Live: Monday, May 14, 2018

5/14 – 3:20 p.m. New York time

No change in my analysis and no trades today.

5/14 – 10:35 a.m. New York time

SPY continues to rise in what Elliott wave analysis labels as a C wave of the Minuette degree. I see no action as necessary until the C wave is complete.

My current chart with the Elliott wave count, covering 20 days with hourly bars.

spy20180514

By Tim Bovee, Portland, Oregon, May 14, 2018

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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Based on a work at www.timbovee.com.