Quietseeker

Quietseeker

Looking at the chart pattern with Fib and Elliott, 1000 seems in reach quite soon, but it is likely to consolidtate around there before further moves to the upside.

Quietseeker

The pressure is mounting but there is a realisation that the Fed can only do so much. A significant tranche of businesses are going Chapter 11 irrespective of the money thrown at them as they will never be going concerns again. We all know the sector lists under threat and the bankruptcies are building. Plus the likelyhood of a second outbreak such as that...

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For all those doom and a gloom bears that have thrived in the recent rise in gold, the charts are suggesting a top. The fibonacci pattern hitting key support levels throughout the recent rise is very supportive of this idea. What gold fanatics are not realising that there has been a huge paradigm shift in the last ten years in the understaning of quantitative...

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While it is hard to imagine the stock market boom right now, its on the cards before the US election. With massive money printing throughout the world, there is 50 Trillion dollars trying to find a home and there is only one place for that money to go and seek a meaningfull return - the US stock market. Everything else is exhausted. The S&P500 is being driven by...

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Monthly support and resistance lines show significant fall ahead with a 50% decline from 3400 to 1700 on S&P500.

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Copper prices versus USD will continue to drift lower, mainly due to USD strength and a pause in the world economy. This time next year should be see the low and after that we may see a recovery.

Quietseeker

Falling interest rates may not have a significant effect on weakening dollar strength because foreign purchase of US treasuries only make up a smallish entry in the dollar trade balance. Other stronger forces have been taking action on the dollar over the last 8 years. Growing oil production and green initiatives such as hybrid and electric vehicles and solar...

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GPBUSD and the UK has been under pressure ever since the double whammy of receding North sea oil and the 2008 banking crisis and a low interest rate world. The UK was always viewed as a safe haven to buy UK bonds and reasonable interest rates and a place to buy mining and oil stocks, now regarded as old economy items. GPBUSD has been trashed ever since to...

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Weather its stock buybacks, positive earnings, falling interest rates or an agreed hidden policy to buffer the US markets from trade war effects, the S&P ain't going nowhere but UP from here. Heading for more than a year of a sideways movement (since Oct18) demonstrates the collective the iron fist of action that is now taking place to ensure the inevitable rise...

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S&P 500 may move on a bullish breakout of the ascending triangle pattern to 3200 by March 2020 on positive earnings.

Quietseeker

Elliott Analysis shows 690 days from move 1 to 2 and exactly 690 days ends up at the next election at the top of wave 3. It is entirely possible that there will be a channel breakout above the top trendline as well creating a huge bubble for a massive wave 4 correction after the election.

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5th wave up before continuation down.

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Looks troublesome for Sterling over next few months.

Quietseeker

Looks like Gold to have a mild correction to early September

Quietseeker

200 years of data shows that the US markets move in cycles of 8, 12 and 15 years. 12 year cycles being High to High and 8 &15 L to H. Its particularly ominous that all three should point to a market top arriving in 2019, with the low perhaps smack bang in the middle of the US election. Good luck Mr Trump in explaining that away next year.

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The valuable research of others has shown stock market top patterns may repeat. On this particular pattern, the fall is predictable enough to estimate the market top and the amount of fall that can be expected. While there are other predictive methods to determine the estimated potential size of a fall, none have a clearer prediction power than this particular...

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Market tops can be confused with Bullish flags so its worth looking at the opportunity to trade, what could be a move in either direction. There is mounting evidence that this may be a market top. Weakening economic data, inverting yield curve, weakness in the MClellan Volume summation index, Put/Call ratio rising. Historically patterns may repeat...

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Daily 200MA breach, H/S neckline breached, Major trend line support breached. The next bottom reversal support may well be on the weekly 200MA.