Here is a brief Elliott Wave weekend update video which is designed to take less than ten minutes of your time, compared to some updates that can take an hour or more. As always, hit the full-screen icon on the video player to see the detail in the charts.
I hope you enjoy the content and look forward to seeing what the next week in the markets brings.
Have an excellent rest of the weekend and beginning of a new week.
TraderJoe
Excellent. Thanks Tj.
ReplyDeleteWelcome. TJ.
DeleteThank a lot
ReplyDeleteWelcome. TJ.
DeleteGreat video. Thanks
ReplyDeleteThanks for saying! TJ.
DeleteIm not confident on any count since the covid low but I cannot help but think we are in the late innings of the everything bubble. My shenanigans meter is in the red.
ReplyDeleteSlight variation option: maybe an hourly diagonal into tomorrow wraps things up?
ReplyDeletehttps://www.tradingview.com/x/ioSHuoiv/
TJ
ES Price has now overlapped Friday's high.
ReplyDeletehttps://www.tradingview.com/x/LfgORCfO/
TJ.
..also the prior Ⓐ wave is overlapped. TJ
Delete...watch the prior Ⓑ wave carefully, as below it, wave iv would be too long for a contracting diagonal.
Deletehttps://www.tradingview.com/x/dwGyfRwM/
TJ
..as of the cash close, it's ok. Watch 6,340 in the SEP ES futures overnight. If it holds through the earnings, another trip to the high is possible. If not, the market may have topped at 14:00. TJ.
DeleteNow down through yesterday's daily low. Daily swing-line at least temporarily turns lower. TJ.
ReplyDeleteSPY/ES (CFD) - 30 -min - from the intraday wave-counting-screen. Price has broken down out of three-point touch line wedge, and overlapped one level. A second overlap warning is at OL #2.
ReplyDeletehttps://www.tradingview.com/x/1s2VvWAA/
TJ
...three prior down (red) fractals have now been exceeded lower. TJ.
Delete...down wave is the longest in this group. TJ.
DeleteA new post is started for the next day.
ReplyDeleteTJ