DAX is in a abc correction of wave 2. Waiting for this correction to end at 12300 and then ride wave 3 !!
Nifty in correction mode ?? Either ABC correction or Wave 3 has already started ...
Buy on Dips market !! SPX500 in Wave 5 -- Target 3180
Any break below the support of 6700 will take it towards the 3000$ mark.
If Sunpharma closes above 600 and trendline resistance on weekly charts Long sunpharma : Target 732 Stop Loss : 560
From the start of 2017, Dollar and Crude both are in sync !! Well the final crude rally is somewhat now restricted to upper base of $ 58 .. Our thought was it might reach $ 70 but the way this final Wave C is moving it might just make a double top around $ 58. Longer Term View : Brent Crude to go below last low of $ 30's maybe somewhat around $ 20 !! ...
Nifty & Bank NIfty both are in wave 5 of wave 5 of Wave 3 !! Short Nifty At : 10700 Target : 9400 - 9200 ( 3-4 Months )
Nifty is heading higher after the bullish global sentiment !! Change in the wave count as well - Looking for 11800 by March 2018 !!
Any close above 320 on monthly closing is bullish !!
Hits the upper trendline resistance !! On Monthly Charts Aapl unable to close above 180 for past 2 months !! MACD -- Turning Bearish -- May be Repeat of 2012 move !! CLose below 165 on weekly would be bearish and close above 180 on monthly would be bullish / overbought !! AAPL : Short Around 180 -- Target 132 Last Breakout -- Stop Any Close above 180 on weekly...
Spx 500 is clearly overstretched & overbought !! The bears are on the losing side of calling the top again and again. But this time it's the bulls who need rest for the next 3-4 months. The correction wave 4 is about to start. The Ger 30 is decoupled from the global bull run since last month. Is this a troubling sign ?? On the other hand Nifty which also...
A HS pattern is forming.The only question is will it bounce back and if not the next support is at 9000 !! Hoping a Wild ride on Christmas !!
DAX : The bull rally is far stronger and going to last a bit longer than expected !! Targets on SPX500, DAX and Nifty all have been surpassed and we are still in Wave 3. Expecting a bit of correction -- Wave 4 correction of Bigger Wave 3 !! Target - 12232 - By end of July 17 Longer Term Target -- Buy on Dips !!
DXY : It is in consolidation mode and looks complete !! Already DXY index in Oversold zone !! Currently At 61.8 % Fib Levels of Wave 2 bottom !!
Gold is just days away from breakout....the only question is what's the trigger !!! Long XAUUSD at 1280 for targets 1450 to 1560 !!
From the bottom of 2009 -- till today -- perfectly identical !!
DXY is in correction mode ( abc of wave 4 ) !! Wait for it to make U-turn and watch the previous lows made by crude oil last year !!