I've changed the count for the Dow Jones Industrial Average. The July High Broke. Am am simply moving the goal post to meet a pre conceived narrative? As much as it may seem that way to many who do not understand the fractal nature of financial markets, I am not. My job is to determine the most probable outcome. Analyze the market in totality and certainly NOT to simply label … [Read more...] about Are We Just Moving the Goal Post?
S&P 500
Micro Count Muster – Late November 2023
Most S&P 500 Elliott Wave Counts are Wrong
S&P 500 Elliott Wave analysis as of November 6th, 2023. After editing this video I found a few exclusions I failed to mention. Firstly, I incorrectly called the triangle after 1929 a contracting triangle. It is a barrier triangle, it doesn't change the count, it's just semantics. Secondly, I failed to mention that the Elliott Wave rules are idealistic. Sometimes rules break … [Read more...] about Most S&P 500 Elliott Wave Counts are Wrong
S&P 500 Wave 3 Still in Progress
The primary count remains that the index is retracing for yet a second extension. Keep in mind this is how Elliott cautions us to count as we do not want to miss an explosive move. The guideline is for price to slightly screed the previous fourth wave which isn’t far off. Keep in mind, this is only a guideline and not a requirement either way. S&P 500 Primary Micro Count … [Read more...] about S&P 500 Wave 3 Still in Progress
S&P 500 Futures Bullish Invalidation
The S&P 500 index gapped open today and in the process invalidated a zigzag correction. Probability now greatly favors that the structure is the beginnings of an extended impulsive decline to fresh new lows for the cycle. Bear in mind, this is a futures chart. The purple line is a contract break, while it appears that wave 2 exceeded the start of wave 1 in the now invalid C … [Read more...] about S&P 500 Futures Bullish Invalidation