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Analysis of YM1!. This count sees price in wave ((5)) of (v), with wave (v) starting at October 2022 low. From 5 August 2024 low, count in red is less bullish, count in green is more bullish. If count in red is correct, then 5 must be shorter than 3 (as 3 was shorter than 1), and price will not go above resistance at 45062. If count in green is correct, price...

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This count has US500 in wave ((5)), with key support at 5677.8. I have area in green ellipse as a complete five-wave structure, with 1>3>5. This remains valid as long as price remains below 5829.7. If price remains below 5829.7, then will look for corrective structure to finish above 5677.8 for a wave (2) of ((5)) or an impulsive structure to take out support at...

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Bear count for NAS100. This count envisions wave (5) finishing as a contracting ending diagonal to complete the primary impulse off the October 2022 low. Wave 4 of (5) would be a regular flat, with C of 4 finishing above 18676.2 support. Wave 5 of (5) would then go after the ATH and be limited by the length of wave 3 of (5).

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Bullish counts for US500 and NAS100, less bullish counts in red. For extended wave (3), price needs to get above 6066.3 for US500 and 21737.6 for NAS100. Bullish on US500 as long as price remains above 5657.6 support.

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XAUUSD looks to be consolidating at the top border (2nd target) of both pitchforks drawn. The origin of the bigger pitchfork is the December 2015 low of 1046.00. Based on this count, I'd like to see a pullback towards the white rectangle, in the low 2300s, for a wave 4 before a wave 5 targeting above 3000.

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Bull analysis for US500. Curious to see if this expanding triangle wave (4) plays out. This count envisions a move above 5673.5 to the final wave to complete bull run off October 2022 low. Count invalid below 5329.5.

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Watching for this possibility to develop next week: a push towards ATHs followed by one more move down towards 5528.6 to complete an expanding triangle wave 4. This development would be helpful in terms of validating market structure, as well as a nice trade targeting 5800-6200.

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Bullish (green) and bearish (red) counts for NI225. Both counts have primary (i) ending in December 1989. The bull count has wave (ii) ending in October 2008, and has price currently in wave ((5)) of (iii), with ideal target 70438.61. The bear count has price completing a b-wave with high of 42426.77, looking for c-wave below 6994.90. This c-wave would already...

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Bullish count for NI225 has price in wave 5 of (3) of ((3)). I like this count in the idea that it likely means US equities will see continued upside for some time, as I doubt this count plays out while US equities tank. I will be following this chart, not to trade it, but to correlate it with US equity price action.

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Bullish count for BTCUSD, smaller scale. It looks like price has formed a leading diagonal off low of 56148.93. It also looks like a leading diagonal formed off 5 August low of 49247.75. Both leading diagonals in green ellipses. I have one additional impulse in the blue ellipse, and two corrective structures in red ellipses. Overall, this look pretty bullish....

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Bullish count for BTCUSD has price in wave 1 of (3) of ((3)), with 143550.63 as target for wave (3). Count invalid below August 2024 low of 49217.

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Bullish analysis for XAGUSD has price in wave 5 of (3), with price target of 47.441 for wave (3).

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Bullish count for XAUUSD has price in wave 5 of (3) of ((5)), with target of 3279.14 for wave ((5)).

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Complete bullish count for NAS100, starting at March 2020, has us in wave ((1)) of v of (iii). Target is 26845.9.

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Bearish case for US500. With UVIX going below lower lows on August 15, and US500 going above 5566.2, I think the case for 5673.5 being a long-term top is out. This count still sees price action from October 2022 low as corrective; however, with ((1)) longer than ((3)), this count imagines a large ending diagonal playing out, with price action currently forming...

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Bearish count for BTCUSD. It imagines that we have completed an expanding leading diagonal A wave, a zigzag B wave, and would now expect an impulse C wave with projected target of 23188.38. This C wave has a leading diagonal wave (1) of ((1)) of C.

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Bearish count for BTCUSD; I would say this is contingent on equity top at or near completion. What a chop-monster since March 2024... this count envisions an expanding leading diagonal ((A)) forming. While this count may not be the most likely, it does provide a low-risk/high-reward opportunity to the downside. If price gets above 68926.01 but 71939.10 holds as...

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Bearish case for US500/SPX: I see two impulse waves (red ellipses) and two corrective waves (green ellipses). The second green ellipse looks like a regular flat. Key pivots marked in white. I would say that as long as price remains below 5587.7, preference is to be short.