Ciovacco declares bottom is in.

https://www.youtube.com/watch?v=5ITDzmzes8I

In the bear markets of the last 22 yrs, on a monthly chart of SPX, when end of month price closed above the midline of Bollinger bands(21 ema) which is  usually flat by then, The Bottom is in and will not be exceeded on retracement. See arrows. 

Objective evidence, not prognostication. Trade your plan!!

When Wave 1 extension exceeds 161.8% of Wave 1, it is unlikely a Wace C and much more likely an impulsive Wave3.

Makes a big difference if I am a long term investor! I am not a day trader spending everyday of my life looking at a computer screen... 

Tech and small cap leading the rally. IWM weekly above trendline challenging the 40 WK ma. Are we in a BULL market or is it me?? HELP!!LOl

Thanks

Steve: what does it mean if Wave C extends beyond 1.618% of wave A?

TGT. Eventually that GAP will fill if you are willing to wait.

Excellent work nailing the top! Thanks Steve.

Cumulative NYAD way ahead of NYA price. Bullish 

The orderly pullback following payroll announcement confirms that Wall street prefers the Fed kills inflation quickly rather than inflation killing consumer spending. Makes sense?

XLK holds weekly trendline break and 35 RSI and Stock above 50. Now we wait for successful retest and rise to the 40 WK ma at 151.. That  should be significant resistance. THEN WE RETEST THE TRENDLINE AGAIN..

keeping an open mind as you always say. 

XLK BREAKOUT..DON'T FIGHT THE FED!!

I don't know much about indicators but I hear they follow price! Watching price of XLK holding above 30 WK MA and giving serious consideration to breaking down trendline. If it does and holds on retest, I am backing up the truck. Time will tell...

XLK WEEKLY

Could this monthly Bullish engulfing mark the bottom of correction?

is this indicator free on TOS? how do you set it up? TX

other favorites: COST,ASO,NVDA,ABBV

Amzn showing evidence of accumulation before breakout. Target: closing gap at 135.

SPX WEEKLY CHART...My Hunch: 12-13% correction (Target: SPX 3800-3850) to 50wk SMA, retest of Broken highs trendline, and 38% Fib. retracement of W3 /of i of Bull WII 

Will find out tomorrow. One strategy will be to put half of account in cash and split the other half equally between : AMZN,NVDA, and COST. Turn off computer and go to my mountain log cabin and fish for 5 yrs.