Technical analysis for XAGUSD. Bearish count is looking for a C wave to take price back towards 17.54. If median line (red line) of pitchfork can't be tagged, lower prices remain likely.
Technical analysis for US10Y. Bearish on long-term bonds, this analysis has yields continuing to go up. Displayed count has A wave beginning off 9 March 2020 low, completed 23 October 2023. B wave as completed zigzag to September 17 2024 low. C wave count in wave 3 of 3, with targets of 5.337% and 5.592%. This count shows C wave completing at top of pitchfork...
Long-term analysis of DXY. Bullish count sees double-combo of March 2008 low, W is a regular flat, X is a zigzag, Y would be a zigzag with target of ~128 and median line of pitchfork to complete wave C of Y. This move would likely see US10Y targeting 8% in a long-term bond long-squeeze.
Bearish counts for US30 (DJI). This count has impulsive price action from ATH of 45105.1 to pivot low of 42008.0. Corrective price action off 42008.0 low, looks like a regular flat with wave (C) in progress. Wave (C) would either complete a wave ((B)) or wave ((2)).
Two bearish counts for ETHUSD. This technical analysis sees price action from 4104.56 to 3098.95 as a completed impulse wave. .5 and .618 fibs drawn/projected from high pivot of 4104.56 to low pivot of 3098.95. Corrective price action off 3098.95 low to present time, counted as zigzag with Elliott Triangle wave (B). Less bearish count has larger zigzag...
Chart comparing supercycle structures of SPX, RUT, and DJT. Supercycle starts October 1974. Wave 1 peaks are in 2007-2008, wave 2's are zigzags that end in March 2009. Wave 3 terminates in November 2021 for RUT and DJT,ithe latter of which has a blow-off top. SPX wave 3 terminates in January 2022. Wave 4 assumes all three indices are forming flats. SPX and RUT...
Proposed technical/fundamental analysis for US10Y/DXY/US500/VIX. Bank unrealized losses on available-for-sale and held to maturity securities was $364 billion in Q3 2024; this number will continue to increase as long-term treasure rates increase (www.fdic.gov). US10Y yield chart looks for yield to go higher, north of 5%. If treasury rates continue to increase,...
Technical analysis for XAUUSD. This Elliott Wave count has price in wave (iv) of primary wave V. Wave (ii) was a long regular flat, wave (iv) in this case would be a relatively short zigzag, with the c wave in progress. Would look for the c to end below 2400 but above 2075.135. I would expect wave (v) of V would be quite extended, terminating >4000.
Technical analysis of the Nasdaq, comparing futures and NDX. Charts show essentially the same thing. Completed impulse waves, red median lines being tapped signaling tops.
Technical analysis of US30. Cleaned Elliott Wave count off chart. Pitchfork drawn from major pivots over the last 5 years (March 2020 low to January 2022 high to October 2022 low. If price cannot tag the median line (red line) of the pitchfork, there is a high probability that price will return to the last pivot (green ellipse). At present, tagging the median...
Technical analysis for US10Y, bearish count. Bearish reaction to interest rate cut. Looking for long-squeeze, banks in trouble (>$700 billion in unrealized losses) without bailout. Speculation at present, but could be catalyst for quick drop in equities to October 2022 lows.
Technical analysis of ETHUSD. This count has price at or near completion of wave ((1)) of iii. Wave ((1)) has completed a five-wave structure. Wave ((2)) valid with price above 879.80. As price never tagged the median line (red-line) of pitchfork, this analysis suggests a deep wave ((2) towards 1000.
Technical analysis of US500. This analysis has price in wave 4 of (5). Wave 4 would appear to be an Elliott Triangle Wave. If accurate, wave 5 of (5) would provide one more all-time-high to complete top (unless truncated). Price is very unlikely to tag median line of pitchfork (red line), a bearish side which suggests price should fall back to 5835.6 at a...
Big picture technical analysis for BTCUSD. Price in log scale. EW count has price in wave 5 of (3), with top expected soon. Looking for wave (4) to be quick and head back towards 20k, no further than top of wave (1) at 19804.25.
Big picture analysis for ES1! Proposed primary wave ((1)) terminating in March 2000, primary wave ((2)) terminating in March 2009 as a zigzag, and primary wave ((3)) terminating in January 2022. Proposed primary wave ((4)) seen as an expanded flat, with wave A terminating in October 2022 and wave B at or near termination now. Wave C would take price below...
Bearish count for US500. This count has price in wave (5) of ((5)), to complete impulse off 5 August low. Again, not tagging median (red) line of pitchfork suggests bearish reversal. Count valid below price of 6197, as ((1)) > ((3)) > ((5)).
Technical analysis of NAS100. Update on proposed ending diagonal. Price doesn't seem likely to tag either of the median (red) lines of pitchforks drawn, a bearish sign implying price will return to 20309.1 and eventually to 18297.4. Count is valid with price below 22100.4. If count is correct, would expect impulsive price action back towards 5 August low.
Technical analysis for DXY. As long as 104.636 and 103.373 hold as support, bulls looking for move into the 112-114 area to complete wave ((3)) of C.