No changes from Friday’s action as the Alphahorn Swing System remains on long/buy signals across the board. The SPX has traced out 7 waves off its recent low and we are looking for 9 waves to complete this impulsive move up. Hopefully, the ninth wave will bring a new high on or before the 31st as I’ll be looking to move to cash before Wednesday’s close to close out this year.
The 30 min chart shows the favorite counts: the nearer term top that primary wave [3] is tracing out five minor waves to complete its final leg – intermediate wave (5), this could either come as 5 traditional waves or as an ending diagonal; and the probably more delayed top as we’re witnessing a primary wave and thus five intermediate waves to complete this bull market and primary wave [5]. Either way as I noted above, we should see a slight new high over the next few days, but I wouldn’t expect anything too dramatic this week.
The daily SPX shows my favorite count that primary wave [3] is looking to complete its final leg. The burgundy channel has contained primary wave [3] since it began. 
Here are the big picture views of the major equity indexes, most are running up against some pretty nice resistance:
Dow:
Nasdaq:
Russell:
