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Secondary

SPX Waterfall Cascade Targeting 2700Simple idea. Getting bounce EOD 2/28 with follow-thru in ES Futurz overnight, Asia improving in early trade. Black Swan event seems less likely now with VIX forming shooting star on Friday. Massive volatility spike with extreme bearishness typical of bottoms. Market internals on Friday (A/D, new ATH issues at only 4 on NYSE, etc) equal to 24 Dec 2018 minicrash. VIX will not likely get to 49 again on second sell, always calmer. Highlighted under arrows notice the characteristic 'h' patterns of secondary sells after brief rallies to 0.382 - 0.50 Fibo. Box with target price suggests target for secondary sell wave, could be a simple double bottom, or dig a little deeper to the lower TL. Fib time on the movement is short, typically few days to a coupla weeks as shown. Might only lift for 2-3 days before secondary sell. Should start a real bullish move in April through May, and a summer rally to ATH as projectged at 1.272; 1.618 is possible in a blowoff. Is the Bull dead? Maybe not yet... ultimate ATH tar at the 1.272 Fibo above 3500... let's see, crazier things have happened here!
TVC:SPXShort
by DaddySawbucks
1
Short term BTC playLooks like BTC is consolidating in a channel after the pump at the beginning of April. After the Bitfinex news on Thursday, it did take a hit on its bullish candle, but it also rebounded at a good support level around 4500 euros. The point of rebound also looks like the bottom of the upward channel which maybe a signal for good organic support. (FTR, I believe the news did affect BTC price). The rebound from the price is possibly the 5th wave in the channel and hence, we could possibly observe Bitcoin make another push for the magical 5300 Euros mark (roughly equivalent to the 6000 US Dollars mark). On the low 1 hour frame, it looks like we are on the 'C' wave of the secondary cycle in the 5th wave (4-5)of the primary cycle. I took the liberty of drawing the tops of the 'C' wave in the first two secondary cycles to test where this 'C' wave could take us. We could possibly take out 4750 euros today, i.e. 28th April, 2019 before we retrace. Additionally, my favourite indicator Stoch RSI is low at the moment which suggests its a time to buy. Let's wait and watch. I also expect BTC to tough 5100 euros before the 7th May, 2019 and retrace thereafter.
Long
by foolsbookie
2
Bullish Structure Formation With Big Targets!Hammerson PLC is an owner, manager and developer of retail destinations in Europe. Hammerson’s share portfolio includes investments in 23 prime shopping centres in the UK, Ireland and France, 18 convenient retail parks in the UK and 19 premium outlets across Europe. Hammerson is listed on the Johannesburg Stock Exchange (JSE). The Financial Surveillance Department of the South African Reserve Bank approved the secondary listing. This listing has been classified in the Secondary Listing as “domestic” for exchange control purposes. Hammerson believes that pursuing the secondary listing improves the depth and spread of the shareholder base of the Company, thereby improving liquidity and tradeability of its shares and ensuring the Company is accessing a wider pool of international capital. Technicals Looking at the bigger picture allows me to see where the price should be headed over the medium to long term and I trade based on lower time frame entries. Here we can see that a 5 wave structure has formed and it is of a bullish nature. This leads me to believe that we will see a break to the upside, eventually. There will be a period of consolidation once price reaches the top of the structure and I will look for confirmation of the break. Long entries are at a good level now to hold to the top.
JSE:HMNLong
by Linton_White