17 August 2024

 

It appears I counted this final wave too quickly.  It looks like we are in Wave 5 now.

30 April 2024

 Even though my target was hit, I think we are now in wave 4 and still have a wave 5 to complete. My target is now 5715 unless we break below 4800.

7 February 2024

It's still following this Andrews Pitchfork drawn over a month ago, It appears we are in wave 3 of the final wave 5.The Large Yellow target was drawn a long time ago and it appears to be in the right place.
 

17 January 2024

One more wave till it all comes to an end
 

21 December 2023

 My confidence is being tested. This could turn out to be wave B of 4, meaning that this market would still have some life left in it after a Wave C decline toward 4200.  But if you look at the count from 2009, an ABC 4th wave of 5 right here would make wave 4 out of proportion, and almost as long as waves 1,2 and 3..

So as shown below, I think today is Wave 4 of 3 of 5. If the 5th wave is similar to the distance wave 1 traveled, I'm looking for a high of wave 5 somewhere in the area of 5000 to 5800. Either way we appear to be close to a top.  What the market does on the way down will determine whether this is an ABC wave 4. or the 5 of 5 of 5 turning point. Starting in 2009 the count below shows the major wave

Starting in 2009 the count above shows the major wave count

27 November 2023

 

3 October 2023

 There should be support at 4200, but I think the long term trend is bearish.