market will top when google does!google adds up the best, everything is textbook.. i bet once this is done itll be a clear call that this rally is done. My current PT for this beast is shown.. about 9% higher from here..
Eliottwavetheory
could we be ending our supercycle from 08?who knows.. just bored but this oddly lines up... idk maybe we are in for some more pain! even if thats the case, we will have one of the greatest rallies of all time so theres that..
the only tech stock i think wont go up immediately THIS IS OK! if msft slacks we can still run, however id bet if we run like i expect it to this will be invalidated and just run with everything else.. time will tell, but if your day trading and bullish there are far better set ups. For now a #DONTTOUCH
amazons got another small rally in it, along with the S&Pthink this still has some small upside, but not enough to justify the risk, this is a big #DONTTOUCH.
Even if you were to short this thing it wouldnt be worth it, it can go on a shopify type euphoric run that just doesnt stop and honestly i would respect it much more then shopifys.. its f**kin amazon!
possibilities for the future of the market i think the low is in, ithink the big companies will only get bigger and emerge stronger as consumers flock to what they know to be quality, well known established brands.
Anyway, i still feel this is the beginning of the next bull market, whether its 2-3 years or till election we should see some serious euphoria if my analysis holds true. time will tell, lets see!
Follow my twitter for more updates! @jose_spy1 i offer sometimes hour by hour updates but def daily ones, opinion changes with the market, this is merely me thinking out loud.. if im wrong id be first to admit, lets see how this goes!
Should add, im preparing for short term correction after this move i have laid out.. but think general market direction will be up. GOODNIGHT/MORNING/DAY
STAY AT HOME DUMPthis will tank, whether its a good buy on the dip is up to you but im looking for this to happen in the coming days, 15%. A B C is not drawn to scale dont use those figures. targeting a top of around 461
a play im very confident in everything is drawn to scale so feel free to play the levels exactly, i will post updates on my twitter @jose_spy1 if you want to get more accurate counts as the day passes, thanks!
disclaimer: i love tesla and this is merely a technical play, i think its a buy from this area! but wont rule out the possibility of this buy wave A of a much larger ABC, this stock is rich whether you like tesla or not!
CRAZY DAY!!!!WOWWW what a crazy day.. chart played perfectly now what about tomorrow? well heres what i think! we are headed MAX to 9158 on the NQ or 2876 on the S&P , i think the future algos will have there time well spent correcting that crazy move at the end of today.. that said upside is minimal R/R now to the down side.. any entry over 285s a good one, let her RIDE! follow my twitter for more updates @jose_spy1
VERY CONFIDENT! hello everyone i normally chart the SPX but it looked really choppy so i looked to the NQ and heres what ive got! looks great all things line up i am playing this aggressively! leave you opinions and follow me on twitter i would really appreciate it! @jose_spy1 would love to see other eliot counts so send em my way! goodnight!
Triangle breakout and retesting the support- Eliot wave analysisGOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99% Long)
As we can realize that GOLD had succeded to breakout the globale triangle pattern, after many rejections by the weekly trend of the globale triangle. This retest scenario was expected, and that trend contains now (and before) many pending orders ... It will surely continue to the 1710 zone and then 1721 till 1736 and so on.
** GOLD has proved now that it have more liquidity to go up for 1736 and reach the monthly globale UPRANGE!
**Instructions:
- Always wait for a reversal signal or confirmation before take any trade.
- This is an idea to help you make a decision.
Possible Alternate Scenario for Wave 4/5This is alternate scenario if ES breaks out of my initial target of .5 level, next target (and last) would be at .618 level since Wave 4 cannot cross into Wave 1 territory.
Also retraced Wave 5 based on Wave 4's new target.
S&P 500 Futures: Buckle up for round 2As expected, Wave 4 topped at .5 fibs (first target), which also happens to be the long term support from 2008, and failed to break through it (KISS OF DEATH). ES ended the day with a lower low. We're headed to retest the lows again.
USD short active it seems that w.3 might be completed. We could wait for the pull-back of w.4 around 38.2-50% retracement.
S&P Futures Heading to Wave 4Continuation of last night's chart.
Looking very bullish as Wave 4 on a bear trend is the ultimate dead cat bounce.
