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

 

11 January 2025

The timing lines are gathered here, and the 5th wave target has been met.  The losses over the past few weeks could be a 4th wave correction or the beginning of a substantial market collapse. Either way it looks like the end of this bull market is very close at hand.  The bold yellow line is the top of wave 1. Breaking the top of wave 1 would be a confirmation.  Volume does not indicate to me that this downward move is over, but the price sits right on the bottom of the Andrews Pitchfork which would normally offer support.  I'm looking forward to next week for answers.