I don't like the banks for the upcoming months. BAC was doing alright all these months but once it broke the previous cycle low , and clearly violated support it shows us that the positive force that was all this time pushing it up has now end and a new negative force will probably make it fall into the summer. The early cycle low violation of the cycle is a...
Sucks it cost me 2k on the put spread I had bought My minor cycles were totally off The correct minor cycles exactly were predicting the move today and show it exactly as it happens now. Big move to come though at mi/late June We might get a higher high at this point due to previous all time high but then retrace back to 23-28% fib and then rally again...
I don't like the pattern at all in RSX . In a period where it supposed to be rising RSX broke the cycle low. Likely , the decline will steepen into late August , Early Sep where we will potentially see by then a deficient rally and then a correction again going into next year. Overall I don't like at all and I believe this cycle is in the early stages of a L-H...
Dow Transports did rally into the 0.50% fib. The nature of the decline that is coming will be crucial . If the Transports do not manage the following week to keep above the red VTL line and even worse they broke the cycle low at 10039 , then the decline will be steeper . It all has to do with the correction that is coming. If the correction is minor we would...
Same like the chart I posted before I would have put the projection of lowered prices in /PA the next couple of months Resistance holding so far at the 0.50% fib level. The cycle low violation and the newly formed expected negatively configured cycle (and possible L-H translation) indicates that we will see a lower low than 890's in the coming future .
/PA is in a bad shape at this point. We had VTL Break , cycle low violation making lower lows and all it has achieved so far in this rally phase is rally sending it backs to the 38.2-50% fibs resistance levels. We are creating a left-hand translation in this cycle , and it all projects to lower lows into July/August period. It could potentially be forming a...
LULU so far has an immensely strong patter making new highs , however it's entering a corrective phase that we have to wait to see what it brings. In a about a month from now LULU announces earnings so we definitely have to wait and see for that as well. If LULU keeps strong and doesnt manage to break any significant supports like VTLs or cycle lows , and does...
Based on what i see in /HG copper futures , we have entered a corrective period going into July/August period. We are in a crucial spot. If we break 2.9 to the downside then we officially break the cycle low and entering a negative phase. If this corrective period manages to stay above that 2.9 then the cycle is still positively configured and we may expect...
Based on my analysis , I notice that WDAY has right now entered a corrective phase which could potentially take it to the area of 109-111 by the end of May , beginning of June. I post here only the weekly cycles , but the daily cycles also show a correction and negative momentum as well . All the rallies should be sold on the stock in my opinion .
We are not very excited about Cotton so far . Unless it manages to break the 87 level , we still think it will be in a consolidation mode till mid/late January of 2019. The cycles are positively configured , and there is a positive momentum with higher highs and lows but nothing to write home about. We will be watching this market closely for any breaks of the 87...
Sugar does look is about to bottom in about 1-2 weeks from now , however we do not expect it to rise before the previous cycle highs at 14.60ish Most probable thing is it will correct below these levels , and start correcting again. We do not see a significant rally in the near future .
I don't like the index at all I think the 29130 is crucial at this point. A break of that level and then the decline will be accelerated to downside. So far it can't even clear the 38.2% fib resistance from the highs. Very weak and we have a clear break of the VTL . Yea my point is that I don't like it at all.
What we see in the 10-year yields is that the most probabilistic thing right here is to correct to the 38-50% fibs before starting the new rally phase which will make the new highs. Even though it has many cycles pushing down the pattern is so positively configured that it will very soon start rising again once that correction is over. That inversely means that...
I believe BTCUSD is about to bottom in the next 1-2 weeks before starting the new rallying phase. This rallying phase will be crucial . Since the previous dominant cycle is positively configured we would normally expect bitcoin to hit new highs by August. However if the rally that comes is deficient bitcoin will be in trouble and we will be looking for resistance...
My thinking on BIIB is the following : WIth the earnings coming up next week we might see a 1-2 week rally max ( which will bring it to the sell zone 275-285 range) where it is then shortable for a downward move projecting into mid June which could easily hit 210-220 range.
My analysis shows that SQ is about to bottom in 2 weeks from now (around end of April , Beginning of May ) before starting a new rally phase which in my opinion will create the right shoulder of the pattern to create a head and shoulders formation with a measurement around 35-36 $. I am expecting the rally phase in early May to not exceed the highs at $50.42 and...
XLE (energy sector ETF) has been consolidating sideways for a couple of weeks now. It is showing signs that it's getting ready for its next leg higher . Minimum target for me would be 71-72 the next month or so. I did buy today the 66 calls expiring in nov series (monthly series).
Cocoa is building a base since March of this year. Eventually it looks like it wants to get it on and move to higher levels. The price projection symmetry on the monthly provided good enough support and we see signs that this base is finally over and the next leg higher has already started. Based solely on technicals , COCOA has a minimum 100-200 upside from...