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| SPX - Daily |
Tuesday, November 28, 2017
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.
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| 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.
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.
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.
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| SPX - Daily |
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| BAC - Daily |
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| 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.
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| 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.
Wave (iv) target zone is approximately 2540 on the high end to 2515 on the low end. We'll see.
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| 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.
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.
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| 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.
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| BAC- Daily |
Wednesday, September 20, 2017
9/20/17 - EOD Update
Been watching wave (iii) of 5 play out since confirmation on 9/11.
Bank of America may finally be working on it's wave 5. Target range between 26-29.
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| SPX - Daily |
Bank of America may finally be working on it's wave 5. Target range between 26-29.
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| BAC - Daily |
Monday, September 11, 2017
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".
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| SPX - Daily |
Monday, August 21, 2017
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).
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).
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| 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.
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| 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).
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| 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.
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| 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.
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.
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| SPX - Daily |
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| SPX - Daily - Close Up |
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| 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.
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.
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| SPX - Daily |
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| 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.
Daily MACD on SPX is just about to cross up so potential for a break out sooner rather than later.
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| SPX - Daily |
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| 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.
Bank of America appears to be working on a wave (4) as well, granted a H/S pattern developing could also be argued.
The SPX shows a potential flat in progress for wave (iv) green or wave 4 green in progress.
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| SPX - Daily |
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| BAC - Daily |
Tuesday, May 2, 2017
5/2/17 - EOD Update
Not much to add.
Looks like wave 4 of (v) green of 3 green is now triangulating too.
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| Daily - SPX |
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| 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.
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| SPX - Daily |
Monday, April 17, 2017
4/17/17 - EOD Update
SPX still triangulating.
TSLA may be working on wave -iv.
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| SPX - Daily |
TSLA may be working on wave -iv.
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| 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.
TSLA took the most bullish route since my last post on this (3/27/17).
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| 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.
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| 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.
TSLA still has a pair of bearish options and one bullish option.
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| SPX - Daily |
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| 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.
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| Daily - SPX |
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| 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.
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| TSLA - 60 Min |
My previous BAC count has been adjusted with the completion of wave (3). The assumption is that wave (4) is underway.
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| 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).
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.
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.
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| SPX - Daily |
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| 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.
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| 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.
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.
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| SPX - Daily |
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| 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.
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.
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| Daily - SPX |
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| 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.
If wave v of 3 = i, then wave 3 will complete at 26.74.
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| 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.
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.
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| 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.
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| TSLA - 60 Min |
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