BradMatheny

BradMatheny

Get ready. I believe the price of Bitcoin will breakdown even further over the next few weeks and possibly attempt to test the $5400 level (or lower) before finding any real support. At this point, any further price decline will rock the crypto community's sense of stability and "belief" in these tokens. There appears to be very little upside opportunity after...

BradMatheny

Bitcoin has followed my analysis almost perfectly. After rallying higher and rotating lower recently, the breakdown in price has fallen back into my Tesla arc analysis and appears to be basing near $6k before breaking lower. Don't expect another upside move till levels below $5900 are tested for support. Yes, another short term rally will happen, but it appears...

BradMatheny

Once crude oil breaks $65 ppb, watch out below. A very quick move to near of below $58 could happen pushing longs to cover. Be prepared for this move and watch for a breakdown in price as a key trigger. My assumption is this will happen before the end of August.

BradMatheny

Get ready for it. I might be 2~5 days early, but I don't think so. Get ready for a 2.5~3% pullback in the markets and get ready for the VIX to shoot higher over the next few weeks. Support exists in the market that will hold for another leg higher - but this is likely a top setup that is about to exhaust itself and collapse about 3% (targeting support) before...

BradMatheny

My custom China/Asia index shows, very clearly, the support near 7200 is critical at this time. The continued weakness originating out of China and the efforts to contain the current rout as well as contain an economic crisis are clearly generating concern throughout the globe. China has it's fingers in many other global nations. A collapse in China would...

BradMatheny

Expect the SPY and major US indexes to rotate a bit before starting another leg higher towards the end of August. The momentum is certain bullish at this point and earnings continue to drive higher expectations for the general market. My analysis suggests a bit of rotation could come over the next 5+ days as these new highs are created by the moderate push...

BradMatheny

This custom Market Cap Index is something I used to gauge market conditions and capability with regards to trends, peaks, bottoms and more. You can see that is ranges price volatility quite well and allows me to see what the market is capable of doing over the next few weeks and months. Right now, the US stock markets have quite a bit of upside price range to...

BradMatheny

The recent breakup of Bitcoin may have elated some traders with signs of new life in a very tired downtrend. Yet, my analysis shows this might be a false move prompted by all of the Bitcoin Bulls that were waiting for any new fresh signs "the patient is still alive". After a fairly mild rally, a new price peak was established in line with my time/price cycle...

BradMatheny

Even with the strength of the US Dollar, Gold is attempting to hold above 1217 which coincides with a key Fibonacci level on the chart. I know my charts seem cluttered, but this is a lot of Fibonacci, Time/price cycles, Tesla Vibrational theory and other analysis tools on one chart. Pay attention to the 1217 level right now because I believe this will play out...

BradMatheny

US Equities markets are finding support with relatively strong Q2 earnings. This SPY chart shows what I believe is the critical support zone. Watch for capital to migrate away from certain growth sectors and into more value/dividend sectors as capital is searching for a safe location to avoid contagion issues arising from global debt/credit concerns. Expect the...

BradMatheny

FANGs and technology companies could see an additional 20~30% drop as the inflated pressures of pricing expectations deflate. Technology, much like the 1999 DOT COM bubble, have been inflated over the past 2+ as foreign capital capital has rushed into the US market for safety and security. This recent rotation could be the beginning of a deeper price rotation in...

BradMatheny

Don't expect the US markets to react too harshly to FB and TWTR news this week. This custom US Index is showing overall trend strength and support as prices continue to accelerate upward. The earnings concerns of a few stocks may not have much of a downward effect on the markets throughout the next few weeks. These are just isolated events. As my friend used...

BradMatheny

My NQ Cycle analysis lined up perfectly with this move. This rotation should keep the NQ between 7300 and 7400 for most of the next month. There is a chance the NQ could fall further, but I doubt it. Pay attention to my analysis posts and follow me if you like my work. I'll keep you informed of the markets as I see them going forward.

BradMatheny

TECS could move aggressively higher over the next few days and my analysis shows any move above $23.00 could be a very strong upside play for at least 5+ days. I'm not suggesting this downside move in the technology sector will last long, but I am suggesting that critical support is still quite a bit lower than where prices are right now. Take a look at my...

BradMatheny

Weakness below the current regression channel may prompt a larger downside move towards the lower price channel. FANGS may pull the US markets a bit lower on weak earnings and weak expectations. I don't expect this downside move to last long as the US economic is on FIRE and the foreign markets are rather weak at the moment. This is just a situation where...

BradMatheny

Watch the ES/S&P for a massive breakdown or breakout move near this inflection point. My Tesla Arcs are showing price is, just now, breaching the current arc and that usually prompts a bit of price rotation. You can see from my price channels that any rotation lower would likely end near the Green upward sloping price channel and would likely prompt further...

BradMatheny

Recent price rotation near my Tesla Arc indicator as well as near the upper range of the price channel shows a very clear indication that price will likely break downward - quickly. I would not want to be long the Euro at this moment and I would expect some continued strength in the USD as a driving force for this move. Either the USD strength will drive the...

BradMatheny

The JPYUSD chart presents an interesting formation in regards to Elliot Wave formation and Fibonacci price theory. One could argue the current lows MAY form support given the past price action. Yet, I believe this weakness in price will likely continue for some time forward as I don't see the Japanese Yen developing any true support at this time. The dynamics...