Author: Daneric

The SPX is almost at another all-time high. Just a little bit left to complete the wave structure from the April 2025 low.

And on the smaller scale, the final Minor wave 5 has a little more work left.

I really like both counts. Both imply that this wave structure since the April low is almost complete or is already complete. We’ll know soon enough.

There is a certain symmetry in both counts.

If the market makes new all-time highs, I like this squiggle count. Target is just above the previous high around SPX 6920+ (ish).

Top 2 counts.

It could be a leading diagonal triangle followed by a deep and sharp price retrace. I like this option, although it is a reach. One can argue we did have a 5 wave move down although clearly not in an impulse form.

We’ve had the biggest price correction since April. Therefore, the top ALTERNATE count is shown as thus. We have a potential head and shoulders pattern forming over the last 6 weeks or so. The DJIA has made new all-time highs and obviously the NASDAQ and SPX have diverged.

This is probably the best count. It doesn’t violate any Elliott Wave rules. It appears another pop to a new high is coming.

Check out the Nikkei. It has some awesome wave counts. This is of course log scale:

Check out arithmetic scale. Just insane!

Gold went parabolic. The aftermath resulted in a 10% loss (at the least).

The NASDAQ is seemingly also going “parabolic”. A resulting collapse in price of at least 10% is predicted. But from the peak price point where that occurs has not yet been determined. But the more it goes up without pause, the more likelihood that a subsequent price collapse will occur. In other words, if you are one who is rooting for an epic price collapse, then you should be rooting for first a parabolic rise which seems to be happening. The recent parabolic rise is not long term bullish, but bearish is the argument. Getting the whole world convinced on the same side of the trade at the same time.

See what they do, not what they may say. It’s been overwhelmingly one-sided to the upside concerning equities.

Possible squiggle count:

Possible ending diagonal triangle

This count looks reasonable yes?

From the opening high of 9 October, its counts well as a 5-wave impulse down.

The following chart uses the Wilshire 5000, a better indicator of waves in my opinion, for the squiggle count since the April 2025 lows. Just looking at things objectively concerning the “best” count, the following chart is perhaps where the market stands as of today.

Please note the big “push” in later August to kickoff Minor wave 5. The channel has been obeyed. But objectively, the wave count points to yet another high coming.

And speaking of the Wilshire 5000, this of course is the index used in the “Buffett Indicator”. The Buffett Indicator: Market Cap to GDP – Updated Chart | LongtermTrends

Warren Buffett once warned that anything over 200% was a danger zone. We are in record territory.

So, Friday the S&P 500 gave lip service to “666” by finishing at 6664.36. Today, it’s corresponding ETF, the once very popular “SPY” finished today at 666.74. Additionally, the INDU finished at 46,381.54 which is within .0003% of a perfect Fibonacci sequence number of 46,368. Also, giving lip service to that number.

These are curious times. Symbolism is rampant it seems. Trump speaking tomorrow at the UN on the Jewish New Year, Rosh Hoshana. The 80th general assembly session of the founding of the United Nations, the very organization that “birthed” the founding of modern “Israel”.

The “Jews” that truly believe in their version of the “Messiah”, aka the Antichrist, believes this is the year it may be happening:

Statement About the U.N.’s Declaration of the Palestinian State

The NVIDIA announcement today of supporting Open AI to the tune of $100B is total bullshit. The “AI bubble” is no longer hiding, it’s in plain sight.

Nvida Stock Surges After Announcing $100 Billion OpenAI Investment | ZeroHedge