363 replies to this topic

[tsharp]

Thanks... D, I hope all is well in your world too!

 

School just started back up, so we caught the last trip to the lake, probably for the season, today.  Life is good!  Between work, being a daddy a husband, a manager for the company I work for and being involved as a stakeholder in start-up, there isn't a whole lot of time left over, especially when about six weeks ago, all my chart set-ups had disappeared - I was at a loss as to when I would find time to re-create all the charts I had set up.  Thankfully, they were able to restore them, and now I think I can find one or two times per week to post.

[tsharp]

The TL dance continues for now...

 

Link to SP00 240-min chart:  https://postimg.org/image/z11vn9v2x/

 

[tsharp]

The struggle is real... lol... Jackson Hole may help this out one way or the other... twt.

 

Link to SP00 240-min chart:  https://postimg.org/image/e7cylj0k9/

 

[tsharp]

My best guess at this juncture is the SPX completed or is near to completing a running wave-b at yesterday's highs... twt.

 

Link to SP00s 240-min chart:  https://postimg.org/image/vnz5h1ord/

 

 

Link to SP00s daily chart:  https://postimg.org/image/88h8bp509/

 

[tsharp]

I spent the last weekend on the road to Albuquerque, NM, on business with the start-up company with which I'm involved, so this is the first opportunity I've had to get something posted here.  From the looks of the SP00s overnight, tomorrow may begin the next leg down towards, the ~2350 range.  The SPX has not shown any will to move upward... note the dance the indicator line has had with the latent TLs below the zero line... twt.

 

Link to SPX hourly chart:  https://postimg.org/image/674aztch1/

 

[tsharp]

I'm sorry for the weekend lapse, but family matters took priority, and in my mind, nothing much as really changed since my last update.  

 

For today, I offer the SPX hourly chart, with the understanding that if we bounce back up to new highs from around there, then the c-wave is a part of wave-iv of the next higher wave-i, otherwise, if this continues playing out into mid-September, I would look for a low down between ~2250 - ~2266 range to complete wave-ii, as in the SPX daily chart below with just TLs and the fib extension from ~666 - ~2134, which is in the .09 fib extension... as always... twt.

 

P.S. The fuchsia DTL line on the hourly indicator chart being broken to the upside would indicate a ST CIT, and likely also, another move to ~2500 to complete wave-i, then the wave-ii would commence, though I see this as less likely at this time.

 

Link to SPX hourly chart:  https://postimg.org/image/nd4agcfx5/

 

 

Link to SPX daily chart:  https://postimg.org/image/ji5hrim55/

 

[dowdeva]

Tsharp, I got caught up in the bear frenzy today and started placing initial mid term shorts (Nov/Dec), but for a while (on twitter) I have been saying that I just don't see 'them' taking down this thing until it hits 2500. Just a gut feeling and I've learned in the past not to fade my intuition.

 

Too many people betting down here, North Korea, seasonality, etc, just too many people.

 

So I think it might end up being somewhat like what they did in early August, a final sharp swoop up then down to your 2250? Tme will tell...

 

According to Chinese astrology, in which I believe, this summer is the last year of the multi-bull market. But the summer isn't officially over until September 21.

 

Good luck with your start up companysssssssssssssssssssssssssssssssss. I don't know how you get any sleep.

 

~D

[tsharp]

Okay then, the SPX has finally tagged the elusive 2500 level in what appears to be a completed or nearly completed EDT.  I still favor a wave-ii correction back down to between the 2350-2250 range... as of yet, no back-test of the long term UTL has been completed, and there's no season like the September-October "crash" season to get the bears all frothy and set up a bear trap for a run to the next higher fib range up at the ~3000 level... twt.  Please note the negative divergence on nearly every chart.

 

Link to SPX 60-min chart:  https://postimg.org/image/cb5ooojh5/

 

 

Link to SPX daily slow momentum chart: https://postimg.org/image/rxwy21x95/

 

 

Link to SPX Weekly fast momentum chart:  https://postimg.org/image/f7spoypax/

 

 

Link to SPX fractal count:  https://postimg.org/image/aajqhlcpl/

 

[dowdeva]

Hurst projection (unfulfilled) also to 2350.

[tsharp]

Hi all,

 

Phew... I got my six kiddos back just over a year ago, after a lengthy and expensive legal battle... and between work and helping them get adjusted and caught up with their respective grade levels, I have been incredibly busy!

 

The Think or Swim app has also again lost all my set ups, and I just haven't had the time to get on the phone with support to see if they can get them restored again.  That said, it seems the SPX is still on track with the chart I published on 4.9.16, where wave-iv needs one more leg down, then it may finally move upward towards that ~3,600 target... time will tell.

 

Link to SPX Projection chart from 4.9.16:  https://postimg.org/image/470b9qaxl/