I see that many are worried now and warning of an impending stock market crash, and that an economic recession is on the horizon with rising interest rates. 🥶 I have a completely different perspective. I believe that the bottom was already reached in 2022, and the decline we've experienced over the past two months will soon be over. I believe the economic...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities , VIX , DXY , in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence....
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Lower low. Following the arrow nicely, so far. Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively...
OMX down from the daily opposing GZ (pastel red fib). The double bottom at 1910 wasn't supportive enough. We are currently well established in algo shorts, headed to at least 1770. Market conditions are bearish with the VIX threatening all risk assets like never before since 2007. Please like and share if you appreciate this market update. We are algorithmic...
VIX and DXY within uptrends: the environment is bearish for risk assets, and quite particular. A VIX-plosion would trigger a flash crash in risk assets and invalidate several EW counts. So far, the correction has been structured in indices, OMX included. We are currently trying to double bottom but the final destination for a bottom is unchanged: the 50%...
Räknar med att SP500 försöker testa ca 5000 nivån och då utgår jag att OMX30 kommer röra sig uppåt 2552 +/- 5 pkt. En rekyl ligger i luften och frågan är från vilken nivå det kommer ske?? Rekylen kommer avslöja om OMX30 är isf inne i en toppformation.
OMX at its last breath. Big short already started.
Investor. The King of Sweden. Stable and fast. But not for long. Like all stocks. we are going down. Momentum and bubble is about to burst.
Hexagon, The Queen of Sweden. Farwell Hexagon is done is massive move under Corona and is about the burst with the economy. no support leg a higher range. Big short alert.
CDON listed back in Nov 2020 and from 96 SEK up to its ATH of 975 SEK in January 21 its bullish cycle came to a stop at the start of FEB 21 . CDON has nearly completed its retracement/correction from its dizzy highs of 975 SEK down to current levels of 430SEK but expecting 300SEK. and will be presenting a speculative Buy Opportunity . Price action is...
Be prepared to buy the pullback for a potential gain of 40% with the target set of the 1-1 Ext at the top of the ascending channel . This will be a long term investment Know your invalidation and use a SL This stock is trading on the OMX30 Stockholm stock exchange
Index is up almost 23% since the bottom bounce a few weeks ago, and it's still below Fib 50% (1580) and EMA50 which, in my view, is still negative although we are trending above EMA20 - possibly positive in the long term. On 20 April, OMX formed a hanging man that was confirmed with another red close on 21 April. As long as we don't make a new high, I'm looking...
Price rose to the resistance of the newly formed channel. As we have approached Fib 50% & 61% resistance levels, as well as the bearish close of SP500, I'm expecting the price to re-test the 1400 level. However, if we break above 1520, we would then challenge Fib 61%.
Sellers took back control after a strong start of the week, resulting in a long week candlestick tail that signals uncertainty among the buyers (however with a lower volume than previous candles). I'll be looking at the 1400-1360 level and a break would mean a revisit of the previous bottom at 1260. If the price would break the previous range high, I'm expecting a...
As expected, we bounced up and re-tested the Fib 50% zone of the second leg of the last week's drop. I expect the first days of this week to offer more movement south, and with a close below 1400, we might go down and re-test the previous bottom at 1260. The price will tell us whether or nor this is the bottom or if we will follow the 2008 scenario and go lower...