Looking at a possible $30 dollar + move in the Russel 2000.
Tech Analysis: Charting an inverse head and shoulders pattern on the Russell 2000 plus MA cross over of the 50 day and 200 day Moving Average.
Fundamentals: China trade deal looks good/ added 196000 jobs this month/ Mueller Probe appears to be good so far for the USA.
Things to watch for: strong...
looking at the RTY/IWM index to hit 1532 this week according this time and price analysis. Additionally this lines up with the 1.27 Fib extension of the prior price swing. however there is resistance at the 1519 level to keep an eye out for.
Hitting a structure resistance level and also a FIB level....However I think if we can break through 110.60 USDJPY will break out. Good chance of this in my opinion with the latest Fed minutes and economic numbers which made the dollar stronger
Russel 2000 Fib levels on the weekly time frame....big bounce off the .618. The economy is strong ...good fundamental numbers about the economy and also earnings kicked ass this week... don't listen to the news!!!! however watch for resistance at the 1600 level. If it breaks out though that level we should be looking at 2000 by spring!!!
Looking at a potential bullish butterfly about to execute... we will see though...price is lining up with prior support from July, price / time appear close to symmetrical, and all the higher time frames appear to be oversold according to the stochastic indicator..will update if trade is executed.
Looking at the EURUSD to possibly reverse around the 50% retacement level of wave 2-3. Stochastic is overbought on this level and also the 4 hr level. Will look for entry triggers and post updates if this trade turns out.
Just a thought.... Over sold on the Stochastic oscillator...price is appearing to bounce off the 38.2% retracement level from the prior wave 2 to 3 swing...price is hitting a prior support/resistance level and its matching my wave count!!! will look to go long once price breaks the 3 july high of .74218
looking at a short term short on the EURUSD with what appears to be the completion of a Bearish gartley and the completion of a ABC corrective pattern. looking at a multi day short if Friday's low is taken out. The higher time frames are all in the overbought condition
Short term TGT 1 is 1.16714
TGT 2 1.16058
From my chart analysis, the NASDAQ appears to be hitting prior resistance, finishing up an Elliott wave double combo pattern, finishing the completion of a bearish Bat, and is overbought on the stochastic indicator.
Will look for triggers to enter on a lower time frame once and if the Stochastic indicator crosses the 80 line.
If entered looking at target of...
looking at a possible decline in gold from 1244 to 1232. On a 30 minute time frame I am looking at the end of wave 2 of an Elliot wave ABC correction and the start of wave three with a possible target of 1232.37. We will see though. I got my ass kicked today on my stop for point A of the last ABC pattern on my last trade. Entered at 1242.55 and had my stop at...
looking for the NASDAQ to bounce higher as long as it gets through the .618 retracement of the last swing down. Im looking at that level as resistance and the 6281 level as support.
On the fundamental side of the house, the ABC reporter (Ross) that caused the big drop has been suspended for making fake news against the President and the GOP actually agreed on...
Perfect bearish Crab pattern forming on the daily chart. this lines up perfectly with my EW count, the 1.618 extension of this current price swing and my chart analysis on the lower time frame.
we will see though!!
Will initiate short after a terminal candle price bar in the PRZ of 1.8800 -1.19083 along with a stochastic move out of overbought.
Looking at an...