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Wolfe Wave

GOOGLE:BAT/BALCK SWAN/Wolfe WaveGOOGLE:BAT/BALCK SWAN/Wolfe Wave Google/Alphabet is one of the “Magnificent Seven” and the performance of recent months is indisputable. However, even though the fundamentals are all green, there may be a "Black Swan" nestling within Mountainview society, this black swan might even have the face of the Department of Justice. Indeed, for several days, judges have been digging into the past to find out whether Google would not have abused and used financial manipulation to obtain this dominant position in search engines. Whether we subscribe to this conspiracy theory or not, we cannot neglect the fact that the government will want to make an example and deprive Google of its current privileges - such as, for example, being the default search engine at Apple - this hypothesis could even justify the probability of a severe correction, even if, in the long term, it should not have too much impact either. Add to that the fact that the Magnificent Seven are tired after their 2023 rally and you have a "perfect storm" looming over Mountain View.
NASDAQ:GOOGLShort
by Le-Loup-de-Zurich
2
SOX : Trendline to watch!!!!Trendline to watch!!!! Indeed, the “SOX” semiconductor index, known as a leading indicator, seems to be showing signs of weakness. Although it has returned to its uptrend line, we can still be wary of Wolfe waves which indicate a possible breakout. Not to mention that major components like “Intel” or “Nvidia” are either very high and overvalued (Nvidia), or have experienced a fairly phenomenal series of consecutive increases (Intel). Breaking the uptrend could be a negative signal for technology and especially for the market as a whole.
TVC:SOXShort
by Le-Loup-de-Zurich
1
chfjpy udpateThe CHF/JPY is a major cross-currency pair and is most widely traded during the Asian and European sessions. With the Swiss economic and political environment considered stable, demand for the Swissie spikes during periods of geopolitical and economic uncertainty in Japan and beyond. The pair closely follows the EURJPY pairing. While a liquid paring, total transactions account for less than 2% of total transactions across the FX market. Japan Switzerland Interest Rate -0.10% 1.75% 23-Aug 23-Aug Inflation Rate 3.30% 1.60% 23-Jul 23-Aug Credit Ratings MOODY'S S&P MOODY'S S&P A1Stable A+Stable AaaStable AAAStable
Short
by MtICHI
1
sp500 update:the Quasimodo patterntechnical view:the Quasimodo pattern formed as targets of this pattern are depicted on the chart fundamental view: Given the current economic landscape, mixed signals from major corporations, the looming rate hike uncertainty, and the escalating U.S.-China tech feud, markets are poised for heightened volatility. The overall sentiment leans bearish, with investors advised to exercise caution and closely monitor forthcoming data releases, particularly those that could influence the Federal Reserve’s decisions.
FX:SPX500Short
by MtICHI
2
usoil update Brent futures and WTI crude surge, echoing OPEC’s bullish demand outlook and tighter global oil inventory projections. Tightening supply concerns remain at the forefront of the oil price surge. Libya, an OPEC member, recently closed four eastern oil export terminals due to a severe storm. Additionally, Saudi Arabia and Russia have extended their voluntary supply cuts until the end of the year, further limiting the market supply. Russia expects its oil production to decline by 1.5% this year, as per statements from Energy Minister Nikolai Shulginov. concerns about weaker demand, especially from China, are tempering further gains. OPEC remains optimistic about global oil demand growth for the coming years, downplaying macroeconomic challenges like high interest rates and inflation. Market participants are also keenly awaiting U.S. inflation data, specifically watching for cues that could influence the Federal Reserve’s interest rate decisions. Considering the supply restrictions, bullish demand outlook, and recent inventory data, the short-term forecast for oil prices leans bullish. However, broader macroeconomic factors, especially regarding China’s demand and U.S. economic data, may introduce volatility. Presently, the price is near the main resistance zone of 90.10 to 93.74 and comfortably above the main support zone of 84.89 to 83.81. With these indicators, the market sentiment for Light Crude Oil Futures leans bullish, but caution is advised due to the overbought RSI reading.
TVC:USOILShort
by MtICHI
gold updateAmid China’s promising economic data, XAU/USD spot values surged, though gold faces challenges with rising global rates. -----Highlights Gold prices rise as dollar weakens against the yuan, fueled by strong Chinese economic data. Potential U.S. rate hikes cast a shadow, making investors wary despite positive signs. Robust U.S. economic data may delay anticipated rate cuts, with hikes more likely. Gold (XAU/USD) prices experienced a surge as Friday saw the dollar declining against the yuan, following encouraging economic figures from China. The latter ignited hopes of economic rejuvenation in the premier gold consumer. Nevertheless, the looming potential of more interest rate hikes in the U.S. has left investors cautious.
FX:XAUUSDLong
by MtICHI
DAX: Bearish BUTTERFLY DAX: Bearish BUTTERFLY - Beyond the technical aspect, we can see that the DAX will spark a huge bullish rally following Madame Lagarde's interest rate hike announcement. As far as I remember, interest rate increases rarely increase 1% at the same time. Today's excuses for "buying rising rates" include: “We buy because we feel the upward cycle is over, and this makes stakeholders happy.” But no one brings up the fact that we didn't expect this raise. Because we had the same feeling at the previous ECB meeting - that there would be no more rate hikes - and today we share the same story and everyone believes it. There is something rotten in the merchant kingdom, and if they realize it, the sanctions will be terrible.
TVC:DEU40Short
by Le-Loup-de-Zurich
wti updare :wolfe wave and dip-down confluence Despite major crude oil supply cuts, U.S. dollar resurgence and China’s recovery fears curtailed bullish trends. Short-term Forecast While the extended supply cuts and the recent U.S. inventory draw provide some bullish sentiments, the evolving economic landscape, especially in China, and possible Russian export boosts due to seasonal refinery maintenance, present a mixed short-term outlook. It remains cautiously bearish until clear signs of sustained global demand emerge. Price-wise, it’s nestled above the main support zone (from $84.89 to $83.81) and is edging towards the primary resistance area (from $88.68 to $90.10). Based on the data, the market sentiment for Light Crude Oil Futures on the 4-hour chart is predominantly bullish.
TVC:USOILShort
by MtICHI
2