Bullish interpretation. The triangle 4 is speculative here.
Although, we see this poor channeling again, hard to believe this isn't an impulse (slope, extensions, 2x)... Another stock to watch.
AMD Following its Triangle Elliott Wave Path
AMZN (2H) / Bullish & Bearish Elliott Wave Counts
The bullish count could be slammed if the S&P follows its red path. The relationship between NDX and SPX has been a bit strange since the bottom with NDX seemingly leading the SPX. In case of a systemic risk or market event, everything follows the VIX and SPX so beware.
SMH (1H) / Bullish & Bearish
MSFT (2H) / Bullish & Bearish Elliott Wave Counts
Win-win setup: ride W3 or WC. Green box: 9283-9845. Confluence in the green box: lower boundary line of the channel in semi-log scale, ML of the channel in arithmetic scale, GZ, gap in Bitcoin futures. Check our charts in our Discord group for more details.
Indices still reluctant to go South. Patience is key. Daily Vegas waves currently supporting us.
Now here is the big story: looks like NDX is not synchronized with SPX... As mentioned in the S&P's technical analysis section of our Discord, we have no alternation within this weak impulse (W3 < 1.618*W1) and prices channel well.
Bullish: 5 waves off the lows; Some huge caps are bullish (AMZN, GOOG...); Prices squeezed between the daily and 4H Vegas waves and still not dumping; Hidden bullish divergence on the 12H RSI; Daily RSI bear market resistance around 50 seemingly reclaimed. Bearish: Geometry is horrible (upward pitchforks median lines untouched, prices channel well); Volume...
S&P 500 CFD (4H) / Bearish & Bullish Elliott Wave Counts
Not touching the median line of the pitchfork, each time here, is a sign of weakness...
SPX500 is possibly finding support above the channel upper boundary line. Lets wait and see how we close the daily.
AMD in the Golden Zone Right Now