Pretzel Logic's Market Charts and Analysis

Pretzel Charts. Stock market analysis using Elliott Wave Theory, classical TA, and frequent doses of sarcasm..

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Pretzelcharts.com news digest

  • 4 years

    SPX Update: Something to Watch For

    Last update expected that the first upside target would be captured, so let's start with that chart, where we can see SPX perfectly tagged the blue trend line, sparking Friday's mini-selloff:
    Looking at the near-term and breaking down the micro count, it appears Friday's mini-waterfall was probably just a micro fourth wave within bull: v of bull: 3; if that's correct, then bull: 3 is still unfolding:...

  • 4 years

    SPX Update: October 25 Upside Target Captured

    Last update expected the Fed day to follow recent patterns, and it did not disappoint in that regard, following that description to the letter.  It also noted that there was at least the possibility of a small corrective fourth wave, but it appears the...

  • 4 years

    SPX Update: No Days Like Fed Days

    For roughly the past two weeks, "bull: 3" has been hovering above [whatever the current price was for each day] the market at higher prices, but yesterday, we finally got into that zone:
    So we are finally at least into the lower edge of the bull: 3 target zone, though it can run a bit higher if it wants before correcting into bull: 4 (or before completing black C, which bears would love, as it would lead to a revisit of last month's...

  • 4 years

    SPX Update: Trending Markets

    As is typical in a trending market, there's not much to add since last update.  The near-term preferred count (that bull: 3 was still unfolding, per 10/25 annotation; and last update's presumption that the trend remained up) proved good with the new...

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