CuzDelux

CuzDelux Updated 

This is an Ending Diagonal. Notice, it is a contracting ED, and incidentally, the intersection of its top and bottom trend lines provide an ideal end point. A little bird told me 5375 was ripe for selling, and this picture makes me confident he was right. ATH 5362.75 at the time of this post, but calling it, anyway, as late as 5375.75. If not today, maybe in...

CuzDelux

Gold could get one more poke into the green box extension area noted on the chart, but as price continuously tries to confuse us, I actually think a c wave subdivision of the Minuette (v) Ending Diagonal is likely and warranted, here. I have zoomed out to show some fib confluence at the top end, some of which is already set, and some of which is speculative. I...

CuzDelux Updated 

I have done a lot of DXY posts, and if you read many of them, you have read my historic observations that Risk (Indices, Equities, etc) typically tops on a DXY wave 2. Not typically the Primary, but often the Minor, or even Minute waves 2...since a deep wave 2 can be confusing as heck to anyone who believes sniffing the dollar out is essential to successful risk...

CuzDelux Updated 

And I assume that is true, because otherwise, DXY would be trading much lower. Whomever(s) are responsible for one of the nastiest price corrections I have seen are undoubtedly ready to throw in the towel, after wiping the paint off their faces, because deep down they know, they will have to deliver the dollars. Unfortunately, unless they are in that process as...

CuzDelux Updated 

I think all magnitude is worked out. Hate to call it, but, it is time. See you all on the moon.

CuzDelux Updated 

Little trade idea. Seems like with the messy price action we have seen over the past couple of days, Equities might be reprimanded with one more trip down below to clarify for participants, does the market want a real rally, or just pump and chop dump fest. Irregularities dominated the price action in many assets I track this past week, but really, NQ has...

CuzDelux Updated 

that the market is rigged. Not by nefarious actors bent on dominating the world, but by the humanity all participants naturally possess. We are a group of people who trade variety of assets, and we cannot avoid the implications of the group component. There is a large measure of mass psychological force that influences the way prices move and levels to which...

CuzDelux Updated 

If you read the original T.V. Minute, "Mid-Term outlook," referenced below, you know we have stuck to the path, UNTIL recently, where we seem to be caught in a correction that just will not end. I am counting this correction as the Minute ((ii)), and you can see the count highlighted in the chart. My thought is that we have simply not had a single clear 5-wave...

CuzDelux Updated 

I have been looking at this for 6-8 months, trading it lightly, and there have been too many visual issues with the pattern to feel very confident most of the time. However, I believe I am beginning to see the Ending Diagonal form where I have been so eagerly seeking a standard impulse. By my count, we are coming to the end of a super cycle, so an ED makes...

CuzDelux Updated 

Solely based on pattern, and my assumption we are in a wave 2, before the big push, higher, I look for GME to get pounded, down into the single digits, targeting sub 10 before either taking off, or further subdividing in Ending Diagonal Fashion, before eventually reaching 6-7 bucks, in May.

CuzDelux Updated 

And, MACD is the reason. We got our High print where I count an intermediate (3), and now we are working on negative divergence to the upside, BUT we have not gone higher in price than the wave (3) peak, SO I look for some sort of Ending Diagonal that could last a few weeks, before DWAC sells off, again. Best, Cuz

CuzDelux Updated 

This chart assumes we are in the beginning stages of a Minor 2, and ultimately headed to new highs in the middle term, but not before completing a 3 wave, ((a))((b))((c)) correction to the 4000 region. I have a Micro ((A))((B)) in the books, and that we are working on the ((C)) wave, which may conclude around 4893, before a subminuette b wave retrace back to...

CuzDelux

See the chart, which is tandem with ES on this count. Looking at a Minor 2. Could push one higher, but doubt it gets far past the .618 extension, especially with that 18416 sitting right there. Some say 20, but the pattern says omh. Maybe. It is a beautiful pattern, with a leading diagonal, but last I checked, NQ did not overlap the wave ((iii)) impulse. ...

CuzDelux Updated 

I published a long term idea relating to what appears to be our Cycle II, playing out. Has it completed? With all the chop, it is easy to find what appear to be irregularities, but at some point, things get so stretched out that you gotta zoom out and find more regularities. Still, I ended up with an irregular bullish B, and that seems expected here, if we are...

CuzDelux

Thought this was interesting. Bro said Domestic steel industry is doomed...so does elliot wave analysis.

CuzDelux Updated 

Counting Target's Rise as a Super-Cycle Wave 1, the company stock appears to have AT LEAST completed Primary 3 of Cycle 5, and to be currently declining in Primary 4, in alternation with a long, shallow Primary 2, SO I expect 93.77, at least, if not as low as low 60s, by later this year (maybe August/September). It may be worth noting, that in its Minor C of...

CuzDelux Updated 

Most EWT counts strongly suggest that we are in an intermediate correction, at least. Price action over the past 10 months seems to confirm that, with the overlapping A-B action through March, then the impulsive C action that has given no more than a couple of .383 pull-backs. Some of the clues outlined are based on rules, some on guidelines, and some on my own...

CuzDelux Updated 

I believe we have arrived, and are about to encounter a scary long move up in DXY, just when everyone thought it would "fail." I think we have one more wave, up, and it could get impulsive, but for now, it is Cycle II, so a little deeper, to maybe 103-104.