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PD_Capital Updated 

EM equities breaking below channel. Will the 21w EMA hold?

PD_Capital Updated 

According to this count GLXY has already met the minimum target for a short Wave 5 @ 20.82, but structure looks incomplete....so should we expect an extended Wave 5 to the 33 area?

PD_Capital Updated 

BTC seems to have completed Wave 3 and started Wave 4 correction. First support and minimum target for Wave 4 has been reached at 45.3k, but ideal target remains in the 37.4k and extreme target in the 31k area below. Previous supports of recent BTC rallies in the 20wk ma and 21wk ema will converge in coming weeks at those levels depending on the speed of this...

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Potential medium/long term targets for Wave V in usd/mxn. Minimum 26.80, Ideal 31.30.

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UsdMxn ready to explode higher...

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Watch for upper trendline and potential support retracement lvls and the possible development of bottom trendline to form an ABCDE triangle consolidation ahead of Wave 5.

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Possible targets for this BTC cycle....

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EM Local bonds seems to be testing the top of the downward channel while Stochastics are in overbought territory making it difficult to think of a breakout to the upside. Expect a move lower that most likely will come from the ccy side.

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If SP500 holds the island and downtrend, we can continue for the SP500 to go lower. A cover of the gap and break of the downtrend will open the door to test new highs, effectively erasing the drop from march.

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A close above the downtrend/island left a few days ago will open the door to test new highs and erase the whole drop.

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Commodities indices are pointing lower as well to continue multiyear downtrend....supporting weakness in EM and Commodity based currencies....

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USDCAD going higher in line with Oil (commodities) pointing lower for the next few weeks......

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The $USD index (DXY) has shown a clear pattern of 7-8 years of $usd strength followed by 7-8yrs of $usd weakness. If an orthodox cycle still holds despite/because of unprecedented CB intervention in the markets, the DXY high @ 103 that we saw in late 2016 should hold and the USD be on a downtrend into 2024. However, a series of individual ccys (DM and EM) point...

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EM local ccy ETF likely to resume downtrend started a couple of years ago. A possible combination of generalized USD strength and credit worries over the next few weeks/months.

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Interesting wedge on the SPX hourly chart. We broke below last week, and currently retesting and the FED is desperate to get prices above the lower trendline again in order for the recovery rally to continue.

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Interesting wedge on the SPX hourly chart. We broke below last week and are retesting the lower bound with the desperate help of the FED in order for the recovery rally to continue.

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Brent Oil has recognized the 50% fib suggesting the March low might not be the definitive low in this bear market. Deflation still rages on.

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Perfect fib retracement and next leg up to new highs is underway..