Diagonal triangle completed-5 wave sequence. Breakout to downside beginning
Watch E wave to complete in next day.
Multiple signs showing that SP500 is nearing end of rally.
Nasdaq correction is near end. Watch for rallies today to sell.
4th wave in progress--still forecasting another leg lower as we head out in time
Dec 2022 3m Eurodollar futures nearing top --watch for break of Diagonal topping pattern
Long term view of Dollar Index below. Upside target projections with "3" in Final V wave in progress. See intraday chart in below second chart
Updated intraday Gold count. Still arguing that the mover here is lower
chart of LQD-HYG last week before and after FED bailout
I reworked the count a bit--this count I believe better reflects the wave activity of this bear market. Leg 3 is broken down in to 5 wave sequence where first and fifth wave are near 440 points. The current price action since the bottom of "3" is acting very much like a typical wave "4" correction. Look for the final leg 5 to complete by next week.
Analysis here is the same--watch the blue box for top range of 4 and the final bottom projections for wave 5 www.foxnews.com
See attached Eurodollar 3m Dec 2022--we are approaching the end of bull market. Look for one more potential move higher in the next weeks www.washingtonpost.com
Wave analysis argues we are in a wave "4" --the blue box on the right should be the range for the top of wave 4 and eventually the bottom of labeled wave 5 www.foxnews.com
30-Yr bond very close to end of bull market--Looking for top very short term.
My chart does not show the move lower today down to 63.00 . Great opportunity to buy cotton here