8/2/2024 - NQ Update

I didn't count the squiggles for wave 1 of (3), but clearly it wasn't done working it's way down yet along with the alternate bearish count. I made a slight adjustment to the WXY alternate count. Zoomed in there is a triangle that formed all day, that may be indicative of a wave 4 to complete wave 1 of (2) or wave c of (Y).

Zoomed in view of the triangle. So let's see what the market brings next week/overnight Sunday. Will there be a flush to 18300s to complete the head and shoulders pattern near a fairly strong support level?

8/1/2024 - NQ Update

 Been a while since I posted counts. I wanted to share the count for the Nasdaq 100 futures (/NQ) because it looks pretty bearish. 

The counts, primary and alternate, look bearish. Wave 1 of (3) could be complete near the 18950 support area. If so, a wave 2 of (3) bounce may target 19275-19280, which is a 50% retracement. 

/NQ (Nasdaq futures)

The QQQ counts the same. 

QQQ

5/23/2023 - BTC Update

Since my last post I was anticipating a wave [B] bounce. So far looks like wave (a) of [B] has played out. 

Wave (b) of [B] in progress. Once (b) is complete, we should anticipate a rally for wave (c) to complete the wave [B] bounce. A 50% retracement of [A] targets ~41-42k.

Daily

 

12/22/2022 - BTC Update

 I can't believe it has been almost a year since my last post. Hopefully I will find more time one day to post regularly again. 

So here is the latest count on BTC. Since my last post, my primary count indicated five waves were complete for wave [5] of {{1}}. With the pullback from the all time high, I counted five waves down to form wave (1). 

In the past year, BTC continued its decline in another five wave fashion [ (1)-(2)-(3)-(4)-(5) ] of higher degree to form what I have labeled as wave [A] for the primary count. If wave [A] is complete, we should anticipate a wave [B] bounce somewhere near the 27k-30k range. 

The alternate is that either wave [A] may have some more wiggle room below or a larger degree "w-x-y" corrective is playing out. I am not considering the latter so much at the moment unless I see seven waves down.