Looks like we are setting up for a nice pop in the VXX over the next week or two. I will be buying pullbacks early next week
Planning to acquire positions in the 7420 area, with a stop at prior lows. Should see a new ATH if we do blast off
I think not -- I will be looking for a hit of the box, at the multi decade trendline, in ~2021. Until then, advances in Gold when USD declines are too small, and declines in Gold, when USD advances are too large to warrant holding them as opposed to just holding dollar.
Last two times the chart got to support, we saw the start of major recessions -- will this time be different?
At present, it does indeed look like we are not making a sustainable move up. I see 2 pretty scary fractals potentially playing out. Firstly, as can be seen here - a hourly fractal of 29th May 2018 - playing out on the daily. Which portends a move up to around the 46.x mark, before we head meaningfully lower. Secondly, as can be seen here: - this is a daily...
Looks like we have a very interesting setup for gold to blast off versus the pound - This should be a long term trend
Think we see a dip into the next 2 hours which will be a buyable dip. Looking for 7493 in the next few days
I think there is a decent setup for good upside into the 410 region - so going for a small long here - like a lotto, don't mind losing it (so playing it with options)
Think we make a higher low as specified.
Previously I proposed an idea that we might be correcting first before reaching 1,000,000 in 2021, but now I think we only reach 200,000 by that time frame, unless we get another blow off top like early this year. Think we bottom early next year
I think we end up making a new low in Gold, but I do expect a bounce first -- which I plan to short. Should have the final low by Jul 2019
Netflix seems to be about to rocket into 550s by September
I'm on watch to short any and all rips on this chart. I don't want to chase this decline though but I'm sure we'll get some nice spike ups thanks to the huge short interest
Looking for a visit of the 80s by November-December 2018
With the high happening at the cycle trough, I am out of my longs from the 7417 levels. Extra careful this week since last week was full of whipsaws for me. Waiting to take positions at the 735x level around the next cycle low
Last week, I was whipsawed like mad thanks to me having made a pretty amateurish error - I calculated my support levels based on the 4 hour chart instead of the 1 hour chart (and I have 0 experience dealing with the 4 hour chart and don't know standard behaviours). Anyways, I recalculated my levels, and believe it or not, it got the exact point where price...
Looks like a pretty bearish setup exists on BIDU over the course of the rest of the year, with a bottom expected early 2019 at the rectangle. In Elliott wave parlance, I expect that bottom to be higher than the spike low in 2015 to constitute a running flat (with the terminal point higher than the intermediate point) -- this would put the macro extremely bullish,...