Bet I don't check the SOL price as anxiously (or often) as you check DOGE again...
As my per my analyze, NSE:INTELLECT is now take a pullback from current level. Best risk and reward view. My entry point is 509.50-510 . I will hold till target of 515, 533 & 545. I will exit if price trade below 496-494. Note: This is my personal analysis, only for learning. Thanks.
Hi all, I noticed looking at a few filters on my screener that there was some high dividend yielding companies all showing good benjamin graham numbers. It was immediately obvious to me that the vast bulk of them were in the financial sector, with the narrative of most of the worlds developed populations life changed by huge degrees and the flow of money slowed...
Last week I showed the TVC:SPX would reach 3200+. See here . BINGO we have arrived. What's next?! Most likely a few more scribbles higher to finish this impulse off the 3070 low and then a move down back to 3070 for wave-4. As this market continues to count well as an impulse up and not as some sort of over-extended b-wave or what not, applying the impulse...
Keeping it simple: tracking a standard impulse vs a diagonal. The first sees (grey) minute-iii complete soon then wave-iv (orange target zone) and then wave-v to complete (green) minor-3, etc. the other is looking for a larger top and then a larger decline before the markets rally again. Thus, the next pending correction should be bought either way. Trade safe!
The price action on the TVC:SPX since the May 1 high has been rather frustrating and overlapping. For one, the index is only up 3.9% since then. IMHO this means the TVC:SPX is working on a larger ending diagonal Primary V wave. Ending diagonals move in 3s (3-3-3-3-3) most of the time and this means (red) intermediate wave-c of black major wave- 3 is now...
Using Elliott wave one can determine once an uptrend has ended as the market simply has run out of waves. Here I assess the waves off the November 2008 low (yes the NASDAQ:SOX ) bottomed well before the other major US indices and has thus been a market leader since. However, it's price pattern off the December 2018 low is all but ideal and in elliott wave terms...
Not too much to add to Tuesday's update as price continues to remain in the ideal target zone. Seems like it "wants to" tag that upper red trend line around the round TVC:SPX 3020 level, but for that to happen, 2983 must hold. A move and close below it targets low 2960s AND direct overlap with 2960 then make the whole move up off the 2855 low only three waves....
Last week price on the TVC:NDX overlapped with what could potentially have been a wave-i of an five-wave impulse (i,ii,iii,iv,v) higher, making it therewith most likely only a wave-a of a three wave (a, b, c) sequence higher where wave-c was 1.618x a. Today the Bulls had the change to try for a possible diagonal pattern. Namely, in diagonals the 4th wave (iv/e)...
The NASDAQ100 (NDX) broke below its August 22 high and therewith invalidated its potential to do five (i, ii, iii, iv, v) waves up off the August lows. Instead it became only three: corrective. Namely, when a new move starts, even if it is five waves up or down, we can never know beforehand with all certainty if that move is an impulse (wave-1 of a 1,2,3,4,5 move)...
Currently, IMHO the ideal setup would be a small c-wave down into the ideal wave-4 target zone followed by a rally to SPX3045-3075 which would then provide for a nice setup for a larger decline into late next month to adhere to the pre-election year seasonal average pattern this market has been tracking well all year so far (see here ). A break below SPX2940...
Last week I presented two options " The first is that the S&P500 has completed classic symmetrical triangle. It is a continuation pattern, meaning that the move going into the triangle will continue. In this case it was the move from 3029 DOWN to 2822 that was the initiation move. Assuming SPX2939 was the top of the b-wave, then simple symmetry targets: 2939 -...
The month of August was very hard to forecast, track and therewith reliable trade as price raced back and forth in a 120p range on the S&P500. Life would be very easy if we'd known beforehand this would happen. But how could one know!? After several back-and-forth races the triangle option became more and more likely and today's price action combined with Friday's...