Friday, January 22, 2021

1/22/2021 - EOD Update

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). 

SPX - Daily

Thursday, December 31, 2020

12/31/2020 - EOD Update

Good riddance 2020.

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.

SPX Daily

And a look at the long term monthly chart to cap the year end. 

SPX Monthly

Hope everyone has a safe and Happy New Year!

Wednesday, December 2, 2020

12/2/2020 - EOD Update

Sorry. Not much to add other than the market confirming the wave (2) flat. 



Thursday, October 29, 2020

10/29/2020 - EOD Update

Been a little side tracked. Not too much to add other than a little clean up on the counts. Since my post on 10/12/2020, I laid out two options and I wrote:


1. Wave 1 of (3) of five will complete all five subwaves i-ii-iii-iv-v

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.

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].

SPX - 60 Min