Elliott Market Waves

Tuesday, April 9, 2013

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.

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!

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.

spx update

My primary count still in play.

SPX may have completed the ending diagonal but seems more appropriate to consider that there is still missing one last wave to finish the pattern.

Potential top will be between 1575-1580. Above 1580 I will consider another options to this last wave 5. Use stop loss and good trades to all.

Tuesday, April 2, 2013

At this point everthing is possible but I still prefer my primary count. Good trades.

Thursday, March 28, 2013

Primary count still in play.

SPX update (alternative count)

Nothing changed since my last update but today I choose to show my alternative count!

Actually seems this last wave (if is still in play) will be with choppy following an ending diagobal pattern. So the odds suggests that this pattern will be finished bettween 1560 and 1570. Good trades.