28 June 2025

 I thought the large dip labeled Wave 4 in April 2025 was a Wave 1 but it's become clear that it was a Wave 4. It appears to me that Wave 5 is nearly complete. If I'm right we should see a significant drop very soon.

1 May 2025

 

6 May 2025

 If I'm right this Wave 2 upward correction should finish within the next day or two.  Look at previous posts to see a wider count.

25 April 2025

 I might be wrong, but this sure does look like a classic Elliot Wave correction.  The yellow line is the bottom of an Andrews Pitchfork originating on 3/23/2020.  The solid Blue line is a trendline originating from the peak of 6166.5 on 2/19/2025. If my count is correct we are about to finish wave 2 and begin wave 3.

While there is heavy at support 4600 I believe Wave 3 could end more than 1000 points lower than that.

24 April 2025

If I'm right, wave 2 is about to complete, then wave (3) should kick in and take the market to below 4600

18 April 2025

 A short pause before 3 of 3.

20 March 2025