CuzDelux

CuzDelux Updated 

I have done a lot of DXY posts, and if you read many of them, you have read my historic observations that Risk (Indices, Equities, etc) typically tops on a DXY wave 2. Not typically the Primary, but often the Minor, or even Minute waves 2...since a deep wave 2 can be confusing as heck to anyone who believes sniffing the dollar out is essential to successful risk...

CuzDelux Updated 

I have been looking at this for 6-8 months, trading it lightly, and there have been too many visual issues with the pattern to feel very confident most of the time. However, I believe I am beginning to see the Ending Diagonal form where I have been so eagerly seeking a standard impulse. By my count, we are coming to the end of a super cycle, so an ED makes...

CuzDelux Updated 

Solely based on pattern, and my assumption we are in a wave 2, before the big push, higher, I look for GME to get pounded, down into the single digits, targeting sub 10 before either taking off, or further subdividing in Ending Diagonal Fashion, before eventually reaching 6-7 bucks, in May.

CuzDelux Updated 

And, MACD is the reason. We got our High print where I count an intermediate (3), and now we are working on negative divergence to the upside, BUT we have not gone higher in price than the wave (3) peak, SO I look for some sort of Ending Diagonal that could last a few weeks, before DWAC sells off, again. Best, Cuz

CuzDelux Updated 

This chart assumes we are in the beginning stages of a Minor 2, and ultimately headed to new highs in the middle term, but not before completing a 3 wave, ((a))((b))((c)) correction to the 4000 region. I have a Micro ((A))((B)) in the books, and that we are working on the ((C)) wave, which may conclude around 4893, before a subminuette b wave retrace back to...

CuzDelux

See the chart, which is tandem with ES on this count. Looking at a Minor 2. Could push one higher, but doubt it gets far past the .618 extension, especially with that 18416 sitting right there. Some say 20, but the pattern says omh. Maybe. It is a beautiful pattern, with a leading diagonal, but last I checked, NQ did not overlap the wave ((iii)) impulse. ...

CuzDelux Updated 

I published a long term idea relating to what appears to be our Cycle II, playing out. Has it completed? With all the chop, it is easy to find what appear to be irregularities, but at some point, things get so stretched out that you gotta zoom out and find more regularities. Still, I ended up with an irregular bullish B, and that seems expected here, if we are...

CuzDelux

Thought this was interesting. Bro said Domestic steel industry is doomed...so does elliot wave analysis.

CuzDelux Updated 

Counting Target's Rise as a Super-Cycle Wave 1, the company stock appears to have AT LEAST completed Primary 3 of Cycle 5, and to be currently declining in Primary 4, in alternation with a long, shallow Primary 2, SO I expect 93.77, at least, if not as low as low 60s, by later this year (maybe August/September). It may be worth noting, that in its Minor C of...

CuzDelux Updated 

Most EWT counts strongly suggest that we are in an intermediate correction, at least. Price action over the past 10 months seems to confirm that, with the overlapping A-B action through March, then the impulsive C action that has given no more than a couple of .383 pull-backs. Some of the clues outlined are based on rules, some on guidelines, and some on my own...

CuzDelux Updated 

I believe we have arrived, and are about to encounter a scary long move up in DXY, just when everyone thought it would "fail." I think we have one more wave, up, and it could get impulsive, but for now, it is Cycle II, so a little deeper, to maybe 103-104.

CuzDelux Updated 

Ultimately, the last idea was early and invalidated, accordingly. I do think the count is nowripe for a Minor 3 to develop. Price is still 1s and 2s, but over the next 4-6 days, I will be observing short ES and NQ entries and looking to strike. If trading VIX, long entries could be nice, here, because we are in a range and maybe vega available. Plenty of...

CuzDelux Updated 

Incoming. Market is nasty beast, will fake out the strongest of will. Will we break our necks watching DXY shooting up to 107.80s? Just to return to this level? Undoubtedly. However, DXY will not Break 100 for 4 more years, so there is a forecast.

CuzDelux Updated 

Have been watching this one. Thinking this is a good entry, not too big, so holdable, for now, if wrong, or it it moves up, stop at break-even. Looking for equities to strike a short-term bottom and pullback, then continue down. In the meantime, I think GME will catch the progressive retrace and rally, but when equities sour for the next many months, I think...

CuzDelux Updated 

To the extent we remain elevated over our most recent low, I would expect here, and through September, a rise into the 20s. in Minor Impulsive fashion. Targeting 22-24. Seems low, but based on the ES count, bulls should be "realizing" they have underestimated the Intermediate (4) and thus will need to allow for testing of support, ideally, above 4237...with what...

CuzDelux Updated 

Finally, had to give up the shorts, and just go long. I doubt we go any lower than about 4505. Flipped all in long for a considerable loss, but when we get to 5200, it will all be history. Bulls won this one, because obviously we are just beginning our Primary ((5)). Hate that I missed the count, but you all take a look...:)

CuzDelux Updated 

Since I first idea invalidated, I have been forced to take a second look, Expand my count, and do my research. Included is my new count, where I believe we get a pull-back then top in June, then a larger pullback to roughly the same area, with an "unexpected" rally through the end of the summer. Best, Cuz

CuzDelux

Price appears to have rejected from the Bulls intermediate wave (5) up, last week. It could be a wave 2, BUT look at the structure of the upward retrace! It is a 3 wave move! Not even a "leading Diagonal" (or whatever..). This action reconciles to the downside. The next move is unclear as far as, what will it be, but the magnitude seems all but certain...it...