ChartWizardTrading

ChartWizardTrading

The NASDAQ futures appears to have carved out a 1-2-1-2 early wave 3 extension. If so, the index is going to carve out a third wave for the ages. A drop so sharp that you will tell stories to your grandchildren about it when they ask. History is about to be written and we are all a part.

ChartWizardTrading

The history of the chart doesn’t go back far enough for full context, but the assumption is that a major top in treasury bonds occurred in 2020. Since then, the market has been relentlessly carving out a 5 wave impulsive decline. Since this decline is unfolding in 5 waves, this tells us multiple important things. Firstly, what begins with 5 must also end with 5....

ChartWizardTrading

Those that follow me know I’ve been touting Gold for a hot minute, the count has slightly changed a few times but all roads lead to the same outcome. A three wave corrective wave 2 retracement before a rocket explodes off the pad. That’s exactly what we are seeing here with gold. It was a long patient wait, but the moment finally arrived. Gold is bullish. Gold has...