SPX W – Latest Update 2014 Jan 30

UPDATE 2014 Jan 30

This count fits Russel and DOW with one rule break of the low on the 9 October of a lower low than the 27 August by 41 points, however based on closing prices this is not an issue! The Composite is one wave scale smaller which would make sense in that it peaked in 2000 and Technology leadership for the near future ( possible a couple of decades yet) will be retained in the US. This count also reflects the DAX.

USSPXW201401300

We have just passed the mid point of this bull market off the 2009 bottom. We should get  a low next week around 1766 before we test 1900 in May based on ideal wave targets.

Original 2013 April 16

Below you can see the W trend channel.I US SPX W trend channelPrices have broken through the ML which can now be seen as support. Below you can see that prices dropped below W012MLL, however WL-1 has given support and prices are failing to work their way back upto the W012MLL. D3 may be in as stated in SPX M. It is expected that D3 will be confirmed by a drop of prices below WL-1. I US SPX W012 WLLooking at the D trend channel still on W tick scale we can see that prices were overbought at the recent high;I US SPX D channelAnd prices are still in the lower D012 channel.I US SPX W D012So it looks highly probable that D3 is in, however confirmation on this scale would be a break below D012MLL, or we can go down further wave scales!

6 Responses to SPX W – Latest Update 2014 Jan 30

  1. Profile photo of rbazuin rbazuin says:

    This is more like it! Still not clear on where all the lines come from (got most of them though). Can’t see the Daily charts but everything else is there.

    • Profile photo of Marc Marc says:

      you need to start from biggest chart then “zoom” in.

      • Profile photo of rbazuin rbazuin says:

        I’ve got that. I’m still unclear about MF (map forks) and CF (cycle forks) as well as the parallels both inside and outside the forks.

        • Profile photo of Marc Marc says:

          CF – measuring that scale wave. Wave height is from MLL to MLU or vicaversa In an ideal wave that would just oscillate from last 3 pivots ML at the intersection of the previous MLL or MLU.

          However we have interacting waves on multiple time frames, and the MF tries to get the best guess of the current interactions by trend channeling – this gives a “bigger picture” view of how the wave is developing.

          The IP give you an indication of one wave scale down wave formation.
          The WL give you an indication of it’s wave scale frequency when looking at 1 wave scale up.

          Remember a wave can be up or down 1 scale at any time when you sum them at time of interaction.

    • Profile photo of Marc Marc says:

      Daily just finished. Sorry in process of packing house as well as this, but will get there!!!!

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