mikeoakster

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About me Portuguese part-time trader, trading with Ichimoku, giving a look into Elliott Wave.
Joined Lisbon, Portugal
Markets Allocation
38 % indices 62 % other
Top Mentioned Symbols
FX:SPX 56% | 80 INDEX:SPX 36% | 52 TVC:SPX 5% | 8 PSI 0% | 1
mikeoakster mikeoakster SPX500, 60, Long ,
SPX500: Correction over?
58 0 5
SPX500, 60 Long
Correction over?

Head to a new all time high?

mikeoakster mikeoakster SPX500, 60,
SPX500: Almost there?
70 0 3
SPX500, 60
Almost there?

Plan: 1) Bearish pullback for Subminuette wave iv; 2) Bullish Impulse for Subminuette wave v, completing the impulse for Minuette wave (c) and the zigzag for Minute wave ((b)). 3) Strong bearish impulse for Minute wave ((c)), completing the expanded flat for Minor wave 4. Or not. All my target calculations point to the 2405-2407 region. Opinions?

mikeoakster mikeoakster SPX500, D, Short ,
SPX500: Alternate?
109 1 5
SPX500, D Short
Alternate?

Watch out for the top of the brown channel, cause if price gets rejected there, we would be having a completed series of three waves up, meaning three waves down would unfold to complete a wxy double zigzag. And to have alternation between Minor waves 2 and 4, that could mean a triangle could be unfolding, with the touch on the base of the blue channel taking ...

mikeoakster mikeoakster SPX500, D,
SPX500: So far, so good
182 1 7
SPX500, D
So far, so good

Price seems to be going down now, but then we'll see if it displays an ABC pattern for then resume the rally till a new all time high, or if it displays an impulse, in which case a different corrective pattern for Minor 4 will take place. I still consider the expanded flat pattern to be my favorite because: - I can count Minuette wave (b) only as a Flat+Flat ...

mikeoakster mikeoakster SPX500, 60, Long ,
SPX500: Trending up?
109 0 5
SPX500, 60 Long
Trending up?

Go bulls, go!

mikeoakster mikeoakster SPX500, 120,
SPX500: Keeping a plan?
102 0 6
SPX500, 120
Keeping a plan?

Among the several alternatives still possible (as always, there are many), it looks to me my initial plan is still one of them...

mikeoakster mikeoakster SPX, W,
SPX: @ Cash
156 9 6
SPX, W
@ Cash

Hi. The running flat count I propose for the futures chart doesn't look good to me In the spot market, therefore here I go with the nested 1-2 instead. For having alternation between Minor 2 and Minor 4, as the former was sharp, the later should be sideways, hence the triangle (the flat scenario is about to become unlikely).

mikeoakster mikeoakster SPX500, W, Short ,
SPX500: Getting scary?
101 0 5
SPX500, W Short
Getting scary?

Keeping an eye on a sooner than later danger...

mikeoakster mikeoakster SPX500, 240, Long ,
SPX500: Let's rally?
133 2 5
SPX500, 240 Long
Let's rally?

Minuette (b) could be over, and a set of five waves up and three down could also be completed, opening the road for a potential first wave up in Subminuette degree. If so, we could be heading for a new all time high, which will probably be a false breakout, so then a strong downward impulse unfolds, in order to complete Minor 4.

mikeoakster mikeoakster SPX500, 60,
SPX500: More correction?
92 0 2
SPX500, 60
More correction?

One more wave B, one more extended correction... they enjoy consuming time without getting anywhere...

mikeoakster mikeoakster SPX500, W,
SPX500: Weekly
126 0 7
SPX500, W
Weekly

For this count, I see no changes.

mikeoakster mikeoakster SPX500, 60,
SPX500: ED?
106 3 8
SPX500, 60
ED?

Hi. The rally from the most recent low looks corrective to me, therefore I'm expecting a new drop, which could be the final leg of an ending diagonal, that way completing the expanded flat. Or not.

mikeoakster mikeoakster SPX500, 60,
SPX500: EF?
108 1 5
SPX500, 60
EF?

Not easy... at least, I got it right in that price wouldn't go right away for a new all time high, meaning Minuette (b) or (ii) was not complete yet. If the correction ends at around 78,6% or 88,6%, as these are retracement levels more common for 2nd waves, perhaps it will be Minuette (ii) instead of (b). Do you agree?

mikeoakster mikeoakster SPX500, 60, Short ,
SPX500: EED @ EF
121 1 4
SPX500, 60 Short
EED @ EF

Maybe that's what's going on (expanding ending diagonal to complete an expanded flat for minuette wave (ii). If so, subminuette wave v would have to be bigger than subminuette wave iii...

mikeoakster mikeoakster SPX500, W, Long ,
SPX500: Medium term plan
115 0 6
SPX500, W Long
Medium term plan

Hi. After a Minute wave 2 (green) that was deep (78.6%) and could have had a sideways shape(zigzag-flat combination pattern), we could have had already a complete Minute wave 4 that was shallow (23.6%) and displayed a sharp shape (zigzag pattern), meaning the 2-4 alternation guideline for impulses would have been verified perfectly (in deepness and shape). If ...

mikeoakster mikeoakster SPX500, 15, Long ,
SPX500: Sky rocket?
73 2 5
SPX500, 15 Long
Sky rocket?

As I see it, each impulse has been followed by a zigzag or double zigzag. Each impulse has also been reaching a higher high, while the following corrections have been ending at a higher low. Besides that, each impulse has not been reaching the proper Fib target for a 3rd wave. Therefore, I see this progression as a series of nested 1-2, which could mean the ...

mikeoakster mikeoakster SPX500, D, Long ,
SPX500: Some changes
129 0 7
SPX500, D Long
Some changes

Sharing some changes in my preferred count.

mikeoakster mikeoakster PSI20, M, Long ,
PSI20: Portugal olé!
14 0 4
PSI20, M Long
Portugal olé!

Com'on Portugal, you're an amazing country, so... let's go rally accordingly!

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