wolffarchitecture

wolffarchitecture

NASDAQ-100 current going through minor WAVE 2 correction The BIG DOUBLE correction is now completed (see W-X) This EW COUNT has been doing a good job forecasting since SEP. 23rd Feeling good because wave count aligning with USDJPY, EURUSD, DXY, VIX, XAGUSD, SILVER/GOLD RATIO counts as well. Will Post EURUSD and XAGUSD next... So check them out too, others...

wolffarchitecture

Its GOOD to step back every once in a while and LOOK at the larger picture.

wolffarchitecture

Plenty of head-fakes with the S&P 500. After almost 3-WEEKS of correction, The technical are pointing to a weak 3-3-5 correction, with a lot of climbing to do before the election. Granted a 5-3-5 still remains possible, BE CAREFUL shorting. If you appreciate the analysis send a LIKE Thanks

wolffarchitecture

The JUNE 12th 3-3-5 correction essentially bounced off the 200 day EMA IMO....IF we don't see a RALLY this coming Monday (POSSIBILITY-A) The SEPT. 3rd correction will turn into a 5-3-5 Heading all the way down to the 200 Day EMA again (POSSIBILITY-B)

wolffarchitecture

EXPECT to see a lot of CHOP over the next few weeks as the S&P 500 works its way through the EMA's and completes the 3-3-5 TEXT-BOOK correction as predicted on a previous post. It looks to me like the S&P 500 will reach around 3490 (Between Fib .618 & .786). After deflating into an extended (C) wave down reaching a new low just before the election. Plan to pull...

wolffarchitecture

While I see it looks like the S&P-500, DOW-30 and NASDAQ may be going down for the count. Before you SHORT, This could simply be an unexciting text book flat correction on wave B, ( the same count works for DOW-30 and NASDAQ ) I believe in eliminating all known possibilities before trading. Perhaps it might be prudent to wait until the close of the Monday ...

wolffarchitecture

The Gold and Silver ratio, may extend one final leg higher before continuing trend down