FB update: one more wave up underway

In my previous updates on Facebook (FB), see here and here, I thought a larger top was struck at around $155, but I was wrong. Yes, we all are wrong till the market proofs us right; and what we then have to do is to see where we went wrong so we can get better…

S&P500 now on track for 2485-2505 target zone

In last week’s update of the NDX, see here, I correctly questioned if an important top was struck or not; and was correctly seeing higher prices regardless.  I ended my update on a Bullish note “The two prevailing counts on the S&P500 are … : major-3 top in, vs minor-5 of intermediate-v of major 3…

Will the NDX determine where the SPX goes next?

This is an update to the July 8 Premium Member Weekly Digest. 4th waves tend to typically retrace 23.6 to 38.2% of the prior 3rd wave. In this case intermediate-iv of intermediate-iii on the NDX, and these retrace levels correspond to $5600-$5414. It is impossible to know before hand which retrace level it will be…