10/24/18 - EOD Update

Been a while. "Life" has gotten in the way and honestly the market over the last several months since my last post was just churning in a wave iv.

I think after breaking out in July this year, it finally looks like wave 3 may have completed. What the market may be doing at the moment is forming wave 4. What form will wave 4 take, i.e. flat, triangle, combo corrective? We shall see.

2520 would be a 38% retracement of wave 3 and bring wave 4 down near the lower levels of wave iv's previous triangle. We'll see if the market is shooting for this level.

SPX - Daily

4/17/18 - Update

No change since the last post other than at today's open, the SPX will be gapping back over the 50 day SMA. This will add to the case for the triangle option. We shall see what happens at the upper trend line of the triangle. Keeping an eye out for either wave d next or the beginnings of wave v.

SPX - Daily

3/26/18 - EOD Update

Been a while since my last update. Since my last post, I speculated that if wave 5 of (iii) ended, I would expect the market to trend sideways, which it appears to be doing as a triangle. We'll see if this holds. Price has slightly breached the channel.

SPX - Daily

EOD Update - 1/22/18

The Energizer market. The SPX has now passed through the mid-point of it's channel.

Will it continue to stair-step higher towards the upper end of the channel or finally wrap up wave 5 or (iii) green. If wave 5 (iii) ends around here, I would expect the market to trend sideways across the channel to complete wave (iv) green or iv blue just like (iv) of 3 green last March - June 2017.

Daily - SPX

1/8/2018 - EOD Update

Happy New Year. I don't really have much to add here.

The wave structure continues to climb within the rising channel.  Perhaps buy the wave 4 dips?

I'm still looking for the of either wave 5 (green) of iii (blue) or (iii) of 5 (green) of iii (blue).

SPX - Daily