1 P a g e. Executive Summary

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1 Executive Summary We can keep the executive summary very simple, and repeat what we said last week: A break below SPX2405 is now needed to put the Bull-count in jeopardy. Until then we have to look up, as the charts tell us to. I can add that a break below SPX2416 would be the first sign of worse things to come, but it should only be used by very aggressive and nimble traders to short. Why? Most other charts (daily, weekly, market breadth, SMAs) all tell us to stay long/buy. We have to listen to those and apply them objectively. When they turn to sell/short we will have to adjust as well. Until then we have to look for higher prices. Our next target zone is SPX , and I continue to look for SPX until the market tells differently (break below SPX2405). 1 P a g e

2 Trading Performance Update with North Post Partners, LLC NPP provides neither a boom, nor a bust. Just consistency. After 6 weeks of straight up, some give back is expected as no system allows for never-ending profits. Especially side-ways markets are hard to trade: no trend. But we are eyeing already lots of great setups for next week, and when executed by our system and price doing as expected the uptrend in our gains will resume. Please join us; the more funds we can pool the easier it is to make profits, a win-win! Please contact me or Rus Chao directly (rustinchao@gmail.com) for more information. Joining NPP is absolutely free, and we charge no service or maintenance fees. Please follow NPP on (all intra-day trades are provided there in real time) Please bookmark NPP s website: (weekly digest/trading plans are posted there) *It should not be assumed that future performance will always be guaranteed and/or profitable. Nor will future performance necessarily equal past performance or past performance trends. All trading and investment decisions are the sole responsibility of NPP. Joining NPP is free, but does not exclude commission costs, and other possible charges. 2 P a g e

3 Elliot wave updates Our OEW and regular EWT counts remain: minor-4 vs minute-iv. I prefer the OEW count slightly. The market is now relatively simple going forward: below SPX2416 targets SPX2386 based on simple symmetry. But, strong support at SPX2406 and SPX (see Figure 1A). Break above SPX2444/2446 signals SPX is next, ultimately targeting SPX As long as price remains above SPX2416 and especially SPX2406 there s nothing bearish about this market other than that we re most likely dealing with another high-level consolidation. Figure 1. SPX 60min and 1 min charts, with preferred Bullish Objective Elliot Wave and Elliot Wave count, respectively. A B Table 1: ideal wave tracker table for minor-5. 3 P a g e

4 Technical Market update The S&P500 daily chart shows my third possible count: an ending diagonal triangle. It s not my favorite, but increasing in probability: Wave-e of an a, b, c, d, e advance to ~SPX2465 is in that case underway. The TIs are pointing down, with a confirmed non-ideal A.I. sell signal. Price is below the black, green and dotted orange trend lines, but above the purple dotted line and red trend line. The MACD is now on a sell. The Money Flow Index has been trending down over the past week. But, price is still above the 20d to 200d SMA, Hence, overall the daily price chart is still in reasonable good shape, but cracks continue to appear. Figure 2. SPX daily chart. Price still above 20d to 200d SMAs and red trend line. A.I. sell signal, MACD and RSI5 weak. 4 P a g e

5 This week I wanted to show the DOW JONES weekly chart as it is still very bullish, with no sell signals anywhere. Price is still at the upper Bollinger Band: strength. The weekly MACD is however not supporting the advance, indicative of a 5 th wave advance. The A.I. remains on a buy, whereas the On Balance Volume continues to increase. The weekly SMAs continue to bullishly align: all are pointing up, all are bullishly stacked (20>50>100>150>200), and price is above all: longer term uptrend. Symmetry breakout targets $21725; another 1.6% higher, with trendline resistance at $21,750. Hence, this chart tells me to expect continued higher prices over the coming weeks, which is in line with my preferred count. Figure 3. DOW weekly TI chart. TIs all on buy, except for the MACD, symmetry breakout targets $ Price firmly in uptrend channel and confirmed by SMAs 5 P a g e

6 Last week I showed, using the weekly and monthly charts of the NASDAQ, that 1 more push higher could not be excluded. The count on the daily chart seems to support this thesis. Note price is still above the black uptrend channel and close to the 50d SMA. It will have to break below the prior 4 th wave low (around $5990; see arrow) to tell me that all of intermediate-iii has topped. The TIs are all pointing down and there are no buy signals yet, so a retest of the 50d SMA can be expected. Figure 4. NASDAQ daily TI chart. Counts best as minor 3, 4 of intermediate iii of major 3. One more rally? 6 P a g e

7 Market breadth & Simple Moving Averages Charts The SPXSI (Summation Index for the S&P500, derived from the McClellan Oscillator for S&P500 (SPXMO)) continues to remain on buy/long as breadth remains positive. Also the weekly NYAD (advancing/declining issues) chart continues to make new ATHs. Hence, these two market breadth indicators tell us to remain long until they tell us to sell/short. Simple No need to over analyses. Figure 5. A) SPXSI. B) NYAD. Both remain on buy/long. A B 7 P a g e

8 Our long-term Simple Moving Averages only chart (LT-SMA, for trend followers and long term traders) continues to be 100% bullish. It s telling long term traders to stay long and strong: major 3 still underway. As such this chart also continues to support our overall view of the market and where it will head over the next several months: higher. Our short term chart (ST-SMA, for short term to swing traders) is now ~95% bullish. Hence, these two charts are MUCH more bullish then bearish and as such tell us to also be more bullish than bearish in our trading and POV of the market. Figure 6. A: LT-SMA chart 100% bullish B: ST-SMA chart ~95% Bullish. A Copyright Intelligent Investing. May not be distributed without permission. B Copyright Intelligent Investing. May not be distributed without permission. 8 P a g e

9 Fib-based Trading Interval Turn dates & Remaining Bradley Turn Dates for 2017 The next turn date is June 20 th (+/- 3 days) The May 30 th turn date market the SPX2404 low. There are two very strong turn dates slated for June 21, 30 and July 4th, with the first in-line with my Fib-based turn date. Hence, maybe the first one signals a low, the latter a high? Time will tell as turn dates only in hindsight tell us what it was. June 21 (100/100 Bradley Siderograph Power) June 30 (100/100 Declinations Power) July 4 (100/100 Middle Terms Power) August 19 (17/100 Bradley Siderograph Power) September 5 (17/100 Declinations Power) September 7 (29/100 Bradley Siderograph Power) October 7 (48/100 Middle Terms Power) December 3 (23/100 Bradley Siderograph Power) December 6 (100/100 Long Terms Power) ALOHA Soul, Ph.D. 2017, Intelligent Investing. This copyrighted weekly periodical is published on non-stock market trading weekend days by Intelligent Investing, and is intended solely for use by designated recipients. No reproduction, retransmission, or other use of the information or images is authorized. Legitimate news media may quote representative passages, in context and with full attribution, for the purpose of reporting on our opinions. Analysis is derived from data believed to be accurate, but such accuracy or completeness cannot be guaranteed. It should not be assumed that such analysis, past or future, will be profitable or will equal past performance or guarantee future performance or trends. All trading and investment decisions are the sole responsibility of the reader. Inclusion of information about managed accounts, program positions and other information is not intended as any type of recommendation, nor solicitation. For more information, contact intelligent investing at intelligent_investing@yahoo.com. We reserve the right to refuse service to anyone for any reason. 9 P a g e