waverity

waverity

Expecting a small rebound waves ((2)) before a strong impulsive down wave ((3)) of (3). We think this bounce could present a nice entry for shorting treasuries.

waverity

We like the agriculture sector here with the one of the if not the largest flooding in history for the Midwest. The chart is extremely oversold on weekly and monthly time frame, the daily pattern has a lot of potential and the fundamental could be changing quickly with this flooding (more rain coming and melted snow from up north not arrived yet).

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The VIX could be accelerating soon, US equities should see a pullback in the coming days.

waverity

SPX looks close to having completed a full 5 waves dowside. A corrective rebound wave is probable soon.

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My "in house" composite index seems to have bottom right at the 88.6% retracement. Having completed a beautiful bullish wedge, the coming rise in the following weeks should be massive. A breakdown below the recent lows would invalidate this view. Bitcoin has been making a base near 5800 over the last few weeks but ETH was lagging and just reached its low, near...

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After a long and deep pullback, cobalt related stocks seem ready to rise significantly from their extreme oversold condition. The chart represents a "home made" index of of stocks from the sector. As long as the recent low (trendline) holds the Elliott wave count is highly bullish.

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Canopy growth has reached the top of its channel and fibo projection. It is also completely overbought all time frame. We are expecting a pullback over the coming days and weeks.

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Shorts positions (balck line) are getting extreme on Bitcoin at levels at which rallies have started previously. At least a short term bottom has been made probably. Bitcoin price (red line) should rise in the coming days.

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My "in-house" composite of blockchain stocks trading on TSXV has reached an important corrective target, a highly bullish setup has started.

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The correction of crypto currencies has ended I believe tonight, right on time for the EU crisis. Bitcoin could almost double in a short time from here with a standard target in the 12 000 area. Eventually I wouldn't surprised to see BItcoin reaching above 30 000 for this dynamic bullish wave 3.

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Huge Head & Shoulders pattern on EURUSD - target $0.81

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Double top with bearish divergence on RSI . The defense sector is weakening rapidly ( LMT -1.96% , NOC -2.02% , RTN -2.65% ). Boeing -1.92% should follow lower soon.

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Double top with bearish divergence on RSI. The defense sector is weakening rapidly (LMT, NOC, RTN). Boeing should follow lower soon.

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The TSX composite seems to be completing a wave B and ready to initiate a down wave C.

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The US stock market is really choppy but is starting to look more and more like triangles. That would be a running triangle on the QQQ , shown here, and a falling triangle on the DOW Indu. We will have to wait to see which way the triangles break out before being certain of the Elliott waves count. But for now, considering the high numbers of 3 waves patterns...

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Bitcoin seems close to start a hugely bullish wave iii of (3) of 3... A new crypto frenzy is on the verge of breaking out, only a break below $6600 would invalidate this view.

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Is a market crash coming ? Rarely, in the last 30 years, have we had a US market price action (SP500) that similar to the days preceding the 1987 crash. There is no certainty that history will repeat but it might useful to consider that it is at least a similar technical setup. Time to be cautious on the long side, as long we don't make new highs.

waverity

TSX:NVO seems to have completed it's wave (2) of 3 correction, has started its wave (3) of 3, the most impulsive and powerful wave. The break above the $6.4o area would invalidate the most basic bearish count and a break above $6.80 would give credit to the bullish scenario. This idea is valid as long as the key support of $3.80/$4.00 area holds.