Wave Principle
-Dow Jones, S&P 500, Russell 2000, Nasdaq and FX.
All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.Unknownnoreply@blogger.comBlogger2615125tag:blogger.com,1999:blog-5813905020357920983.post-60963115775049828502023-05-23T08:48:00.003-07:002023-05-23T08:48:36.492-07:005/23/2023 - BTC Update<p>Since <a href="https://waveprinciple.blogspot.com/2022/12/12222022-btc-update.html">my last post</a> I was anticipating a wave [B] bounce. So far looks like wave (a) of [B] has played out. </p><p>Wave (b) of [B] in progress. Once (b) is complete, we should anticipate a rally for wave (c) to complete the wave [B] bounce. A 50% retracement of [A] targets ~41-42k.</p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjav08ftKXoMq84Yl0XmljPK882WBFkQfxtgt-kXKe37ufTNaZSKh9USf9Mjc41MJVWpaOg3VeRu4zWb1zdO9YawmW-hfvJql-b-OaZTKo1SujchbpgOtSozPDCOVKyv9YBgD0V0tm7hF62DTTo0F8JGWPQmgdDZXsgWXT76HHEu4lhI52Asvi-ahSv/s1344/2023-05-23-TOS_CHARTS-btc.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="656" data-original-width="1344" height="156" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjav08ftKXoMq84Yl0XmljPK882WBFkQfxtgt-kXKe37ufTNaZSKh9USf9Mjc41MJVWpaOg3VeRu4zWb1zdO9YawmW-hfvJql-b-OaZTKo1SujchbpgOtSozPDCOVKyv9YBgD0V0tm7hF62DTTo0F8JGWPQmgdDZXsgWXT76HHEu4lhI52Asvi-ahSv/s320/2023-05-23-TOS_CHARTS-btc.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">Daily</td></tr></tbody></table><br /><p><br /></p><p><br /></p><p> </p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-90104337888394319822022-12-22T05:57:00.004-08:002022-12-22T05:57:55.907-08:0012/22/2022 - BTC Update<p> I can't believe it has been almost a year since my last post. Hopefully I will find more time one day to post regularly again. </p><p>So here is the latest count on BTC. Since my last post, my primary count indicated five waves were complete for wave [5] of {{1}}. With the pullback from the all time high, I counted five waves down to form wave (1). </p><p>In the past year, BTC continued its decline in another five wave fashion [ (1)-(2)-(3)-(4)-(5) ] of higher degree to form what I have labeled as wave [A] for the primary count. If wave [A] is complete, we should anticipate a wave [B] bounce somewhere near the 27k-30k range. </p><p>The alternate is that either wave [A] may have some more wiggle room below or a larger degree "w-x-y" corrective is playing out. I am not considering the latter so much at the moment unless I see seven waves down. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9_pSAgbBAHOO8ceFPMTSFsHgPgiAYo59eRMaXNjhbhyDwWvlL_TU3v-BqK89DOVi9WQE8og1Z7RPlo_PUfjjPbenDA29N83yWKOZbNwxHPpwZa08AkCaUL6Umh1ZIgCbpM2I7YlK7InmuqSj2HQLgStRR-j41Yvh-fFONmmKZ1kHxnCGbuGEMjDF9/s1360/2022-12-22-TOS_CHARTS-BTC.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="672" data-original-width="1360" height="198" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9_pSAgbBAHOO8ceFPMTSFsHgPgiAYo59eRMaXNjhbhyDwWvlL_TU3v-BqK89DOVi9WQE8og1Z7RPlo_PUfjjPbenDA29N83yWKOZbNwxHPpwZa08AkCaUL6Umh1ZIgCbpM2I7YlK7InmuqSj2HQLgStRR-j41Yvh-fFONmmKZ1kHxnCGbuGEMjDF9/w400-h198/2022-12-22-TOS_CHARTS-BTC.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-87597500864068251772022-01-26T04:50:00.000-08:002022-01-26T04:50:11.300-08:001/26/2022 - BTC Update<p>In my <a href="http://waveprinciple.blogspot.com/2021/11/11221-btc-update.html">last post</a>, the primary count was that wave [5] was complete. Since then, BTC pulled back from the all time high and formed five waves down I know have labeled as was (1). </p><p>The alternate, as previously highlighted is that wave [4] is still developing.</p><p>The bullish alternates are still in play but not as likely. </p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjMquxg5YVCfD7xBNWvNkw_tc2aUq4WnlHFgZx5QHaILXNNuaXeR3hgwyED-fcU7GElQAnXw5qt9UEVAmd0fzlOjGz-C6XQYcHkNNHhjTFJvOTpeT0KJWVKvFmyBGod6p3g4wFEFvZLeRNCDbvL0SYtIG_ZMaT2-XhnN1dk1e8-0txPewi3r_gslqtJ=s1360" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="684" data-original-width="1360" height="161" src="https://blogger.googleusercontent.com/img/a/AVvXsEjMquxg5YVCfD7xBNWvNkw_tc2aUq4WnlHFgZx5QHaILXNNuaXeR3hgwyED-fcU7GElQAnXw5qt9UEVAmd0fzlOjGz-C6XQYcHkNNHhjTFJvOTpeT0KJWVKvFmyBGod6p3g4wFEFvZLeRNCDbvL0SYtIG_ZMaT2-XhnN1dk1e8-0txPewi3r_gslqtJ=s320" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">BTC - Daily<br /></td></tr></tbody></table><br /><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-27329366244798404522021-11-02T06:37:00.000-07:002021-11-02T06:37:09.984-07:0011/2/21 - BTC Update<p> Based on BTC futures' new closing high, I tweaked the count to account for two more bullish options for BTC. </p><p>The primary option: </p><p>I see a legitimate five wave count complete with the recent new closing high at 67060 on 10/20/21 to wrap up wave <span style="color: #ffa400;">[5]</span>*. <br /></p><p><i><span style="font-size: x-small;">* One concern I have with the count is how to account for
the wave structure for wave<span style="color: #ffa400;"> [4]</span>. Initially I labeled the move as a five
wave structure, which it still clearly looks like. For now, I will
treat it as a w-x-y corrective. </span></i></p><p>However, I suspect this leg is not complete so the two options below will help account for a push higher past 67060.</p><p>Option 1: Wave <span style="color: #2b00fe;">(1)</span> of <span style="color: #ffa400;">[5]</span> has only completed off the June 2021 low. </p><p>Option 2: A more bullish option is that we are still only in wave <span style="color: #ffa400;">[3] </span>with wave <span style="color: #2b00fe;">(3)</span> of <span style="color: #ffa400;">[3]</span> yet to come. <br /></p><p>Shouldn't be too long from now to see the signal. Either BTC breaks out higher or retreats deeper into the 30,000 - 63000 range to continue forming wave <span style="color: #ffa400;">[4]</span>. <br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcpjXdqHNwuGU6IjARQz5LZx02Fr-ahwvLghxw7wB5frKaEK9s0QYIsM0fsv5G54Cn0R0LZr6QPYyPkBz1NzbKd0V3CMd9G6c1lo1IZLX4Kv-RrUM4dMd4WizSG48_ggZ5usWEwXbkoYA/s1360/BTC-11-2-21.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="684" data-original-width="1360" height="161" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcpjXdqHNwuGU6IjARQz5LZx02Fr-ahwvLghxw7wB5frKaEK9s0QYIsM0fsv5G54Cn0R0LZr6QPYyPkBz1NzbKd0V3CMd9G6c1lo1IZLX4Kv-RrUM4dMd4WizSG48_ggZ5usWEwXbkoYA/s320/BTC-11-2-21.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">BTC - Daily<br /></td></tr></tbody></table><br /><p><br /></p><br /><p><br /></p><br />Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-86070982280771676132021-09-30T06:17:00.003-07:002021-09-30T06:20:38.530-07:009/30/21 - <p>Been a while.Some updates since my last post in May and April. </p><p> </p><p>Since my May update, I was looking for the completion of wave (3) blue. So that looks like that may be the case. The market consolidating up here and near the 200 day moving average (~4120) would be consistent with a wave (4) pullback. </p><p> This would also make for a Fib 38.2% retrace of wave (3) as well. So let's keep an eye on the wave structure between the 4545 high and the 200 day moving average. <br /></p><p></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKBH77NYQGGPcjAC9zU-gRyCfBxbmWqvxKjs4pNpG6ZFpEu8ySgt8HkU9IIEePjDTZJ9d9VanwR6_ZxC6BoLis1J-cWi2HkGVMicAx3eLWuGbB65qRs-1ZItvis2ISqEOD621J3-yeuoU/s1440/spx.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="816" data-original-width="1440" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKBH77NYQGGPcjAC9zU-gRyCfBxbmWqvxKjs4pNpG6ZFpEu8ySgt8HkU9IIEePjDTZJ9d9VanwR6_ZxC6BoLis1J-cWi2HkGVMicAx3eLWuGbB65qRs-1ZItvis2ISqEOD621J3-yeuoU/w320-h181/spx.png" title="SPX - Daily" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX Daily<br /></td></tr></tbody></table> <p></p><p>Since my <a href="http://waveprinciple.blogspot.com/2021/04/42721-crypto-anyone.html">last BTC post </a>I was looking for a wave (b) bounce for wave [4]. So far that has occurred and now appears that wave (c) is in progress. Wave (c) can take on any form so will just keep an eye on the range between the wave (b) high and wave (a) low for signs of further corrective consolidation to wrap up wave [4]. </p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCP6-pu4nYGOcOInE89F0RnJzFn_r3XVxNbbbwqk6YeJeF7QTV56KOTuUP74NrvaFiOnLwoRBDnnAQT_zQvArdygdSd4-2lCF8RLSZvqrGzyu8ylXEYoDnY-TYWosTNdTYRsP_z_Y3f2k/s1440/btc.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="816" data-original-width="1440" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCP6-pu4nYGOcOInE89F0RnJzFn_r3XVxNbbbwqk6YeJeF7QTV56KOTuUP74NrvaFiOnLwoRBDnnAQT_zQvArdygdSd4-2lCF8RLSZvqrGzyu8ylXEYoDnY-TYWosTNdTYRsP_z_Y3f2k/s320/btc.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">BTC Daily<br /></td></tr></tbody></table><br /><br /><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-72332478398003016862021-05-21T17:37:00.002-07:002021-05-21T17:37:47.856-07:005/21/2021 - EOD UpdateLooks like wave 4 of (3) is in progress or near completiong. Pay attention to the alternate in orange. Perhaps (3) is almost near completion and waiting on it's wave 5 to come very shortly.
<div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNLr-xrtnSw3LMBvujIn65DmJzfTVkR10ZxFVad6NCRFLNWbtq7aigoA9o_XlOpnSiNuVB2dnBtsqIo-gg-TFgIs4CvvBpFUh7D-FMwOkm_bZzFTA1uVTvZfXlu1T1XLNs_bDebP9kCmo/s1440/daily.png" style="display: block; padding: 1em 0; text-align: center; "><img alt="" border="0" width="400" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNLr-xrtnSw3LMBvujIn65DmJzfTVkR10ZxFVad6NCRFLNWbtq7aigoA9o_XlOpnSiNuVB2dnBtsqIo-gg-TFgIs4CvvBpFUh7D-FMwOkm_bZzFTA1uVTvZfXlu1T1XLNs_bDebP9kCmo/s400/daily.png"/></a></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-55988340616832200252021-04-27T06:39:00.004-07:002021-04-27T06:53:29.526-07:004/27/21 - Crypto Anyone? <p>[UPDATE] - Lets use our normal charting tools.</p><p> <table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSaltgHI4N_wohaAwGc-mb8YjheqiwcaOcpAAnhA5vPcn6N_SqLw-dIDpvdkl9bATiY-CSFvP47ySTpdG66jj1HEr_nSmghX3keuzS3XMYcsrrZctCoWxjqRF01x3INjBMJo2xQycuZdQ/s1440/btc.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSaltgHI4N_wohaAwGc-mb8YjheqiwcaOcpAAnhA5vPcn6N_SqLw-dIDpvdkl9bATiY-CSFvP47ySTpdG66jj1HEr_nSmghX3keuzS3XMYcsrrZctCoWxjqRF01x3INjBMJo2xQycuZdQ/s320/btc.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">BTC- Daily<br /></td></tr></tbody></table><br /></p><p>--- <br /></p><p> </p><p>I may start posting counts for BTC/ETH. Let's see how this plays out. </p><p>The alternate corrective count is in red.Lets keep an eye on 57k. <br /></p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTzZOb1roYxQrgp3vkJ3bD32S_BVcVE2dNuTvK3SQ_ZVxs_v-P_7lpq9XG2eTYgG83X703Pb5aZKryNzbFMJcUAHG8yD5Kez45qWhe1_H3oSBtcytVlNzaGfbEazFZZ-Rihjvb1NA9zBQ/s1430/btc.PNG" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="737" data-original-width="1430" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTzZOb1roYxQrgp3vkJ3bD32S_BVcVE2dNuTvK3SQ_ZVxs_v-P_7lpq9XG2eTYgG83X703Pb5aZKryNzbFMJcUAHG8yD5Kez45qWhe1_H3oSBtcytVlNzaGfbEazFZZ-Rihjvb1NA9zBQ/s320/btc.PNG" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">BTC - Daily<br /></td></tr></tbody></table><br />Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-17123631217785594072021-04-24T06:08:00.005-07:002021-04-24T06:08:39.061-07:004/24/21<p> No big changes to the count. Still looking for wave 3 of (3) to complete. I did add an alternate count in orange. Near term (see 60 min chart below) looks like a potential triangle playing out forming the basis for a wave four. <br /></p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqTBcaj7bEOgcq5Aif2YOgQ0xVH07Gi9g9pItPHE2VxgP9MKHmxnrNQYNgLdGF4EH42RQ7WYmmFc7Eom0uc2_SwDMsSpgOsKM-7pR267bM2WxN8HTQEjJMASofkAV71E-G6YJWV_UnMx8/s1424/daily.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="796" data-original-width="1424" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqTBcaj7bEOgcq5Aif2YOgQ0xVH07Gi9g9pItPHE2VxgP9MKHmxnrNQYNgLdGF4EH42RQ7WYmmFc7Eom0uc2_SwDMsSpgOsKM-7pR267bM2WxN8HTQEjJMASofkAV71E-G6YJWV_UnMx8/s320/daily.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX - Daily<br /></td></tr></tbody></table><br /><p>The possible wave four triangle:</p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh18jdu_n_8zMzch5lBOuZJLVx9Eu5JbVmV7bm8dkvw15TRlvRipNK6NZ-iHs_IlZSVwePTqXzUFihyphenhyphen9fnX_Hz1__5nDJBCryH0n5ZfkT8Lyf3nk_AK6382j97tdifNg8Iuo7a7XYRIv4A/s1424/60.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="796" data-original-width="1424" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh18jdu_n_8zMzch5lBOuZJLVx9Eu5JbVmV7bm8dkvw15TRlvRipNK6NZ-iHs_IlZSVwePTqXzUFihyphenhyphen9fnX_Hz1__5nDJBCryH0n5ZfkT8Lyf3nk_AK6382j97tdifNg8Iuo7a7XYRIv4A/s320/60.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX - 60 Min <br /></td></tr></tbody></table><br /><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-49884356563301136662021-04-09T16:33:00.003-07:002021-04-09T16:33:32.868-07:004/9/21 - EOD Update<p> No change. Looks like (iii) of iii of 3 in progress.</p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBUz8icY3BGVyHt7OW-jBDBCUWAUSIsStWfyZe-V6DJ1n1uj99yVbkKnZTPhXs4Bb-loS4xPaiX2NftLSlpE68Pe5CE6u_UNHHB6bozDtp2FH4OyZGvLE3xInS8T3CpudPtL_zSEYWxUE/s1440/Daily.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBUz8icY3BGVyHt7OW-jBDBCUWAUSIsStWfyZe-V6DJ1n1uj99yVbkKnZTPhXs4Bb-loS4xPaiX2NftLSlpE68Pe5CE6u_UNHHB6bozDtp2FH4OyZGvLE3xInS8T3CpudPtL_zSEYWxUE/s320/Daily.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX - Daily<br /></td></tr></tbody></table><br /><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-16759405964570768502021-03-28T07:40:00.000-07:002021-03-28T07:40:46.537-07:003/28/21 - Weekend Update<p> Since <a href="http://waveprinciple.blogspot.com/2021/02/252021-eod-update.html">my last post</a>, I left the possibility open that the pull back on 2/5/21 may have been a wave iv for wave 1. Looks like that was the case and with the updated chart below, I have wave 1 and 2 complete with 3 in progress now. </p><p><br /></p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqvF5NVVPGc-iP8ccgKX4UXsZtwWwhOZalSAjTfomCU0ejkIu3_utm3Vsr2dOrUkUXzf8TxIaYG_EGbKNoIO-9S4jZxxhSFHoDI7lFMbByOJyT5Waiwz2799GUstD-m8laKVXlCaph29s/s1440/Daily.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqvF5NVVPGc-iP8ccgKX4UXsZtwWwhOZalSAjTfomCU0ejkIu3_utm3Vsr2dOrUkUXzf8TxIaYG_EGbKNoIO-9S4jZxxhSFHoDI7lFMbByOJyT5Waiwz2799GUstD-m8laKVXlCaph29s/s320/Daily.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX - Daily<br /></td></tr></tbody></table><br /><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-5554078803834830722021-02-05T18:43:00.001-08:002021-02-05T18:43:34.593-08:002/5/2021 - EOD Update <p>Since my last post I was looking for wave c down for wave 2. Looks like we got it as the market pulled back and tested the 50 day moving average and has since made a new all time high. <br /></p><p>Seemed a little too quick for me so I will leave room for the possibility that the pull back could have been a wave iv pullback for wave 1 that may not have completed yet. SPX 4k is within reach so we'll see if it gets there first before a larger pullback or just continues to climb higher past 4000. <br /></p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLSyV9JfpeeRE8wPcoiCBvws1Kp2ycjtrw8gAstKhRueK5z0FGvXyB02F4d7ncXwzTEZV011UNh6nGQ6CJ-ZHpVGCbDcSPcN7t-7x8A9nV96B6e1xonajz0bi0fIz0I4k0mmykDsAak0g/s1440/daily.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLSyV9JfpeeRE8wPcoiCBvws1Kp2ycjtrw8gAstKhRueK5z0FGvXyB02F4d7ncXwzTEZV011UNh6nGQ6CJ-ZHpVGCbDcSPcN7t-7x8A9nV96B6e1xonajz0bi0fIz0I4k0mmykDsAak0g/s320/daily.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX - Daily<br /></td></tr></tbody></table><br /><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-74086599296839350732021-01-28T18:43:00.001-08:002021-01-28T18:43:42.726-08:001/28/2021 - EOD Update<p>Looks like things are going as planned. Since the <a href="http://waveprinciple.blogspot.com/2021/01/1272021-eod-update.html">last post</a>, I speculated that wave b may bounce and test the underside of the ending diagonal. It did that today and was rejected. Will assume wave c down of 2 is underway. </p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmECMFUzXHI0j0M0-p8i5-p5KdonIfvMfe_1Ex5yyeECGUINVIYMFFYOe-DheWpPtBNbZUch-SMK-m1a4i-4Dd5LWOMmGEJl4WGZqe-vBHkP-BFxgUDXciRM9lmWnnalzJHXifx9SwL-s/s1278/daily.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="717" data-original-width="1278" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmECMFUzXHI0j0M0-p8i5-p5KdonIfvMfe_1Ex5yyeECGUINVIYMFFYOe-DheWpPtBNbZUch-SMK-m1a4i-4Dd5LWOMmGEJl4WGZqe-vBHkP-BFxgUDXciRM9lmWnnalzJHXifx9SwL-s/s320/daily.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX - Daily<br /></td></tr></tbody></table><br /><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAdoM847rGk7E54wZte7gA-wUxOQ1BwYZVYVtEagipVPst3QMgfFGOeM0Z0GnyKvYSeeFs8VIdUmmGSZMCE08PAhv9GLCfPm2a19vvnFoqNhloJlzCFdUdTBwX83f00GNQEwI7TkxWVKU/s1278/60.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="717" data-original-width="1278" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAdoM847rGk7E54wZte7gA-wUxOQ1BwYZVYVtEagipVPst3QMgfFGOeM0Z0GnyKvYSeeFs8VIdUmmGSZMCE08PAhv9GLCfPm2a19vvnFoqNhloJlzCFdUdTBwX83f00GNQEwI7TkxWVKU/s320/60.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX - 60 Min <br /></td></tr></tbody></table><br /><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-64638941565404388782021-01-27T18:15:00.000-08:002021-01-27T18:15:04.566-08:001/27/2021 - EOD Update<p> Looks like the ending diagonal played out as I was suspecting. So far the break down from the ED looks like five little subwaves for wave a of 2. So I expect a wave b bounce may test the underside of the ending diagonal before a wave c down to complete wave 2. </p><p>Some targets for wave 2:</p><p>1. The 50 day SMA near 3700</p><p>2. The 3600-3700 zone testing the breakout area during the Thanksgiving week. <br /></p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8FMM7mrXfkoSPHH1LrmkfbCt7cUuV6DDqulvNA14efhKQg0MG6KtWJGSlcoJV1Ztr41nJBBr0OabZlPpKSM5lO0UIJlBGndydq5IiKc-t53hlbK1VHHLGdf52yCgByVpmNgEamhn3C7w/s1440/daily.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8FMM7mrXfkoSPHH1LrmkfbCt7cUuV6DDqulvNA14efhKQg0MG6KtWJGSlcoJV1Ztr41nJBBr0OabZlPpKSM5lO0UIJlBGndydq5IiKc-t53hlbK1VHHLGdf52yCgByVpmNgEamhn3C7w/s320/daily.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX - Daily<br /></td></tr></tbody></table><br /><p>Here is the close up of the ED and the mini five subwaves for wave a of 2. </p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3jMRVycn70ANCD1tcgE6as97Rlj3aOPI0QtLwxIb94w9Li2J5flsXhm4gomMIJ0a_zP4neusJR37Cs4fxJAkKmELvcQoji8mtpNv4eZZ_Ou5o66nrEqboxppFdF86rDQ2P4U3JiGOvm8/s1440/close.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3jMRVycn70ANCD1tcgE6as97Rlj3aOPI0QtLwxIb94w9Li2J5flsXhm4gomMIJ0a_zP4neusJR37Cs4fxJAkKmELvcQoji8mtpNv4eZZ_Ou5o66nrEqboxppFdF86rDQ2P4U3JiGOvm8/s320/close.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX - 60 Min <br /></td></tr></tbody></table><br /><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-64472697043545888092021-01-22T15:39:00.001-08:002021-01-22T15:39:39.741-08:001/22/2021 - EOD Update<p>HNY all. I cleaned up the degree labeling a bit. Looks like there could be an ending diagonal forming to wrap up wave 1 of (3). </p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRZ2OO4OBp1ktD6JeSxsQFS3bazczQUKhj2GywnpWiq-Ux2da_mhPEYKqHmSeIkBFttV3ybssnSMShdg7rElros_gt59Bl-QoE1151yOrQ56HeayBH8tXTPV2B2Enh3CyTj13n3o6Q-VU/s1440/daily.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRZ2OO4OBp1ktD6JeSxsQFS3bazczQUKhj2GywnpWiq-Ux2da_mhPEYKqHmSeIkBFttV3ybssnSMShdg7rElros_gt59Bl-QoE1151yOrQ56HeayBH8tXTPV2B2Enh3CyTj13n3o6Q-VU/s320/daily.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX - Daily<br /></td></tr></tbody></table><br /><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-5311619148373404592020-12-31T16:01:00.004-08:002020-12-31T16:01:40.964-08:0012/31/2020 - EOD Update<p>Good riddance 2020. </p><p></p><p>Not much to add since my last post. I had a wave 3 in the works and so far that still seems to be playing out. My degrees may be off a bit but too lazy to relabel it. I think wave 1 of (3) is playing out here. So only three waves for 1 of (3) at this point. We'll see, it appears really bullish but that is the count at the moment. <br /></p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhefsLJzpwzKfz7_s2YCFiVuTNB3Nu9ueyjcLPUKAomatV5ALPNRhdbYvYQsS-rGiobzbHwqDICNOq8h7T3FeZs40m6ComMOs4tnxo6uZj_bfgjjrhsZ91N-bbE2pEImFRLDLKgLX8XGjw/s1440/daily.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhefsLJzpwzKfz7_s2YCFiVuTNB3Nu9ueyjcLPUKAomatV5ALPNRhdbYvYQsS-rGiobzbHwqDICNOq8h7T3FeZs40m6ComMOs4tnxo6uZj_bfgjjrhsZ91N-bbE2pEImFRLDLKgLX8XGjw/s320/daily.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX Daily<br /></td></tr></tbody></table><br /><p>And a look at the long term monthly chart to cap the year end. </p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfRp6Ji6ReXKM7OPRbJs4xc-VEqWqLvzUKMuJBvUlT5HF8eLEaJHdCBLtLrHU2gqmMDKlEDe-aZi-OJ_8XugVt6knOxN7Cmv49036m7bKPwvaXV6Y3gFIi2g7i0FX7Frpxx1eVQG_1fIs/s1440/Monthly.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfRp6Ji6ReXKM7OPRbJs4xc-VEqWqLvzUKMuJBvUlT5HF8eLEaJHdCBLtLrHU2gqmMDKlEDe-aZi-OJ_8XugVt6knOxN7Cmv49036m7bKPwvaXV6Y3gFIi2g7i0FX7Frpxx1eVQG_1fIs/s320/Monthly.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX Monthly<br /></td></tr></tbody></table><br /><p>Hope everyone has a safe and Happy New Year! </p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-68301517436924248182020-12-02T19:13:00.002-08:002020-12-02T19:13:21.207-08:0012/2/2020 - EOD Update<p>Sorry. Not much to add other than the market confirming the wave (2) flat. </p><br /><p> </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZkfE-9H8Qa7VzpAnxMK6SC30BEEi_LQZEjLpUN6ITYBCsgT5o6bdSbhdnlJp8KqJkwojLOoZrbp89TBwHSZdRKScnzcwo82-GTogev1RXJuFHJYyXh9vX2SZM0VEFWOPnbOFM0gYoajo/s1440/60.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZkfE-9H8Qa7VzpAnxMK6SC30BEEi_LQZEjLpUN6ITYBCsgT5o6bdSbhdnlJp8KqJkwojLOoZrbp89TBwHSZdRKScnzcwo82-GTogev1RXJuFHJYyXh9vX2SZM0VEFWOPnbOFM0gYoajo/s320/60.png" width="320" /></a></div> <div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2ki2SgGyNBGgnnT84dOOtyaUBpOuqcCt0cKlzutxjHmigrxEBlCWfxnMpgUhr4L9eM8p3Ubh5Zz3eaYcSL-wFBqQPu0OFSUa_8B7CW5Ns99pSONx5o1AiGmpfluVp7E0PP0txOtarQn0/s1440/daily.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2ki2SgGyNBGgnnT84dOOtyaUBpOuqcCt0cKlzutxjHmigrxEBlCWfxnMpgUhr4L9eM8p3Ubh5Zz3eaYcSL-wFBqQPu0OFSUa_8B7CW5Ns99pSONx5o1AiGmpfluVp7E0PP0txOtarQn0/s320/daily.png" width="320" /></a></div><br /><br /><br /><p></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-29408964918384975612020-10-29T21:07:00.001-07:002020-10-29T21:07:10.144-07:0010/29/2020 - EOD Update<p>Been a little side tracked. Not too much to add other than a little clean up on the counts. Since my <a href="http://waveprinciple.blogspot.com/2020/10/10122020-eod-update.html">post on 10/12/2020,</a> I laid out two options and I wrote:</p><p></p><p><i>Either: </i></p><p><i>1. Wave 1 of (3) of five will complete all five subwaves i-ii-iii-iv-v</i></p><i>2.
wave b of (2) as a flat is near completion and will either reverse near
the all-time high here. Keep in mind, there are only three waves up off
the September low so far so very much still in play. </i><p>Since then a nearly 300 point decline has occurred and with that decline, the 1st option was taken off the table. Option 2 took the pole position so now we'll have to see what type of flat plays out or potentially some type of combo corrective to complete wave (2) of [5].</p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZOjGWoSq2j8EpfRCjL_WTAiyiFEf-RTJd1WsJsgxpX-q5SQiNPRh6HQcw5k-3DRY-Z_XijvVvUMgqfL0Iec6ZBXSih0fkUnjIskDptZ4ypv8Ugcr2Z-M-bs4O1-5ylY4vw9gGHKsvIEI/s1440/60.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZOjGWoSq2j8EpfRCjL_WTAiyiFEf-RTJd1WsJsgxpX-q5SQiNPRh6HQcw5k-3DRY-Z_XijvVvUMgqfL0Iec6ZBXSih0fkUnjIskDptZ4ypv8Ugcr2Z-M-bs4O1-5ylY4vw9gGHKsvIEI/s320/60.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">SPX - 60 Min <br /></td></tr></tbody></table><br /><p><br /></p><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-68415128324712177442020-10-13T19:36:00.000-07:002020-10-13T19:36:05.470-07:0010/13/2020 - EOD Update<p> Wave iv or -iv is tracing out. Would be a little quick if it is considered complete so will keep an eye out for some sideways chop here. <br /></p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilCOcXP42j0pGfwL1xnn96aoUsp3_RvqPLt_9wa7EEvHlKjlNhmLr9hMfOI7Q-VbRdmQg-DziJQ3ZyHLVYdOwy-A00BJlmVjyFVY1USXnKXF1ZH6Zr3xhwNl2IzqLmoDBTLRFmD0SUK4c/s1440/15.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilCOcXP42j0pGfwL1xnn96aoUsp3_RvqPLt_9wa7EEvHlKjlNhmLr9hMfOI7Q-VbRdmQg-DziJQ3ZyHLVYdOwy-A00BJlmVjyFVY1USXnKXF1ZH6Zr3xhwNl2IzqLmoDBTLRFmD0SUK4c/s320/15.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">15 Min<br /></td></tr></tbody></table><br /><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-64672306055719627772020-10-12T18:39:00.000-07:002020-10-12T18:39:35.967-07:0010/12/2020 - EOD Update<p> Wave iii kept extending. Very possible it completed on today's high with wave iv beginning with the pullback today. The alternate is that wave -iii is not quite complete yet. <br /></p><p><span></span><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmxnMyiSZpA4goiluwF6ZsdbQHwd6NaXjxc6GPQa-puxtGrox-lzGoasXxYms2Z0uZ1GFlFUXpxuF6BMXjQy5mxZLGcoIb5V2zSqf8ytWdVWBpEPMM4PuuIGQRJJEXHDqXYrCxkRBM09k/s1424/15.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1424" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmxnMyiSZpA4goiluwF6ZsdbQHwd6NaXjxc6GPQa-puxtGrox-lzGoasXxYms2Z0uZ1GFlFUXpxuF6BMXjQy5mxZLGcoIb5V2zSqf8ytWdVWBpEPMM4PuuIGQRJJEXHDqXYrCxkRBM09k/s320/15.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">15 Min <br /></td></tr></tbody></table><p>Getting close to the all time high. So we now have to keep an eye out for the two best options. </p><p>Either: </p><p> 1. Wave 1 of (3) of five will complete all five subwaves i-ii-iii-iv-v</p><p>2. wave b of (2) as a flat is near completion and will either reverse near the all-time high here. Keep in mind, there are only three waves up off the September low so far so very much still in play. <br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1bJBUcybix2CgU4vWjBX-0g1ei332A6WRgF2WERcMfG6DwrmZph93IF7HynZG4UQOkvAOFH_4qRXukiMTPu3uTWRi3L-USbf0fSnE4lrh7VmjggXTapXTvWkTgKe-fsg2qVXg0cKBBC4/s1440/60.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1bJBUcybix2CgU4vWjBX-0g1ei332A6WRgF2WERcMfG6DwrmZph93IF7HynZG4UQOkvAOFH_4qRXukiMTPu3uTWRi3L-USbf0fSnE4lrh7VmjggXTapXTvWkTgKe-fsg2qVXg0cKBBC4/s320/60.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">60 Min <br /></td></tr></tbody></table><br /><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-68467548401998695252020-10-09T20:26:00.000-07:002020-10-09T20:26:03.765-07:0010/9/2020 - EOD Update<p> Looks like we still have the continuation of my wave iii. </p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4h-tgSF6-rn716p0tMdTukBXY4vo91g101DUK9xWyN5owauOqaVdW87Six_jTCBsqbww4MKt3j-tsECdOC-i97zL3Pvy8yAXIXdvvYIIf0L2kTt4HO43Fzsb-7NXjV1YWQtbHISfccBM/s1275/15.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="669" data-original-width="1275" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4h-tgSF6-rn716p0tMdTukBXY4vo91g101DUK9xWyN5owauOqaVdW87Six_jTCBsqbww4MKt3j-tsECdOC-i97zL3Pvy8yAXIXdvvYIIf0L2kTt4HO43Fzsb-7NXjV1YWQtbHISfccBM/s320/15.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">15 Min <br /></td></tr></tbody></table><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8bROa40YXndFJLu2k2IgFF9LrcAtZsinzoRjUv9oH2CJ0AiyMVTjxG3UQGF9OHlL7xoVeWpEoYhp4tAXQcUBMU8IyD51rRUOjOYXHjYtwQHXrTllQwkLzltxQH2g4zJUcGctGSt_7Ri8/s1275/60.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="669" data-original-width="1275" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8bROa40YXndFJLu2k2IgFF9LrcAtZsinzoRjUv9oH2CJ0AiyMVTjxG3UQGF9OHlL7xoVeWpEoYhp4tAXQcUBMU8IyD51rRUOjOYXHjYtwQHXrTllQwkLzltxQH2g4zJUcGctGSt_7Ri8/s320/60.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">60 Min <br /></td></tr></tbody></table><br /><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-59143737059230407192020-10-08T21:42:00.000-07:002020-10-08T21:42:26.473-07:0010/8/2020 - EOD Update<p>Not much to add. The primary count,<a href="http://waveprinciple.blogspot.com/2020/10/1042020-update.html"> as posted the other day, </a>is still intact. A wave iii was expected for the primary and so far it appears to be playing out, albeit in a wedgie looking pattern. The alternate posted the day is now invalidated. </p><p>The new alternate option is a potential leading diagonal wave, which would accommodate the wedgie look, may be in play as highlighted by the orange count below on the 15 min chart. If this is a leading diagonal, wave v cannot exceed 3462.73, otherwise it will be longer than wave iii, which would be a rule violation. <span></span><br /></p><p>The inverted head and shoulders pattern continues to play out. I now have two areas for the neckline. They essentially imply the general target area near 3600. <br /></p><p></p><p></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbtEUekSaSQzE1PnkdghhCcJCns1IKnsOtkopgXfToT9dmaDxY4GfxU0hrDXj3JT-xm_HIVtDddT62Vk51jEf6sRzMV-i2lCT69wUUApk4hmQjMpTzKxW2nRm1kJPvrLb4x-ySAVGIHNk/s1440/15.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbtEUekSaSQzE1PnkdghhCcJCns1IKnsOtkopgXfToT9dmaDxY4GfxU0hrDXj3JT-xm_HIVtDddT62Vk51jEf6sRzMV-i2lCT69wUUApk4hmQjMpTzKxW2nRm1kJPvrLb4x-ySAVGIHNk/s320/15.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">15 Min <br /></td></tr></tbody></table><br /><p><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFwQGSfBzMhbjf62bbRv_Ml1zyRF80oiw1ngZmn4PPRDQYckcEu0MtSjM2YvwRwRYhw5bMdk_Opb6ZfGc2S6uVnSMgc_NEQCdb-cY2eZlY3LWOr4DtxWqzNEpWHQpnkZhRozrGJZNTDBw/s1440/60.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFwQGSfBzMhbjf62bbRv_Ml1zyRF80oiw1ngZmn4PPRDQYckcEu0MtSjM2YvwRwRYhw5bMdk_Opb6ZfGc2S6uVnSMgc_NEQCdb-cY2eZlY3LWOr4DtxWqzNEpWHQpnkZhRozrGJZNTDBw/s320/60.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">60 Min <br /></td></tr></tbody></table><br /> </p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-20488372900631097582020-10-04T08:01:00.000-07:002020-10-04T08:01:41.888-07:0010/4/2020 - Update<p>Obviously the president's COVID-19 infection spooked the market. SMH at the hypocrisy and lack of transparency playing out. <br /></p><p></p><p>Not too much change to the count options recently presented. The triangle I was tracking has failed, however there is still room for a larger triangle. </p><p>At the moment here are the counts:</p><p>Primary: Wave ii completed with a wave iii higher in store. This is invalidated with the break of 3323.69</p><p>Alternate: Wave ii is forming a larger flat with wave c of ii to come below. Wave c of ii = wave a of ii at approximately 3290. This option continues to build on the inverted head and shoulders pattern and would result in a more symmetric right shoulder. </p><p><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfg2vWi7cEysEtZLegHl_Yc_cxDr6XWReAizN3KXoWIfN-I3FGUmj2Ko0KLiPlIEXCV6PnUPa0Z1PwJjhMNzOsdeINFcINFHt0Bldm-LyO4fSXZoqLJaxoHTTzPM9rhvFVZc2PMlcYTOI/s1440/15.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfg2vWi7cEysEtZLegHl_Yc_cxDr6XWReAizN3KXoWIfN-I3FGUmj2Ko0KLiPlIEXCV6PnUPa0Z1PwJjhMNzOsdeINFcINFHt0Bldm-LyO4fSXZoqLJaxoHTTzPM9rhvFVZc2PMlcYTOI/s320/15.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">15 Min <br /></td></tr></tbody></table><br /><p><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEje22vr4HL0LHJHRpL-ch1kUO099uksikqvF_ciGAlzqt0_-SWimUaO1_zKeomKqU8xRGLG0nlOVz8wWML1Zzo6iEemDnS12Sdp6OsIqpGDHF41qsr5wu8kjv1x7JDjx43t2ATjkhvrlsc/s1440/60.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEje22vr4HL0LHJHRpL-ch1kUO099uksikqvF_ciGAlzqt0_-SWimUaO1_zKeomKqU8xRGLG0nlOVz8wWML1Zzo6iEemDnS12Sdp6OsIqpGDHF41qsr5wu8kjv1x7JDjx43t2ATjkhvrlsc/s320/60.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">60 Min <br /></td></tr></tbody></table><br /> </p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-59135075972955805412020-10-01T17:18:00.001-07:002020-10-01T17:18:05.716-07:0010/1/2020 - EOD Update<p> Looks like the market is triangulating up top here. So either my wave ii is playing out some sideways combo corrective or this is some type of wave 4 that I am missing. Either way, this is implying a possible move higher. </p><p>Daily MACD buy signal triggered today. </p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiuKZtBBmyjC7J3IrkoCXh_3ZesfcqyocTdXkszXLn32kB-KBSiw-HbjlJKDpkGQgqVFZnGSZq-GajZ5vzFWul3_gV6wWtpryUby-gg_xjuPAQo33GmtUBWaUY251EFow3ZIpBAcfQp8EI/s1440/15.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiuKZtBBmyjC7J3IrkoCXh_3ZesfcqyocTdXkszXLn32kB-KBSiw-HbjlJKDpkGQgqVFZnGSZq-GajZ5vzFWul3_gV6wWtpryUby-gg_xjuPAQo33GmtUBWaUY251EFow3ZIpBAcfQp8EI/s320/15.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">15 Min <br /></td></tr></tbody></table><p>Bigger picture all this could be setting up a larger wave (2) flat. We'll know more if 3588 caps the move and the wave structure looks like a three wave affair. <br /></p><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi89h-ZPAJNV9qY_qh9ilrR7yzXeFt8vkC4SURu7j7oRuxLDODAMeebP3JT0Lar1RLuH0Tq_rYLko2yTVaXu15bYYii4QAFeBH8Nxy7EqjWy-XJRDSGb05OQo4VdIwGR6bWw7W8-1cK59k/s1440/60.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi89h-ZPAJNV9qY_qh9ilrR7yzXeFt8vkC4SURu7j7oRuxLDODAMeebP3JT0Lar1RLuH0Tq_rYLko2yTVaXu15bYYii4QAFeBH8Nxy7EqjWy-XJRDSGb05OQo4VdIwGR6bWw7W8-1cK59k/s320/60.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">60 Min <br /></td></tr></tbody></table><br /><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-15129850383062425312020-09-30T18:10:00.005-07:002020-09-30T18:10:44.143-07:009/30/2020 - EOD Update<p> The subwaves counted well today. Since my <a href="http://waveprinciple.blogspot.com/2020/09/9302020-am-update.html">AM update</a>, looks like we have now completed five waves up off what I have as wave (2). </p><p>The market rallied hard to clear the 20 and 50 day on closed over it by a smidgen. Is the market setting up a small wave ii pullback to suck in some bears shorting at the 50 day only to rally higher in a wave iii of 1 of (3) higher on the primary count? </p><p>A potential inverted head and shoulders pattern and by the looks of the daily MACD, this could be in the works. </p><p>So for now my primary view is that the market continues to march higher. May need a little more for wave ii down to a 38% retracement, maybe not. We'll see. </p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgClwYkzZVsiFTvHhMOM3GakYTUrw2SRXN8CPpKFa3AyiwGzmaycr2Hm_SQjZAc9-MBuAFLFRDJMexXSyl73aUgUdPMNHibPZ9FcdzszPoq91ZaJ76xrHqhlrppcTJRSLW1q6hQnrGKBX8/s1440/15.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgClwYkzZVsiFTvHhMOM3GakYTUrw2SRXN8CPpKFa3AyiwGzmaycr2Hm_SQjZAc9-MBuAFLFRDJMexXSyl73aUgUdPMNHibPZ9FcdzszPoq91ZaJ76xrHqhlrppcTJRSLW1q6hQnrGKBX8/s320/15.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">15 Min<br /></td></tr></tbody></table><p></p><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSsyC-GVcR3p27Q_RgdkIfD9rjqIejaTDR2fUuL34kxEBvwj7m1assQB3ibfit4ne6Sj5e_sKcMm-DYheYbfXRp_PBUaPHhyphenhyphenvSpz2e5Vb-WIaKcKhfldZlLe8nuqnS2niYmdI4L60IaOk/s1440/daily.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSsyC-GVcR3p27Q_RgdkIfD9rjqIejaTDR2fUuL34kxEBvwj7m1assQB3ibfit4ne6Sj5e_sKcMm-DYheYbfXRp_PBUaPHhyphenhyphenvSpz2e5Vb-WIaKcKhfldZlLe8nuqnS2niYmdI4L60IaOk/s320/daily.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">Daily<br /></td></tr></tbody></table><br /><p><br /></p><p><br /></p><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5813905020357920983.post-50831723532704781372020-09-30T07:42:00.003-07:002020-09-30T07:42:37.116-07:009/30/2020 - AM Update <p>The market is confirming my wave iv for yesterday's post. So far looks like wave -iii of v playing out. </p><p> </p><p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8DqH88Ce5v1eUobdKDcv1GnCT1s7JOYpopTA8XBcXwQbpRi3v0j1pm4wiN01xJ98WwAmFU7fZDOA6dRj5MCIEJIv7m38qZY8wxzOpZUH6-S6IunU9xkTjT-INGlmISvpFH-Aj9YD3N4w/s1440/15.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="812" data-original-width="1440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8DqH88Ce5v1eUobdKDcv1GnCT1s7JOYpopTA8XBcXwQbpRi3v0j1pm4wiN01xJ98WwAmFU7fZDOA6dRj5MCIEJIv7m38qZY8wxzOpZUH6-S6IunU9xkTjT-INGlmISvpFH-Aj9YD3N4w/s320/15.png" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">15 Min <br /></td></tr></tbody></table><br /> <br /></p>Unknownnoreply@blogger.com