CastAwayTrader

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Bulls still have a wave count supporting the final spiky move up in 2 year yield to 5.50%

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We have a setup for another spiky move up in 2 year yield to a new high of the year 2023. The target for the subwave -c- of wave -iii- up = 5.365%

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The final exhaustive push higher in a subwave -c- of wave -v- up quite often comes as a strong rally resembling the heart of the rally in a subwave -c- of wave -iii- up.

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2 year yield keeps pushing to the target at 5.50% We are in the final wave v up. Upon completion of that five wave up rally we should get a large corrective a-b-c pullback to re-test the low made by the wave -iv- down

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Top complete a five wave up structure of the rally off the March'23 low it should stretch higher to 5.50%. Upon completion of the five wave up structure yield should drop back down to 4.80%-4.70%

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META: From Daily Extreme Oversold to the Monthly Extreme Overbought signal

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This is a textbook short setup, break under Monthly Support followed by a bounce back to the broken-support-turned-resistance. As soon as bulls failed to reclaim the broken support that became a trigger that attracted new shorts. The Rule of thumb is: ⚠️ when bears manage to break a support and then bulls attempted to reclaim it but fail, bears get reasons to...

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Note how the Monthly support calculated and drawn by the Month Opening Range indicator nailed the bottom of the post FOMC-decline You can find the indicator here: https:// /

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Yesterday NQ tagged the Red Supply zone and completed a corrective wave iv down. This morning we are getting the first leg down of wave v down

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10 year notes broke out of the bullish wedge as expected. Bulls have a setup for a large five wave up rally in T-notes (meaning decline in 10 year yield)

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We have got a clean bullish setup, a classic five waves up followed by a three wave down decline making a higher low. A very attractive setup for a rally in wave (c) up

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SPY, QQQ, IWM printed buying exhaustion signals I expect to get a pullback next week

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When four cycles bottom and turn up simultaneously traders have attractive entry points because new up cycles will be pushing price up strongly

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The Indicator detects points where multiple cycles top and bottom. This morning four cycles made bottoms and simultaneously turned up. Their combined power is whet produced such a strong rally today

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Yesterday I noted that TSLA had a good long setup to rally after several cycles simultaneously bottomed and turned up. Today we are getting a follow through

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This morning three cycles simultaneously bottomed and turned up. Their combined power is what produced that strong rally

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TSLA is at an important bottom formed by many down cycles

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According to principle of synchronicity proposed by JM Hurst, from time to time several distinctive cycles reach their respective bottoms simultaneously. In other words, cycles get aligned at bottoms or troughs. However, cycles reach their peaks in asynchronous way! This is why when we deal with a big cycle topping normally it creates a string of multiple peaks....