NDX in and Elliott ABC corrective wave 4
AMZN Weekly Chart: Elliott Wave Analysis with Price Target Pull-back due.
FB Weekly Chart Elliott Wave Analysis with price targets
Instrument looks to be in a wave 2 down. The wave 2 should complete at 0.618%, or more likely at the gap below. When complete, it should be in a strong wave 3 up to target levels shown. Note, wave 3 blue will also subdivide in 5 waves as it move up to target area.
Instrument has completed a larger 2 (circle) down to $4.89 area. It has subsequently started a move up that should eventually take it to the 57-60 area and perhaps higher. A break above 16.88 will confirm.
AKS has, or is very close to completing the handle of the Cup n Handle pattern. From and Elliott perspective, wave 3 of 3 (circle) could start. If correct, this should be a strong wave up. Watch for a break of the 11.31 cup top.
TLT appears to be starting a wave (3) up which, if correct, will take it into the gap area at127.27-129.73. The wave (3) is confirmed when price moves above wave (1).
Currently in a Wave 5 (circle) of a major wave (V). Wave 5 (circle) price projections shown. Note that the correction for wave (V) down is a major bear market correction. If a zig-zag ABC correction, target could reach the low of wave (IV). Ouch.
Hypothetical Elliott Wave analysis Instrument in a a wave (5) of 3(circle) with a potential price target area between 166.65 and 181.52
New moon shorting on the SPY. Just before, on, or just after the new moon the spy tends to move down (see yellow areas). The next new moon is in a day and could be a short play with a tight stop. Let's see what happens.
FCX taking off today. Hit a resistance level at 14.85 area. Need to see if it holds.