Basically Self Explanatory after CPI … SPX 500 will go to 4510 Next Week Lads
Very clear, very smooth, it’s complexity is in its simplicity… Below that line is a free fall to 380-390 Bounce off means back to 450-460
Short Term & Medium Term Bearish Long Term Bullish after completion of last leg down of this Falling Wedge I expect we’re at our Top (3.8-3.95) then we start rolling back all the way to the bottom. Then the next and 4th move upwards should break easily 6$
This is a scenario based on latest signs of exhaustion. Rising wedge formation in progress. There’s a gap to drop from breaking 3.091 if we do, my target will be 2.780 Market is risky, trade at your own risk
With over supply, demand going down i believe a rising wedge is being built into formation. You could see that it already broke the upper trend line which would be a signal for a downfall quite soon. Also, even though trend is up, you could see bulls were not really in control with huge resistance and brute force for every push up. It’s only a matter of time...
This is on the 2 HR chart on October Contract. Quite a bearish week. I still believe we are headed up. Very short time frame to have a full blown bearish continuation with winter right on the corner and demand expected to start rising with cooler temperatures. Also Hurricanes and storm season is upon us. Usually we see spikes in prices in September, October &...
In the making 5th wave formulation happening
Just a thought here let me know. History repeating itself with the regression playing out