Thursday January 10 2019

Some what unusual but I believe an impulse wave 1 can be a 3-3-3-3-3.  In which case this channel is indicating one more wave down in the very near future.

7 December 2018

The lack of interest here has left me less willing to share my analysis, although I have been sharing on Facebook. But considering the move I believe we are about to experience I thought I would document what I'm seeing in the charts.
I have muted the color of Minuette (ii) because it may SubMinuette (A) in which case we would still be looking for  SubMinuette (B) and SubMinuette (C). Probably creating a Flat ABC for Minuette (ii) ending in about a week from now.
The important thing to notice is the convergence of the Andrews Pitchforks from 1933, and 2009 with the Fibonacci projections of
Minute (iii) =  Minute(i)
 and
Minuette (iii) = 1.38% of Minuette(i)
Indicating a swift decent to the bottom of the Green Andrew Pitchfork (near 2450)
My technique of finding turning points via triangle apexes has been working out quite well. Right now I see a date either side of Christmas and the end of January of beginning or February as likely turning points. Which direction is not indicated, just a likely time of reversal.
Once we break below 2620 a mildly devastating Wave iii should begin. Yes I did say mildly devastating.  This is only the beginning.

12 October 2018

12 July 2018

SPX Bullish Scenario

A Bullish Scenario

A Bearish Scenario. 

29 June 2018

As mentioned on my 21 June post, I expect 2 July to be a day of interest.  Marked by the green vertical line.  It appears that this is a Wave [2] correction.  So I'm not concerned with a wave 1 wave 4 overlap. 

This is an approximation of what can be expected over the next few years as the Cycle Wave a continues to unfold.

The Bullish count shown below also looks very likely so I'm still leaving my mind open to a bullish count.  There are small discrepancies in the Bearish count.  I like the way each wave of the wedge can be counted in three waves.  Hopefully next week will finally resolve the question of Bull or Bear. Wave E does not have to complete the wedge so look for a final three count for Wave E.  It will probably fit inside the white Andrews Pitchfork.

25 June 2018

Looks like the bears have finally taken control.  I'll continue to look for a bullish scenario, but so far I'm at a loss to find a way to make a bullish count.

21 June 2018

I'm still leaning toward the bullish count

Wave C should terminate Wave (iv) at about 2738.
I then expect Wave v to terminate near 2888 on July 2 2018.
If the bottom drops out then the Bears were right, but either way something must happen very soon to resolve this trading range.