broughro

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Markets Allocation
74 % stocks 20 % forex 4 % indices 2 % other
Top Mentioned Symbols
SPY 43% | 20 GLD 26% | 12 USDEUR 13% | 6 EURUSD 6% | 3
broughro broughro SPY, 15, Short ,
136 2 5
SPY, 15 Short
A completed corrective rise

The clear 3 wave corrective rise has completed with the entire rise accompanied by negative on balance volume (so more volume sold than bought). With the touch of the upward corrective channel and the initial leg down having completed a small 5 down, this looks like the beginning of the next significant impulse leg down that will likely extend to 1.68 the length ...

broughro broughro SPY, 15, Short ,
94 0 2
SPY, 15 Short
One last spike up to 270.50, a Fibinacci .618 retracement

The continuing corrective pattern has taken the shape of and expanded flat, a 3-3-5 form of corrective wave. It should peak at 270.5 today for that last kiss of the baseline and then reverse lower. I leave the big red down arrow where I called it (too early) last week because that is still where the wave forms are saying the market should go from here...time ...

broughro broughro USDEUR, 1D, Long ,
86 0 1
USDEUR, 1D Long
Time for a bear market rallie?

Looks like the first 5 down is complete and we are ready for a 3 wave corrective rally...time will tell!

broughro broughro SPY, 15, Short ,
223 3 6
SPY, 15 Short
Time to kiss the long held trend GOODBYE

Today's market action just completed a sub-micro abc correction of the initial micro 1 of 3. Tomorrow's action should be a strong and deep selloff in a 3rd of a 3rd wave that should be approximately 1.618 times the initial micro wave down.... Let's see how it plays out...I'm short...are you?

broughro broughro SPY, 1W, Short ,
197 0 2
SPY, 1W Short
Does history repeat itself?

Just outlining a potential outcome based on Elliot wave analysis...its not pretty

broughro broughro SPY, 30, Short ,
167 0 3
SPY, 30 Short
A clear implulse wave down....trend is now down

This impulse down ends the throw over and appears to terminate the entire bull market. Today's recovery is "a" of an abc correction that should end in the vicinity of the previous 4th waive. The next waive down after that, if it is a 3rd wave instead of a C waive, should be a brutal selloff approximately 1.618 the length of this first impulse down that just ...

broughro broughro GLD, D, Short ,
157 0 9
GLD, D Short
Short to 109, then up in C to ~140

Looks like B of primary ABC correction is developing into a running triangle. The current wave "e" of triangle B should end around a .618 retracement of A, so approximately 109. Then primary C will kick in for a nice long ride until C equals A at/near primary 4 in price, around 140. At that point, the cycle degree correction of the last few years should ...

broughro broughro GLD, D, Long ,
129 7 5
GLD, D Long
Continuation of Gold long and short term forecast...looking up!

This mornings spike lower finished the 5 down of the abc, 5-3-5, correction to complete minuet (ii)...look north now for a sharp rally which would be a 3rd of a 3rd to near completion of this large scale bear market rally...this leg should take GC to ~1595 - ~1400 before the next minuet correction (iv)...

broughro broughro SPY, 180, Short ,
114 2 4
SPY, 180 Short
One last push up to ~245; then, OMG, watch out below

The Elliot wave count is very near completion of this primary and final 5th of a 5th of a 5th that will likely end around 245. The implication is that the next major move will be a primary degree correction that could very well end around ~60. Yes, 60. The path of the 2007 downward correction is super-imposed here to indicate the expected minimum steepness to ...

broughro broughro EURUSD, W, Long ,
85 0 5
EURUSD, W Long
Continuation of Long Term EUR/USD pair...go long EUR

After primary degree 5 wave advance and now the completion of the 3 wave 78% retracement the set up is in for a new 5 wave advance. Long EUR / Short USD....Trump policies to create weak dollar? That might end up being the "story" but the reality is that the Elliot Wave picture of the market is crystal clear...Long EUR/USD for the next couple of years...

broughro broughro USDEUR, 240, Short ,
35 0 4
USDEUR, 240 Short
USDEUR ending diagonal kills rally hopes...time for a weak USD

The primary degree corrective wave ended just shy of the .618 retracement of primary 1 down at .968...so just shy of parity as well. We can count a clear "5" down from the peak. Watch this on the short side. There should be a short term corrective rally "3" near-term followed by a more significant "5" down, followed by a short term corrective rally and then ...

broughro broughro GLD, 240, Long ,
79 0 4
GLD, 240 Long
(C) is underway! Long to ~140

The (B) retracement to .786 of (A) has completed (deeper than the .618 retracement I expected) and there is a complete small "5" up and "abc" correction to complete 1 circle and 2 circle of (C). Long now until ~140 before the next VERY significant leg DOWN....don't get caught...close out anywhere north of 134...

broughro broughro SPY, 120, Short ,
78 0 5
SPY, 120 Short
Ending Diagonal at Primary Degree 5 Circle

Notice the black parallel lines containing this latest rise, 5 Circle Primary. Now notice the pink lines that actually mark the ends of i, ii, iii, and iv and notice that it is actually slightly narrower at the top than the black parallel lines. v appears to have ended shorter than iii as we can count a sub-minuette impulse in its structure so all the rules for ...

broughro broughro GLD, 60, Long ,
60 0 1
GLD, 60 Long
Continuation of Gold Long Term Forecast

See the red text I inserted 9 months ago. (A) ended within 4 bucks of initial estimate. (B) has now retraced a Fibonacci 50% of (A) and appears to have completed a double zig zag. At 15 minutes I can count a small 5 up followed by a small 3. If this morphs into two more small 5s up then I'll call the end of (B) at (z)...within 2 bucks of the 113 target called ...

broughro broughro TNX, D, Short ,
18 0 1
TNX, D Short
Market says "Fed Must Follow"!

Market is showing the Fed the way...again...expect Ms. Yellen to concede tomorrow that December rate hike will be done... Short 10 Year...for the next couple of years...

53 0 2
USDEUR, W
Intermediate 5 of Primary C Circle ends near parity

This is an update to my posts from months ago...looks like intermediate 4 has taken the shape of a triangle resulting in the final burst in intermediate 5 of primary C Circle's .618 retracement...once this occurs it appears USD inflation will kick in with EUR deflation driving the dollar value relative to EUR down in Intermediate 1 of Primary 3...should be a ...

broughro broughro SPY, 120, Short ,
72 0 2
SPY, 120 Short
3rd of a 3rd of a 3rd...should be quite an opening...short!

Wave count calls for a sharp drop tomorrow. Will we soon fall below 194 and confirm the end of the bull? NO BULL!

broughro broughro EURUSD, D, Short ,
50 0 1
EURUSD, D Short
continuation...(c) (5) v appears to be forming a ending diagonal

If this ending diagonal plays out, be prepared to liquidate at 1.05...and then go long on first 3 wave pullback of first 5 wave of minor degree up... Short term: long to 1.15 Medium term: short to 1.05 Long term: Neutral until first 3 wave pullback of first 5 of minor degree up

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