broughro

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Markets Allocation
73 % stocks 20 % forex 5 % indices 3 % other
Top Mentioned Symbols
SPY 37% | 15 GLD 30% | 12 USDEUR 12% | 5 EURUSD 7% | 3
broughro broughro GLD, D, Short ,
GLD: Short to 109, then up in C to ~140
58 0 8
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 ,
GLD: Continuation of Gold long and short term forecast...looking up!
121 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 ,
SPY: One last push up to ~245; then, OMG, watch out below
110 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 ,
EURUSD: Continuation of Long Term EUR/USD pair...go long EUR
82 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 ,
USDEUR: USDEUR ending diagonal kills rally hopes...time for a weak USD
30 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 ,
GLD: (C) is underway!  Long to ~140
78 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 ,
SPY: Ending Diagonal at Primary Degree 5 Circle
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 ,
GLD: Continuation of Gold Long Term Forecast
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 ,
TNX: Market says "Fed Must Follow"!
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...

broughro broughro USDEUR, W,
USDEUR: Intermediate 5 of Primary C Circle ends near parity
52 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 ,
SPY: 3rd of a 3rd of a 3rd...should be quite an opening...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 ,
EURUSD: continuation...(c) (5) v appears to be forming a ending diagonal
49 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

broughro broughro SPY, 15, Short ,
SPY: Is a top finally in?
59 0 0
SPY, 15 Short
Is a top finally in?

SPY has now fallen below the previous uptrend channel after completing a minor wave 5, and potentially the grand cycle 5. If this fall continues past 198, the previous 4 up, there is a very good chance that this is finally the end of this 2 year topping process.... If there is a rally back above 217 then the short will be closed and instead go long for what ...

broughro broughro GLD, 60, Long ,
GLD: (B) potentially ended and bullish potential abounds to 150
100 1 1
GLD, 60 Long
(B) potentially ended and bullish potential abounds to 150

(a) (b) (c) correction fulfilling minimum requirements for (B) where (c) equaled 1.618 of (a) at 118.45. Looking long now for minor wave (C) to end at 150, or $1500 cash before resuming major bear in gold. But, good money to be made in (C)...close out if price drops below 117...next target for end of (B) would be 112, but I don't think we're going there until ...

broughro broughro SPY, 15, Short ,
SPY: Nice little pop...right before the drop
131 0 1
SPY, 15 Short
Nice little pop...right before the drop

if this is an extended triangle 4th wave then expect a quick "thrust" lower to 5...

broughro broughro GLD, 120, Short ,
GLD: If you didn't before, lock in profits now...
110 0 2
GLD, 120 Short
If you didn't before, lock in profits now...

Minor wave (A) appears to count complete after stopping just shy of the previous minor wave (4) high; a common termination for an initial counter-trend advance. Expect GLD to now correct downward in overlapping waves to approximately 114 before launching higher in minor wave (C)...which should be the end of the counter-trend advance before resuming the larger ...

broughro broughro EURUSD, D, Short ,
EURUSD: Wave Structure Says BRexit is a YES
71 0 2
EURUSD, D Short
Wave Structure Says BRexit is a YES

Wave structure is signaling a significant drop in the EUR versus USD...GB exit from EUR would provide that initial emotional impetus to sell EUR for the next few months before launching back into a long-term bull market for EURUSD Let's see how it plays out...

broughro broughro GLD, 180,
GLD: Time to take profits...
39 0 2
GLD, 180
Time to take profits...

We are approaching the deep retracement target of 127. Might be best to take profits here. Once this wave ends expect a choppy overlapping wave (B) down...probably to around 113 before launching (C) up... Let's see how it plays out...

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