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