wolffarchitecture

wolffarchitecture

As I have mentioned before things "look" bullish and they are at leased until February option expiry. I still sense the market will eventually retest of 4,000 at which point the market can sink to new lows or complete a nesting wave 2 and move higher

wolffarchitecture

I am seeing a post FOMC drop to the lower diagonal trendline (@ 3950-sish), followed by a lazy recovery targeting a new high of the 4,175-4,200 ish areas (finally completing ending diagonal Wave C) Expecting this new top to coincide with the FEB 18th options expiry. THEN after expiry I'm looking for a larger pullback retesting of the 3.650-ish areas

wolffarchitecture

Looks like Yen has reached a Pivot (bottom) and so to does the EURUSD pair. (or are oh so close if your long on EUR or YEN some profit taking may be advised). So we are expecting a WAVE-2 correction within a longer term bullish impulse. I would expect moving forward NOW on GOOD news, "is good news" and BAD news "is bad news".

wolffarchitecture

Gold nearing a top, Its been a nice ride so far, and it could still push higher, but My personal trading plan calls for Profit Taking in the 1880-ish area. Will look for short set-ups at lower time frames after Golds overly exuberant parabolic spike tops out.

wolffarchitecture Updated 

IMHO, the MOST important chart out there right now. This could be an entire game changer.

wolffarchitecture Updated 

I have to admit GAS could continue to dump OR ?. There seems to be a curious possible setup here exactly at the .618 FIB (4.5) .... NOT for the faint hearted. This is based solely on wave pattern and experience there is absolutely NO fundamental analysis involved, so do your own due dill

wolffarchitecture

I generally trade stock and not the indices. BUT I produce a SPX personal trading plan such as this most weekends . Thought I would share it, but SO much of the potential success of a chart such as this depends on my personal character, rules and accumulated strategies (to many to explain here) I'm not sure how useful it is to anyone else. Because I am lazy I...

wolffarchitecture

This harmonic surprised me. IF its true and as expected the retest of 130 (OLD LOW) fails to turn into support, I will be looking for short setups. Not sure how high/long the current retest will last.

wolffarchitecture Updated 

Just a simple count. Have no particular bias for the market in general.

wolffarchitecture Updated 

Last update, Taking my long holiday break. Ending diagonal to complete 5th wave of C-wave. then expect correction with more upside. Ending diagonals can be tricky and this was no exception.

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Seems like aa valid idea. If you trade this pattern.

wolffarchitecture Updated 

So far the DXY105 level has been breached as well as the SPX 4,000. BOTH market are at critical price structures and levels. IN the comming days I will be monitoring very carefully and considering how to allocate capital. (i.e. Will not be publishing charts) In both MARKETS ( DXY & SPX ) I expect a retest of these levels. BUT how this retest happens (or it is...

wolffarchitecture Updated 

Keeping it Simple and keeping it real. IF you understand "Levels", ITS all been about level 4,000 and it proving to be a bit more sticky than thought. At this point Elliott counters might be advised to wait and allow the market provide more information before committing large amounts of capital. In the meantime I have settled on the this count which I think is ...

wolffarchitecture Updated 

Impulse lower nearing an end, expecting at least a B wave up correction soon.

wolffarchitecture Updated 

Take it or leave it. I am nether bullish nor bearish is all depends on your time frame.

wolffarchitecture Updated 

Midterm count. Seems close to a top. This could be the completion of the first A-wave of a larger correction (down for a B then back up higher for a C) or we could head for a new low...not enough evidence yet. there should be 1-more small wave up, but I don't trade the "last" wave (sometimes it doesn't happen)

wolffarchitecture Updated 

Considering taking profit on SLV, approaching a major supply zone and who knows Silver could react strongly lower. If on the other hand silver continues higher it believe I will get a second long entry at the retest. Monitoring dollars (DXY) reaction to 105... which is critical

wolffarchitecture Updated 

Yellow is the main count but always aware of the Cyan Alternative. Basically the chart says it all, I'm just filling in space here so that it is published.