Blog Archive

Friday, October 12, 2018

12 October 2018

Thursday, July 12, 2018

12 July 2018

SPX Bullish Scenario
A Bullish Scenario
A Bearish Scenario. 

Friday, June 29, 2018

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.

Monday, June 25, 2018

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.

Thursday, June 21, 2018

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.

Wednesday, June 20, 2018

20 June 2018

Keeping an open mind.  Below is a bearish count. 

Friday, June 15, 2018

15 June 2018

This could still be a bearish correction, but I'm leaning toward a bullish fifth wave

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