The news today seems again to encourage the bulls and squeeze the bears.
Got out of my short position and stay on the sideline for now:-i
Hi MitchWorse, While I cannot exclude the likelihood of your label version, I still think the 5-wave label on my chart fit the E-wave pattern...
I think there's not much clean E-waves going on since March last year. So it's hard even for the E-wave gurus to predict the market under the...
Agree that Dec. 1 is the date to watch for the current short-term cycle movement. Let's see how the market moves.
Thanks Landis. Do you mean they already saw the top of the current wave (on Nov. 16~18) and believed corrective wave is underway now? Itâs good...
Are we at the end of wave-3 or the end of wave-C on the weekly chart? If so, the next price move (wave-4 or wave-1) should be down anyway....
Hi ed, Here's the chart. The recent short-term tops are in symmetrical cycles. Since the tops are not sharp-turn top, so you may get Nov.16 or...
My cycle chart suggests the SPX made the high two days ago for the current cycle. Price should go lower in the following days. If the market...
The tentative channel line
This line may offer some support
Now I see what you mean, thanks.
Hi Mu, Interesting two extreme predictions from Prechter and Neely :) >>Today low went below August's high so it could not be wave one<< Which...
Bad economic numbers are believed to be the cause pushing the market down today. Tomorrow is the Nonfarm report day; more volatile moves can be...
In fact, the futures price fluctuation in the morning are typically caused by the economic data reports (this morning was the unemployment number...
Daily SPX touched the P-line today. Price also made a pretty big intraday head-fake and down by 9 point at the close. Time to be cautious. If...
For the longer-term direction, I guess many Elliotters are perhaps staring the SP-500 weekly chart and debating whether itâs moving in a-b-c or...
SPX time cycles
The Parallel lines and the resistance on SPX daily chart
Mind you, there are a lot of scams and manipulations in stock and futures markets too. Hope you donât close out your stock account in big...
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