RBS2024

RBS2024

Ignoring all of the various possible EW paths and harmonic patterns, and simply applying possible trendlines here.... From the looks of it, there is a wedge that ES overshot, and now it is working to get back into it for a more manageable trajectory upward

RBS2024

I see 2 possibilities in the near term here....

RBS2024

Mapping out a long term EW count possibility presented a VERY interesting possibility. This pullback could be completed around the 3730 to 3715 area with strong daily support in that region PLUS, based on the long term measured path starting from 2016 which would place the Cycle Wave 3 target at 4891. What is almost unbelievable, is that a pullback to the above...

RBS2024

SPX has a number of small gaps.... gaps are eventually filled in MOST cases.... this is one possible path to filling them.... NOT PRETTY if it goes down this path

RBS2024

Looks like ES is finishing up an ABCDE correction pattern to the downside. Simple measurement methods make 3730 the target

RBS2024

ES - multiple possible paths for today into next week that I see... these are presented in no particular order as any one of them is possible.... 1) continue the downside from the overnight consolidation and hit the primary target of 3780, which is the large ABC (or A=C) - fib level not shown because it was getting too busy. 2) use the possible W pattern to push...

RBS2024

With Friday's breakout from the wedge, ES looks to be on track for a near term high of 3065, followed by a w2 pullback to backtest the wedge. From there, it should set up a large W3 upside move as displayed in the chart. Let's see if it works out this way.

RBS2024

NQ may simply be running a descending wedge to fill the gap left in the futures from a mid-december sunday night gap up. while fib based models suggest a lower target at 12189, the gap fill target would be the conservative target for any shorts

RBS2024

NQ hit a significant fib level on the current daily W pattern where a pullback typically takes place if that level can't get a close above it (which it did not). At this point, I believe NQ will at least traverse down to the 12189 area (T1 of a harmonic pattern & just below a gap that still exists in the futures trading when looking at a smaller timeframe chart. ...

RBS2024

Similar to ES, NQ is well above its monthly regression channel. Therefore, while on a smaller timeframe basis we may find NQ making a new high, it very much appears to me that we need to be prepared for a larger pullback for regression to the mean.

RBS2024

Very simple analysis here.... in looking at ES on a monthly timeframe, it is clearly above a long term regression channel. So, while in the near term on a smaller timeframe, ES may succeed in making new highs, we need to be cognizant of reality that price always regresses to the mean....

RBS2024

Litecoin is breaking out of a smaller timeframe pennant and is looking to squeeze up out of a 2hr squeeze. This weekly chart, shows the bigger picture. Solid SWING target on the W of 162.09 false breakout.

RBS2024

Daily Keltner Bands (yellow) about to pop outside of the Bollinger Band (purple) with a Daily Hammer looking likely.....

RBS2024

Looks to me that AAPL will continue to be choppy with a possible downside target at the 109 area to complete an "M", and then a "W" build from there as it continues to traverse the overall 4hr regression channel

RBS2024

NQ - the smaller W (blue fibs) within the larger W (red fibs), suggests pullback to perhaps 12030 before a move up to the 12257 to 12291 area

RBS2024

TMO has confirmed a low for the A pivot of a potential Bearish Gartley with a bullish engulfing daily candle on Wednesday. Look for a small pullback for ideal entry long. Long target on this move would be a 382 to 50 retrace of the down move. Take profits in that area and then wait for the pullback for the C pivot build. Once the C pivot has been confirmed, a...