The way the markets are looking and feeling right now, I would be very surprised if market participants don't push this stock into the gap
Not withstanding yesterday's spectacular selloff - which was indeed mentioned in the previous chart, I have now updated the counts. Bottoming has happened exactly WHEN it should have - so for now, stuff is bullish. If we make new aths then that would be extremely constructive for a major target bump up
With fear and greed at extreme fear levels, and the fractal behaving quite precisely, I think we get a ripper over the next 6 days, where VXX fills the gap from far below
Looks like the industrials are still poised to deliver fuel to this raging bull market. When it gets into the major top zone, I'll start becoming more defensive in my portfolio allocation
To add to the fuel from XLI, we also have fuel from XLF, to drive the market higher
I can't help that I am seeing so many bullish setups...
I think a bullish count to 3100 next is still on the table, a LOT will be revealed by the market moves over the next week. Weakness over the next week or two will definitely put a giant question mark on this count
See a pullback now, to complete the corrective move down, and then we should see blastoff into new ATHs, into mid november
I like MOMO for a nice strong move up to 160 region by early next year. Should mean that your favourite FANG stocks are about to take off... Its quite interesting -- Momentum has NOT made a sustained breakout for around 2 years!, and has been basing for that time period. A breakout here is A BIG DEAL
I think come October, we will have another B wave top in brazil which can be shorted - as per my cycle analysis
I think it is -- the earnings in a couple of days may well be the catalyst which either results in a panic sell or good beat. From my perspective, I will be adding to positions if we have a panic sell off after the ER, but will take initial position on Monday
As the grind continues, I am more or less shifting to the bullish camp, favouring a bottom here at the 0.618 channel boundary. We are still due for a bit of the 2.0 channel extension which was not finished in the previous advance, so I think we could indeed be starting an amazing move to 100,000 by mid next year
I am pretty bullish this stock longer term, but even on the shorter term we have 2 C&H patterns lined up for targets at 41 and then 48
I think this is a fairly key spot for XLI, where we might turn down, and turn down strongly. I think I will short here
After much heartbreak, there seems to be a potential bottom in EEM -- we need to see a corrective move back down for a (2), and then we are off to the races!
I like this setup with a stop below the last low, for a quick but sharp move up to the 200s.