Was that 5 of 1 of 3 on SPX , 5 of 3 ? Looks topped out, wave 2 or 4 next.
Posted 12 June 2018 - 11:08 AM
The SPX is in wave-iii:v... I see wave-iii terminating at the ~3000 level, then a wave-iv, then wave-v to take it to the ~3600 level.
I pointed out the bullish flag last evening that should lead up to the 2825 level... I'm not sure wave-ii is complete yet and may be a running wave-ii, which will push the red ii upwards... time will tell.
Link to chart: https://postimg.cc/image/ec0fx3cvb/
Link to chart: https://postimg.cc/image/5487ga37b/
Posted 12 June 2018 - 04:27 PM
Yes, I was talking about the red 1 wave, I saw the 5 of 1 wave with divergence, I thought 2 would have given more back. Probably is a running correction. I thought about shorting the open but the internals opened ok.
Posted 13 June 2018 - 06:19 AM
Here's an alternate count I'm watching...
FOMC could trigger another thrust upward.. twt.
Edited by tsharp, 13 June 2018 - 06:20 AM.
Posted 30 June 2018 - 09:00 PM
It's been a while... I'm extremely busy with work, kiddos out for the summer, school and such, so don't get by here as often as I would like. If my work piques your interest, you can follow it more regularly on my Instagram feed: @milehighstrategies
Three charts today... first the 240-min SP00s from Nov 2016 with my momentum indicator set-up that nicely catches the major pivots:
Link to chart: https://postimg.cc/image/q149lr4dl/
Next, the Monthly SPX from the late 70s that shows the present bull market is still in tact and not yet entered into the negative divergence phase, as it did in the late 90s... the bull market's days are numbered, but the highs still seem to be a couple years out... time will tell.
LInk to chart: https://postimg.cc/image/un0du5fmx/
Finally, the weekly SPX from the beginning of the current bull market (1982) that confirms the same as the monthly SPX:
Link to chart: https://postimg.cc/image/gtc152zw9/