Tuesday, November 28, 2023

Four of the Seven

Four of the Magnificent Seven stocks have their new daily highs. They are AMZN, META, MSFT, and NVDA, as below.


The three that do not are AAPL, GOOG and TSLA. It's not to say they can't, it's just to keep abreast of the situation with them.

Have an excellent start to the evening,

TraderJoe

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16 comments:

  1. BBRiderNovember 28, 2023 at 5:16 PM

    One of my favorites.

    Bubbles make you look like an idiot either before or after they pop.

    ReplyDelete
  2. BBRiderNovember 28, 2023 at 8:15 PM

    Thoughts on ES. Impulse with extended first wave with short 2 and dying EWO.
    https://imgur.com/h9KDX7Q

    ReplyDelete
  3. manuNovember 29, 2023 at 8:24 AM

    Thanks Tj. I just noticed that except these 7, remaining 493 are just at marginal high or equal from October 22 low

    ReplyDelete
  4. BBRiderNovember 29, 2023 at 8:32 AM

    I still think this is a corrective wave from 3502.

    https://imgur.com/jlplkNX

    ReplyDelete
    Replies
    1. Elliott_TraderNovember 29, 2023 at 9:49 AM

      Could be the Primary Ⓑ wave option shown in prior posts. TJ.

      Delete
  5. Elliott_TraderNovember 29, 2023 at 9:44 AM

    SPY - gap closed. Waiting to check SPX.

    https://www.tradingview.com/x/fI1KNfao/

    TJ

    ReplyDelete
    Replies
    1. Elliott_TraderNovember 29, 2023 at 9:47 AM

      SPX still has its gap 'open'.

      https://www.tradingview.com/x/QnB5E8Om/

      TJ

      Delete
  6. Elliott_TraderNovember 29, 2023 at 10:59 AM

    SPX daily / ES 4-Hr: here is a 'plausible' way to close the gap at the top. But it does not 'have' to fill, and 'c' wave diagonals 'can' fail.

    https://www.tradingview.com/x/6pbqT6GM/

    TJ

    ReplyDelete
    Replies
    1. Elliott_TraderNovember 29, 2023 at 11:30 AM

      ES 4-Hr: if below ES 4,563.50, then contracting diagonal wave iv is too long and contracting diagonal invalidates. Not there quite yet. TJ.

      Delete
    2. Elliott_TraderNovember 29, 2023 at 11:35 AM

      Invalidated. Top 'can' be in. Wave count to follow. TJ.

      Delete
    3. grrNovember 29, 2023 at 11:55 AM

      can u help explain the top because seems like 3 waves right at the top. this is always confusing. thks
      https://www.tradingview.com/x/I1kXPbf8/

      Delete
    4. Elliott_TraderNovember 29, 2023 at 1:35 PM

      no overlap, probable 'truncation top' at the high, as below.

      https://www.tradingview.com/x/KDOq0nrx/

      TJ

      Delete
  7. Elliott_TraderNovember 29, 2023 at 11:55 AM

    ES 4-hr count: IF we've topped, this count avoids degree conflicts because ① and ③ are shorter in price and time than 'a', and ② and ④ are shorter than 'b'.

    https://www.tradingview.com/x/vOfu2g7G/

    Best I can do at the moment.
    TJ

    ReplyDelete
  8. Elliott_TraderNovember 29, 2023 at 4:14 PM

    ES 5-min: upward overlap in the after-hours, 'maybe' a contracting diagonal will form to start a move lower. Can't call it until all five waves are "in", and it must form properly.

    https://www.tradingview.com/x/3iv67si1/

    TJ

    ReplyDelete
  9. Elliott_TraderNovember 29, 2023 at 4:49 PM

    A new post is started for the next day.
    TJ

    ReplyDelete

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