Lbjnation

Lbjnation

DXY created massive weekly bearish divergence. I have seen this formation many of times. We will not be going to 0.55 just yet

Lbjnation

Everyone is perma bearish on indexes but dxy created heavy weekly divergence and is extremely overbought. Stocks in general are completely oversold. 6k is the blow off top. 3 wave impulse elliot wave followed by a 3-5 corrective elliot wave to the downside.

Lbjnation

Here we have an Impulsive 5 core elliot wave pattern. Weekly divergence to go along with the wave confirmation. People will tell you that UJ is going to 150-175 in the coming weeks. Simply not true. Severely overbought on the weekly and monthly.

Lbjnation

People will tell you dxy is about to keep soaring but it is certainly not. Here you have a diagonal 5 core elliot wave pattern on the monthly. There is Weekly bearish divergence and the RSI is sitting at 85. Simple setup

Lbjnation

GA Swing Long. GA has been in this pattern for quite sometime. It is due for a major correction coming soon. A lot of people are Perma Bearish but I think otherwise.

Lbjnation

Perma bulls will deny any downfall but the chart speaks for itself. Month chart head and shoulders. .786 fib rejection. Parabolic bull run. There will be several rate hikes this year and 7 next year. Analyst will continue to tell you to buy so they can destroy your accounts via stock options. Also, Monthly MACD has crossed. Destruction is near.

Lbjnation

As we see GA was in a nice long term pitchfork. Last month candle we broke through the pitchfork. We are going going back up to retest the bottom of the pitchfork. I suspect we will make our way though the bottom. Once confirmed, we will have one last big push to the overall bearish trendline. This will be a triple confluence(Supply Level, trend line rejection,...

Lbjnation Updated 

I expect us to have a couple days of pull back action to set us up take off for NFP week. I expect the DXY to soar to the 96.00 area which will drive GA up to fill the month chart wick. If 1.87400 is broken, we could retest 1.84000-1.85000.

Lbjnation Updated 

So here we have SPX retesting 3340. Most likely it is going to retest and go back down to 3320 and consolidate for a few hours until it makes its way down to 3240. We have two options. It is going to either break through 3320 and retest then make its way down to 3240 or its gonna break though and shoot down to 3240 then retest. If you follow structure the market...

Lbjnation

The bold lines are key levels where the banks like to to trade the daily. the red line is current support. We are waiting for it to retest resistance. If it retest then it is going to the next level or even lower.If it breaks through and retest than it is going to the next level or even a bit higher