UnknownUnicorn3162232

01:49

UnknownUnicorn3162232

Solid start of the month for the bulls and they took the weekly and daily charts green! The big move was the gap-and-go today that kept the bulls in control after that stronger wave up this morning. HAGW!

01:28

UnknownUnicorn3162232

New month and a green day! The key was getting over last week's highs, which was looking like a Bearish Engulfing Candle until today. Definitely made for some fun setups and a big wave 5 up into the highs of the day!

01:53

UnknownUnicorn3162232

That concludes the month with a green candle, albeit a Doji. The weekly chart is flirting with a Bearish Engulfing candle, so we are watching the Doji sandwich candidate on the daily as we have 2 more trading days left this week. Certainly wave opportunities today as discussed!

02:02

UnknownUnicorn3162232

Green month with one trading day left in May, so we will see if the bulls can hold or if the bears can get below today's low which could change composure on the weekly chart. That said, there was some tradable action this morning but the lows were defended with some power, so if those are lost tomorrow, the bears could have something to growl about in June.

02:13

UnknownUnicorn3162232

Monthly chart back to green, and a bullish outside week heading into the holiday. The daily has a bit of a C&H shape to it, but it could just be an overshoot of the Elliott Wave triangle we have been discussing. Wishing everyone a great Memorial Day weekend!

01:57

UnknownUnicorn3162232

Well, the monthly and weekly and daily still leaving us guessing, but there were a few decent impulsive waves intraday which gave us some trades to work with! We even pointed a nice bull flag (wave 5) on the TradingView live stream today!

01:49

UnknownUnicorn3162232

Still a red month but still a lower shadow. The bears tried at the end of the day but the bulls came back in after hours. It is a double inside week, so we are looking for a move out of this range one way or the other. JPOW is talking Friday, btw!

01:07

UnknownUnicorn3162232

Inside-outside-inside-outside day! The chop continues! Still a red month and starting off with an inside week so we will see who wants to flex as the week moves on!

01:32

UnknownUnicorn3162232

Still a red month, but an inside week leaving everyone guessing. The Bearish Engulfing day today did not pack as much of a punch with the EOD dip buy, so we will see how the levels play out next week. Still a lot of fun at the open with our wave counts!

01:08

UnknownUnicorn3162232

More choppy price action today. Red monthly, inside week, inside day! All this after major economic data, so we need some price action to get us out of here. Pointed out a nice wave down this morning, and now we will see what Friday has in store!

01:30

UnknownUnicorn3162232

Monthly chart is still red, weekly chart is inside, and the chop broke today but just turned into whipsaw action. We had some nice bearish waves all morning, then the V happened, and leaving everyone still guessing with the red Spinning Top day.

02:04

UnknownUnicorn3162232

Overall, the monthly chart is looking like an ABC in the works, but the chop is real. Monthly candle is red, and the weekly is starting to get into the prior week's lower shadow, but the daily was such a narrow range. We will see if the chop end after the CPI print tomorrow.

01:44

UnknownUnicorn3162232

If we are in a macro wave B as I suspect, then today's price action makes a lot of sense - chop slop! That said, things could be consolidating into the CPI print this week, so we will see if there is any chance at getting back out of April's range...

02:34

UnknownUnicorn3162232

The bulls pushed back up through the monthly range, although the candle is still red. The weekly looks about the same, but the daily is showing a Morning Star Reversal pattern heading into next week. The wave counts were strong intraday, so you have to give the bulls credit for now!

01:33

UnknownUnicorn3162232

The red monthly chart to start off the month is concerning for the bulls. There is plenty of time to finish this candle, and already on the weekly, we are seeing a bearish outside week with one trading day left. The bulls have a shot as there is some prior support at these levels, so we will see if they can charge with it tomorrow...

02:25

UnknownUnicorn3162232

Bears are pressing into last month's range and there are some vulnerable levels below, so the bulls need to find a headline to stand on, otherwise, they may have to move out of the way. Let's see if this week can close as a red outside week.

02:03

UnknownUnicorn3162232

Wow, what a wave 3 today! Intraday, but we really liked that first wave down. Did we expect it to move as much as it did? No, but did it surprise us? Kind of. Pre-FOMC we expect chop, but this market has been so choppy, the market was getting anxious and when we started to see more volume coming in on the downside and banks weak, wave 3 city!

03:00

UnknownUnicorn3162232

There are a bunch of wave counts out there on both the bullish, bearish, and chop sides. I will lean toward chop until proven otherwise, and JPOW may be the one to kick that off on Wednesday one way or the other. That said, in last month's range already and looking for ways through or out!