maikisch

maikisch

Whereas, I can account for an extended wave 3 hitting the 200.0% fib extension, I have no standard pathways for wave 3 extending past that fib target. Granted that is not to say that sort of price action is impossible...but this is rare. SOUN is in no man's land...so we continue to look to the next fib area, and so on. Best to all, Chris

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Much has been made about the recent parabolic price action of SOUN. The news is confused if the stock price will collapse or if whales are involved and take this much much higher. I, on the other hand, have a more calm view, as the price action has been fairly predictable in terms of hitting standard Elliott Wave Fibonacci extensions. My perspective is as per...

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In this week’s update, I’d like to delve into something that I consider probably one of the most important, but in the realm of my career, probably one of the last consequential decisions I will make in my time being affiliated with Markets. The potential of a Super-cycle topping event. This next week is my birthday. That got me thinking about my career. I...

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Bitcoin has been subdividing higher fairly normally in an extended wave 3 of 5. Currently we have no indication wave 4 is done retracing and/or consolidating. That only is confirmed when price breaks back above the recent highs just below $100k. However, upon getting into our wave 5 target box, and in the larger perspective...Bitcoin is topping in a Cycle wave...

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As I have long forecasted, Nvidia is coming into a top of either primary or intermediate degree proportion. The answer to that burning question of mine I believe gets answered in the depth of the price action's retracement lower. Determining this answer, for me personally as an analyst, is whether or not that eventual retrace can hold above the $90.68 level,...

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I have long stated that the upcoming earnings catalyst will develop into a sell event. When I last updated I was anticipating an incremental new high and possible double top for intermediate (B) into the confluence area of the larger and shorter term 100.0% fibonacci extension areas. Although we have exceeded that area for a double top, we're still in the target...

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Nvidia has arrived in the target box for our intermediate (B) wave high. Can we extend in the target box? Yes. However, two things are top of mind to this analyst. 1) The earnings catalyst mid-November is a "keep hope alive event". Therefore, I do not see big trader commitments prior to that. If we go up further into the target box...it will be an overlapping...

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We are now just a point from my long held target of a double top, in what I am counting as an irregular (B) of intermediate degree. Since price is behaving accordingly, I will not expand on what I have been forecasting for some time except to say that if shorting Nvidia in this area (as with any trade) make sure you are using stops...but best to wait for 5...

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As I have discussed many times previously, we are about to enter the stage where triangles typically will break apart. What will constitute the triangle breaking apart is for price to breach either our purple (a) wave high, or our purple (b) wave low. Price must continue to constrict to maintain the integrity of the triangle. Nonetheless, in my primary analysis...

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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.

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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...

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

maikisch

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...

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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...

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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 

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...

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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...

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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...