I'm looking for some downtrend after FOMC in DJIA. Im going to monitor the level DJIA is settling upon in the coming week. That gives me some answers on to where DJIA is likely heading
Based on studies of past behaviour on gold - back in the days when gold traded much higher than today, we can draw comparisons to present action. We are in an area where price move fast and gold has confirmed that it want higher with its higher high. However, short term cycles point down, and good techincal behaviour is to backtest the breakout line. I am in...
I dont think Gold has bottomed. Gold loves FOMC.
Sort of a roadmap for personal use
I've been working for 5 hours to estimate the trend turns for the next six months. To gain the knowledge to do those five hours are countless. Now, it will not be 100 % accurate in timing. I still have a lot of cycle work to be completed to fine-tune. But it will be quite accurate as I have gone back in time and checked out what EWZ has done in the past. And...
I'm monitoring the Dollar, because I want to see 99.99 printed. Not that it matters, but it would be nice. After all, it's just a number. But it is likely. Likely to be printed. Likely to happen. As we all know, the US is a super-strong economy with the greatest president of all times. Let's get 99.99.
Just as children gets born while their parents live, often the cycles behave in similar fashion. However, the newborn cycle has not yet been confirmed. This chart is only for keeping track. If it plays out as planned till May 24th, it provides confirmation of being on track with the emerged cycle. If the target is hit at 24th, there will be a phase of sideways...
Neutral for now Jokes aside. Im still in Research mode. I'll be back soon With some cycles.
Bearish pattern completed. Probably a throwover like Facebook then Down. Luckily I closed my pre-report short just in time as minor cycle pointed Down. However, movement was sideways, that indicated major cycle pointing up. Now I take New short based on pattern.
Cycle last from blue to blue. The yellow lines represent points within the complete cycle where trend is likely to change +/- 1 day. Using these dates along with a chart of price (support/resistance) should give indications of when to take positions.
Based on certain cycles and price-pattern confluence I will take a short position in Amazon when it reaches 1900 tomorrow after delivering over analytics estimates. This will be a Nice short since bagholders will be in euphoric state of mind as the herd always is.
A simple cycle-analysis of wheat With dates outlined where trend is likely to change given confluence of other aspects.
Outlook. Some more bullish weeks Ahead before retrace.
Cycle is pointing Down into earnings
As long as 1221 hold, no confirmation of lower Levels, and breakdown of 1236 should be re-tested. Good luck
Facebook is making a megaphone pattern. Its Extreme upper Level is found at 215.5. Could be a Nice entry for short.
Price has struggled to break out higher and have been rejected several times from resistance zone, forming a rounded top. Time is up and reversal highly likely.