There will be an overwhelming amount of events happening in H2'23:
- A crash in Treasuries (10Y above 10%)
- A crash in EURUSD (0.75 is waiting)
- A totally unexpected move in USDJPY to 100
- A crash in SPX below 1500
- A crash in RTS to 250..300
- A silent withdrawal of financing of Ukraine by US and EU
- Peace talks RU <> UA on Russian's terms
RTS now is young child before grow and jump of teenager
Russia have all resourses may be in world
only one country and all resourses.... big volume resourses
Against the background of the expectations of tougher sanctions together with the absence of obvious peaceful ways to resolve the problem with Russian war of aggression, plus the structural degradation of the economy and "SME" business defaults and export embargo, here it comes an understanding is coming of a probably deeper slide for RTSI. Forecasting is a...
A new minor high is due in the next couple of weeks. The Russian market will be lifted by the last bullish wave worldwide. Then the downtrend will resume.
7 months to form 1-2-1-2, means at least another 7 months to hit the low. It's not about Russia: the crash will be a worldwide affair. It will be destructive, will take its time to make the markets suffer, and...
Does this suggest War will go end?
A multi-year triangle gives us a clue.
Triangles are one of the most recognizable patterns in the Elliott Wave Principle. As with all wave patterns, they occur at every time scale and the large-degree triangles are especially interesting because they often contain a notable socionomic element.
Large-degree triangles in...
Weekly and monthly RTSI index chart are quite fascinating to study. This time was the third time it bottoms and bounces from the major top from 1997.
RTSI short term target @ 1678
Long term, headed towards new ATH.
MOEX:RTSI
MOEX:RTSI
My interpretation is that the Russian Stock market has restarted its descend to new lows. Lots of people feel relieved and optimistic today argueing that the market will continue going up despite geopolitics. I looked at the recent advance (propelled by abrupt ruble strengthening) as a bounce. As technically the count has not been completed and there was no...
A closer view of the Russian Market. The triangle is notional and can turn out to be a wxy combination. However, since there was no triangle spotted on the way down so far there is a fair chance we will have it here near the bottom. Given the bigger picture posted previously the chance to load Russian stocks will come somewhere in May or maybe later during the summer.
The Russian market picture is getting clearer with the latest abrupt decline. There is a chance that in the coming years we will see 400%+ growth. As to from when exactly and what stocks to buy - I will cover separately. Stay in touch.
Suffice to say that in an expanding triangle we could expect wave e to travel beyond the a-c-e trendline, hence the sell-off is...
