As long as the S&P500 stays under 3335 price level there is a danger of a bigger correction which could play out. There pullbacks in the S&P500 on smaller timeframes can be used for short positioning at the moment, since we do got a valid signal in the weekly price action signaling us at least a brief correction over the next couple of weeks. Please watch my last...
The S&P has entered the danger zone (red box), which is based on the .618-.768 fib extension from the last pullback. Looks like the rising wedge has impulsively been broken. We could see it retest, and reject again, but don't be surprised if we have some red days into the new year. Currently I am long the VIX, and Silver & Gold Miners
The overall structure of the Dow Jones 30 looks positive. The most recent pullback came down and tagged the support level from the consolidation resistance and bounced off from that level. After periods of consolidation, it is always good to see price retest support levels as it confirms the support level is holding and gives more strength to the buyers. Now what...
Apologies for the mess, but first I want to post the bigger picture and then I'll link to the smaller counts within. I have us currently going up in B of the larger wave 4 in a running flat. Multiple fib time frame point to this B upwave ending around 01/01/2020 in the range of 3,200-3,300. Then we should start the C wave to go back down to the bottom of the...
The American Market Index looks interesting for a play on the short side. However I am not expecting this to be "big" corrective move but only a wave 4 to the downside which will be countered with a final 5 at year end. Lets see how this one will play out. So far the S&P is moving as analyzed.
With everything going on, rates are what they are... And other things going on.. What do you think? Comment below and why!!!
For more information watch the following: youtu.be /Q3BjMUd391c (remove spacing)
S&P500 reaches a new ATH. However ISM/PMI Data out of the US speak a different language. After we have already witnessed a global slowing and contracting of the economy with many countries having PMIs under the 50 level for quite some time now, the US has now followed this trend that has been going on for over a year. PMIs again came in lower today and under the...
S&P500 has made a corrective 3-wave move up as analyzed, the blue target has been reached. As long as we dont shoot over the blue target I am expecting the index to reverse to the downside again. So as for swingtraders there could be good risk riward ratio at current levels however, entries need to be timed in lower timeframes and be confirmed in price action, at...
As analyzed before I am expecting the Markets to be in bearish momentum as economic data has worsened. Trump & Fed are going to full length to keep the market up (China Deal & Repo/QE) but no new highs could be reached. I analyzed before that eventhough we are in a possible 5 Wave move down we should see a corrective abc move within a corrective 2 which should...
On Friday we are finished a possible Wave d of of 2. Now follows the last wave e to complete the triangel and we starting Wave 3 with a Target above 30k.
My current opinion (to be invalidated if there are signals that contradict my current view). On daily charts, we could probably see an ultimate outburst to the top next week before a progressive collapse (on November 2019?) of the US (and therefore worldwide) equity markets. If this happens, then we would have a perfect Diamond pattern which would be potentially...
another HnS (purple/yellow) spotted within the attached IDEA HnS (Within a larger HnS - Although not so sure this will play out on this time frame..)
The US Markets could make a corrective 3-Wave move to the upside. If this scenario plays we should see a c-wave to the upside which has the 100-123.6% fib. ext. as target area. Chance vs. Risk would be about 2 or higher at the moment. Note that my overall picture on the US Markets is still more to come on the bearish side.
Take a look my EW Count. Of course there are always various scenarios in play, but this is my prefered one at the moment.
If you have watched my analysis before I still expect the US Market to correct to the downside min. a 50% retracement from the last significant low. Fundamental Data is worsen as we stay in the contracting area under 50 and get a new lower reading with 47.8.
Interest Rates have been cut 0.25bp as expected, but more importantly what will Jerome Powell tell us during his speech? My short setup (WXY Corrective Structure) as shown before stays in tact as long as we don't break above the price area marked in orange on the chart. After the meeting we should know more. Be save in the Markets
Many have missed a trend line BTC has respected from the start of this bull cycle. The first and Last week of April created two points on that trend line that were later also respected in August. The recent consolidation has been far above my trendline, allowing for sideways coiling for months while still respecting the trend. Decision time is here though. By the...