We are looking for a completion of wave (3) in GLD with and pending wave (4) pullback into 181 level. Wave (3) rally in progress for a move towards 192 before a corrective (a), (b), (c) pullback.
Updates on AAPL as tech is leading the rally, looking for a wave (iv) pullback to close out our -ve delta butterfly spread. Could this be all of wave (v)? We’re rallying in same free wave (v) moving through the 447 resistance level before a corrective pullback ensues.
The 3 hours MSFT chart is showing we are setting up for one more push higher into wave (5) Green before a completed 5-wave impulse is complete. Looking to place a momentum trade on MSFT and potential takeover of TikTok for MSFT to expand into the social media business. Actionable Trade Execution in Video Report.
All focus will be on the NDX as the current wave (5) rally is on going that shows our bullish count into major top at 11500. The immediate rally should take us into 11300-11500 higher. Currently facing significant Fib resistance at the 127.2% retracement.
The leading NDX index is not showing as strong of a momentum in this wave (ii) rebound.
INTC is falling into wave IV consolidation. To the weekly chart, the next downside target the 42.30 down into channel support around 42.50.
The RUT daily chart shows we could be in sideways market here facing resistance at 1490. To the minor degree, wave y resistance at 1510 originating June 9th at around 1536 depending on the angle of approach.
Could the SPX retest Feb 20’ high at 336? On the minor time frame, the 100% retracement Wave (B) looking for Fib resistance at 3304 for decline into wave (C) before a long-term sustained rally ensues.Wave (B) resistance at 3304 acting as Resistance. On guard for a possible top.
Updates on exiting bearish biased butterfly, as the RUT consolidation continues, the longer it stays sideways, the bigger expected move is consolidation if ended.
contructive pattern on BTC is pulling XRP out of this long consolidation pattern.
We are looking for a completion of wave (ii) in dollar index with more decline lower towards 95. Wave (ii) rebound in progress for a move towards 98 before we place some longer term bearish position on DXY. Look to place Single Puts on DXY if the underlying hits 97-98 range expiring Dec 20’.
Up to the medium time frames and above, our TLT longs is moving into the money as bonds is starting to move higher targeting the 184 level. Focus is on remaining 3 impulse move higher for us to book our TLT longs possibly into September.
We are looking for a completion of wave (5) in AAPL with and pending wave (B) pullback into 300 level. Wave (5) rally in progress for a move towards 398 before a corrective (a), (b), (c) pullback.
Dollar Index decline still in progress and set to decline lower towards 95.
As we booked partial profits on NIO, the current pullback into $7-$8 range is giving us the opportunity to scale in on 2nd half Longs.
Could the SPX retest Feb 20’ high at 2400? On the minor time frame, the 100% retracement Wave (B) looking for Fib resistance at 3304 for decline into wave (C) before a long-term sustained rally ensues.Wave (B) resistance at 3304 acting as Resistance. On guard for a possible top.
GOOGL wave III completed and we’ve rallied in a complete motive impulse. Is this wave (5) of higher degree wave III. On guard for a possible top.
Though no chart updates, RUT could unfold into wave (C) corrective wave lower. Immediate resistance 1480 likely to find a wave (E) top for now. RUT wave (C) focus on on remaining push into 1200.