Monday update

The SPX remains consolidating in a large degree wave, we main a large triangle.  Currently we are down $11.15 at the $2707.22 level. I just return after being very sick.                          

Tuesday after the close

The SPX ended up with a positive day, up $5.94 at the $2723.01 level. The count does suggests that we could be looking at consolidation for a couple more months!!

Tuesday update

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The SPX opened gap up this morning and quickly filled the gap, currently we are trading up now $4.31 at the $2721.38 level. Yesterday's price action really put the damper on the 5th wave up.

Monday update

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The SPX opened gap down this morning and has just keep moving lower, we are currently down at the lows of the day, $45.62 at the $2709.68 level. Odds of a 5th wave have really dropped now!!

Friday after the close

We had another bullish day but most of the day we were stuck in consolidation. We finished the day up $5.09 at the $2754.85 level. No lower lows of higher highs were made today.

We had our second day closing below support of the 20 day MA. Indicators remain mixed.

Friday update

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The SPX opened gap this morning and so far has not filled the gap. Currently we are trading higher by $11.74 at the $2761.50 level. It would be nice to see a breakout as we have been trading within this range for the better part of this year.

Thursday after the close

The SPX had another bad day today losing $17.56 finishing at the $2749.76 level. We came really close to making a lower low. We need to break out of this pattern on corrections once again.

We finally got a close below the 20 day MA, all indicators remain on full sells.

Thursday update

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The SPX opened gap this morning and quickly filled the gap and kept moving lower, currently we are down $14.77 at the $2752.55 level. We are still above the 1st wave high.

Wednesday after the close

We did make a higher high today as we closed up $4.73 at the $2767.32 level. We still have not over-lapped the 1st wave high.

Today the price action never tried testing the 20 day MA, indicators are starting to get mixed.

Wednesday update

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The SPX opened gap this morning for a change, the gap does remain unfilled so far as the SPX is currently in the green, up $8.60 at the $2771.19 level. So far we still have not made a higher high.

Tuesday after the close

The SPX came very close to over-lapping the 1st wave high which would force us to change the count to be more bearish or for consolidation for longer-time. We finished the day down $11.18 at the $2762.57 level.

The daily chart is still showing indicator's in full sells and we did breach the 20 day MA during trading but managed to close above it.

Tuesday update

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The SPX opened gap down and made another lower low and is getting close to over-lapping the 1st wave. Currently we are trading down by $17.85 at the $2755.90 level.

Monday after the close

The day ended bearish once again as we closed lower by $5.79 at the $2773.87 level. We did make a lower low today.

We are getting very close to hitting support of the 20 day MA, all indicators are on full sells!!

Monday update

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The SPX opened gap down and made a lower low before bouncing higher, we currently are still down $10.69 at the $2768.97 level. This mornings gap remains open.

Friday after the close

The markets bounced around some this morning but by the close were close to breaking even, down only $3.06 at the $2779.43. This consolidation could be a 4th wave because of it's structure which is moving sideways.

Indicators are now very close to going bearish. The price action remains above support of the 20 day MA and resistance of the upper Bollinger bands

Friday update

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The SPX opened gap down for a change this morning hitting the $2761.73 level before bouncing higher. Currently we are still down $11.22 at the $2771.27 level. If we go down much further than odds for a 5th wave start dropping.

Thursday after the close

A really boring day as we consolidated all day long, closing up $6.86 at the $2782.49 level. No changes at all in the charts.

Thursday update

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The SPX opened gap up once again this morning, but we are currently consolidating. The SPX is up $8.10 at the $2783.73 level as we continue to trade sideways.

Wednesday after the close

The SPX spent the early part of trading in the green then went into the red after the FED meeting, closing down $11.22 at the $2775.63 level.

Indicators are trying to roll over to fresh sells.

Wednesday update

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The SPX opened gap up once again but quickly filled the gap. Currently we are trading higher by $3.84 at the $2790.69 level as we continue to stair-step higher towards making a new all-time high.