Saturday, May 14, 2022

MTU Weekend Ed. - Wave Four (5/13/22 close)

Based on the steepness of the advance since the 2020 low and the corrective pullback from the 2022 high, the possibility of a fourth wave looks reasonable and interesting.  This structure is more obvious on a arithmetic-scale chart of SPX. 


 

Sunday, April 24, 2022

MTU Weekend Ed - Flat Watch Continues (4/22/22 close)

Price action has been consistent with a flat (red (b)) with wave (c) in progress.  However, there has been no lower low yet - see near term bullish scenarios. 




Sunday, April 3, 2022

MTU Weekend Ed - Flat Watch (4/1/22 close)

The higher high this past week terminated the triangle watch.  A flat watch is in progress (red (b)). 




Saturday, March 19, 2022

MTU Weekend Ed. - Triangle Watching (3/18/22 close)

SPX has a several chances to deliver a triangle to conclude the pullback (in the triple zigzag scenario) this past week but none has surfaced.  A larger triangle remains possible and is worth monitoring.