Remember that NDX is not in control... SPX & VIX are.
So AAPL didn't follow AMZN, GOOG and FB, following the realease of the earnings report. Here is AAPL with extended hours prices. Both counts are valid but we channel well here. You know what that means (=likely corrective).
Same applies here: we need to wait and see if we are done with this upward structure or not. Is there an ABC in subwave Z of the triple ZZ (red count)? Looks impulsive. Coming price action is going to be key.
Apologizes for the change in colours, I will try to keep a more standardized format from now on between the cash and the futures S&P 500 indices. We have a clean 5-wave move in green 1 or red A. Futures are down in pre-market, we might not get our 7th swing to make our pink flat X possible.
Although subwave B looks disproportionate, the rest is clean with a complex subwave B , 1:1 extension being respected, and some nice channeling. Whatever the count, we may have found a top here.
SPX & BTC correlated & synchronized
Green box: 23.94-24.81. You can't see it well here but the green box is right at the upper trend line support, in this chart here:
Like Several Stocks, AMD Could Be in a 1212 Structure
Is AAPL Going To Follow AMZN, GOOG & FB?
FB following AMZN and GOOG. Bottom could found be in the indices. SPX won't go down without the huge caps.
Very difficult to know if the C of the proposed big triangle is in. The alternate counts are not out of the picture, yet. At all. What we can see, by stepping back, is some sideways price action that has last 2+ years. The incredible volatility and noise brought by external factors such as the Chinese FUD and especially the recent crash in traditional markets have...
Possibly the most important chart right now... especially if you are a bear. VIX futures still holding.
This is the look of the (bullish) semi-annual candle. 2 months remaining before it closes.
SPX at Daily RSI Bearish Market Support?
The red count remains my primary as long as the VIX holds its Fibonacci support. 0.65 fib still not breached in SPX futures. All options are on the table. We will not hesitate to switch bullish if the appropriate signals come.
Nasdaq 100 Futures (4H) / Bullish & Bearish
If you are a bear, this stock will make you doubt to say the least... W3 after 1212 formation (green)? Or impulse (orange)? Bullish if we break the 0.65 fib. Lets see how it behaves at the market open.
Are the S&P 500 futures going to ignore this bearish daily candle for the third time in a row?