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