Yesterday’s rally exceeded my target zone by 2 points, and has necessitated a slight shift in the wave degrees. The rally was probably a bit too large to be blue wave (4), and has thus indicated that it is most likely the higher degree&…
This market remains a mess, though perhaps some semblance of order is beginning to emerge from the chaos. Way back on Friday the 13th, I suggested that the market would form some type of “double retracement” due to the extended fifth wave. …
I’ve been trying to reconcile the counts across market, and may have found a solution tonight. Each market gives a bit different appearance, and readers know I’ve referred back to RUT several times, which argues that the next low (assuming …
As I’m certain some of you read in the comments section, there was a death in my family yesterday, so I’m going to need to keep a bit lighter schedule through the remainder of the week. My thanks to those of you who have expressed …
Yesterday’s action removed some short term options from the table, but has still left the pattern open to interpretation. It appears that I had Friday’s decline labeled properly as an impulse wave, but that doesn’t tell us with certainty whether …
Yesterday the market reached the 1384 upside target — and it also ruled out some possibilities, which is actually quite helpful. In fact, yesterday’s charts are chock-full of new information I didn’t have before – …
Yesterday performed perfectly in accordance with the expectations of the preferred count, which needed the market to show some upwards momentum. That’s exactly what we got, and it’s always tempting to be lulled into a sense of complacency when th…
I hate “lazy” charting, and I think it’s important to constantly challenge one’s assumptions. During yesterday’s session, I began considering the possibility that my initial labeling of the smallish correction back on March 12 as a 4th wave&…
Yesterday was the type of day technicians dread, because literally nothing happened. What possible new insights could anyone have after a day like yesterday?
So I’ve decided we’re going to play a game called Quien Es Mas Macho? Sorry, bad …
Yesterday’s upward reversal gave the decline off 1378 the look of a three-wave correction, so unless it’s part of an expanded flat or similar, this pattern is suggestive of higher prices.
Interpreting this market with any confidence r…
