MTU Weekend Ed. - Update (5/28/21 close)

No change in recent tracking - current extension attempt and risk of failure (with INDU and NDX lagging)

A look at the larger-degree potentials - If a high was in, given the corrective look of the initial drop, could another (X) wave be in play?

MTU Weekend Ed.- Extension Attempt (5/21/21)

extension attempt - will it succeed or fail?

Wednesday Update - Retest (5/19/21)

 

MTU Weekend Ed. - Is it over yet? (5/14/21)

In SPX, (Y)-up we've been tracking could have ended at the current high - IF the final zigzag (z)-up is tiny as marked in blue.

Typically, it's likely that SPX is extending as suspected in the form of a larger triple zigzag as marked in purple.

SPX bounced off support and closed the week inside prior range, so did ES. 

Weekend Update - Extending (5/7/21)

 Indices are extending

INDU as of 5/12/21

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