Here's my latest long term ponderings assuming the big July bull move on my time charts is correct.

Shorter version:

Moving my short entry to under today's candle in preparation for a 4-day down wave

Longer version:

I'm still thinking this might be an X wave down, but I'm going to take a conservative approach on the entry and put my short entry stop under today's candle.  If I'm right, I realize I'm leaving some money on the table (i.e. all of today's candle), but these are tricky times and I'm OK with that.  I have moderate confidence that we will go down into July 4, but I want the market to commit to the move first.

Let's assume that we're talking about an X wave let's let's approach it in terms of calendar days.  From the Jun19 top, there were 4 days in the down wave and now 2 days in the up wave.   A 4day down wave would give me high confidence in the X wave trade.

If we do another up day tomorrow, then I probably won't do a short trade here and will wait to see how the market unfolds into July 4 (i.e. only 3 days in a down wave doesn't give much reward for the risk).

If price takes off to the downside and passes the neckline of the H&S top, I see two possible destinations:

Highest probability:   Price will stop dead at the Jupiter/24 line intersection on the astro chart ~1296 S&P   (see attached chart).    (24 lines are from the Gann wheel)

Less probability:  If we're very lucky, price will smash through Jupiter and we'll revisit the 6/4 low, which is also a secondary 24 line.

Very low probability:  Price goes all the way to the red Mars line X at 1260.

If price goes up tomorrow, I was wrong but never entered the trade to begin with.

If price picks up my short but then goes sideways, I'll close the trade.

My vehicle is SPXU.

Good luck everybody!

Shorter version:

It's possible today formed the high, but I think it's more likely that tomorrow will be the high.

Moving my short entry stop to just below today's candle.  If price moves down, it will pick up my stop and carry me into the July 4 low.

Longer version:
The chart that is central to my current outlook is this one.

Each line is either bullish (green) or bearish (red) on that particular day and has ~75% probability the close will either be higher or lower as the line predicts that day or the next day (I compiled that stat from over 350 samples I made).  Keep in mind that 1 in 4 will be dead wrong.

Usually when I look at this chart, I look at the cluster of 4 days and see if I can get a general bullish or bearish sense of what will happen in that time span.I see that the next 4 days look bearish and most of July looks bullish.

Also you can see I still have my hand drawn prediction of what will happen from a while back.  In my hand drawn, I had a 5 wave down and then 2 guesses as to what the July lines might mean.

As this current wave unfolded, I was presented with dilemmas:
1) w1 took 4 days to unfold, so it became too crunched for time to fit 5 waves in
2) what ew count would the crazy lines to the right be?  A gargantuan oversize w4?  That didn't make sense

...in swoops Tactical Strategist with this chart.

Perfect!  Three waves down for an X count and a big Y up!  That matches my time chart.

I can NOT say if the levels he shows in the chart is correct nor the angle of the waves.  I can only endorse the form.   And the way I trade, I don't really care too much about the levels. I only care about what day do I enter and what day do I exit.  Levels are just mildly interesting.   Elliott wave helps me to time my exit and gives me a general road map through time.   That is, calendar first, then EW, then levels or anything else last (if at all).

So if you buy Tactical Strategist's ew count like I do, let's talk about the next couple of days.

The high was on the 19th.  Then 4 days to the next low.  If we count days in the legs to the July 4 low, will it be:
4:1:5
or will it be
4:2:4    ?

I personally like the 4:2:4.  When you look at the one day, it looks a little thin, but it's still possible.


It doesn't really matter which for my strategy which is to place an entry stop below today's candle.  If tomorrow makes a higher candle with a higher low, I'll put my entry stop under that.

Obviously if some crazy whipsaw event occurs, I'll eject out of the trade.

Also the vehicles I use for all my trading is UPRO and SPXU.  It keeps it simple between my primary trading account and my IRA.  I only trade the S&P and I devote all my time to studying it relative to calendar systems.  I don't have time to fool around with options and greeks and crap.  Easy in, easy out.

Also, I'll go all in and bury my entire account in the trade.  I don't bother with scaling in and out or anything.  I'd like to think I've reached a zen state where I don't really care about this money. Might as well just slam it all in there.  If we're gonna get rich, let's make it happen.

Let's look at some astro charts.

This one shows heliocentric (sun centered) Venus lines going through Geocentric (earth centered) Mars.  Intersections seem to happen at turning or consolidation points.  I stumbled upon this by accident.  Why does it work?  Damned if I know.  But I use EW and don't know why that works either.

It's not clear whether turn will happen today or tomorrow, but as I mentioned, it doesn't really matter for my setup.

This next one shows planet aspect.

Tomorrow shows the sun crossing the 24 line on the Gann wheel.  Ignore the candle shape, it's just a copy of the one on 6/1.   My interpretation is energy and possible turns yesterday, today, and tomorrow. The next one (6/28) is a zero degree angle between the moon and Uranus, which historically doesn't seem to do much of anything as far as I can tell (limited sampling).

Lindsay charts have no data to interpret in that that area.

That's what I have.  Good luck everyone!

Good morning everyone.

I've been checking out all kinds of new stuff tonight...Gann wheels, Galactic Trader software.  I'm still in the middle of checking that stuff out.  It will take some time.

...anyway here's what I'm seeing and my calls for the next turns.

I've been debating the 25th.  My primary (Lindsey) chart has both a green and a red line on it and I believe there's a Jupiter/Sun interaction there too which does seem to affect price and cause turns (I've added a new chart where I'm starting to check out Astro stuff.  The vertical blue line shows where the Sun/Jupiter interaction is)

However:

1) The last two turns have been at full moons (candles with dots on them on the astro chart).  I think that trend will continue to (at least) mark the end of the next leg

2) I believe foolsgoold's 21 count ended early, but then hits that early July area if you count 21 ahead again

3) My ace-in-the-hole is my custom time chart where I've drawn my prediction in yellow arrows according to the pattern the lines imply.   

I'm not AT ALL sure about any levels I've drawn, I mostly deal in calendar days.  But it seems about right we'd re-test the last low.

Also it seems about right that we'd get multiple H&S patterns to mess with our heads

I had very high confidence about that last turn happening between Jun19-25.  This next turn, less confidence but still a real good feeling.

Good luck everyone