cyrusgr8

cyrusgr8

Update on my larger S&P (SPX and SPX500USD) elliotwave count posted last night (see link below). Wave c of 2 has completed and at end of today wave 3 of C is in its early stages that by the end of summer should take us down to the March lows. Brace yourselves. See my VIX , VXN to NASDAQ comparison and DXY charts posted last night...all confirming the bear...

cyrusgr8

Elliot wave counts on VIX. It calls for VIX (volatility and fear) to soon explode higher in line with my Elliotwave bearish projections on the S&P Futures (SPX500USD and SPX) and higher calls for the US Dollar Index (DXY). See below links for Elliotwave counts just posted on S&P Futures and US Dollar Index. RIsk OFF is about to enter the markets in a major...

cyrusgr8

Comparison of INVERTED VXN to NASDAQ 100 Futures (NAS100USD). As can see since mid-Dec NASDAQ 100 has been making higher highs WHILE VXN HAS BEEN MAKING HIGHER LOWS (INVERTED VXN ABOVE MAKING LOWER HIGHS). This is a MASSIVE BEARISH Divergence for the NASDAQ that is not confirming the rise in the NASDAQ100 rallies and a huge red flag that the NASDAQ is due for a...

cyrusgr8

DXY US DOLLAR INDEX completing wave ii of 3 of C HIGHER. This jives and confirms my Elliotwave bearish analysis on the S&P Futures (SPX500USD) just posted. See link to S&P Forecast below. Cheers! Cyrus

cyrusgr8

The 3 wave structure of the BEAR MARKET RALLY since March lows is more clear on the Dow and sector ETFs - especially XLF. Elliot wave theory calls for going to March lows again. June 8 was the end of this bear market rally and we are now completing wave c of 2 of the larger C wave down. Minor wave c of 2 of larger C stIll unfolding higher and needs one more...

cyrusgr8 Updated 

OANDA:NAS100USD TVC:NDX NASDAQ:QQQ My view that a rise in wave c of B of a correction is coming has not changed. We are in the ending of a correction within a larger correction and corrections by nature are notorious beasts to predict their shapes and forms - as opposed to impulsive trend moves which are easier to predict. I believe another minor low is...

cyrusgr8 Updated 

So far we have been bang on in forecasts of what is happening in NASDAQ 100 (cash and Futures) ( OANDA:NAS100USD TVC:NDX )and which should be the same for QQQ NASDAQ:QQQ I predicted the rise today the night before. Please refer to the last 2 posts (links below) to orient yourself where I believe we are on the longer-term charts. Bottom line we are about to...

cyrusgr8

This is today's 3 HR chart update of the Weekly Chart I did last night of the NASDAQ 100 CASH Index TVC:NDX ) projecting its path for the rest of this Presidential Election year For the rationale why this count and path is the most likely, I would encourage you to read the linked post. The Fed obliged as expected with a 50 basis point funds rate cut...

cyrusgr8

The clearest count I see from the March 2009 lows on the TVC:NDX NASDAQ 100 CASH Index is that we are now forming an ending diagonal 5th final wave and the drop last week was just wave a of ii of this ending diagonal. We are now in the midst of wave b of ii with another minor low drop coming once the current rally exhausts itself between the 61.8% and 78.6%...

cyrusgr8

Wave A of ABC correction is over or almost over with another very minor low in an Ending Diagonal. A sharp 61.8% relief rally is extremely close - either Friday or Monday. Sentiment and Breadth Bearish Indicators are at an multi-year extremes. Take your pick. Sentiment Composite Index below 10, Mclelland Oscillator, Dumb / Smart Money, CNN Fear / Greed Index...

cyrusgr8

OANDA:NAS100USD TVC:NDX NASDAQ:QQQ This historical review of the Dot-com crash is instructive to compare to price action now to then. As noted in my last NASDAQ idea (just posted - see link below), the MACD diverged strongly in Feb-Mar 2000 on the way up before the Dot-com crash began. MACD is rising with prices now and has not shown any divergence. This...

cyrusgr8

OANDA:NAS100USD TVC:NDX NASDAQ:QQQ The explanations on the charts are self-explanatory. Bottom line: MACD is not diverging and animal spirits still powerful in NASDAQ especially - despite the coronavirus panic which is temporary and an excuse for a correction that was long overdue anyway. Compare to the chart of Feb - Mar 2000 of Dot-com crash...

cyrusgr8

Sometimes it is best not to overthink things. The descending wedge on the EURO ( FX:EURUSD ) has been clearly broken to the upside. A new uptrend has begun. Rises are in 5 waves and drops are in 3 waves. This is a classic Elliot wave definition of a new trend direction. Keep it simple. Primary wave 2 and secondary wave 2 of wave 3 UP have now tested the...

cyrusgr8

In EURO ( FX:EURUSD ) we had a clear 5 wave rise in wave 1 and a FLAT correction (A (3 waves), B (3 waves) and today C (5 waves) to complete Wave 2 today. Wave 3 up should be next to 1.618 or 2.618 projection of wave 1 from bottom of wave 2 today. For longer term picture of previous post predicting coming rise see the link below. Cheers! Cyrus

cyrusgr8

EURO FX:EURUSD expanded FLAT Correction of Wave 2 should be now complete with an ending diagonal 5 waves (5th wave this morning upon release of US NFP). Wave 1 was a LEADING DIAGONAL. Retest of descending Long-term Trend Line today and rise to come into wave 3 next. Wave 3 should rise minimum to 1.618 projection of Wave 1 from today's low (end of Wave 2). ...

cyrusgr8

While the new minor low today in EURJPY has forced a slight Elliot wave recount the longer-term outlook has not changed. YEN crosses are all bullish over the next weeks and months with EURJPY expected to rise to complete the final c (black backgrounded) of "e" of longer-term Monthly triangle (see link to MONTHLY count from 2007 to now below). It is notable...

cyrusgr8 Updated 

EURJPY to rise in short-term over several weeks to months. See longer term MONTHLY chart just published for longer-term context.

cyrusgr8 Updated 

EURJPY has been consolidating into a triangle pattern since the Financial Crisis. While short term there will be a final rise to complete wave e of B, later this year a new Financial Crisis will commence that will take Yen crosses down below the lows of 2012. It is inconceivable with the extended nature of the economic expansion and global stock markets (Nikkei...