Wednesday, February 12, 2020

2/12/2020 - EOD Update

Still not much to add other than tracking the end of wave (iii) and iii.

SPX - Daily

Look at the weekly chart. That trend still looks solid and if the SPX is aiming for the upper end of the channel, that's around 3,600.


Friday, December 20, 2019

12/20/19 - EOD Update

Not much to add since the last post. Primary count still in play. Just added a projection should wave (iii) extend 1.618x wave (i).


Wednesday, November 27, 2019

11/27/19 - EOD Update

Since my last post a month ago, I mentioned that the more bullish nested 1-2 i-ii option had the potential to play out with the market grinding higher and so far that seems to be the case. I made some slight adjustments to the alternative counts.

Primary until the market tells otherwise is that wave (iii) of 5 of (5) is playing out. The bearish alternate is a much larger expanded flat in the works playing out wave b before a leg c wave down to follow.

Happy Thanksgiving.


Saturday, October 26, 2019

10/26/19 - S&P Update , GOOG

Not much to update here other than the bullish potential setting up as the market continues to grind higher. Option 2 and/or the expanding triangle previously posted is not off the table but the bulls have certainly made a case for their potentially bullish nested i-ii (i)(ii) option I introduced on 8/6 and the ascending triangle pattern playing out.

S&P Daily
GOOG likes the triangle too.

GOOG Weekly