NI225 seems to have finished the intermediate wave 1 leading diagonal. The next move should be a correction to around 19,000, before the uptrend continues. If prices crosses up 22,000 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
Nifty50 is tracing the initial stages of primary wave 5 up and it is now developing minute wave iii up. This move should elevate its price to the most probable target of 12,640 with a more than 20% gain. If price crosses below 8,790 this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
The Indian stock index finished primary wave 4 and is tracing primary wave 5 up of cycle wave III. This scenario should elevated the index to around 12,900 in 3 to 4 years. If prices crosses down 8,050 this setup should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
As predicted in our post of April 6, STI finished a primary degree bullish triangle and is now trending up. It seems to have finished wave ii and entering wave iii up. The most probable target is at the 3,240 level, which would total 27% of gains in around 2-month period. We may revise this analysis if prices cross down 2,480. FOLLOW SKYLINEPRO TO GET UPDATES.
Minor wave C counter trend rally is under early stages of developing, after its formation odds increase after the cross up of the minor A level. The most probable target before the trend turns down again is the range between 6027 and 6322. FOLLOW SKYLINEPRO TO GET UPDATES.
As predicted in our April 6 post, HSI reached minute wave i and as minute wave ii has completed, new possibility of gains are available at minute wave iii with the most probable first target at 28,284. If the index crosses below 22,500, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
000062 seems to have finished wave (B) down of a primary contracting triangle. Wave ( C ) up will complete primary wave D of this contracting triangle. Wave C usually is a good segment to be in and the index should reach the most probable targets 1 or 1.618 of Wave (A), 2365 and 2731 respectively. FOLLOW SKYLINEPRO TO GET UPDATES.
VWO is finishing a leading diagonal first wave out of the the contracting triangle as forecasted in the April 5 post. It should continue its positive trend ahead with minor corrections on the way. The possible end of minute wave v of minor 1 should be at around 39. After this minor 2 wave should retrace to around 35 before the up trend continues. If prices crosses...
VWO just seems to have completed a bullish primary triangle what is the end ov cycle wave IV. In this case, the etf should offer long-term growth ahead. The probable end of cycle wave V up is a growth similar to highest leg of the triangle. This would push the index to around 70, more than double the current value in the long term. FOLLOW SKYLINEPRO TO GET UPDATES.
SBF120 is tracing the final stages of a this wave 2 complex corrective wave. The probable end target should lay between 3,850 and 4,080. After this wave 3 should carry the index to new lows. If the index crosses down 3,580 the odds are that wave 3 has already began. FOLLOW SKYLINEPRO TO GET UPDATES.
SMI has finished or is very near to finish its primary wave 2. After wave 2 is finished, wave 3 down should lead the index to new lows. If the index crosses down 9,380 the odds are that wave 3 has already began. FOLLOW SKYLINEPRO TO GET UPDATES.
US30-year bond yields are following the uptrend that we forecasted in the post of April 28. It is currently in the final stages of minor wave 1 which is part of the 5 impulse waves that should lead yields to the area surrounding 2.44%, where intermediate wave 3 should be completed. FOLLOW SKYLINEPRO TO GET UPDATES.
Nasdaq is very near of completing its long counter trend rally and should reverse if not tomorrow in a couple more days. If price crosses up 9,840 this analysis should be void. FOLLOW SKYLINEPRO TO GET UPDATES.
Dow Jones is very near the end of wave C correction. A move below 24,700 would indicate primary wave 2 up has finished and a strong wave 3 down should follow. We can already count 5 waves up in this last wave C leg, however the top could extend to a couple of days more. Keep tuned, we are very near the turnaround ! FOLLOW SKYLINEPRO TO GET UPDATES.
The Dollar Index is tracing a minuette bearish triangle that will complete minute wave b up. After this wave is finished, the next move would be a minute wave c down, before the index comes back to its uptrend again. If the index crosses down 98.29, the alternative scenario that the index is already tracing wave c down will prevail. FOLLOW SKYLINEPRO TO GET UPDATES
This is the last of a 3-part US Outlook Analysis. The current post shows different mood indicators and all of them indicate the mood as negative. Top left is the Price/Sales Ratio of SP500 in a decreasing path that should trend to the most probable target at around 1.70. Bottom left is the Market Cap as a % of GDP and which is decreasing since 2018. Middle top is...
FOLLOW SKYLINEPRO TO GET UPDATES.This is the second post of 3 on the analysis of US economy and stock market. Top left we see the interest rate spread (3-month minus 10-year US Yields): a leading indicator of problems ahead is when this yield spread inverts down after coming up from the zero line. The real trouble occurs when it uninverts after reaching a low....
This is the first post of 3 on the analysis of US economy and stock market. The left graph shows the SP500 and its respective long-term perspective and current outlook for the net positions of traders in future markets. The current high net positive position of Non-Commercial investors indicate a continuing downtrend ahead. Non-commercials are trend followers and...