We are now entering an area of HIGH RISK 180 to 193 I would stand aside as the blowoff in this stock is rather clear in formation
The chart posted is what I see forming within the correction phase . as you can see the Dia and Iwm are showing some real sights of weakest the game of musical chairs one by one drop off So far best of trades Wavetimer
The chart is that of BA we can now confirm a 5 wave decline and it has a perfect fib relationship into the low print I have now taken a position in Long Calls for jan 2025 at the money Risk is small with a stop of 3 %
The chart posted is in a well defined channel that is parallel we are now retesting it . if we were to Break it . that would be BAD thing . But if we break it and close back above that that would be a GOOD thing .We had the Vix cycle peak come in within 1.5 days of the 4/15/4/17 and we are setting up for Moves in Both directions . Trade it this way
So the chart posted is that of the spx cash , We peaked right into the min fib target of 5088 and we have now dropped in what is so far a 3 wave drop ?? if we hold this would be labeled a wave B low and we would see a move above 5088 likely target is 5109 in a abc flat. See p/c model calling for another sharp up move . Best of trades WAVETIMER
The chart posted is that of the spy in which I posted back in March I have NOT changed the labeling as it was correct .We are at the end of wave A down and should see a rather sharp ABC rally back up to a min of 5150 and then a pullback followed by the last wave up I do think it can reach as high as 5330 this is the alt to my 5261. We are now one of the...
the chart posted is that of the spy it is nearing the end on the first leg down in a wave A and is taking the form of an abc decline into spiral f9 and a high due in the vix cycle 4/15/4/17 put calls have decline well into the cycle and now over bought conditions have as well . I look for a rally to at a min .382 up best of trades Wavetimer
Bonds are ready for a nice Short term rally be long TLT and do NOT be short stocks
We have now ended the correction in bitcoin based on the 3 wave decline and into .382 . waves A x 1.618 to = Wave C was met into the lows . I now will take another new Long in Bitcoin and must place a stop at the point of recognition 58880 in wave 3 . This should lead to the I.T. top of a much bigger decline after we clear the fib relationship at 73600 see...
The chart is that of the DIA .This chart was telling me that the market was set for the decline right into the VIX cycle PEAK due 4/15/4/17 I have now moved to a bullish view that the first leg down is ending NOW and that Both wave count point to a rally to start from today and I have moved back into a 50 % net long CALLS next cycle turn is may 6th
the chart posted was an easy trade this morning with so many long puts trapped at the low the calls were a free $ day 21 % gain in my calls look now for a pull back in aapl to buy long next week I have a cycle peak in VIX best of trades WAVETIMER
The chart posted is MCD I now see a nice ABC decline into .618 And wave A down x 1.618 to equal wave C is within 1 I would be Only buying Calls for JAN 2025 and I would look at at or just in the Money to trade this Time is your friend if you buy at or in the money . Best of trades WAVETIMER
The wave structure in oil is a complex formation within a Triangle pattern . The high of 86.2 came within 50 Cents of perfect MATH the last up leg to 95.1 from 63.7 was near perfect .618 of the last leg up and is my trendline .I AM NOW RATHER BEARISH OIL trade out of OIL or in PUTS now stop is rather simple 88.7 Best trades WAVETIMER
Gold chart posted has a rather clear elliot wave formation in my work and cycles are in a major peak stage due 3/11 plus or minus 2.5 days look a final 5 of 5 above 2200 then it will begin a sharp decline into 4/2
Bitcoin cycles have just come into it low we should now be set to see a last major upthrust in wave 5 . This is NOT my top wave count But I must post it now as we have had 3 waves within the triangle and there are fib relationships two of which are .786 So I am giving the be long bitcoin signal again 11 of 13 long trades all 11 have made money
The chart posted is that of my Put/Call model today is the second time we saw this happen in 2024 the last time was JAN /!7 th Low. . Risk now is being SHORT or in PUTS . Next turn date is 4/8/2024 best of trades WAVETIMER !
QQQ chart posted so far we have dropped in a 3 wave decline and to .667 pullback NOT what I like to see but still it is 3 waves down This should market wave B down within the 5th wave diagonal . This should lead to a rather weak rally to just edge out the high at 449.48 and could see 451/452 still But I will not be long calls in QQQ for now . But I have moved...
The chart posted is the IWM since the late oct 2023 low at that time my work and models calle for a 5 wave rally in wave C up since that low we have had more and more talking of an UPSIDE MELTUP and that the place to be loading up long is the IWM with some many talking a gain of 50% and to see 300 . Well I can tell you that has a 2 % chance . We are fast...