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:

Either: 

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

10/13/2020 - EOD Update

 Wave iv or -iv is tracing out. Would be a little quick if it is considered complete so will keep an eye out for some sideways chop here.

15 Min

10/12/2020 - EOD Update

 Wave iii kept extending. Very possible it completed on today's high with wave iv beginning with the pullback today. The alternate is that wave -iii is not quite complete yet.

15 Min

Getting close to the all time high. So we now have to keep an eye out for the two best options. 

Either: 

 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.

60 Min

10/9/2020 - EOD Update

 Looks like we still have the continuation of my wave iii. 

15 Min

60 Min 

10/8/2020 - EOD Update

Not much to add. The primary count, as posted the other day, is still intact. A wave iii was expected for the primary and so far it appears to be playing out, albeit in a wedgie looking pattern. The alternate posted the day is now invalidated. 

The new alternate option is a potential leading diagonal wave, which would accommodate the wedgie look, may be in play as highlighted by the orange count below on the 15 min chart. If this is a leading diagonal, wave v cannot exceed 3462.73, otherwise it will be longer than wave iii, which would be a rule violation.

The inverted head and shoulders pattern continues to play out. I now have two areas for the neckline. They essentially imply the general target area near 3600.

15 Min

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10/4/2020 - Update

Obviously the president's COVID-19 infection spooked the market. SMH at the hypocrisy and lack of transparency playing out.

Not too much change to the count options recently presented. The triangle I was tracking has failed, however there is still room for a larger triangle. 

At the moment here are the counts:

Primary: Wave ii completed with a wave iii higher in store. This is invalidated with the break of 3323.69

Alternate: Wave ii is forming a larger flat with wave c of ii to come below. Wave c of ii = wave a of ii at approximately 3290. This option continues to build on the inverted head and shoulders pattern and would result in a more symmetric right shoulder. 

15 Min

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10/1/2020 - EOD Update

 Looks like the market is triangulating up top here. So either my wave ii is playing out some sideways combo corrective or this is some type of wave 4 that I am missing. Either way, this is implying a possible move higher. 

Daily MACD buy signal triggered today. 

15 Min

Bigger picture all this could be setting up a larger wave (2) flat. We'll know more if 3588 caps the move and the wave structure looks like a three wave affair. 

60 Min