First off, you can see I have made some major changes to the website. At the top, I have a chart of the day feature with charts and EW counts of various stocks and indices. I will update these daily, the charts will stay the same. I can add/remove charts on request. So please let me know if you want me to track a stock and give daily counts on it. Just check the slider everyday for updated counts.
We continue to push our way higher in the final wave of Minor wave 2. The current count has us in minuette wave (iii) of minute wave [c] of Minor wave 2.
Right around 1115 is where wave (iii) = 1.618 x wave (i). This is a good spot for wave (iii) to end. We could get to 1121 before the start of wave (iv), but the up move is starting to look a little sluggish now.
If this is the end of wave (iii), wave (iv) should chop around sideways for a few days before our final push up in wave (v). The target for wave (iv) is right around 1100.
The key pivots for tomorrow are 1100 to the downside and 1121 to the upside.
We also closed right with the 200 day moving average today. We slightly broke over it, but I wouldn't count this as a break out.
This would be the perfect place to take a breather and chop around sideways before perhaps testing the 100 day MA around 1130. And as we know, 1131 is our key pivot high from June 21.
