Friday, September 21, 2018

MTU Weekend Ed. - New High (9/21/18)

[Green]To count an impulse wave from the April (or May low), one needs to overlook several three-wave structures. 
[Red] To count an corrective wave from those lows, one needs to put up with the new ATH.

Sunday, September 16, 2018

MTU Weekend Ed - Dow Makes Recovery High (9/14/18)

INDU made a marginal recovery high while SPX did not.  The INDU and SPX may very well be out of sync.  The following charts reflect adjustments to the corrective and impulse tracking. 

Long term chart of Apple

Long term chart of Amazon

Saturday, September 8, 2018

MTU Weekend Ed. - 11 Waves Up (II) (9/7/18)

NDX presents a possible completed count since 2016, concluding with a small-degree post triangle thrust.
SPX has 11 waves up since its April low (see last week's update), which is generally corrective.  The structure represents an expanding diagonal triangle (a terminal wave 5 or wave C of an flat)

Here is a similar structure in INDU

Friday, August 31, 2018

Friday, August 17, 2018

MTU Weekend Ed. - Structure (8/17/18)

SPX weekly chart continue to present a potential bear flag (red/blue) or a weak wave 5 (green).

Since INDU made a minor higher high on Friday, SPX may be finishing a small-degree wave C or wave five [green] whose minimum requirement (higher than wave A) has already been met.

On its own structure, SPX presents a potential head-and-shoulders bearish structure and a potential bullish triangle.

Thursday, August 16, 2018

Market Timing Update (8/16/18)

The potential development of a head-and-shoulders pattern (bearish) or a triangle (bullish) in SPX brings interesting interpretations of the bigger picture. See charts.

Monday, August 13, 2018

Market Timing Update (8/13/18)

The missing w5-down materialized today in SPX (Chart 1 red).  Wave 5 could extend if the market wishes.

Reversal (Chart 2 red) or Wave [c]-down of a bullish flat (Chart 2 blue)? Time will tell.

Saturday, August 11, 2018

MTU Weekend Ed. - Potential Reversal

Indices are diverging. Some made minor higher highs, some fell short.  In SPX, a larger degree bear flag and potential reversal attempts remain.