I'm still bullish equities but reckon that a few markets might be due a decent correction. This count makes that case for this index that one is due to start sooner rather than later.
Here I go again....calling tops in a market that has been relentless in it's uptrend for the last few years but could these be possible counts for the Nasdaq to at least show a decent correction?
A couple of bullish counts here for ROKU, with the blue count being the preferred one. If I'm right, and that is a big IF, it would also suggest we may be about to see a bit of risk-on in the equity markets after a lot of chopping around......
This rather optimistic count for the Hang Seng would be invalidated with any break below the 24537 level.
It's been a fabulous ride for holders of stocks in this company. However, I read an article concerning how the founders of this company have been selling a lot of their stock in since the beginning of the year and produced this as a possible wave count (calling tops usually leads to egg on faces).
I don't own any bitcoin and don't trade it but still like to follow it, as it's fun and interesting. It also seems, in my opinion, to carve out patterns that follow many tenets of Elliott Wave. Right now. is it in the process of completing a complex 4th wave correction? Has it finished or nearly finished a 5 wave C wave down to complete the double zigzag...
I still reckon there is some decent upside in equities going forward but also think we may need a bit of a shakeout first.
I still favour the red count here which would suggest more weakness going forward for the British Pound.
Known as something as a bellwether for US stocks this is an index that I keep an eye on. This idea posits 3 different courses, although 2 of them are almost identical, all of them bullish eventually. Personally, I prefer the red count that suggests that we are still in the b wave of an expanding flat that will fool a lot of people.
Another slightly obscure etf from the UK showing a bullish count for Japanese equities (hedged to GBP). The grey line is the price of GBPJPY showing that when equities rose the Pound rose with them. Time to go long both?
Palladium seems to be showing a classic ABC zig zag correction with A and C waves that seem to be carving out 5 wave patterns. The issues in these counts to me is whether in fact my wave iii actually completed in March 2019 as the March high is also the 2.618 extension of it's wave 1 or in fact the current bullish price action is still in fact wave iii.
As always, there are alternative counts but this count will be negated for sure if the downtrend continues below 13.43. Whatever the faults of this count I can't help but feel that we may be witnessing some sort of protracted correction before things resume higher again.
Nickel has made some good progress this year and as a major nickel miner is Glencore about to benefit? Might be a bit early to call this a reversal but watching carefully.
Whichever way I look at this reckon it might be due a decent rally. Kiss of death really.....
Taking this UK investment trust as a proxy for UK small caps this count suggests that it may be in the midst of a decent correction and may have further to fall before resuming it's upwards trajectory.
A more bullish count but still suggesting an almighty decline eventually. This one or the other one or another one.....ummm.....?
While this count expects a decent rally into 2020 it's longer term projection is for a pretty serious move to the downside.
I said in my previous posted chart that there seemed a lot of counts for the DAX right now. Well, here's another one. Still bullish.