11/27/19 - EOD Update

Since my last post a month ago, I mentioned that the more bullish nested 1-2 i-ii option had the potential to play out with the market grinding higher and so far that seems to be the case. I made some slight adjustments to the alternative counts.

Primary until the market tells otherwise is that wave (iii) of 5 of (5) is playing out. The bearish alternate is a much larger expanded flat in the works playing out wave b before a leg c wave down to follow.

Happy Thanksgiving.

Daily

10/26/19 - S&P Update , GOOG

Not much to update here other than the bullish potential setting up as the market continues to grind higher. Option 2 and/or the expanding triangle previously posted is not off the table but the bulls have certainly made a case for their potentially bullish nested i-ii (i)(ii) option I introduced on 8/6 and the ascending triangle pattern playing out.

S&P Daily

GOOG likes the triangle too.

GOOG Weekly

8/6/19- EOD Update

Since my last post on 7/20, I mentioned that we should pay attention to option 2 should support at 2954 fail. The ED option is still viable with the recent breakdown considered a throw-under, which would result in one final push up in a throw-over. The other bullish option is the nested 1-ii (i)-(ii). The invalidation point for ED or the nested i-ii option is highlighted at 2728.81.

Daily

However, the expanding triangle I have now included as option 3 may support option 2, which implies further downside to come. 

All this volatility as of late would fit perfect into this back-n-forth wave action. The next couple sessions will be telling.

Place your bets.

7/30/19 - EOD Update

So far respecting that upper trendline on the diagonal. But also found initial support on the backtest of the 2954 level previously mentioned.

SPX - Daily