Saturday, May 1, 2021

Weekend Update - Divergence (4/30/21 close)

SPX is showing short term divergence with its momentum and with other indices.

No change in tracking the current upswing as a small-degree B wave-up and monitoring the possibility that the blue C may be extending into the green C - currently in wave two-down.  


[5/3/21] Transports

Friday, April 23, 2021

Weekend Update - Short Term Update (4/23/21)

SPX is the lone index eking out a marginal record high.  We will track it as a small-degree B wave-up and monitor the possibility that the blue C may be extending into the green C - currently in wave two-down.  



Saturday, April 10, 2021

Weekend Update - Turn ahead? (4/9/21 close)

The minor degree pattern breakout has been successful and is looking mature  (Chart 1).

The patterns counts well as a double or triple zigzag (Chart 2). 



 

Friday, April 2, 2021

Weekend Update - Minor-degree Pattern Breakout (4/1/21 close)

Pattern breakout at a minor degree (Chart 1), awaiting follow-through at a larger degree to potentially finish  (Y)-up  (Chart 2)