Tag Archives: spx

Thursday Update

Gold triggered another sell/short Alert today. Otherwise, all indexes we cover are on long/buy Alphahorn Swing Signals. Both the ultra-bullish wave count shown up top and the more mature count below it call for a good deal of upside before … Continue reading

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Near Term Swing Top at Hand: Will the drop be 400-600 points or 1,000+ for the SPX? Which count, if either,do you prefer?

Vote here: View Poll View Poll I’ve been favoring two potential Elliott Wave Counts for the SPY/SPX. The count shown on the SPY chart below is calling for a more modest pullback. This count presumes intermediate waves (1) and (2) are already … Continue reading

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MSTR Trade Set-up

Like TSLA, MSTR has seen a deep retracement. Also, like TSLA, MSTR has a nice long set-up where the pullback is a perfect abc where a=c in length.

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TSLA Trade Set-up

TSLA has been taken behind the wood shed; but, a possible long trade set-up is available. This pullback clearly looks corrective. And, it appears to be a perfect W,X,Y,X,Z move down. W and Y were of equal length. Now, Z … Continue reading

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Year End Review Part II: Up 57.4%, ~$879,000

NOTE: A NEW PASSWORD WAS SENT OUT FOR JANUARY 2024, please check your emails and let me know if you didn’t receive it.  Happy New Year to all my subscribers and to any who might be considering subscribing. For those … Continue reading

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Weekend Update Part 1: Quick view of Bitcoin and Ethereum updated wave counts

Most traders have been frustrated with the sideways choppy action that both Bitcoin and Ethereum have been experiencing over the past six months now. But this is just the type of market that I took advantage of to build my … Continue reading

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A quick look at the close correlation between the Nasdaq and Bitcoin. What’s next for the risk trade?

It has been widely discussed that Bitcoin has a close correlation to the Nasdaq. At this stage of its market acceptance, BTC is viewed by many institutions as a risk on asset and they trade it accordingly. Although, it is … Continue reading

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OH NO, IS THE BITCOIN SKY FALLING AGAIN??????!!! IN A WORD – NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Time will tell whether or not I’ve been the lone technical analyst to have called the BItcoin bottom immediately when it occurred, or am I just a foolish, overly bullish Elliott Wave technician who blindly missed other technical details that … Continue reading

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Thanksgiving Update Part 2: The SPX

I believe we have reached a key inflection point for the major equity indexes. There has been a tremendous recovery since the Spring sell-off. The markets have reached over bought levels and a much needed pullback should be seen in … Continue reading

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Happy Thanksgiving! Mega Chart Day Update 1 – The Nasdaq

I’ve been up since about 3:30 looking at charts and doing a deep dive and here’s what I’ve found. I’m starting with a look at the way over bought Nasdaq. I have two wave count options for the Nasdaq. Both … Continue reading

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