Technical Analysis and Outlook: The stabilized selloff in the bond market in this week's price action sent the index raging upward all the way up to Mean Res 4378 and completing our Inner Index Rally 4375. On the downside, the index will likely go down toward the Mean Sup 4238, followed by a series of price targets marked on the chart. However, due to the...
Technical Analysis and Outlook: The Spooz index held staunchly by our completed rebound projection and Mean Res 4378 by tumbling down to Mean Sup 4224, eyeing a retest Inner Index Dip 4212 with an intermediate rebound target to Mean Res 4255. The index could extend to the next Inner Index Dip 4150 for the next week's trading.
Technical Analysis and Outlook: This week's trading saw the Eurodollar drawn to the Mean Res of 1.062, its main attraction. The intermediate price action may cause a pullback to Mean Sup 1.053 before resuming rebounding to Inner Currency Rally 1.070 with the completion of the pullback to follow.
USD strength to continue as safe haven & relative performence provide strength against weak macro & energy dependency of euro zone.
Technical Analysis and Outlook: The Spooz index price exceeded our previous Mean Resistance point of 4336 and closed at the location of a notable event. The recent downward trend suggests that the Mean Support level of 4294 may be reached, with a possibility of extending to the Mean Support of 4228 or even the next Inner Index Dip at 4150. If the index finds...
Gold is currently trading around 494.92 RMB per gram in China as of July 25, 2023. Based on the technical analysis on XAUCNY showing we are currently in wave 5, subwave 4 of an upward trend, the prediction is that by January 2025, the price for 1 ounce of gold will reach 16575 RMB. Given that 1 ounce equals 28.3495 grams, a price of 16575 RMB per ounce implies...
2017 - 2021: Market made its first impulse wave. Created a new ATH at $2,074. 2022 - 2023: Long term correction & accumulation for buy orders. Also, market trapped late buyers at the top, who got in during the end of Covid. Liquidated them during the correction. 2024 = New all time high’s for the market. Markets move in cycles. Never a straight line. Those who...
Technical Analysis and Outlook: In this week's trading, all our targets on the downside were hit: Mean Sup 4435, 4370, as well as the completed Inner Index Dip 4340. Currently, we are expecting a rebound to Mean Res 4370, with a possibility to extend to Mean Res 4415. The possibility of reinstating down movement to Inner Index Dip 4212 is in the making.
Technical Analysis and Outlook: The world's most popular trading and investing index gyrated this week within the last week hitting our Mean Sup 4435 and completed a pivotal rebound Mean Res 4520. Currently, there is a retracement underway to retest Mean Sup 4435 and 4370, as well as the completed Inner Index Dip 4340. The possibility of an intermediate extension...
Technical Analysis and Outlook: The Spooz within the completed Pivotal Rebound, and Mean Res 4520 targets drifted lower to fulfill our retracement Mean Sup 4456 and is biased to go higher with the upcoming trading week. The possible Retracement Retest to Mean Sup 4370 and completed Inner Index Dip is not out of the trading envelope setup.
Technical Analysis and Outlook: The Eurodollar drifted lower in this week's trading, completing our Outer Currency Dip of 1.070. The continuation to the extension of the Pivotal Down targets 1.062 and 1.050 is in progress; however, an intermediate rebound Retest to Mean Res 1.080 is possible.
Technical Analysis and Outlook: This week, Bitcoin churned at our completed Outer Coin Dip 25600, indicating bias to move downwards crucial support targets: Mean Sup 25100 and 24300 along with Next Outer Coin Dip 24200. Pivotal Rebound Retest is also in play.
Technical Analysis and Outlook: The Spooz continued upside bias this week by ending its rally at Mean Res 4520. Continuation to completed the Inner Index Rally 4590 is a work in progress. However, the pullback to Mean Sup 4456 is also within the trading picture.
Technical Analysis and Outlook: The Eurodollar rebounded off to our Mean Res 1.090 and some more; however, as a solid ongoing pivotal move, sentiment mode is dictating the designated target of the Outer Currency Dip 1.070 is inevitable.
Technical Analysis and Outlook: On August 23, Bitcoin made a significant recovery and reached our Mean Resistance level. The next target on the downward movement is the Outer Coin Dip, which is at 24200. There is a strong chance that the Mean Resistance 27800 level may be retested.
Technical Analysis and Outlook: The Spooz rock and roll to the upside in this week's price action, hitting our Mean Res 4460 as advertised in Daily Chart Analysis For the Week of August 18 with rinse and repeat, is not out of the question. On the downside, price action continues targeting our completed Inner Index Dip 4340 for a retest and drift further down to...
Technical Analysis and Outlook: This week, the Spooz index finalized its down move by completing the Inner Index Dip 0f 4340. However, a strong rebound is possible with Mean Res 4460 as a primary target. On the downside, price action might churn about the completed Inner Index Dip 4340 and Mean Sup 4330 before taking off to the upside. Notwithstanding, if all...
Technical Analysis and Outlook: The Spooz index continued this week to drop to fulfill its destination of Mean Sup 4403 and the possibility of Mean Sup 4330. However, another jump toward the newly created Mean Res 4520 level is also possible in this unconventional market.