wolfah

wolfah Updated 

SPX finished waves 2. Next TP 2669 (1.618) and below for wave 3. See details below.

wolfah Updated 

DJI finished wave 2 (grey). Next TP 23775 (1,618) for a wave 3! Detailed view below:

wolfah Updated 

NASDAQ (1h) is still trading above 7000! Shown here is a rather bearish count, showing that the correction isn't over yet. TP1 could be 6649 and TP2 could be 6323. See below for further details.

wolfah Updated 

AAPL is trading in one rising wedge, dating back from 2012 (blue lines) and one rising pennant (red lines), during March. Rising wedges and pennants are a sign of weakness. Last week, an important support line has been broken. 1st TP $164 (0,618) and below is possible (Flat-pattern).

wolfah

IBM, right now in a "Minute"-wave c (blue) , is about or has finished a "Minuette"-wave 2,c in a rising pennant! Trade carefully, a bulltrap above red resistance line is still possible. - First target could be blue support line.

wolfah

Nikkei has been hurt during the last trading sessions ( ABC corrective pattern). There is further downside potential, because the index closed below its support-line and 0,382 of wave "a" at 21182. Only in rare cases, a wave "c" will terminate on this Fib.-level. Therefore, a possible next TP for this wave (red and impulse pattern) could be 0,618 of wave "a" at...

wolfah Updated 

NASDAQ is in a wave "c", as part of an ABC-Correction ("Minuette"-level) at the moment. With this wave, it already retraced 0,382 of the preceeding wave a (not shown above). Only in very rare cases, such a small correction of only 0,382 (6669 in this case) marks the end of an ABC-correction and a new upswing can follow. In my view, this wave "c" has not terminated...

wolfah Updated 

AAPL (15min) in a downtrend. T, for wave 2 (red), depends on Monday with prob. ST-reversal of trend.

wolfah Updated 

MMM , one of the "BigFive", retracted 0,236, but this could be not enough!

wolfah Updated 

AMD only made + 1,94% (INTC + 4,21%). Retracement levels shown in the chart Let's see what happens next Monday!

wolfah

IBM in a final "Minuette"-wave 5 (red), "Minute"-wave c (blue) of a "Minor"-wave 2. First target $142 (1:1 with wave 1 (red). Could go down further (Test of blue support-line)...

wolfah Updated 

AAPL has finished a "Expanded Flat" in a "Minor"-wave 4 probably and is in a very strong upswing! This upswing made more than Fib. 0,786 of the preceeding "Minute"-wave c! On Friday, the blue resistance line has been broken to the upside and the price is on the level of former wave 3 ("Minor"). This seems to be a very bullish signal! For further interst see below,...

wolfah

INTC difficult to count, because retracement above 0,618, where normally a wave b (red) terminates. Furthermore, this could be a finished wave a (grey). Wait until this stock will get a boost on Monday! If not, there would be more pot. for the downside. ST overbought.

wolfah Updated 

NASDAQ prob. in a "Extended V Bottom", where the following wave c (grey) could equal wave a (grey), just to finish larger wave b (red). Target 1: for b (red)= 7000 Flat pattern) with 0,382 of wave a (grey) for wave c (grey), Target 2: for b (red)=7173 (Running Flat-pattern) with 0,618 of wave a (grey) for wave c (grey). Keep in mind, that the daily volume , so...

wolfah Updated 

DJI prob. in a "Extended V Bottom", where the following wave c (grey) equals wave a (grey), just to finish larger wave b (red). Target 1: for b (red)= 26060, Target 2: for b (red)=26840 (Flat-pattern) Keep in mind, that the daily volume, so far, does not follow the trend! There is yet another downswing to come...

wolfah Updated 

SPX prob. in a "Extended V Bottom", where the following wave c (grey) equals wave a (grey), just to finish larger wave b (red). Target 1: for b (red)= 2800, Target 2: for b (red)= 2900 (Flat-pattern) Keep in mind, that the daily volume, so far, does not follow the trend! There is yet another downswing to come...

wolfah Updated 

DAX, if my counts are correct,might be in a "Impulse"-wave c, which should lead at least to 12580 (0,618 of wave a), before I can see further downside potential. A retest of the blue resistance-line would be neccessary! All depends on Wallstreet! If today, the US market is bullish, then this would be possible. See my other post for DJI

wolfah Updated 

INTC still min a wave b. So far, 0,500. 0,618 for a wave b is regular Fib. (Minimal is 0,382... ). Possible target could be $42,