"e" wave have started/will start and this comes just when Hawk Powell is about to speak later today. Whenever Powell speaks after FOMC, market tanks and that's the opportunity for dip buyers. Buy the dip
Not sure if bottom here but buying some cheap long dated call as lotto ticket
15000+- target 1.618I =III and we will see big correction with wave IV before wave V
Supported at 0.786a=c after sharp fall. Gold was supported at a=c and reversed higher. Gold target $1600 Gold/Silver ratio indicates Silver will outperform over Gold. Target of Silver is still at $21+. It may extend much higher since this wave from recent low could be wave 3.
Buy any dip. Unsettled balance arbitrage trading is negative and the difference is the biggest negative numbers in the history. Buy any dips. opportunities may come with ECB, FRB and BOJ rate decisions. We will witness the move like 2012 and 2017 going forward.
Buy any dip. Unsettled balance arbitrage trading is negative and the difference is the biggest negative numbers in the history. Buy any dips. opportunities may come with ECB, FRB and BOJ rate decisions. We will witness the move like 2012 and 2017 going forward.
abc correction done. too many shorts in this index. More short cover confirmed.
towards 107.55 before sellers take control again.. Broke above 105.42. It can extend towards 107.56~108.30 in the short term.
it will extend higher towards $1450~1488 with condition that it stays above $1266. USDJPY is bearish and this is in line with GOLD bull. Gold = JPY
PBR on 08/23/2019: 1.02 The unsettled buying balance of arbitrage trading at TSE 0.435 trillions Yen (one of the lowest) Selling balance is 1.629 trillions Yen When the index breaks below 20000 mark, PBR may hit 1.00 or below and that where I will turn buyer. Similar price actions with SPX500 (refer to analysis)
will see this pair much lower towards 61~57 wait for bounce to short.