I called the TOP.
Now I'm calling the BOTTOM on $SPX.
A 3-wave WXY correction into the 200DMA for W4.
$SPX held its July lows while $NDX swept it, forming a bullish SMT.
Next, I'm looking the W5 advance to 8,000–8,400.
Invalidation at 7,350 (PWL).
Road to 10,000 continues.
I called the TOP on $SPX.
It's down 450 (!) points since my call.
Next I'll call the BOTTOM, and it's getting close.
Most people will catch the bottom call too late.
Just like the top...
THE ABC MODEL DID IT AGAIN
At 9:54 AM I told Elite members $ES had formed a bullish ABC pullback, with a rally to 7,635–7,640 next.
Price ripped straight into that target.
My members didn't just watch it.
They TRADED it.
THE ABC MODEL DID IT AGAIN
At 9:54 AM I told Elite members $ES had formed a bullish ABC pullback, with a rally to 7,635–7,640 next.
Price ripped straight into that target.
My members didn't just watch it.
They TRADED it.
ELLIOTT WAVE 2.0 COUNT QUIZ
Same $BTC chart. Three counts.
Only ONE of them is right.
A, B or C?
Reply with your answer + why.
One random right answer with a good why wins a FREE 7-day trial of EWC Elite.
$SPX IS SETTING UP THE NEXT LEG HIGHER
Price just left a new bullish daily FVG support behind.
I want a sweep of today's low into that gap.
A clean ABC down into it, then a reversal OUT of it, is the swing long.
A daily close below 7,444 is a bearish warning.
$SPX BOTTOM IS IN
Today's rally CONFIRMED the bullish WXY correction.
Next, I want this rally to extend a bit higher.
That should leave a new daily FVG behind.
A pullback into that FVG is the dip I'm buying.
New all-time highs come next.
While $QQQ has yet to make a higher high, but it produced its largest rally since the October 6 peak.
That suggests a higher-degree move is underway and is the first indication that the recent low could mark a bottom.
Still need follow-through to confirm it.
Signs are there though
The ABC bottom signature is showing up again.
Here are 4 names I’m watching.
$AMZN is the only one that has confirmed its ABC down.
That makes it the strongest of the group and the one that can act first.
$MU, $SMH and $GOOGL are still building theirs.
Once their ABC confirms, I want to be on side for the new bullish trend.
Until then, they’re on watch.
MAJOR BOTTOMS HAVE ONE SIGNATURE:
THE ABC.
$SPX 2022.
$BTC 2020.
$GOLD 2022.
$NQ 2026.
Drop.
Fake rally.
Last drop.
THEN the reversal.
Most traders buy the first drop
… and get trapped by the fake rally.
The edge is in the LAST drop.
Watching for one on $SPX now.
THE BEST ELLIOTT WAVE MODEL EVER BUILT.
$NQ printed an ABC down this morning.
Bullish SMT with ES and YM.
Trigger.
Then it EXPLODED into the 1.272 extension for 650 points.
A member caught 350+ of it on Vest
That's the ABC Model.
$SPX BOTTOM IS IN
Today's rally CONFIRMED the bullish WXY correction.
Next, I want this rally to extend a bit higher.
That should leave a new daily FVG behind.
A pullback into that FVG is the dip I'm buying.
New all-time highs come next.
$SPX — THE JULY LOW DECIDES IT.
7,314.
Bullish SMT with $NDX is holding there.
Hold it → a multi-month BOTTOM.
Then a run to new highs.
Lose it → SMT is invalid.
Then likely another 2–3% lower.
$RTY BUY SIGNAL TRIGGERED
Yesterday I told Discord a cross above the MB would confirm the ABC correction complete.
Today price ran straight THROUGH it.
The ABC Model keeps calling the major reversals of this cycle.
Most will only see the bottom after it's gone.
MAJOR BOTTOMS HAVE ONE SIGNATURE:
THE ABC.
$SPX 2022.
$BTC 2020.
$GOLD 2022.
$NQ 2026.
Drop.
Fake rally.
Last drop.
THEN the reversal.
Most traders buy the first drop
… and get trapped by the fake rally.
The edge is in the LAST drop.
Watching for one on $SPX now.
I called the TOP.
Now I'm calling the BOTTOM on $SPX.
A 3-wave WXY correction into the 200DMA for W4.
$SPX held its July lows while $NDX swept it, forming a bullish SMT.
Next, I'm looking the W5 advance to 8,000–8,400.
Invalidation at 7,350 (PWL).
Road to 10,000 continues.
I called the TOP on $SPX.
It's down 450 (!) points since my call.
Next I'll call the BOTTOM, and it's getting close.
Most people will catch the bottom call too late.
Just like the top...
$ES printed a TEXTBOOK ABC down on the ABC Model.
C reached A = C
Right at Monthly FVG support.
Now price has triggered a bullish CISD and confirmed the ABC.
Everyone thought this was the start of a crash.
It was the most common reversal pattern there is.
I'm bullish.
This might be the most overlooked post I’ve made this weekend.
4 names, all printing the same ABC bottom signature that marks major lows.
A few months from now, people will look back and wish they’d paid attention.
The ABC bottom signature is showing up again.
Here are 4 names I’m watching.
$AMZN is the only one that has confirmed its ABC down.
That makes it the strongest of the group and the one that can act first.
$MU, $SMH and $GOOGL are still building theirs.
Once their ABC confirms, I want to be on side for the new bullish trend.
Until then, they’re on watch.