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&…
Tag Archive for Wave Iv
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, INDU, NDX Updates: Trying to Make Sense of the Mess
by Pretzel Logic • • 0 Comments
The charts are an absolute disaster right now. I’ve looked at roughly 20 million charts this weekend, but there are so many possibilities, it simply becomes confusing to try and cover them all. This update was a whole lotta work for very li…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: A Dangerous Position for Both Sides of the Trade
by Pretzel Logic • • 0 Comments
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 …
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, RUT, NYA Updates with Bonus! Silver Chart: What Happens Next is Likely to Determine the Trend for Several Weeks
by Pretzel Logic • • 0 Comments
Friday provided a new low, but it wasn’t really the “type” of new low I was looking for — it was too shallow. So there are still several options open. As I stated on March 16, when I suggested a turn was coming, the bigger question is…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, RUT, and CVX Updates: We’re Experiencing a Temporary Shortage of Creative Article Titles… Please Stand By
by Pretzel Logic • • 0 Comments
The market did very little on Wednesday, which is actually a somewhat encouraging sign for bears. To some degree, one can gauge who’s in control by simply looking at which price direction the market is stug…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX and RUT Update: Not Much to Add
by Pretzel Logic • • 2 Comments
Some days you look at 30 charts and still conclude there’s just not much to add. Today is one of those days — for a more broad overview, please see yesterday’s article.
Both potential short-term counts were expecting a turn, and tha…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: That About Sums It Up…
by Pretzel Logic • • 0 Comments
Well, yesterday cleared up the counts quite nicely. The bullish trade trigger at 1374 elected and from there, the market pretty much traded straight up with zero drawdown. That trigger targets 1408.
We now have solid confirmati…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, Dow, and USD Updates: Signals Still Conflicted
by Pretzel Logic • • 0 Comments
There are a number of conflicting signals and potentials, and trying to assimilate all of them into an overarching market plan is a bit challenging at the moment.
On Friday, just about everything across markets was up: equities, the Dollar,…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: Market Not Doing Anyone Any Favors
by Pretzel Logic • • 0 Comments
Yesterday, the preferred count expected a bounce, which we got. Problem as I’m writing this is that ES futures are up about 9-10 points.
As I mentioned in the body of the article yesterday, the wave iv target could run all the way up…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX and NYA Updates: No Holy Grail Just Yet
by Pretzel Logic • • 0 Comments
Yesterday went as well as a day can for numerous targets… and while it’s still a bit tricky for the bigger picture, the very short-term charts seem fairly straighforward. I’m going to lead with the short term chart, which ex…
