WVS_Stockscreen

WVS_Stockscreen

I keep getting drawn back to this long term chart of the Dutch AEX index. It still looks like a beautiful 5 wave EW pattern up from the 2009 lows with ideal wave relationships/Fib retraces and extensions. Suggests that we are likely about to roll over again and head lower (minimum -20% maybe much more) in a wave C or 3 down.

WVS_Stockscreen

Indian stock market has a completed 5 wave pattern from the 2016 low. First impulse lower followed by corrective rally since late October looks to also be complete. Now awaiting breakdown (below 10300 good indication). Offers decent risk/reward trade off - short 10800, stop 11400, target at least 1000 points lower perhaps even as low as 8250.

WVS_Stockscreen

When the channel breaks look out below - for Boeing and the wider market

WVS_Stockscreen

Massive confluence of resistance in the Xetra Dax just above 11,500 so this would be a great reversal zone for shorts 1. Underside of multi month H+S top neckline (red sloping line) 2. Downtrend resistance line since 2018 (black sloping line) 3. c= 0.618x wave a in a simple 3 leg correction up from the Xmas lows

WVS_Stockscreen

Equity permabulls desperately clinging to s/t uptrend on NDX....may make one more attempt at 7100 but below 7030 and it should be all she wrote

WVS_Stockscreen

resistance overhead at 54-55 zone looking for sub 25$ tgt sometime next 12-18 months