$SPY playbook on 1/31/19

$SPY did what it was supposed to do today after moving past the 4th wave heading into the 5th and final wave of the wave in the largest degree in purple. What we saw today was the 3(5) and that is not done yet because we still have 5(5) to finish looks like tomorrow. On the 15 min chart As of writing this article the "bc" has not completed. Will complete today from projecting the "AB" to 100% the BC looks to complete at $268.58. Wave A had a 5 internal move down…Read more

A dark cloud will shadow the stock market from here on till it breaks over the all time high 293.94

Robert Prechter https://www.nytimes.com/2010/07/04/your-money/04stra.html one person who popularized Elliott wave theory saw the 2008 decline in stock market as the end of 5th wave an the beginning of bear market and he rightfully get demonized for advising people to miss out the longest bull market in history. That is the beauty and curse of Elliott wave it has a way of keeping the analyst on their tippy toe all the time, an ultimate slight of hand artist that is capable of doing a 180 degree turn at any moment. However that does not mean…Read more

$SMH the Elliott wave count on this ETF

SMH has been a harbinger for the wider market for some time now since it is the semiconductor ETF and when we say technology we essentially mean two things, hardware technology and software technology. They are like each hand in a body that needs to come together to make noise (clap). The semiconductor essentially tells where the broader tech market or the $SPY is going. On a 15 min - 2 hour chart the count we have below is the primary count. As of right now at 12.30 pm on 1/8/19 we are…Read more

Moment of truth on the rules of Elliott Wave

The $SPY has been on a tear with 2 consecutive days of nearly 1000 point moves and now we are coming to some crucial resistance levels. 1 is the 50% retrace of the 3rd wave move down and that is $251.40. Now the bottom of wave 3 is $253.36 meaning that the retrace we have seen so far has $2 more to go before coming down. After the As of Monday the 31st we had a bull flag set up and looks like the move up is going to be the 5th wave…Read more

How millimeter waves are set to shape the 5G technology

5G is  slowly and surely getting rolled out across the US in some cities   and that can get speeds upto 400 megabites /sec is a huge deal. What we have now is 4G LTE delivering somewhere upto 20 megabites/sec and the 5G will blow every speed out of the water. Now, the catch like any thing too good to be true always comes with a catch and that is that these speeds are made possible by some clever work around done by the science team to find ways to dissect the already existing…Read more

What happened to my 4&5 wave prediction

Well hind sight is 20/20 as always and what was originally I thought as a wave 3 , hoping to take the 4th wave up to wave 5 turned out to be a down leg in a triangle. This as of 12/8 looks like the end of a running flat correction and in the intermediate down trend the 1,2,3,4 & 5 wave structure is done and heading lower from here to go test the $250 level before we can bounce back.Read more

Micron Technology Elliott Wave Analysis

The Weekly trend is up! On the weekly the trend seems to be up sort off. The Weekly 3% ZZ indicator says that it is a triangle so far, from looking at the price action since 10/22/18 till 11/13/18 and the RSI is just below 40 , once this breaks then the momentum is upward and should be a ZZ with wave 1 and 2 already formed. Daily Count The daily count projected to show that the end of the ZZ will be at end of the "blue"dotted line.The RSI is no the…Read more

Elliott wave analysis of SPY index

  Let me give you my analysis of Elliot wave on SPY just before he election in November 2018. Donald trump was in full swing with the anti-immigrant , anti media which according to him was the anti-people. He is definitely not toning his rhetoric down for anyone or anything. Anyhow,  for the subject on hand. $SPY will hit the .Like the image above says "Target" is $255 area which is where SPY Index will end its journy on the down trend in the 4th wave  ZIG ZAG pattern will end and the…Read more

Why is the EMF from 5G in such controversy

Here is the truth about 5G, no body knows weather it is harmful or not, why? Because like anything these days their has not been a conclusive study done to say one way or the other. But if it walks like a duck, quacks like a duck , it is most likely a duck! The 5G requires that the telecom companies erect and install the 5G micro towers in close proximity to each other and create a mesh network of cellular signals propagating through all corners of your home and city buildings. The…Read more