Death to your crypto buddyJust try and go against it the force is strong with this one dump the corn and dump those yellow bars
Usmarkets
Dow Jones 1H -> Turnaround already or just corrective ABC?Dow Jones as well as S&P500 are interesting on the 1h chart. Lets see what todays session brings. At the moment I prefer the scenario that we are currently in a corrective ABC up which will find its end around the 61% retracement. At this level another leg down could very well start, target area blue box. However should we rise over the 76.4% retracement this scenario becomes rather unlikely. During todays session the 61.8% should be in focus for a potential short swing setup.
Dow Jones support and resistance -> 2nd leg down coming?As long as we stay under the 76.4% pullback retracement a second leg down is likely. Keep in mind there is a FED Meeting taking place today which could turn things around. Lets see...
US Markets reaching interesting pullback area prior FED meetingIs another leg down in the US Markets coming? If yes than it would be highly possible that this move originates in the 50-76.4% area. Trump Impeachment Process and Coronavirus (especially the shut down of china) are we weighing heavy on the markets can the FED tonight save the situation? It will get interesting.
S&P500 short as long as under 3335 levelAs long as the S&P500 stays under 3335 price level there is a danger of a bigger correction which could play out. There pullbacks in the S&P500 on smaller timeframes can be used for short positioning at the moment, since we do got a valid signal in the weekly price action signaling us at least a brief correction over the next couple of weeks. Please watch my last video analysis of the S&P500 big picture to understand why we are potential at a major level at the moment. (Video linked below)
Correction TimeThe S&P has entered the danger zone (red box), which is based on the .618-.768 fib extension from the last pullback.
Looks like the rising wedge has impulsively been broken.
We could see it retest, and reject again, but don't be surprised if we have some red days into the new year.
Currently I am long the VIX, and Silver & Gold Miners
The Dow Jones Making A Break For It!The overall structure of the Dow Jones 30 looks positive. The most recent pullback came down
and tagged the support level from the consolidation resistance and bounced off from that level.
After periods of consolidation, it is always good to see price retest support levels as it confirms
the support level is holding and gives more strength to the buyers. Now what we ideally want to see
is for price to continue to trade above the previous high at $28,175.
This will tell us that the buyers have enough momentum to see that price continues to create
higher highs for the next few weeks and months.
This is a good early indication that a strong bull trend may be unfolding and helps to prepare
us to take advantage by entering strong bullish stocks.
The Dow Jones has seen some nice growth over the last year, rising by 29% or 6,500 points.
This may seem like big growth to some but we may be in store for even further growth in the Dow
and overall US market.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Big Picture CountApologies for the mess, but first I want to post the bigger picture and then I'll link to the smaller counts within. I have us currently going up in B of the larger wave 4 in a running flat. Multiple fib time frame point to this B upwave ending around 01/01/2020 in the range of 3,200-3,300.
Then we should start the C wave to go back down to the bottom of the running flat, which will then either start the major 5th wave, or could continue the correction in a D, which would make the ABC and ABCDE instead.
I don't really think there's a way to tell which is more likely at this point. We'll just have to keep an eye on the geopolitical tensions.
Obviously once things cool down and trade deals are accomplished, that would most likely signal the beginning of the 5th major wave.
S&P500 should get interesting on the short side.The American Market Index looks interesting for a play on the short side. However I am not expecting this to be "big" corrective move but only a wave 4 to the downside which will be countered with a final 5 at year end. Lets see how this one will play out. So far the S&P is moving as analyzed.
US Markets - To the 1.618 Extention OR NOT? This is the QUESTIONWith everything going on, rates are what they are... And other things going on..
What do you think? Comment below and why!!!
Massive Recession Ahead
For more information watch the following:
youtu.be /Q3BjMUd391c (remove spacing)
S&P500 gains despite economic data worsening S&P500 reaches a new ATH. However ISM/PMI Data out of the US speak a different language. After we have already witnessed a global slowing and contracting of the economy with many countries having PMIs under the 50 level for quite some time now, the US has now followed this trend that has been going on for over a year. PMIs again came in lower today and under the important 50 mark, which means in the contracting area. We have now 3 readings in the PMIs under 50 over the last 3 months, signaling that the situation is not just a statistical outsider but a trend. I am expecting the US market (S&P500) despite worsening data still to reach potentially the 3200 level. However these gains are driven mainly be the expectations that the FED can turn things around like always. Should we reach the 3200 level and economic data has not been improving until then, I am expecting a bigger 3 Wave correction to start from there, potentially even a correction that could be correcting the bull market which has startet in the year of 2009, this could happen if despite FED interventions the Economic Data doesn't improve. Hence expect a correction from the 3200 level, the size of the correction then will be unfold on weather the FEDs interventions are successful or not. Either way I am expecting that it will get very interesting soon keep the markets under close observation. Good luck!
S&P500 stalling in front of target level. S&P500 has made a corrective 3-wave move up as analyzed, the blue target has been reached. As long as we dont shoot over the blue target I am expecting the index to reverse to the downside again. So as for swingtraders there could be good risk riward ratio at current levels however, entries need to be timed in lower timeframes and be confirmed in price action, at the moment that is still missing. Keep that index on WL.
Possible short swing in the US Market comingAs analyzed before I am expecting the Markets to be in bearish momentum as economic data has worsened. Trump & Fed are going to full length to keep the market up (China Deal & Repo/QE) but no new highs could be reached. I analyzed before that eventhough we are in a possible 5 Wave move down we should see a corrective abc move within a corrective 2 which should reach around 61-76.4% from prior high, this target on the upside has been reached on friday. Now we could revers again to the impulsive 5-Wave move to the downside.
DJI Possible Triangle in y of 2On Friday we are finished a possible Wave d of of 2. Now follows the last wave e to complete the triangel and we starting Wave 3 with a Target above 30k.
Potential Diamond pattern-Head of a possible Head and Shoulders My current opinion (to be invalidated if there are signals that contradict my current view). On daily charts, we could probably see an ultimate outburst to the top next week before a progressive collapse (on November 2019?) of the US (and therefore worldwide) equity markets. If this happens, then we would have a perfect Diamond pattern which would be potentially the Head of a Head and Shoulders' pattern. I'd pay attention to the monthly diagonal supports, in addition to everything you know (whether it is linked to data analysis, indicators, patterns, momentum, volatility, intermarket analysis etc.).
If this, which could appear to be too good to be true for long-term short-sellers, really happens, then maybe we could see the "Trump rally" become erased(Fundamental new could be linked to raise in corporate taxes again? Punishing the FANG etc?). Borrowing could become more expensive (increasing interest rates). This would go the same for the European Quantitative Easing. We would then be back to 2014-2015, where I think every equity markets started to become a Central Bank-engineered "price bubble".
Volume could decrease towards the formation of the potential second shoulder, then spike while the neckline is being cut. The RSI could start going lower and lower until oversold territory. But this would be a positive sign for shorts.
SP500/DJIA HnS "Inception"!another HnS (purple/yellow) spotted within the attached IDEA HnS (Within a larger HnS - Although not so sure this will play out on this time frame..)
Dow Jones with possible ABC korrektive move to the upside. The US Markets could make a corrective 3-Wave move to the upside. If this scenario plays we should see a c-wave to the upside which has the 100-123.6% fib. ext. as target area. Chance vs. Risk would be about 2 or higher at the moment. Note that my overall picture on the US Markets is still more to come on the bearish side.
Prefered EW Count DOW JONES at the momentTake a look my EW Count. Of course there are always various scenarios in play, but this is my prefered one at the moment.
SP shortsetup still active as Economic Data in the US WorsensIf you have watched my analysis before I still expect the US Market to correct to the downside min. a 50% retracement from the last significant low. Fundamental Data is worsen as we stay in the contracting area under 50 and get a new lower reading with 47.8.
S&P500 update prior FED Talk short scenario stays intactInterest Rates have been cut 0.25bp as expected, but more importantly what will Jerome Powell tell us during his speech? My short setup (WXY Corrective Structure) as shown before stays in tact as long as we don't break above the price area marked in orange on the chart. After the meeting we should know more. Be save in the Markets
$SPX to $BTCMany have missed a trend line BTC has respected from the start of this bull cycle.
The first and Last week of April created two points on that trend line that were later also respected in August.
The recent consolidation has been far above my trendline, allowing for sideways coiling for months while still respecting the trend.
Decision time is here though. By the end of next week, the trend line as well as this descending triangle will meet.
The decreasing volume and break through RSI trendline are usually good indicators prior to move upwards.
I expect a shakeout downwards first though, typical of BTC, and RAPID bullish candle immediately after.
Get ready everyone, 14k, 16k, and then 20k are coming in these next few months.
The interesting part is where the funds come from.
There has been a clear inverse correlation between US markets and crypto (one up, other down)
The US stock market is currently in a massive rising wedge ready to pop (last post).
I believe the SPX will come down to 2100 as first stop by the end of the year.
Whales will not have their money sit on the sidelines. Here comes BTC.
The US recession and the biggest bull cycle in the history of an asset will occur simultaneously.
DJI possible EDT in Wave C?!Maybe we have an EDT in Wave C. Their are two possibilities. First one is we make actually Wave 2 (max Target 27404) of C or we are in Wave C of Y (max Target 28011)
