Today I go over what we are looking for to find a market bottom. All signs point to the market being very close to a bottom. We need more than just a price and a hunch to let us know we have found a bottom. After we find the bottom, it must be confirmed. Then and only then is it tradeable. … [Read more...] about Member Exclusive Market Update
S&P 500 Elliott Wave Analysis
The most probable course of action for US Stocks and the S&P 500 is to continue the stock market crash. There's no question in my mind now that the S&P 500 has printed a primary degree wave 1 back in December of 2021. Everything after that is an exercise in counting a moderately deep second wave. So far, I have the probable count as being a double zigzag for wave 2. It … [Read more...] about S&P 500 Elliott Wave Analysis
June 7th Member Exclusive Market Update
In this update, I go over current Bitcoin price action along with a short update of the S&P 500. From a probability perspective, it appears Bitcoin is topped out again. The relationships between waves appear to be too skewed to be putting in a higher high right now. There's a lot to unpack in this video. I go over price action, Elliott Wave count, momentum analysis, and … [Read more...] about June 7th Member Exclusive Market Update
Solana Elliott Wave Analysis
In this video, I start the count of Solana at the genesis of the coin. It's still unclear on the macro level count of SOL. However, I am confident in the sub-wave structure. One thing we do know, is that Solana has started it's life as an impulse wave. However, the relationship between the depicted intermediate waves 2 and 4 leave the rest of the count in question. I'm not … [Read more...] about Solana Elliott Wave Analysis
Basic Market Structure
In it's most basic form the market moves in a series of 5 wave patterns. Waves 1,3, and 5 are motive waves and waves 2 and 4 are corrective waves. It is important to note, that the market is its own organism. It is a direct result of human psychology. While "the news" undoubtedly has an effect on the ups and downs of human behavior, it does not drive the market. When humans … [Read more...] about Basic Market Structure