Seems about right. Timing could be off substantially but more confident in the price action.
In general the markets seem bearish, but maybe not ???? noticed this almost perfect Gartley pattern on MSFT.... Lets see how this plays out
Eyeing how I suspect the market will be going up until MAY. Do your own do diligence, and have rules and stick to them.
Monday morning will likely be lower, after that we really are at a crossroads. I "hope" it goes up (at leased on more high) but we don't trade on "Hope". Don't trade too much keep a light foot-print and be patient until the market reveals itself.
IMHO we still have a good chance to reach 50,000 before the downward trend continues. If I am wrong the Cyan path may be the way to Go
Do your own due diligence. Rally might start start as soon as Thursday afternoon, but likely Friday and through to Monday ... IF this is the correct count :)
Welcome back volatility. Market Wales are very good at extracting extra retail $$$$. Please Be careful and learn about who you are playing against. Do you think the wales (who want your $$ ) don't know what the market seasons are ? The FED wants you get back into the labor market, so wages will go down. :)
Please do your own do diligence, and trade your plan. The structure is still too early in its initial phase to be confirm yet.
Initiated a trade on Sunday (See previous posts), Now I am "Risk Free", meaning if trade gets stopped out I am even and, management of this trade is now minimal, The whole weekend it all been about the 3465, If this is found to be resistance price may lower nicely
Possible small short opening position forming..., but be careful, do your own do diligence. Set up is Speculative because the market has admittedly behaving VERY Bullishly and IF you ae an eternal BULL this could also be a buying opportunity after the pullback pattern resolves itself lower
So far ASX has been a good bullish indicator, providing the confidence to hold long positions in stock. However spotted this possible harmonic reversal to consider. Trade your own plan do your own due diligence.
This Elliott count has been working out well for the past weeks, lets see it it continues
There is a strong RSI divergence building on almost ALL time frames. Market is at a key level and could turn down lower next week. This expected pullback may be simply a wave 4 , and after a 3 wave correction/pullback the market will rally higher to new ATH..., BUT IF support is not found (i.e. top of the second corrective wave is not breached) the market could...
This chart is a zoomed out version of my previous post. If I am wrong, the expected pullback may only retrace the around 4435-ish level) and then move up to ATH. However if price overlaps the previous wave top at level 4420 that overlap may be the first signal the market is weak and may not find support and move lower. So look for a 3 wave correction and...
DJI indicting its in a bearish a-b-c- correction higher. Adjusted this count to be similar. Dovetails with FED goal to inject as much Volatility into the market as possible, increasing LABOR supply and reducing wages (the only mechanism the FED has left to reduce inflation ) Accept for a Recession which now can conveniently be blamed on Putin, with a US/...
With the ascending structure on the VIX retesting the daily Trendline. The VIX is at a critical technical point. Lower then the RED O it will cause a cascading reaction driving the VIX lower. Higher than the RED X, the VIX will be forced higher.
See the chart for the next TARGET, and trade your plan.
See the chart. Very strong move lower today. Wait for price conformation.