4/29/2020- AM Update

Let's see if (5) is complete or more to go.

SPX - 60 Min

4/28/2020 - AM Update

2844.90 is the level to watch.

Options:

1. Wave iv of (5) underway.
2. Violate 2844.90 and more than likely wave (5) is complete out of the triangle option presented.

4/24/2020 - AM Update

I had more time to look at the squiggles and this makes more sense at the moment.

The Primary count has wave (5) playing out.
Secondary is wave (4) is not complete yet and may form either a triangle or flat.
Tertiary count is a double zigzag -a-b-c-x-a-b-c, with wave x working out right now, which is in line with the wave (4) option. 

SPX - 60 Min

4/23/2020 - AM Update

A slight update to the count. I removed the bullish nested 1-2 count for (iii).

This works as five waves up in progress or the a-b-c bounce has completed. The orange count invalidates with a push above 2879.22.

SPX - 60 Min

4/17/2020- EOD Update

Five or three waves up? I guess we'll see soon.

Pretty simple from an EW perspective. If you believe there are only three waves up so far, a break down of 2637.01 (4-1 overlap) and ultimately 2447.49 (wave 2 overlap of 1) will validate that option. Until then, let's see what happens.

SPX

DJI

ES

DJI and E-mini S&P

These counts look like a cleaner five wave structure off the March lows.

DJI - 15 Min

ES - 60 Min

The mini triangle for wave iv of 5 on ES projects to approximately 2905.

4/16/2020 - EOD Update

The bulls and bears battled today to form what should be the end of wave (iv) or ii of (iii).

S&P mini futures up over 70 points as of this writing so we can easily assume wave (v) or iii of (iii) to come.

Not sure how wave c plays out at the moment based on the squiggle count. Not going to worry about that at the moment since all options were looking for a move higher.

This third leg higher is equal to the first leg at 2894.

SPX - 60 Min

The daily below

SPX - Daily

4/15/2020 - EOD Update

An update on the squiggles. There are a few options.

1. The five-wave structure (i)-(ii)-(iii)-(iv)-(v) complete or is still trying to complete (v)?
2. The a-b-c (orange) completed
3. 1-2, i -ii of (iii) in the works.

SPX - 60 Min

4/12/2020

Not much to add. Watching for the completion of wave (3) per the primary count. Watching 2756.89 from a micro-level to indicate whether wave (3) is still playing out or complete.

After that I'll be watching 2637.01, the top of wave (1) in the daily chart below, for the invalidation point if this was only a three-wave bounce.

A more bullish count has Friday's high as the completion of wave 1 of (3). That invalidates with a break down below 2447.49.

Daily

Weekly

 Just a channel and some levels of interest. This channel uses the 4/19/10 and 2/14/11 for the upper trendline and the 3/09 low for the lower trendline to define the channel.

Weekly

4/8/2020 - EOD Update

After yesterday's reversal, the bulls came back to play for a little bit or squeezed the bears a tad to push wave (3) or (c) towards the 50% retracement level of the COVID-19 decline.

Waves (3) or (c) = (1) or (a) at 2891, which is just shy of the 62% retracement level and the 50 day moving average is sloping down at this level as well. We'll see if this is a target over the next few sessions.

SPX - Daily

4/6/2020 - EOD Update

Looks like we got confirmation of the start of wave (x) or (3) since last week's post.
Primary count in blue. Orange count is the alternate.

5 Min

Daily

Weekly

4/2/2020 - AM Update

Let's see if this is the start of (x) or (3). Some projections.

SPX - 60 Min

4/1/2020 - Intraday Update

10 mins til close. Maybe the end of wave (2) or (x).

SPX - 60 Min