powerintegral

powerintegral

SPX looks close to having completed a full 5 waves dowside. A corrective rebound wave is probable soon.

powerintegral

My "in house" composite index seems to have bottom right at the 88.6% retracement. Having completed a beautiful bullish wedge, the coming rise in the following weeks should be massive. A breakdown below the recent lows would invalidate this view. Bitcoin has been making a base near 5800 over the last few weeks but ETH was lagging and just reached its low, near...

powerintegral

After a long and deep pullback, cobalt related stocks seem ready to rise significantly from their extreme oversold condition. The chart represents a "home made" index of of stocks from the sector. As long as the recent low (trendline) holds the Elliott wave count is highly bullish.

powerintegral

Canopy growth has reached the top of its channel and fibo projection. It is also completely overbought all time frame. We are expecting a pullback over the coming days and weeks.

powerintegral

Shorts positions (balck line) are getting extreme on Bitcoin at levels at which rallies have started previously. At least a short term bottom has been made probably. Bitcoin price (red line) should rise in the coming days.

powerintegral

My "in-house" composite of blockchain stocks trading on TSXV has reached an important corrective target, a highly bullish setup has started.

powerintegral

The correction of crypto currencies has ended I believe tonight, right on time for the EU crisis. Bitcoin could almost double in a short time from here with a standard target in the 12 000 area. Eventually I wouldn't surprised to see BItcoin reaching above 30 000 for this dynamic bullish wave 3.

powerintegral

Huge Head & Shoulders pattern on EURUSD - target $0.81

powerintegral

Double top with bearish divergence on RSI . The defense sector is weakening rapidly ( LMT -1.96% , NOC -2.02% , RTN -2.65% ). Boeing -1.92% should follow lower soon.

powerintegral

Double top with bearish divergence on RSI. The defense sector is weakening rapidly (LMT, NOC, RTN). Boeing should follow lower soon.

powerintegral

The TSX composite seems to be completing a wave B and ready to initiate a down wave C.

powerintegral

The US stock market is really choppy but is starting to look more and more like triangles. That would be a running triangle on the QQQ , shown here, and a falling triangle on the DOW Indu. We will have to wait to see which way the triangles break out before being certain of the Elliott waves count. But for now, considering the high numbers of 3 waves patterns...

powerintegral

Bitcoin seems close to start a hugely bullish wave iii of (3) of 3... A new crypto frenzy is on the verge of breaking out, only a break below $6600 would invalidate this view.

powerintegral

Is a market crash coming ? Rarely, in the last 30 years, have we had a US market price action (SP500) that similar to the days preceding the 1987 crash. There is no certainty that history will repeat but it might useful to consider that it is at least a similar technical setup. Time to be cautious on the long side, as long we don't make new highs.

powerintegral

TSX:NVO seems to have completed it's wave (2) of 3 correction, has started its wave (3) of 3, the most impulsive and powerful wave. The break above the $6.4o area would invalidate the most basic bearish count and a break above $6.80 would give credit to the bullish scenario. This idea is valid as long as the key support of $3.80/$4.00 area holds.

powerintegral

Wave II should be near completion, looking for a huge upside with the wave III of (3)...as long as $6.50.

powerintegral

Bitcoin (BTC) has appreciated more than 120% in the last few weeks while reaching a market cap above $100 billions. It seems to have completed a five waves from its bottom of a few years ago and from its recent low of $3000. It has also reached the top of its rising wedge while showing divergence on momentum indicators. I believe that as long as it stays below...

powerintegral

Bitcoin seems toppish, sentiment is extreme, medias are all over it, price is parabolic. It looks like at least short term top and that this market is due for a pullback to the $1500-$2000 area over the next 6 months to a year. I would use tight stop if long.