Dec 13, 2017

Update

Move higher as expected and now I am out of bullish counts:) last possibility is one more small iv and v to finish 5 green.

16 comments:

  1. And how about gold miners? Another small wave down to finish the bottom test?

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    1. I expect one more lower low.

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    2. Gold miner rebound so much.... any ideas? It appears another small wave higher is more likely?

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    3. Higher for a while is more likely..... no idea for the pattern, but it looks like intermediate term low.

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  2. SPX hourly chart looks like ascending triangle... another wave up to reach top?

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    1. I would say rather ED with waves 4 and 5 to be finished.... I do not see a triangle.

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  3. Hopefully that's wave 4 done at 2661 , with one last high on a new nasdaq high....either that or they'll pull the rug while everyone is waiting for it .

    Thanks for your continued thoughts Krasi

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  4. Most likely we will see a top in December, but nothing big to the downside.
    Holidays around the corner, end of the year.... nice numbers in the books needed for fat bonuses:)

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    1. So what's the target for the current down move? Or the range of DEC topping?

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    2. Probably lower next week to around 2600 support and MA50 then crawling higher until early January.

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  5. Got the higher high in spx and finally ndx . Those last 4th & 5 th waves go on & on ...

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    1. Bull market is a bull market... it takes a lot of time for a topping and reversal.
      So far everything according to the plan.... now waiting to see if the part with the move lower will play out. I do not have more bullish counts and patterns:)

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    2. I will not post a 10 min chart to show you that there is one more iv and v:)

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  6. There is always one more ...until there's not ..

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  7. Hi Krasi. Do you know that there is a Demark 13-count Countdown sell signal on SPX monthly? What do you think? Thanks.

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    1. This will mean that all charts daily/weekly/monthly are aligned and this happens at a top.

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