I have been asked a few times if there is a free week trial. The simple answer is that is no free trial, the reason is that people take advantage of my good will. As when you offer something for free, what happens is people take advantage of that and continue to abuse that by making new emails and use a false name and then extending the free trial etc.

So in order to overcome that and stop people abusing the free trial I am offering a 1 week trial for a limited time for the price of $1.00. You will need to make a new account if you dont already have one and use the discount code to adjust the price and either use your PayPal account or a credit card to make a payment.

So if you have wanted to take a trial then now is the time, for a small cost of $1.00, the usual price is $14.99. Hurry up soon as this price will not be around forever.

Click this link to go to the checkout form for the 1 week trial, then make sure to use the discount code to adjust the price to $1.00 before checking out.

Please note: ONLY one trial per person. Your details are logged and the system will cross reference them to see if anyone tries to take another trial after the 1 week trial ends.

Sign up here  CLICK HERE

Discount code to adjust the price to $1.00 – 86E54C78A9

Please write down the discount code as there is right click protection on the site, so you will not be able copy and paste the code.

Regards

NB: The promotion has now ended, I want to thank all those that took the time to take the trial.

The recent gyrations between Jun – Aug 2018 appear to count well enough as a running triangle. For those readers that have some knowledge of Elliott Wave, will note that a triangle is a very common pattern for a 4^th wave of an impulse wave. I am counting the current decline from April 2018 as a 5^th wave of a larger impulse wave that started from the 2016 highs (2016 lows on the Russell 2000).

It’s possible to now count a completed thrust from a 4^th wave triangle, although until we see a strong move back above 14.00, then wave 5 of wave [5] may still extend lower. A small 5 wave advance on a 15-30 min time frame would be a good sign to support a low in place.

Many people are fearful of bearish ETFS as they seldom like to trade the markets on the short side; I personally think the bearish ETFS have a role to play in the markets provided that you can time your entries as close as you can to major turns in the markets. This is where Elliott Wave can offer an advantage over other forms of technical analysis, whilst Elliott Wave is not perfect; I still feel it’s an edge in the current environment.

In Bear markets, the bearish ETFS will play a major role. If the current move on the Russell 2000 is the culmination to the advance from the 2016 lows, then as the Russell 2000 declines, TWM will rally. So even if you did not want to directly sell short the Russell 2000, buying some TWM could also be used as a hedging position against any bullish positions you may have.

Until we see a strong move above 14.00 on TWM, then traders need to respect the current strength on the Russell 2000, but if the current idea on TWM is correct, then I am expecting a strong move lower on the Russell 2000 soon, so by default a rally on TWM.

“The Russell 3000 tracks the performance of the 3000 largest US traded stocks which represents about 98% of all US incorporated equity securities” Source – Google.

Essentially that means the Russell 3000 is a fair representation of the US stock market, so if the advance is close to ending 5 waves to complete an impulse wave from its 2016 low, then there is a strong chance that a decline on the Russell 3000 will coincide with a decline on other US stock markets.

Overlaying the Russell 3000 with the SPX gives us a near perfect match, so in a nutshell; the Russell 3000 and SPX are one and the same market. The current advance appears to be in the late stages of wave [5] of an impulse wave from the 2016 low. When wave [5] finally does complete, a significant decline would be expected, until we see a big move under 1650 as well as a strong move under 2775 on the SPX, then further upside could still be seen before wave [5] finally completes.

According to ETF.com AMZN represents 24.37% of XLY, so it stands to reason that whenever AMZN reverses and moves lower, we should also see a sustained move lower on XLY. I have been tracking XLY for clues to both AMZN and the NDX. Based on the weighting of AMZN it will have a big impact on both the NDX and XLY.

Looking at the advance of XLY from the 2016 lows, it counts well as a possible impulse wave (5 wave advance). However until we see a strong break back under 110.00, coupled with an impulsive decline we still don’t have any evidence to support a breakdown. It could still chop a little higher before wave 5 of [5] is completed. If the current wave count is close to completing an impulse wave from the 2016 lows, then a break lower on both AMZN and XLY is close at hand. If AMZN breaks down, it should also coincide with a move lower on NDX based on the weighting effect of AMZN to the NDX.

The recent gyrations of XLY are much cleaner than the recent gyrations of AMZN. Hence XLY could well be the key to AMZN.

Watch the 110.00 area a strong break of that area I favor sees a more sustained breakdown and likely sees AMZN and NDX move lower.

There are number of ways to count the recent gyrations, one such way is to suggest an expanded flat from the Feb 2018 lows. The initial rally into the Feb highs appears to be in 3 waves. The subsequent decline into the Apr 2018 lows can be counted as a 3 wave decline and the current set of overlapping waves from the Apr 2018 lows can be counted as a possible diagonal which can end an expanded flat pattern (3-3-5) from the Feb 2018 lows.

It would look better if a minor new high was seen to end wave [v] of the ending diagonal idea to end wave [c] of a large expanded flat pattern that has been going on since the Feb 2018 lows.

If the current idea is correct, then a minor new high can setup for a large decline back under the 23500 area and likely a move towards 23000 or lower.

Sign up here to get updates for the SPX & NDX as well as other US markets  CLICK HERE

Further details can be found on the pricing page. CLICK HERE