yuchaosng

yuchaosng

Following my previous short call on SPX (SPX Short: Seeking Peak) where I gave a lengthy explanation of the technicals and gave a peak target, this idea is telling you that the peak is reached and now is a fabulous opportunity to enter the market. The stop is above the high made today. Do take note that I’ve changed the Fibonacci extension level such that wave 5...

yuchaosng

The new high has forced me to recount the last wave and forced me to bring back the original count where I had expected another wave in the early days of October. This has definitely dragged on for too long. Now, let me first say this: there is an alternate count that I am holding that has a scary price target just slightly more than 6000 for SPX. So if I am...

yuchaosng

Similar to NASDAQ and SPX, Nikkei is also bound to move down in a wave 3. What I want to see is the breaking of the trendlines and then a move down to each of the support cleanly without reservation. If I'm wrong, set the top above the recent high as I've placed on the chart.

yuchaosng

This idea is based on what I believed to be the completion of minute wave 2. I am expecting that we will go into minute wave 3, which is really the beginning of a primary wave 3 count (at much higher degree). I've given 4 targets over here. Let's continue to monitor this and see how the wave unfolds. If I'm wrong, the stop loss is above the recent high as I've...

yuchaosng

This is a call for Bonds yields to stop rising and to start falling. What this means is that treasuries will go up. I expect this fall in yield to be strong and accompanied by a fall in stock market. Stop is shown on the chart. This is a rather aggressive stop.

yuchaosng

As a follow up to my DXY short call, I am presenting you with USDJPY. Similarly, I think it has completed wave 2 and will be starting wave 3. What this means is that JPY will be strengthening very seriously. It could also mean that Nikkei is going to fall into a serious bear market.

yuchaosng

From my previous idea that precisely called the turning point and nature of how DXY will move up, I am now calling for DXY to fall. The reason is because: 1) Completion of 3-wave structure, 2) Big picture wise, we are still on a down trend, 3) RSI-Price divergence. Stop above recent high.

yuchaosng

I didn't have the time to do the bigger analysis. But on the short term, I think DXY may have hit a resistance. Will follow up later .

yuchaosng

I have mentioned before that 22,788 is somehow an important price point for Hang Seng in my previous analysis of this index (not in tradingview, see check my profile for other source). Re-iterating: 1. it is the support and resistance for many points historically. 2. it is around the Fibonacci extension level of 2 separate wave extensions (see purple and green...

yuchaosng

Hi, this is just an update or the wave counts. Please keep your risk tight. Conflict in Middle East and US election may cause unexpected volatility.

yuchaosng

Should be seeing a wave 3 of a wave 3 tonight. Please see my previous linked idea also.

yuchaosng

From my previous analysis on gold breakout and recent call for DXY strengthening, and also based on the updated EW counts shown here, I believe that Gold will not be making new highs for a while yet. It is time to take a break after a strong wave 3.

yuchaosng

In this analysis, I had replotted my counts and 5th wave is now a truncated 5th and then we have wave 1 of 1, wave 1 of 3, and now we have completed wave 2 of 3. If I am right, we should be going into wave 3 of 3. The stop for this idea will be above the peak of wave Y, around 66510. Good luck!

yuchaosng

Based on my Elliot Wave analysis, I believe that S&P500 is right now in an expanding ending diagonal that still has one more 3-wave to go and we should see the peak reached on 1st Oct 2024, at the opening of Tuesday session. A couple of questions that is on my mind: 1. Will we see a throwover or a truncation? 2. Is the wave count correct? What if it has already...

yuchaosng

This is to correct my previous post regarding activating a bullish count. The fact that we finally have a major sell-down is enough for me to turn back bearish and back to my thesis that stock market will collapse, bond yields will fall, Fed will cut i/r before the election, and Democrats will lose the election. This idea is based on: 1. SPY completing 5...

yuchaosng

I have been keeping this count and avoiding activating this count because of my bias. But recent events and how the market has been moving has forced my hand. I am showing this count on a weekly basis because there are issues with wave counting rules that shows up on the daily timeframe. Over here, what you see is that the 5th Aug fall is now a wave 4 on the...

yuchaosng

In this analysis, take note of the following: 1. I have plotted a completed 5-wave structure for DXY 2. The fifth wave is an "ending diagonal" in red lines. What I suspect is that Dollar will bounce up strongly and that will be the result of stock market falling.

yuchaosng

This call is based on what I observed to be the completion of 2 corrective A-B-Cs (in green) with the 2nd C wave as an ending diagonal. Take note that there is a minor trendline (in green) that is also broken. The stop for this idea is around 250HKD and the first TP is at 203HKD.