Wednesday, March 15, 2017

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.


SPX - Daily
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.

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.


Daily - SPX
 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.

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.
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.

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.

TSLA - 60 Min