CURRENT CHARTS


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Monday, December 25, 2017

Merry Christmas!! update 12/25/17

Best guess count:


And the alternate:


NOTE: dotted lines show potential EW structures and are not necessarily accurate price/time forecasts   

Saturday, December 16, 2017

Saturday, 12/16/17 update

And the beat goes on.
When looking at the below charts understand that we are still in a bull market which shows no notable signs of slowing down as of yet.  Although the current count has the ES approaching a significant top it's not there yet, and any of these bull waves could extend to much higher levels than indicated.  So the levels indicated in the charts are tentative, or better yet, tenuous.

There is the possibility of resistance at ES 2697.50 for the rally that started Thursday evening.

Short term chart:

Intermediate term:

Long term:

NOTE: dotted lines show potential EW structures and are not necessarily accurate price/time forecasts   

Sunday, December 3, 2017

Sunday, 12/3/17 update

Turns out that what was read as an ending diagonal 5th wave two weeks ago was in fact a leading diagonal 1st wave of that 5th wave.  And that 5th wave is now extending.


There is a potential resistance level in the ES 2665.00 - 2667.50 area, but the ES is right up against it with a lot of fuel in the tank so that level will probably be topped.  Next potential resistance is at ES 2733.00.  There are a bunch of 4th-5th wave unwinds necessary to resolve the count.  So there appears to be a distance yet to travel before a top can be considered.  Blow off top anyone?