Elliott Market Waves: 04/01/2013

Tuesday, April 30, 2013

At this point the waves, at short term, aren't clear but the triagle is still possible or wave 4 finished at 1538. The next sessions will clarify this. Good trade to all.

Friday, April 26, 2013

Wednesday, April 24, 2013

Still following this count... At short term the waves to upside are messy and seems corretive so I expect some triangle is underway. Below the 1536 alternative count is underway. Good trades to all.

Friday, April 19, 2013

Possible wedge underway...

I still have doubts in the short and medium term counts. However today action left me a little more bullish since the downside pattern seems a double or triple zig zag. To invalidate this movement the bears should have more strength. Happy trades.

spx update

Wednesday, April 17, 2013

Several counts posssible at medium term! At this point I'm still neutral.

EDIT:
Possible count at short term:

spx update

Thursday, April 11, 2013

5 waves are almost completed since de 1538. Next pullback will be very important to validate or find another alternative count at medium term. Good trades to all.

spx update

Wednesday, April 10, 2013

The bulls are (again) in control and SPX since 1538 made clear 5 waves to the upside. So I will expect a small pulback and a new rally which may finish at 16xx's. I must update the long and medium term count but will be very difficult to do it this week. Good trades to all.

EDIT: The easily way to count the short term is extending the wave 5 of c of C of D from my long term count.

spx update

Tuesday, April 9, 2013

spx update

Monday, April 8, 2013

Still believe the top at medium term was made last week. Despite my doubts in the waves at short, I decide to post 3 options which could explain the movement of last Friday. Good trades to all.

spx intraday update

Friday, April 5, 2013

Quick update....two options for this wave 3.

spx update

Seems SPX is labeling a double zig zag after the yesterday selloff. This wave 2 may have already completed but I am convinced that when finished there will be a huge selloff.

At long term my primary count suggest SPX is under wave D.

Good trades to all.

EDIT:
Last chart of the day! The ending diagonal at medium term and the ending diagonal finished this week looks very similar!

SPX intraday update

Wednesday, April 3, 2013

Today action suggest the top were made yesterday. Let's see if the bears made 5 waves to the downside. Good trades to all!

P.S. Special thanks to my friend Carlos for giving me the chart.