SalN

SalN Updated 

I still do not think we are finished with this internal wave 4. That looks like 5 waves down to me. If you analyze the structure of the recent push up, including using the futures price movement, I really think we are in a B wave up of a running flat. and another thing....it is unusual for price to have stopped just past the .236% retracement. Something...

SalN

I also do not think we are finished moving down with Oil. I think we are in a complicated expanding ending diagnol and can reach $47 range in a week or so

SalN Updated 

I still don't think that NG bottoms until the end of December. Just basing it off the cycles analysis idea I have going...but NG is tricky. This is what I think may be going on right now on a short term cycle. If this count is correct, then the wave 1 is longer than the wave 3 which of course would mean that wave 5 must be smaller than 3. Soooo, I extended the...

SalN Updated 

Looking for something like this

SalN Updated 

I feel as if the drop may have ended today (Friday). We shall see. By the way, the price action for the SP 500 perfectly touched that ascending neck line of this possible head and shoulders, before dropping. Things that make you go hmmmm. Lastly, I was just not that impressed with the Vix and Tvix move. Kind of weak...is that telling us something?

SalN

It sure looks like the Fed is looking to cut interest rates for the July 31st meeting. But how can it do such a thing if the market is making new highs....that would not make any sense. So Here is my idea. Lets see if I am correct. In the next few days...IMO....I think that the SP500 is going to move up to the neck line of this possible inverse head and...

SalN Updated 

This is my idea of how I believe the SP500 may behave. The larger drop should complete the inverse head and shoulders. And TVIX may have very big gains. GL

SalN Updated 

I am expecting gold to move into its final drop and possibly bottom in February. Then we should get a very strong move up similar to the 2016 run. I do not see the start of the bull gold market. Just a large strong C wave up to above $1400. And miners should also make a similar move as the 2016 run. GL

SalN Updated 

Just an idea but the pattern looks like we have just started the larger C wave down. Today was a smaller wave 1 drop and then it appears that we also had the beginning of wave 2 back up. If this is indeed the correct pattern then we will have a lot further to drop. I am looking at possibly dropping down to the 2015 highs. OR Dow 18,500. There is a weekly 200...

SalN Updated 

Natural Gas Daily I am watching for two potential patterns. The first (and the one I am not leaning in favor of) is a triangle pattern. If that is the case then we should break out next week. However, I am more inclined to believe that we are starting a drop into a minor C wave down to complete the flag pattern by mid December. Then one last strong push up to...

SalN

Bitcoin weekly chart I know that bitcoin has been frustrating. I have been waiting for something to show itself. IT appears that the pattern that we have been correcting in a a downward slopeing flat pattern. So to keep it simple, I used different color paint lines to show the correlation as I see it. The first is the blue drop from the $20,000 range. We...

SalN Updated 

Well I havnt done gold for a while now but it appears to me that a nice setup to go long is presenting itself. This ICL has been stretched but that just makes me more confident that I have a safe Jnug play here. I am not about to try to guess what kind of wave count we are in. However, If we have started our move down into the larger C wave then this move up...

SalN Updated 

I just drew what I think is going on with the Alt coins. I am thinking that the timing for the Alt coins to make another run will begin about the same time that Bitcoin begins its 5th wave up to $11,500. I guess we will wait and see. I will do verge and Cardano next but it will be about the same idea

SalN Updated 

Just my 2 cents of where I see it going. GL

SalN Updated 

I have been trading these larger swing over the last few weeks and have been pretty accurate. Todays reversal was a happy site. But this pattern is anything but simple. I don't think we are in a typical short term, ABC due to the pattern. And there was a bullish divergence that appears to be starting to play out. The BBands on the daily are very very tight. ...

SalN Updated 

I did this once before last year but I thought it is good once again to repost how I see the market, since inception in the early 1900's to today. From my perspective, we are nearing the completion of a supercycle 5th wave. And as you can see from the chart (which trading view does not go back to the beginning...see a historical chart if you want), supercycle...

SalN Updated 

This is the monthly chart for Nat Gas. As you can see I think we are nearing the next push up to finish a large B wave. But if you look at the time frame...it could be a while until such a big move happens. Short term thought....I think we are going to be starting a 3rd subwave up soon. Hope this helps a little bit.

SalN Updated 

Just a little update to how I am currently seeing gold price behavior and the pattern that lies ahead. It makes sense. This next push should bring gold up to the $1400 range and then be the end of the large B wave. You know what comes next right!? The big C