maikisch

maikisch Sep 19, 2024

Cycles are a normal part of life. The stock market is no different. In my long term analysis we appear to be headed up to an area that can complete a rally that started almost 100 years ago. For context, this long-term consolidation will be similar to Japan's Nikkei index in which made no new high's for 34 years.

maikisch Sep 12, 2024

With Nvidia breaking tp the upside of the target box for circle-b, that means if we continue to follow through in the Minor B wave, as I am forecasting, we stand an excellent chance to making new all-time highs on a very marginal basis . Nonetheless, this will still be part of the overall primary degree correction that Nvidia is involved in. Read my last post...

maikisch Sep 4, 2024

Unfortunately we have as much probability of black or purple becoming the optimal count. I'm 50/50. Best to all. Chris

maikisch Aug 29, 2024

With earnings out and traders not getting the normal reward of new 52 week highs, we continue to subdivide lower in a primary circle wave 4 that will more than likely not bottom until next year, possibly longer. A primary wave 4 will consist of an intermediate ABC, and each intermediate label will consist of a minor ABC. We're still working on minor...

maikisch Aug 13, 2024

Last week's decline DID NOT BREACH THE APRIL LOWS . To be 100% objective, as long as price is above the April lows, we still retain the ability to make one more high. That is the purple arrow on the above chart. Price will need to breach 5587 in pretty much a straight shot now, as this would be a wave 3. However, that is not my primary analysis. My primary...

maikisch Aug 1, 2024

Since I last updated you on the overall markets, price has retreated lower. (Click Here for the last Market Update) The Nasdaq futures contract (NQ) has declined a total of 10.76% whereas the SP500 futures contract (ES) has only declined 5.05% from their respective all-time highs earlier in July. Does the Divergence between the weakness of the NQ, and relative...

maikisch Updated  Jul 25, 2024

Yes, we came within 19 cents of $111.33 which was my target....but if we can manage to rally now we retain the ability to make one more high as outlined in purple in the weeks to come. However, if we fail to develop a 5-wave micro impulsive pattern from the premarket low of $111.52 or even fail to rally, and continue to subdivide lower and eventually breach...

maikisch Jul 17, 2024

I want to make something clear. I have kept a purple arrow on my Nvidia chart for sometime. Purple is the color I associate my secondary expectations, or sometimes referred to as alternative. Black is my primary. All that means is the pattern has more than one outcome given the current price action we have. In both cases, I expect price is to test the...

maikisch Jul 14, 2024

Introduction Within the larger Elliott Wave community (of Elliottitions; practitioners of Elliott Wave Theory) there has been an ongoing notion, that is gaining in popular perspective, that the US stock markets are very close to entering a super cycle wave (IV)…myself included. However, from what we know of Elliott’s original work, which was based on social and...

maikisch Jul 12, 2024

There's an old analytical adage that goes..." nothing confirms price action like confirmation ". Not too helpful in the short term trading sense, but in the larger picture perspective it sure makes a lot of sense. I can make a case based on where price came into the Fibonacci Retracement zone of the .786% for corrective action that got smacked down... has...

maikisch Jul 8, 2024

Over the weekend Bitcoin has able to decline into the 1.0% A=C area target of $54,650 for Intermediate (A) and reverse. Below $63900 and price can continue lower into the target box. Above that price level and I will consider our intermediate B underway. This could very well take months to complete. Be prepared for a frustrating period of time.

maikisch Jul 1, 2024

We really cannot say we have confirmation we're in a circle c-wave until we breach the circle a-wave low. So I will repeat, we have the minimum waves in place to consider circle b done...and could begin our circle c-wave descent. However, nothing states we cannot get back into our target box for a more complex circle b. The fact remains we also have purple wave...

maikisch Jun 24, 2024

Price is now in the target box for our circle a wave and I am watching for the potential of a reversal higher in our circle b wave. To continue to leak lower could bolster the case for ALT purple wave 4 as price appears somewhat short term oversold. My primary is a circle b wave corrective retrace. Because of the sheer bullish of the long term chart, only a...

maikisch Jun 13, 2024

Although having reached my target for wave v of 5, we do not have any evidence of a top in place as of today's trading session. In the days or weeks to come I look for a breach of $116 to give us our initial indication we've topped, with confirmation coming with a breach of $106. This would be a long term top. Best to all, Chris

maikisch Jun 10, 2024

I am in the process of rebuilding my Nvidia charts. However, I can say I am still of the mindset that as long as price is above $104.30 that we should get OMH into the target box towards $127.91 or slightly higher.

maikisch Jun 4, 2024

Having entered the area of a wave (iv), and now exited the box to the upside to challenge the recent ATH, I have to consider the possibility we're headed towards the wave (v) target area to complete this primary wave 3. However, to be clear, below the ATH of $1158.19, we're still in wave (iv). This is visible in the below 1 hour chart. Nvidia will be...

maikisch May 29, 2024

I normally do not do micro counts on Bitcoin, however, in the primary count, Bitcoin should be topping in the target box...if it hasn't already topped. We need a breach of $65,500 to give an initial signal, we may be headed to the low $50,000 area for (c) of (A) or that will be all of primary wave 4 for a short wave 4.

maikisch May 21, 2024

With respect to Solana I'll say two things. First, and probably in jest, I had no idea Venezuela was important to crypto mining. lol. (reference to the news why crypto rallied yesterday). Second, I am still awaiting signs that price has the intention to follow the purple alternative path. The attached Daily chart shows there is a full count to the upside complete...