Elliott Wave, Halloween and Day Trading the S&P 500

The last two trading session were spooky. Ha? I hope tonight found you in a safe place with your family and if you happen to be "trick or treating" then you are going to love what I had in store for you ...

Now how about a treat?

Yesterday I gave up some Halloween treats on the S&P 500, Gold and the US Dollar and showed what Elliott Wave, Halloween and Day Trading the S&P 500 have in common.

Click here to learn more before this market scares the be-jesus out of you. 

Best of Trading

Mike Sinibaldi

P.S. Please do me the favor and let me know what you think by sharing your thoughts with a friend or commenting on the page itself.

P.S.S. It scares me even more to think about the valuable market insights you are missing when you don't log-in to my website every day and read my Elliott Wave Brief every morning. SO if you are not a FREE subcriber to mikesinibaldi.com then click here to gain immediate access.

DJIA Breaks Elliott Wave 2-4 Trendline

DJIA broke proposed 2-4 TL dating back to 1/2013.


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LEGAL NOTICE: The material published herein is published by Sinibaldi Analytics, LLC and is subject to our Terms of Service Agreement. The material may be used for informational purposes only. The information contained herein, should not be construed as a solicitation to buy, sell or hold any investment or particular instrument; is impersonal and has been prepared without regard to your individual investment objectives, financial situation and particular needs and should not be construed as personal investment advice. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions. Past performance is not indicative of future results.

The information contained herein are also the opinion and general comments of the Editor and are based upon information that the editor considers reliable; however, neither Sinibaldi Analytics nor Editor warrants it's completeness or accuracy and it should not be relied upon as such. Any statements and or opinions are subject to change without notice and there is no obligation to update or correct any content provided in the publications or website. Sinibaldi Analytics and the Editor are not liable for any errors, omissions or incomplete or out of date information.

$AAPL : A Practical Real-Time Example of Elliott Wave in Use.

An example of why elliott wave is so powerful for those who want to learn. Nine minutes before today's open, I released this observation on $AAPL  Click here to read it then, scroll to the top of the page watch the entire video and then read the entire sequence of observations.

Best of Trading


LEGAL NOTICE: The material published on the mikesinibaldi.com website; including, The Sinibaldi Daily Digest, Sinibaldi Report and Mike Sinibaldi's Wave Advisor Newsletter is published by Sinibaldi Analytics, LLC and is subject to our Terms of Service Agreement. The material may be used for informational purposes only. The information contained herein, should not be construed as a solicitation to buy, sell or hold any investment or particular instrument; is impersonal and has been prepared without regard to your individual investment objectives, financial situation and particular needs and should not be construed as personal investment advice. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions. Past performance is not indicative of future results. The information contained herein are also the opinion and general comments of the Editor and are based upon information that the editor considers reliable; however, neither Sinibaldi Analytics nor Editor warrants it's completeness or accuracy and it should not be relied upon as such. Any statements and or opinions are subject to change without notice and there is no obligation to update or correct any content provided in the publications or website. Sinibaldi Analytics and the Editor are not liable for any errors, omissions or incomplete or out of date information.

How To Use S&P 500 Elliott Wave Scans to Spot Opportunity

Every day I compose and publish a list at www.mikesinibaldi.com of S&P 500 stocks that have the greatest percentage increase above their average volume in the past 30 days or that exhibit gaping characteristics within elliott wave patterns. Usually, these traits are a sign that institutions may be buying or selling stock and make a great list of stocks to watch for further investigation.

Today I'd like to show you how to effectively use those scans with a most recent bullish candidate.

Click here for details.

Best of Trading

Why I'm So Stupid Happy

Hi Everyone,

Here's a quick update on the progress that I'm making with my new website, "Sinibaldi Analytics" and of course, I couldn't do it without you.

The results are in and the traffic to my new website : mikesinibaldi.com  after the first month is already 1/2 what it took me three years to achieve with this free blog. That's proof positive that while this blogsite served its initial purpose, it did create a handicap for you and I and that you really do find my products and service valuable!

Visitors loved my 'cover it live' event of Apple earnings, including charts, news and of course my live comments and insights.

Just today I've added polling and rating features to complement the existing sharing features of the site. You can now interact more with the community of growing elliott wave traders and investors; rate my blog articles and comment directly to me and to subscribers posts.

With that said, I'm not done because I have an agenda ...in that I want you to learn how to use elliott wave, the best way from me - PERIOD!

And that means that I need to make certain commitments to you so you get all the training and everything you need to make awesome decisions in real-time. That's where Elliott Wave Live, a comprehensive educational platform and web portal comes in .... soon!!

So please, Sinibaldi Analytics would  appreciate your feedback and your opinions are very important to me. Hearing about what you think helps me improve my products and services and gives you the opportunity to tell me more about the challenges you face when investing and trading; what's missing from other elliott wave educational and training services and whatever else is on your mind.

So please head over to my website if you already haven't visited it and complete my short survey.

Please select the link below to take the survey:
Take the survey now

Thanks you for sharing your experience.



Dedicated to Multiplying Your Investment Account,


The Sinibaldi Analytics Support Team

Chart of Day: Caterpillar - A unconfirmed Dark Cloud Cover

At the weekly chart level, Caterpillar, ticker symbol... CAT,  may be forming a bearish 2-bar pattern such as Dark Cloud Cover or  a  Bearish Engulfing Pattern. 

As of today, the pattern is unconfirmed but so long as price closed within the bottom half of the previous weekly bar, or engulfs the entire bar.... either pattern will be confirmed.

Yet, there is more information to be gained from this chart. While the elliott wave count has been removed for illustration purposes, notice that the pattern has developed at resistance.

Let's first see if the pattern confirms!

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

Keep It Simple : DJIA

Yesterday I posted this chart on Twitter and asked what do you see? I received several interpretations from readers which were correct but responses didn't touch upon the real takeaway that I had in mind. Quite possibly, additional interpretations were made by many others.

The purpose of this post, as a follow up, is to highlight some of the conclusions that can be made without an elliott wave overlay to evaluate a market.

1. The trend up
2. Price remains bound within a large channel

The initial trendline drawn from the 2009 low extending to the first intermediate trough (July 2010) had a slope of ascent that was unsustainable and resolved in August 2011 with a break of the trendline. This lead to the second intermediate correction. The second intermediate trough forced an analyst to redraw the initial trendlines (now blue lower and parallel upper return line). 

From August 2011 low, price rallied higher but has failed to:

• retest the underside of the initial trendline and 
• reach the upper boundary of the return line

That is your first significant sign that the trend is slowing!

This progression of slowing momentum is illustrated with each set of channel lines. Notice that in each advance, price failed to reach the upper return lines confirming a deceleration of trend. 

Note: You may also confirm this by using your favorite momentum indicator. 

At yesterday's close, price is testing the upper return line of the last drawn channel. This is a resistance zone and the test thereof may bring in responsive selling. We'll see. 

CONCLUSIONS

My point is, the chart shows traders and investors that the advance that began in 2009 is maturing and will continue in the direction of the prevailing trend until evidence manifests which prove otherwise. It doesn't matter what the elliott wave count is or what degree of trend.

While I assume most are still looking for entry into this market, given the mutual fund inflows. However, prudent investors might review their existing positions and contemplate the use if trailing stops, taking some profit and above all looking for reversal patterns!

I hope you found this helpful and as always....

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

Corn May Be Ripe For Picking: Follow the Trade

Corn Set Up May Be Ripe For Pickings....

I've been following the impulsive move in corn for awhile and I believe that corn is nearing a position where a possible trade setup is developing. This set up comes on the heals of my previous work featured here and in my opinion may be one of high reward / low risk.

Note: The following work was completed last evening so there may be some progression in price that differs from these time stamped charts. 

Since I intend to take an actual position in the ETF, ticker CORN, rather than the futures contract, readers will have to use this blog post as a guide when labeling their CORN charts. 

Over the next few weeks, periodic updates will be made so that readers can learn how I'm actively using elliott wave in real time with regard to order entry, risk management and taking profit. It should provide an excellent learning experience!

The Analysis

At the weekly chart level, Corn is advancing impulsively in five waves, of which w. (5) is underway and  mature in the fact that only w.5 red is needed to complete the move before a meaningful top is in place.

A typical elliott wave Fibonacci target for a w.5 = .618 {w.1 - w.3} at 914^4

Turning to the daily chart level, I've labeled the subdivisions of w. 4 and waves w.i and w.ii circle of w. 5 appear to be complete. Should my analysis be correct, price progression should follow the general outline provided which becomes my trade plan for this market. 

The Set Up

Dropping to the 4 hr chart, my trade plan shown at the daily chart level now includes the internal subdivisions of the w.iii circle advance. 

In order for me to consider risking my money, I'm looking for an entry that limits and clearly defines my risk while maximizes my reward. 

Pre-Trade Conditions: 

1. Corn must sketch out the remainder of w.(i) without any overlap of 745^2 (w.i extreme). In doing so, a five wave advance occurs that doesn't break the rules for impulsive waves. 

2. According to Elliott, an actionary or trend wave (5 wave move) is followed by a reactionary wave that develops in 3 waves, therefore a w.(ii) counter trend move should occur. This corrective move CANNOT print below 732^4 or the count becomes invalid.

3. Ideally, the depth of the retracement of w.(i) will not go beyond .618 w.(i) which will be calculated after the w.(i) advance has terminated. 

We'll leave it there for now. My next post in this series will review that the pre-trade conditions were met;  describe w.(ii) in further detail and set forth the conditions of the actual trade. 

Until then.....

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

ES_F : Bull Scenario

I'm always being objective here at elliottwavelive and as a trader using elliott wave in real-time, you better be nimble. Nimble requires me to always evaluate the "what-if" so here is a possible bullish scenario which if proven correct may lead to another recovery high. 

I make this post and do the homework so that when and if the market decides not to fully comply with my thesis, I know what to expect. 

Bottom line the game and the playing filed isn't fair. You have to think like a pro and frankly anticipate how they plan to steal your money. 

Best of Trading 

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blog site.   

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article.     

Coffee Update and a Review of Wave Personality

After a volatile month of July, a review of the the decline from 192.2 has not yet proven itself. One could come to the conclusion that this market remains under pressure and you would probably be correct in your assessment. To what extent?

If the pressure truly remains to the downside and 150.10 will be surrendered, price action over the next two trading days must exhibit the personality of a third wave move.

From the 240 min chart, I have labeled what type of price action represents a third wave move AND what would not constitute one. In a third wave, we should see several days of heavy selling as price extends to the downside in long bars. This would bolster my labeling and my interpretation offered in my personal trade plan.You can read more about that trade plan at :  Elliott Wave Live: Coffee Anyone?

If we don't start seeing this market extend and see what I have described as "Not This", the possibility exists that either the bottom is already in or a more complex corrective move may be unfolding.

In conclusion, the correct use of Elliott Wave balances price with wave personality (structure). So make sure that you apply the applicable rule of wave personality to your wave labeling efforts. You'll see better results!

I hope you found this education tip helpful and...

Best of Trading


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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blog site.   

Using Wave Patterns In Isolation: Aussie Dollar

All too often I see  traders struggle with longer term wave patterns. Their desire to correctly label the chart often leads to one's inability to be nimble. 

The weekly chart of the Aussie Dollar shows a triangular wave pattern. All an elliottician needs to know is that  price should remain in a sideways fashion until the pattern resolves. Since, triangles can only be found in w.4 and w.B or w.e of a triangle, labeling the adjacent waves becomes irrelevant (except under 3 below) and we know that price will make a final thrust move to new highs in this case.

This frees up a trader's mind and allows one to trade the pattern! 

Since triangles are present right before a terminal move, traders have the following options when day trading triangles:

1. Trade the three wave swing of w.b, w.c, w.d, w.e.
2. Wait until w.e concludes and go long.
3. Reverse after the trust out of the triangle reaches it's termination point.

Of course, you must follow your individual trade plan for entry. The wave principle is only a guide to market position and an anticipated market direction.  

In conclusion, I find that KISS (keeping it simple stupid) applies best to using elliott wave in isolation.  I've been wrong many times as to the duration of the move, but getting the initial direction correct improves the probability of a successful money making trade. 

I hope you found this lesson helpful and ...

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blog site.   

Silver Tongue Chart

Recently I was reviewing some charts of markets that I don't actively trade and I came across the chart of Silver.  
By definition,  "Silver Tongued" is having or exhibiting the power of fluent and persuasive speech; eloquent.

The monthly, weekly and daily chart levels of Silver are eloquent indeed. 

Watch my video, entitled,  "The Silver Tongue", a monthly, weekly and daily chart level discussion of Silver futures; dominant elliott wave patterns and SLV (silver etf). 

See how I'm approaching this market.

Best of Trading 

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blog site. 

Natural Gas Chart Update

The chart above is what I left readers in my video.....  Elliott Wave Live: Is It Really Time To Be Bullish Natural Gas?

From the weekly chart, price action has not made any significant advance that confirms a bullish w.1 and negates a w.(4) counter-trend interpretation.

Dropping to the daily chart level, what we do know, as of the time of this post, is the following:

• Price remains within a corrective price channel.
• The move from w.(3) low appears to be in a sharp, three wave zig-zig.
• Price traded to 3.06, very near the level where w.c = w.a @ 3.088

While each bullet point favors a corrective interpretation, only price can confirm a wave count. A price break of 2.659 (key support) may bolster my interpretation, but other bullish scenarios could be applied. Therefore, according to my personal trade plan, I can afford to remain market neutral as described within my original post. 

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blog site.   

ES Update for June 25 - 26

Yesterdays big down at the open shouldn't have surprised elliott wave practitioners.  We were following the final subdivisions of an A-B-C correction that once complete, would lead to another round of selling. For a more detailed review of Friday's post  click here.  

Above is the all session , 15 min chart as opposed to the daily session chart above. Fast moving impulse waves can be initially difficult to label  UNLESS we know which wave is the extended wave.  I've now added some wave labels to describe the decline from the 6/19/2012 high which represent my preferred wave count. While it remains to be seen as to whether w.(iv) is already complete or develops in a more complex fashion, I'm looking for another wave down to complete this five wave sequence once w.(iv) is confirmed complete. 

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 


Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 


A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blog site.