1 P a g e. Executive Summary

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1 Executive Summary Last week I was looking for SPX and the S&P500 gave us SPX2454 on Monday and then started to pullback and consolidate causing for many pundits to already start top calling. Close enough. Although it is possible, I continue to re-iterate: A break below SPX2415 is now needed to put the Bull-count in jeopardy, and a break below SPX2405 will confirm the top is in. Until then we have to look up. My preferred count is that this (minor) 4 th wave is possible already done, and we should see higher prices soon as I still expect SPX to be reached, with a focus on the lower end of the range, possible only SPX2475. There are still several wave-counts possible and the market will have to tell us soon which it will be. The preferred count has an i, ii, 1, 2 setup in place for minor-5. The alternate count has wave-e of and EDT underway. Those are the two we should focus on for now. A break above SPX2442 targets the ATH at SPX2454. A break below SPX2431 targets SPX2420 and could still be all of minor-4. 1 P a g e

2 Trading Performance Update with North Post Partners, LLC NPP provides neither a boom, nor a bust. Just consistency. We ended the week at 18.75% YTD: a new high. Take that Mr. Market Last week s small give back has been erased as we did our homework and due diligence and executed accordingly taking appropriate and prudent profits in a side-ways uncertain market. For the coming week we ve lots of great setups as well and we will execute accordingly. 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 The 1-min chart seems to suggest a i, ii, 1, 2 set up may be in place. The market now needs to confirm this setup by moving higher rather soon (Monday/Tuesday) in a wave 3 of iii. The 60 min chart shows that a possible ending diagonal for minor-5 is developing. It also tells us to expect higher prices. However, minor-4 can still drop lower first to SPX2425ish, but a break below SPX2415 and especially SPX2405 will put the Bull on hold and we can then label SPX2454 as major-3. Again, that is NOT my preferred POV. A break above SPX2442 will target SPX2454 based on symmetry and given the possible i, ii, 1, 2 set up I ll then be looking for SPX2475. Once that level is reached it will be prudent to become (aggressively) defensive: reduce long exposures. Why? The market is then getting closer and closer to the ideal major-3 levels of SPX and betting on the last scribbles higher is detrimental to one s account. Figure 1. SPX 1-min and 60-min charts, with preferred Bullish Elliot Wave Objective Elliot Wave counts, respectively. A B 3 P a g e

4 Technical Market update The S&P500 daily chart shows the other possible count: a larger ending diagonal triangle. It s not my favorite, but still possible. The TIs are trying to point back up, with a confirmed non-ideal A.I. sell signal (uptrend weakening more so than a real sell signal!). Price continues to hold the purple dotted line, but needs to break above the dotted orange trend line to target the upper solid green and black trend lines at ~SPX2475, which fits with the aforementioned targets. The MACD is now on a sell. The Money Flow Index has been trending down over the past weeks. But, price is still above the 10d to 200d SMA. The Bollinger Bands are tightening: big move coming soon (micro 3 of minute iii of minor 3?) Figure 2. SPX daily chart. Price still above 10d to 200d SMAs and red trend line. A.I. sell signal, MACD and RSI5 weak. 4 P a g e

5 The weekly S&P500 chart shows price been stuck in 3 rd gear of the past 3 weeks strength. The weekly MACD remains weak, while the weekly A.I. gave an initial none-ideal sell signal. The weekly SMAs, however, 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. A lower close next week will usher in sell signals and negative divergence across the board, so the Bulls better step it up. Figure 3. SPX weekly TI chart. Initial none-ideal A.I. sell signal. RSI5 up, but MACD flat. Still above ALL SMAs 5 P a g e

6 Two weeks ago I showed, using the weekly and monthly charts of the NASDAQ, that 1 more push higher could not be excluded. With this week s candle in the books it sure still looks best that way. Price is still firmly in the uptrend channels and above all weekly SMAs, which are all pointing up and are bullishly stacked, strongly suggesting the upcoming correction will be just that: a correction (albeit a sizeable one). The weekly A.I. remains on a none-ideal sell as not all 3 TIs the A.I. is made up from (these TIs track time, price and momentum) are <80. Thus the sell signal is not ideal, and only indicative of a weakening uptrend. Not the end of the world Figure 4. COMPQ weekly TI chart. Still 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 drop and is close to a sell signal. Bulls have been forewarned for days already. The dotted red trendline is what I prefer to look for: negative divergence on the RSI5. It s an expectation so please don t hang your hat on it. The SPXMO (figure 5B) closed outside the lower Bollinger Band on Wednesday and Thursday, but back inside today. Similar setups are shown with the red boxes and often tell us upside is ahead albeit mostly limited. This is in line with the anticipated 5 th wave and my expectations for the lower end of the SPX zone, possible even only ~SPX2475. Figure 5. A) SPXSI racing towards a sell signal. B) NYMO closed back inside lower BB after 2 days outside: buy signal. A B 7 P a g e

8 The long-term Simple Moving Averages only chart (LT-SMA, for trend followers and long term traders) continues to be 100% bullish: the past 3 sideways weeks didn t done anything to it. 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) remained ~95% bullish this week. Hence, these two charts are continue to be 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 Fib-based trading interval is not until mid-july and we focus on the June 30 and July 4 th Bradley turn dates. Possible tops? 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