swoopdog

swoopdog

I originally posted this chart on Tuesday and on Friday, we remain right on track. I wish all my charts were this accurate.

swoopdog

Although the timing may be slightly off, the SPX is following the yellow path as it pinballs down to the 3950 level. A few more ugly days lie ahead.

swoopdog

After today's action of dithering around the pointy end of the wedge, we are beginning to see the geometry that will drive the coming drop down to the 3,950 level. Lot's of wedges, lots of drops, repeating until wave 5 falls just below 1.618x of wave (i). Timescales are indicative, but generally I find that "real life" takes longer so don't hold me to the...

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Pain continues as we move through this B wave. Not seeing a great impulse up for which to establish an accurate wave count for the final descent, but all indicators point toward a low of approx. 3950. Should see a rapid drop on Tuesday to just at 4,000. a 4.8% drop.

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Interesting shape formed off the resistance lines. It looks like it will drop to the mid 12's but will then have a sharp reversal toward circle A.

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Because yellow iv slipped below wave i, it would appear that we are now on the aqua colored count. Interestingly, both counts get to the same points, they just have different names. Instead of a yellow 1 for instance, it will now be an aqua circle A. Hopefully, we've now bottomed and we can start climbing to these points, regardless of how they're labeled.

swoopdog

Although we hit .382 and that could be "enough", to start a 5th wave, the formation of the current wave has the tell tail 3 moves endemic to a B wave, leading me to believe we will have a C down to circle 4 before starting a climb toward circa 93.

swoopdog Updated 

Would have liked to see a bit more energy coming out of the turn at circle ii. But we are tracking toward the momentus circle iii at or around 4,555.

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It's becoming clear, that CVX is on track with SPX in that they are both midway through a B Wave.

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I was reluctant to call the peak at 4,620 the end of the third wave (III) as it only achieved a fib count of 1.236. But as the ensuing drop continued (e.g. the drop we're currently in the midst of), this may very well have been the case, meaning we are in a IV wave of a higher degree than I originally anticipated. If this is the case, we can expect the IV wave...

swoopdog

Hit the yellow 3 a bit early, giving reason to think we might be on the aqua colored count. We'll know that it drops below 480 ish. If it pivots on the yellow 4, we can expect it to stay on yellow count.

swoopdog

Wave i was strong enough to break the resistance line only to fall back to ii. It looks like a false breakout but it's right on plan. Look for a pullback to the 24 range.

swoopdog

I like to apply Elliott Wave principles across both space and time by trying to understand the geometry of wave patterns in 3 dimensions. Fortunately, Elliott Wave founders identified that human decision making is shaped by the golden mean principle driven by patterns and sequences discovered by Fibonacci. By trying to visualize a pattern in three D, it often...

swoopdog

GBTC hit 2 (A) and 2 (B) nicely enroute to 2 A -(C). I like the hard turn up as it climbs wave A. If continues to track, it will hit $29 - $31 by Thanksgiving. A little more BTC ETF news and we should get there:)

swoopdog

Looking for a turnaround to start on Friday as spx finishes her B wave before climbing to 4,320 by lunch time and then, after a beautiful 5 waves, reaching 4,407 by Tuesday. The Geometry is almost pre-ordained.

swoopdog

Keeping an eye on the 3 year picture, where we achieve a culmination of 5 waves up with a visit to 999 in the fourth quarter 2027, but not before sliding down to (2) of (A) hitting 55 ahead of its classic three move wave.

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Climbing to 175 during its third wave (of V). Then a pull back before ultimately climbing toward the 180 range in early November.

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Continuing to move in 3 wave patterns. Next stop is 31 followed by a drop before it climbs up to approx. 45 as it finishes its Wave 3.