7/31/2020 - EOD Update

All this chop and consolidation has made counting this a pain. The easiest thing for me was to just watch it and realize this was just trading in mini ranges as it stair-stepped higher.

I like this count below. So the question is are we wrapping up five waves for wave (1) of [5] or all of [5]. See the monthly below for bigger picture.

Here is the monthly below for the forest perspective

7/16/2020- Monthly

Here's an update to my long term chart

SPX - Monthly

7/16/2020 - Pre-Market

Sorry folks, been a while again, just busy with all the craziness. I have certainly been watching this market. I apologize for not updating the blog. The easiest thing during the past few months was the range SPX was trading in between 3232 - 2954.

I have cleaned up my 60 Min chart to simplify the count(s). My initial counts were a little early as far as printing five waves up off the March low.

After breaking through 3000 in early June and consolidating thereafter, I was watching the consolidation period as either a wave 4, my primary, or wave x.

I'll try to post my weekly later this week/weekend for bigger context. GL!

Maybe today's dip is the wave e of an ascending triangle or wave c of 4 needs a deeper retrace.

SPX - 60 Min

5/26/2020 - EOD Update

Looks like the market had a few more squiggles to go and as I suggested on Mon 5/18, I suspected maybe the market hits 3k first. For da bulls, if today's pop finalized wave 1 of (3) of (5), we should look for that wave 2 to be bought.

For da bears out there this shows a completed zigzag.

The battle is now at 3k. We'll see. 

SPX - 60 Min