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 ,
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 ,
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 ,
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 ,
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 ,
72 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,
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...

broughro broughro SPY, 240, Short ,
31 0 1
SPY, 240 Short
Expanded Flat Complete: 3 Down should be 1.618 x Wave 1

Diminishing OBV with end of Wave 2 flat high supports conclusion of Wave 3 down beginning. Wave 3 is typically 1.618 times the length of Wave 1...let's see how it goes...I'm short.

broughro broughro TNX, D, Long ,
31 0 1
TNX, D Long
Next Stop 4%

TNX appears to have ended its 3 wave decline. If 3 hits the common 1.618 multiple of 1 expect TNX at 4.23 before its next significant correction, which will end above 3.0, the top of wave 1 and then likely equal the ascent of 1 for wave 5... Long TNX, short bonds...

broughro broughro SPY, 240, Short ,
106 1 3
SPY, 240 Short
What do YOU think happens next?

Notice that On Balance Volume has been NEGATIVE FOR OVER A YEAR during this year-long topping process and its been on a trend of decline since the trend line of the 2000 to 2007 tops was crossed. Has the mania ended? You tell me; what do YOU think happens next? I'm short...

broughro broughro GLD, 120,
35 0 1
GLD, 120
GLD Continuation...one last pop before (B)?

An impulse waive is commonly divided by the golden ratio at the bottom of the fourth wave leading to a more precise estimate for the end of (A) at 125...then be looking down to begin a slow overlapping corrective (B) wave before continuing the major upward correction to (C). The termination of (B) will inform the target for (C)...

broughro broughro SPY, 60, Short ,
80 0 2
SPY, 60 Short
2000 or 2007 all over again?

Notice that clearly corrective rally ending this double zig zag corrective wave 2 has terminated in duration very similar in time as the 2000 and 2007 failed corrective waves (I've copied and indicate the 2007 and 2000 channel paths as indicated). Are we beginning wave 3 down? It appears likely and the entire structure from the late August low at 1 is clearly an ...

broughro broughro USO, D, Long ,
50 0 1
USO, D Long
Ending Diagonal in Oil with a Weak 5th

Ending diagonals almost always reverse quickly with a deep retrenchment. Expect an overlapping upward correction to ~38, the previous (iv) over the next 8 months. Its been a long slow decent, so probably a quicker upper correction.

broughro broughro SPY, 60, Short ,
72 0 1
SPY, 60 Short
Super Short NOW - SPY continuation

For those students of Elliot, this (W) (X) (Y) overlapping sideways move clearly represents a correction of 1 where (W) is an expanded flat followed by the ziz-zag (X) then the triple zig-zag (Y) where A = C and a circle = c circle at 203. Now, look all the way back to April where you can see that this current correction is ending in the immediate range of the ...

broughro broughro VXX, 240, Long ,
65 0 2
VXX, 240 Long
Long Volitility?

If this is becoming 3 circle of (3) then the next few days should be some of the most volatile in years. Long to 44 but cut your losses if it falls to 19. So you are risking 3.71 loss for a gain of 22.

broughro broughro GLD, D, Long ,
57 0 1
GLD, D Long
Gold - Continuation and extended forecast...

If (A) ends at a 78% retracement of the ending diagonal as forecast then expect (B) to retrace 50% of (A) at (iv) of iii circle before launching (C). It would be common for (C) to end where it equals (A) so if (B) ends at ~114 then (C) should take GLD to ~140. Be ready to flip BEARISH once (C) approaches 140...cash Gold 1,400 should prove round number resistance...

broughro broughro GLD, 120, Long ,
43 0 1
GLD, 120 Long
Long to 122 for (A), correct in (B), then (C) to 135..then crash

just updating my earlier forecast for the clear extending (iii) of iii circle. Should be mostly sideways until two minor pullbacks end around 112; likely in a triangle or extended flat due to alternation...then zoom to v circle before reversing in an overlapping (B) wave down for a couple months before resuming the ascent in (C) to 135 or $1,350 cash spot before ...

broughro broughro SPY, 120, Short ,
113 0 2
SPY, 120 Short
A Clear 3rd of a 3rd Elliot Wave Down is underway - continuation

v of iii circle of 3 appears to have begun in today's afternoon reversal ending the relief rally. Since v would be equal to i at 183, short of iii's termination, expect v to extend to 1.618 of i and end around 178 before the next short term relief rally to circle iv. Main point is that the waves clearly indicate that the main trend has reversed. Also note that ...

broughro broughro GLD, 180, Long ,
64 0 1
GLD, 180 Long
Ending diagonal should now quickly retrace deeply ~78% to (A)

First 5-3-5 is near completion and if it morphs into 5-3-5-3-5 than that will be Minor 1 of (A) of Primary B. This should be a quick ascent as its the initial correction of a large slow ending diagonal that started in May 2014. (A) likely ends near 125 before correction in (B) before continuing to (C) of Primary B around 135 (1,350 cash gold). This will take a ...

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