TTC News

The main count is still alive with the potential to finish off the wave 5 (white) hanging in there. With the Fed likely to add some real volatility tonight, it’s time to really tighten up positions with support levels the key to any further advance. As you can see on the daily chart, the main count with the roman numeral 1 to 5 is sitting alongside the other potential of the red or white wave 4′s lower. For now, yesterdays …

The Aussie market has been comparatively weak the last 3 weeks and has tested right down into crucial support areas. I have adjusted what I erroneously had as crucial support previously, 4670, and moved it down to the top of the wave 1 at 4608 where it should be. It doesn’t change the picture though as support looks to have held for now. Whether it holds going forward is the important point for the higher up targets to yet be …

The Dow and other main indexes all look to be setting up for some big moves around Wednesday’s Fed announcement. There are a few potential’s on the table on how price can be resolved. But until price breaks out of the range in either direction, there isn’t a lot of changes for the moment. Hopefully the action before the Fed will resolve a few. One of the main potentials I have is that we whipsaw up out of the range …

The Nikkei has come right down into the support zone and as the updates in twitter have suggested, it’s a buy spot with good risk-reward profiles. The wave c of what I’m calling wave (iv) looks to have completed five waves down for a complete structure. The support zone as previously identified is between 12,500 – 11,700 which holds a wave 2 low a number of fibonacci confluences and strong price support. The 50% Fib level is at 12,124 and …

The Dow looks very tired and heavy, and it keeps acting that way also. There’s a slight chance the low will hold and we head up into the wave 5 target, but price has to turn up strongly Thursday or Friday.  The ALT count (yellow) is working it’s way to the front of the line, which would indicate that we’re working lower via the yellow abc or red abc possibilities into a 4 white or red. Both scenarios would allow …