Nasdaq
December 2023
The structure suggest we are dealing with an ending diagonal.
Blue count (Primary): It suggests we are in minuette wave (a). Support for minuette wave (b) is between U$D 4553 and U$D 4266. Below U$D 4266 the probabilities for the red count increases. Target for primary wave 5 is U$D 5K or above.
Red count (Alternative): It suggests we are putting a top on an intermediate wave (B) and we should see a big drop next.
ES 3 Day: www.tradingview.com/x/sKzFlCut/
ES Weekly: www.tradingview.com/x/kPgqQgol/
June 2021
Basically no change on the daily chart. There are currently 2 counts:
Blue count (Primary): It suggests we are in Wave 3 of (3). Target for Wave 3 of (3) is U$D 4700 or above.
Red count (Alternative): It suggests a running flat for Wave (2). This count projects higher targets.
ES daily: www.tradingview.com/x/K4ez1mf6/
March 2021
No much change on the daily chart. There are currently 2 counts:
Blue count (Primary): It suggests we are in Wave 3 of (3). Target for Wave 3 of (3) is U$D 4700 or above.
Red count (Alternative): It suggests a running flat for Wave (2) and a Wave 2 consolidation that should reach U$D 3772 minimally before resuming the bull run. If this scenario plays out might be another great buying opportunity.
ES hourly: www.tradingview.com/x/gB3A7M4C/
ES daily: www.tradingview.com/x/pmrHqFoj/
February 2021
S&P 500 Futures
We've got finally a pullback. There are currently 2 counts:
Blue count (Primary): It suggests we are in Wave 3 of (3). Target for Wave 3 of (3) is U$D 4700 or above.
Red count (Alternative): It suggests a running flat for Wave (2) and a Wave 2 consolidation that should reach U$D 3772 minimally before resuming the bull run. If this scenario plays out might be another great buying opportunity.
January 2021
S&P 500 Futures
The SPX keeps grinding higher and higher without a pullback. As we have said before, we need to trade what the market gives us rather than having expectations. There are currently 2 counts:
Blue count (Primary): It suggests we are in Wave 3 of (3). Target for Wave 3 of (3) is U$D 4700 or above.
Red count (Alternative): It suggests a running flat for Wave (2) and a Wave 2 consolidation that should reach U$D 3673 minimally before resuming the bull run. If this scenario plays out might be another great buying opportunity.
December 2020
S&P 500 Futures
The SPX keeps teasing us with a pullback but it's not giving one yet. As we have mentioned in November, sometimes markets do not gives us what we want and we need to asses our risk with what we have. There are currently 2 counts:
Blue count (Primary): It suggests a Wave 2 correction inside Wave (3). Targets are U$D 3492 to 3387.5.
Red count (Alternative): It suggests Wave 2 is behind us and we are heading to higher levels sooner rather than later.
November 2020
S&P 500 Futures
While the expectation for a pullback in October was much deeper than what we've got, sometimes markets do not give us what we are looking for. Right now we seem to be in a Wave 2 correction since October. There are currently 2 counts:
Blue count (Primary): It suggests a Wave 2 correction inside Wave (3). Targets are U$D 3492 to 3387.5.
Red count (Alternative): It suggests a deeper Wave (2). Targets are U$D 3238.5 to 3054.5.
ES: www.tradingview.com/x/Q1hsW5BM/
October 2020
S&P 500 Futures
We seem to be in a correction since beginning of September. There are currently 2 counts:
Blue count (Primary): It suggests the ES is currently on a B wave inside Wave (2). As B waves can reach higher targets than previous highs there are no invalidations points. However, the way price progresses will tell if it's a B wave or not (B waves are 3 wave's structures).
Red count (Alternative): It suggests the ES has finished the correction and it's now heading to complete Wave 1 of (3). We need to see 5 waves up in order to confirm this.
ES: https://www.tradingview.com/x/T9rz3hrg/
AAPL
Apple seems to be setting up a correction. The resistance area is between U$D 123.44 and 129.64. Below U$D 129.64 the probabilities are in favor AAPL will correct. Targets for the correction are in red but it might go even lower. I would not recommend to short it unless a setup is presented (we want to see 5 waves down and 3 waves up).
AAPL: www.tradingview.com/x/L80qTTIL/
TSLA
Tesla seems to be in a correction that has not completed yet. The resistance area is between U$D 457 and 491. Below U$D 457 the probabilities are in favor TSLA will correct. There are 2 counts for that correction:
Blue count (Primary): It suggests an ABC correction for a Wave (4). Target should be between U$D 305.53 and 262.
Red count (Alternate): It suggests a triangle for Wave (4). Target should be around U$D 377.
Above U$D 491 both counts invalidate and it means the correction is over. If so TSLA should be heading to U$D 1000 or above for Wave (5).