glgonzal

glgonzal

Looking for a 0.618 wave 2 retracement of wave 1 of 5 down. This should close the upside gap before heading down for a sharp wave 3 continuation to the downside. If it breaks above the wave 1 high then the count is wrong.

glgonzal

Dead Cat bounce and death cross slide to target zone of 2650 & 2700

glgonzal

S&P low side algo target is the 227 Fib @ ~ $2200.

glgonzal

As previous mentioned in January the market was heading up to algo target at 227 fib extension from the 1 and 2 waves. Target was almost hit at 2840. We have an extension the 5th wave up. Correction can go down and test December 2018 lows if 0.38 retracement is broken. Good luck to all...

glgonzal

Don't let the media fool you...Wave 5 just started. After wave 5 comes a 3 wave correction down of a larger. This is part of larger correction that will begin later this year....will update chart after wave 5 completes...in the next 2 weeks. Watch the bond markets....yield will continue to rise as money flows out of bonds to equities. Volatility should stay...

glgonzal

Gold shows cup and handle forming. It has pulled away from 20 day EMA and should break down below to complete wave 2 then move much higer....

glgonzal

What are your thoughts

glgonzal

Cup and Handle formations can support higher movements in trend.

glgonzal

EXPECT COMPLETION OF ABCDE TRIANGLE AND RETEST OF SUPPORT AT ~24241 BEFORE BREAKOUT TO UPSIDE THEN CRASH. LOWER VOLUME CAN BE SEEN COMPARED TO THE JANUARY ABCDE TRIANGLE FORMATION. THIS IS BECAUSE GLOBAL CAPITAL INFLOWS TO US MARKET ARE DECREASING AND MORE INVESTORS ARE RUN TO THE DOLLAR FOR PROTECTION WHICH IN TURN CAUSES DEFLATION. EXPECT THE BOND MARKET YIELD...

glgonzal

Expect reaction just below the 0.23 Fib w/ price reversing and retesting $9k.

glgonzal

ABC correction to 0.236. May be headed up to the 0.5.

glgonzal

May have extended 5th wave. Expect correction to the 0.618 then back up to 9k.

glgonzal

Wave 2 retracement to 0.618 Wave 3 retracement just inside of 0.382

glgonzal

Bull Run

glgonzal

Bullish signal. Could be moving up to complete inverted head and shoulders.

glgonzal

BTC is also in bump and run bottom reversal as futures contracts end but can drop further. Tether so called quantitative easing should help recover...as long as they keep issuing...lol. 400 million in 4 days.

glgonzal

New ATH coming

glgonzal

Headed to either down hill run or completing Elliot Wave 2 at $0.11