I received a question from someone watching my videos/research. The question was, "what is the downside risk for the markets if my bullish resolution fails". So, I created this video. This explains why the downside risks appear to be less than 35% right now compared to a 65% to 75% upside price resolution. Still, using Elliot Wave, we can't be 100% confident...
As you can see here I recommend buying ym. place the srop loss and take profit as shown in the chart.
Are you following my SPY Cycle Patterns yet? If not, here is a list of the SPY Cycle Patterns for this week and beyond... 2/6/2023 2/7/2023 Inside-Breakaway 2/8/2023 Harami-Inside 2/9/2023 CRUSH 2/10/2023 GAP Potential 2/11/2023 GAP...
Are you ready for this long setup in YM and its beautiful iH&S? Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities , VIX , DXY , in weekly, daily and 4-hour timeframes. Our counts are not...
Here is a video update for my followers. This video is in support of the recent SPY updates I've shared over the past few days. Follow my research. Learn how my analysis skills can help you prepare for the biggest price swings. These are not the same markets as 2008 & 2000. Learn to adapt to price trends and become a better trader. I'm trying to teach you to...
Even though my SPY Cycle Patterns suggest today is a RALLY day, I see the SPY has extended to an upper resistance channel (near $414.80) and may pause/slide sideways/downward a bit today. I do expect support near $412.30 to act as a floor for any contraction. I would expect the SPY to hold above $412.30 and attempt to rally higher IF this price level is tagged...
Breaking above the $410 resistance level could be a very big sign that bullish price trending is building momentum. Ultimately, I don't believe the SPY has enough momentum to get above $440~450 in 2023 - but I could be wrong. I do believe we will move into a bout of sideways congestion after Q1:2023 - and slide into a period of complacency. Near the start of...
we have 3 angeel on dow and look like want go to fibo161%(nasdaq too,,have buy ) dont pick sell more ,,,for sell we need dow break RED TREND LINE buystop on high + buy above green arrow near EMA200 1hour is best action for now if you have old sells, 100% put hedge buystop on last high and never never close it (main trend is up) , break 3angel will flyup dow...
I just noticed this (should have seen it earlier). In the midst of a GLOBAL ECONOMIC COLLAPSE, the SPY fell a little over 119 points before bottoming. My interpretation of this move is that traders/investors suddenly realized the US/Global markets would continue to function - even in the midst of a global lockdown. Now, fast-forward to 2022. Hey, guess what....
Are you following my research yet? Check out my SPY Cycle Patterns and decide for yourself if my predictions are accurate: SPY Cycle Patterns for this week: 1/15/2023 GAP Potential 1/16/2023 GAP-Reversal 1/17/2023 Breakdown201 1/18/2023 POP 1/19/2023 1/20/2023 BaseRally301 1/21/2023 Break-Away 1/22/2023 Rally-111 1/23/2023 Carryover 1/24/2023 ...
Cycle from 12.13.2022 high in Dow Futures (YM) is unfolding as a zigzag Elliott Wave structure. Down from 12.13.2022 high, wave A ended at 32686. Wave B rally ended at 34487 as the 90 minutes chart below shows. Internal subdivision of wave B unfolded as a zigzag structure in lesser degree. Up from wave A, wave ((a)) ended at 33663 and dips in wave ((b)) ended at...
Pay attention. Today will likely be a large range bar - possibly with a deep low near 3920. My SPY cycle patterns call today a "Major CRUSH". That means we could see a very large price range today. Combined with other SPY Cycle patterns, I believe the ES will attempt to establish a base/bottom - retesting recent lows. As we move into 2023, be aware that cycle...
For everyone interested: Expect volatility to be king over the next few weeks (earnings and economic data). SPY reaching a major APEX in price trend. It is very likely to resolve to the upside, but that means we have to be prepared for "false breakouts". Fibonacci price trends suggest current trend is BULLISH (closing GAPS). The upper GAP may be the next target...
Price movements in Week 1 confirmed two levels for future references: 33498 and 32990. Both levels are below closing price of Week 1.
STRONGLY ADVICE DONT PICK SELL ABOVE EMA200 DAILY 32700 dow frist want touch fibo61%=34200 but in next 6 month it can go to fibo 161% near 38000 so 90% looking for buy but very low size good luck
Here we go. Starting out 2023, my SPY cycle patterns show a solid RALLY phase sets up on Wednesday/Thursday. Time to get ready for a strong reflation trade to start 2023. Possibly breaking above resistance channels and rallying to NEW ALL-TIME HIGHS. Follow my research.
Dow Jones is reaching an area of uncertainty. YM has moved into a trading range for weeks. A break through the 209 MA will signal a good opportunity for a Short move