moneyjeff1

moneyjeff1

Could be ready for a C wave in a larger flat, or a more bullish wave 3 in an impulse.

moneyjeff1

Looking to push higher to around the $780 level in the shorter term. Longer term, It does look like Tesla needs a C wave down to under $500, which would be a great buying opportunity.

moneyjeff1

If support box holds then a wave 5 to come.

moneyjeff1

Possible double Zig Zag pattern.

moneyjeff1

Possible Zig Zag pattern completing soon.

moneyjeff1

Text book Elliott Wave channel says prepare for at least 7000 in the S&P500.

moneyjeff1

Possible Elliott Wave double combination pattern: A Zig Zag and a Flat structure. Needs a nice 5 waves up to confirm end of correction.

moneyjeff1

The box may be a great buying opportunity.

moneyjeff1

Still following the Bullish Path.

moneyjeff1

looking good.

moneyjeff1

Big Picture

moneyjeff1

Bullish

moneyjeff1

The bullish path.

moneyjeff1

Weekly

moneyjeff1

Monthly.

moneyjeff1

Although this EW count maybe at odds with other indices, it still is very much valid. And the monthly RSI went down to almost equal the 2003 and 2009 lows.

moneyjeff1

Still looking good on the weekly chart.

moneyjeff1

Maybe an extension in Wave 5, as Wave 3 wasn't very extended at all (It was only slightly longer than Wave 1). If that is the case then wave 5 should be at least 1.38% or 1.61% longer than Wave 1.