The WTI can pump at any moment, to be honest. We are at incredibly low prices! Lower algo target is set at $5.21. Bullish divergences all over the place... What will be the impact on indices if we bottom?
AMD (2H) / Primary Elliott Wave Count
9-day EMA in the Put/Call ratio is in no man's land
Algos targeting $5.21 in oil prices (OANDA CFD here). First green algo target reached at $12.91. Bullish if the pitchfork median lines remain untouched!
Nasdaq 100 Futures Still Holding The Channel. Little 1212 down?
NDX topped at the intersection of the 1.272 extension at the 0.786 fib time (of the duration of blue subminuette A).
S&P 500 Futures (4H) / Elliott Wave Primary
S&P 500 Index (1H) / Primary
Our green box has been hit. Algos targeting $6.8 and $5.3.
As suggested some time ago, an extended 5th could occur in USO... and it's happening. We may bottom around $1.92 or $0.95. Currently at $2.6 in pre market. This is possibly one of the most dangerous falling knife ever :knife:
We are drifting into the inferior part of the channel. As you can see, prices are well contained within parallel lines since the bottom and have been flirting all the way up around the ML. This is not bullish price action. Within an impulse, the base channel is usually breached to the upside. We may have topped at the 1:1 extension in SPX and at the 1.272 in NDX....
Bitcoin Trapped Between SMAs and Vegas Waves on the 4H Timeframe
Are you a bull or a bear?
Whetever the Elliott wave count (triangle, flat,...), it looks like we are going higher...