12/21/16 - EOD Update; SPX and TSLA

Still not much to add with the SPX ED. If the purple one is in play, wave 5 has thrown-over. If the blue ED is in play, wave iii is nearing the upper trendline. Something to note is the fact that the subwaves for wave 5 or iii looks impulsive at the moment. Subwaves within EDs are three wave structures so this may imply a little dip first and then one more leg higher.

SPX - Daily

 I don't post counts on individual shares often, but I've been watching TSLA and the bounce off double bottom sure looks impulsive.

TSLA - 60 Min

12/15/16 - EOD Update

The SPX finally hit the upper trendline of the ending diagonal and has since retreated slightly from that line. The question now is does this complete the ending diagonal or is it just the completion of wave iii of the alternate count, which implies a larger ED in the works.

Daily

Daily - Close Up

12/9/16 - EOD Update

Still climbing towards the upper trend line. Note the slight adjustment I made to the wave labels on the Daily for the ending diagonal. It lines up with the longer term Weekly chart.

Daily

Weekly

12/7/16 - EOD Update

Not much to add. Just a reminder, wave (v) = .618*(i) at 2269 and equals (i) at 2285.

Daily