key two trendline rejections combined with weekly 9 sell last week on TDSA... could see next move to retest 9k support on monthly and then see how strong of a bounce we get. If rejected by 38.2/50/61.8% fibs from move down then the party is likely over.
Smart Money is soaking up liquidity This whole zone including the possible h&s patterns completion is within a zone a range of consolidation on higher timeframe thus you can view it as a market top and potential trap zone. The USD still has room to breathe and reach within the zone of 100.60-105.60 before it tops and consolidates on higher timeframe
Unbelievable how TSLA was rejected precisely at historic monthly/weekly chart chart 300 fib extension (on linear calc, not log scale). Not only are technicians giving more weight to linear fib extension levels (incorrectly I may add) but this could also signal market top? Watch NFLX for clues in coming weeks. MOST IMPORTANT THING IS TO WATCH FED RESERVE...
TVC:SPX MartyBoots ---- I've been trading the markets for 13 years The SPX500 has topped out-Watch this to make life changing money
Elliot wave analysis showing the market is currently at the top. With the current state of affairs in the world, and the fact that wave 2 can retrace 100%, this leaves open a very good possibility of a total market collapse that still conforms to Elliott rules. On a large scale, we are entering a wave 2 correction. The standard correction can be expected to...
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I saw the drop that just happened prior to it occurring. I did not see it dropping so quickly and well beyond typical intermediate wave 4s. With this most recent retracement covering 92% of all of wave 3's gains, it is time for the final uptrend to begin. Intermediate wave 3 took over 50 days to gain what intermediate wave 4 nearly lost in 14. My final analysis...
I keep narrowing my projection for the top of the market as more days elapse and more data comes in. I have been contrarian to the 'pundits' and still strongly believe the market will top before the end of 2018. I am right now projecting a near-term top to occur by the end of this week or beginning of next week around 2930. This will wrap up intermediate wave 3...
Based on derivative analysis. I am projecting Minute wave 3 just completed and we have entered the corrective wave 4. The wave should end over the next 2.5 trading days. I project the bottom will occur within the first 2.5 hours on September 4, 2018. The bottom should also occur between 2870.91-2886.50. All of these targets are based off of the moves that have...
This is our projection for the end of the bull run. Further analysis can be found on our sites. Upcoming events impacting drops are US government shutdown. It would occur on a Monday if it happens. Usually lasts 2-5 days. Expect this to be a down week (Intermediate Wave 4 on chart). US midterm elections. The shakeup possible to rattle stocks is democrat control in...
I have been forecasting a market top around October-December 2018 for quite a few months. Most stocks I have looked at are also pointing to a top around that timeframe. This one stock does not appear to fall with the rest of the market based on trend and derivative analysis as well as Elliott Wave Theory. My analysis is pointing to a top between 140.54 - 174.62...
Based on my analysis of the Elliott wave that began around 1993, we are coming to the top of the third SuperCycle wave. SyperCycle Wave 1 ended with the market top in 2007 prior to the popping of the housing bubble. SyperCycle Wave 2 ended at the bottom in 2009 and we have been in SyperCycle Wave 3 ever since. I project the market top to occur between November 1...
GOOGL has become increasingly volatile in the past few months with aggressive sell-offs with large volume becoming more frequent. The 1009 level seems to be the neckline of the forming Head & Shoulders pattern. The recent stock rally with significantly decreasing volume doesn't add to the optimism factor. What do you think?
Looking at the DOW Jones Futures, I noticed a consolidation pattern forming. YM1! has been consolidating for the last two weeks or so, and it's next move in either direction will be a swift and powerful one. Introspectively, I am bearish on US Equities for a platitude of reasons, but I have to remain unaffected by my own personal opinions, and keep them strongly...