At the moment we are in R -> S move, according to the analysis visible on the picture, I predict that S&P500 will go down after approaching $3k per share.
Subsequently, the market will enter a strong downward move S -> T
The pattern of the analysis remains the same as I published on Feb 13th 2018, however, the size of peaks has shrunk.
I believe "sell" signal...
Pattern repeat itself 1980s (B) peak is equivalent to 2012 (B).
Bottom of the trend from 1982 (C) was repeated in 2015 (C).
D = D, E = E etc.
In the next few months, we will see sidewards then downturn movement (red lines on the plot).
A bull market for gold will begin around 2020/1.
In 1980 and 2012, the price of gold increased by ~7-8 times when compared to...
Currenlty we are in I - > J upward move.
That will take Nestle share prices to the new price record - around May/June 2019.
After that time, there will be a strong downward move J -> K and price will go down to ~75 per share.
Subsequent moves will follow, I will continue on
At this moment we are in N -> O retracement that may take another 2 weeks.
Next move O -> P will be close to the top of the market.
Subsequently, R -> S move will be the last upward move before the crash.
The stock market crash is approaching fast and according to my calculations... mid-2019 will reach the final top on SPX.
Long term forecast for General Electrics/GE.
Please watch this video:
"My investment in GE is 'one of the biggest mistakes of my career'"
Share prices of GE are correlated with global stock market crashes.
It means we just entered a phase of a global economic...
Very nice consolidation on XAUUSD, price remains between 0.5 and 0.6 fibo.
From my observations, XAUUSD moves in opposite direction as DXY.
Price of DXY will go down after December's rates hike and by the same XAUUSD will move up from consolidation point.
Rate hike odds: www.cmegroup.com
Until that time DXY...
Decided to make an update on my last plot of DXY from 24th Aug '17 (chart below).
So far, everything looks good!!
We are still in F -> G move I'm expecting price continue to move up until December 2017.
Reasons for that: in short-term Trump will announce new Fed chair, in long-term expectations of FED to hike rates by 25bp.
XAUUSD (gold) will trade in opposite...
All visible indicators show me that XAUUSD will continue moving down for next few weeks maybe months but afterwords will reverse.
XAUUSD is inversely correlated to DXY that means DXY is moving up while XAUUSD is moving south:
Analysis based on Elliott waves, patterns repeat itself: 1980s - 2000s - 2020s
Long term prediction on US Dollar Currency Index, bottom on the DXY will be reach around 2020s.
Until that time we will see slow move down.
We are in F -> G move, which means small upward move should happen in several weeks maybe months.
Nonetheless, in long term I predict...
We are in E -> F wave, which means break out from 1300$ and then short term move down (F ->G) to 0.5 fibo.
At this exact moment (24.08.07) we are in sideway move, which fits February pattern (17th-23rd 02.07).
New plot is continuation of previous work, that was active for two months.
Dollar will move down in the next few weeks and touch EMA at 0.618 fibo. Then price will temporarily jump up, finally strongly move down - visible on a plot.
DXY is inversely correlated to XAGUSD, it means XAGUSD will move up (weeks), strong down ~ 1180/60$oz (months away) finally strongly up as DXY will go down (years).
So far we got it right, my previous plot was very accurate and nicely predicted major trends.
On 7th June we got false outbreak from the major downward trendline that scared me a bit but finally price moved down as predicted.
In my perception trend will continue as described on the plot, check oscillators at the bottom of the plot.
There are still elections is...
My previous two plots on ETHUSD were very accurate, please check:
In my perception ETHUSD is overbought alike BTCUSD.
Price has to go down for both of these cryptocurrencies.
Please have a look at the oscillator they still have some space...