Sunday, September 1, 2019

Weekend Video - Getting Close?

In light of the long weekend, this weekend video is a bit longer (about ~20 minutes) and goes into a little more rationale than some others. I hope you enjoy it.


This is the second posting for the weekend, so if you did not see the first post, you may wish to review it, too.

Have an excellent rest of the weekend.
TraderJoe
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31 comments:

  1. tzoSeptember 1, 2019 at 3:45 PM

    👍good work

    ReplyDelete
  2. RogerSeptember 1, 2019 at 4:35 PM

    Thx

    ReplyDelete
  3. Gary MorganSeptember 1, 2019 at 4:53 PM

    Excellent analysis, I have shared the link on my Twitter feed. Enjoy the short break.

    ReplyDelete
    Replies
    1. Elliott_TraderSeptember 1, 2019 at 4:54 PM

      ..thx

      Delete
    2. TjchuckSeptember 1, 2019 at 5:08 PM

      Thanks so much for taking the time to make that excellent video! Enjoy the rest of your weekend!

      Delete
  4. CSeptember 1, 2019 at 5:39 PM

    Thanks TJ. Sound reasoning for the 75:25

    ReplyDelete
  5. UnknownSeptember 1, 2019 at 5:54 PM

    Fantastic video!!! Thanks TJ as always...

    ReplyDelete
  6. Erik BSeptember 1, 2019 at 5:57 PM

    Thanks ET!

    Here's a shot at another triangle which puts the steep and fast decline as the A wave of triangle instead of C. Only problem I see is A is bigger than all of (W), but in a triangle we measure net distance from start to E anyways?

    https://invst.ly/bz4en

    ReplyDelete
  7. scoutSeptember 1, 2019 at 6:25 PM

    Easily your best work so far. Thank you Trader Joe!

    ReplyDelete
  8. roseSeptember 1, 2019 at 8:25 PM

    Thanks TJ. I've been downsizing and moving for the last few months and have lost track of what's going on with your blog. This video got me caught up and I appreciate it very much. I can actually follow your analysis as you point out the wave counts (as my elliot wave prowess isn't too good) and at least I can get a general idea of what's going on. I appreciate all your work and your willingness to share with us gratis. I wish more people who comment would be aware of this fact--that everything you share is without cost and freely given and it's very well thought out and detailed-- giving the best possibilities for future outcomes for whatever count you're working on. What more can anyone ask for? And, just an aside--I really like listening to your real voice on these videos. It's easier to listen to than the digital one. Thanks again!
    Thanks

    ReplyDelete
    Replies
    1. Elliott_TraderSeptember 3, 2019 at 9:59 AM

      Always welcome Rose. Thanks for saying & hope the move is going well!

      Delete
  9. BBRiderSeptember 2, 2019 at 9:40 AM

    Just wanted to say thanks as well.

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  10. AnonymousSeptember 2, 2019 at 11:26 AM

    Thanks as well! I find the COT info to be the most prescient.
    When time permits, would it be possible to update the count on the futures 4hr chart?

    Thanks again!

    ReplyDelete
    Replies
    1. Elliott_TraderSeptember 3, 2019 at 9:58 AM

      Still looking for resolution of the 4-hr charts. At this time can be w-x-y, up.

      Delete
  11. Bob_JohnsonSeptember 2, 2019 at 12:00 PM

    Thanks TJ. Very informative video. Appreciate all your hard work.

    ReplyDelete
  12. TachyonSeptember 2, 2019 at 1:03 PM

    Excellent analysis. Great example of how appliction of other technical indicators- trend-lines, momentum indicators, COT data etc., can inform the likely E.W. count. Very few Ellioticians do it consistently. Thanks Joe...

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  13. BBRiderSeptember 2, 2019 at 9:49 PM

    Looks like a diagonal in the works on ES.

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    Replies
    1. BBRiderSeptember 3, 2019 at 8:10 AM

      Waiting for waves at this time on ES. Either diagonal that needs a new low or ZZZ getting weak in the channel.

      Delete
  14. Roy C.September 3, 2019 at 6:59 AM

    So good to hear your voice again Joe. Thanks for the superb analysis.

    ReplyDelete
  15. Elliott_TraderSeptember 3, 2019 at 9:57 AM

    Other than the gap, nothing too much to write home about, yet. Economic News reports at the top of the hour.

    https://invst.ly/bzti3

    TJ

    ReplyDelete
    Replies
    1. Elliott_TraderSeptember 3, 2019 at 10:02 AM

      Interesting, an 'intra-day' gap lower on the econ reports.

      https://invst.ly/bztlh

      TJ

      Delete
    2. Elliott_TraderSeptember 3, 2019 at 10:03 AM


      10:00a
      Breaking ISM manufacturing falls to 49.1% in August from 51.2% in July

      Delete
    3. TachyonSeptember 3, 2019 at 3:45 PM

      Yes indeed!
      They are spending literally hundreds of millions in a desperate attempt to maintain price above that 2900 S/R level. It is not immediately obvious to me why the consider that round number so critical, but there you have it. It seems to me the top of the gap just below, around 2890, would be where they would expend more ammunition.

      Delete
    4. Elliott_TraderSeptember 3, 2019 at 4:50 PM

      18-day SMA.

      Delete

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