sosgoodlfc

sosgoodlfc

My previous consensus was a deeper ABC correction but as we continue to trade sideways around this area the support becomes stronger. So here is an alternative view. We may see a double top which will surpass the previous high. If the double top is painted on diminishing momentum expect a good dip back to at least the 20 DMA before it continues to trudge upwards...

sosgoodlfc

Just thought it would be good to remind ourselves of the bigger picture with the Dollar. Could easily see strength around here as it seems to be forming a base on the daily.

sosgoodlfc

Reiterating my long stance on bonds. I see two possible outcome which could ignite TLT back to its previous high. 1) The broader market gets back to it's previous high in which case I think TLT will likely follow as institutions hedge on the way up 2) We go for a deeper sell of in the broader market completing an ABC correction which may lead to a flight of...

sosgoodlfc

If it breaks the most recent low it may be worth a short term short

sosgoodlfc

Updated my gold projection as I believe we are getting very close to a break up to the wave 5.

sosgoodlfc

Provided the broad market doesn't start to take a real beating & this remains only a correction for tech I would expect a continuation of the trend for the dollar. See the blue shaded area for projected levels where the trend may continue.

sosgoodlfc

The Lira is trying to desperately hold these levels. The USD is potentially being put under a lot of pressure through this manipulation - If a reversal is to come in the Dollar I would keep an eye on how this plays out.

sosgoodlfc

I really like this set up

sosgoodlfc

After the FED meeting has the wave 5 been sped up?

sosgoodlfc

In a consolidation triangle looking for a trend continuation as we complete an ABC up to the wave E of the triangle. Target levels & times are the red zone.

sosgoodlfc

My take on what the next few weeks may look like. My preference would be the ABC correction with heavy rotation so this market could create a major key support level.

sosgoodlfc

Commodities as a whole have been getting a beating for a while now. If you zoom out you will see a MASSIVE consolidation triangle. Using Elliot wave analysis we have projected a possible break of this colossal triangle. If we get some movement downwards to wave the 4 correction boxes I would definitely consider adding some exposure to a basket of select...

sosgoodlfc

Following on from my Gold & Silver analysis I'm finishing up with some analysis on the Gold/Silver ratio. Expecting another silver spike to correspond with the 5 wave in both Gold & Silver. Since the start of the metals rally back 2018 my motto has been buy Gold on pullbacks and buy Silver on momentum. Then close out both at the end of a significant move. Keep in...

sosgoodlfc

Once again Elliot wave, Fib level + Fib time analysis. This is my take on what the possible outcome could be.

sosgoodlfc

I'm expecting gold to take another run up after a mid term correction. This is based of Elliot Wave Analysis, Fib time & price analysis. See the green and red bubbles for heavy buy and sell periods.

sosgoodlfc

Using Elliot Wave Analysis & Fib Analysis I've drew up a likely outcome for the correction to this monster rally. I've been using the 2018 correction bounce and the 2009 market crash reversal as example studies. In my last analysis I did predict a gap fill & then All time highs before larger volatility (Check out my "ideas" as evidence). Well now we are here at...

sosgoodlfc

Blue = Trend continuation probability based on fib time & fib level analysis (Darker = higher probability) - Red = probability of entering correction (Darker = higher probability). Based on this analysis we could be heading for around the 90 - 88 level. Looking for an entry on a break of the short terms correction trend.

sosgoodlfc

Based on what we see here we could be due a more major correction. Watch the triangle for the trigger.