WDAY topped on the short-term trend, but it is bouncing off of weaker support from money highs in 2018. WDAY remains at risk for more downside slip slide action, until it enters the Platform candlestick pattern formation from 2018. That support level offers stronger support due to a prior Dark Pool Buy Zone™ with minimal accumulation.
Continuing the short bias from the previous double top/bearish bat combo, we've just come back into neckline supply zone and formed a bearish cypher pattern.
We are short again here.
The rally from dec 2018 to may 2019 has been a wave X OR WAVE 1 .I have stated this since may 2018 .I see the market in a final 5 wave based on the 4 year cycle which came in late in dec 2018 and not my oct 10 to 20 low date 2018 similar to the 1998 and 1962 charts .I SEE THE MARKET IN A DIAGONAL WAVE STRUCTURE AND WE ARE AT THE END OF WAVE C OF 3 NOW...
EDU
Today is coming down to price of $108 area where it was the top resistance back in July and Aug. Watch closely if go back down to the previous range or stay above $108.
Just outlining a possible set of zones for the S&P500 to pull back towards (Marked in Green)
FOMC
UK General Election + Brexit
December 15th China/US trade Tariffs
ECB - Christine Lagarde's 1st proper meeting
There are a few key risk events this week, so a pullback is more likely than not.
Overall - the US fiscal flows are positive and larger each...
Elliot wave analysis top of 5th wave of 5th wave. Bearish pin bar adds to confirmation. Cycle lines added to project correction over next 10 years. Have fun:)
Looking at the resistance levels for Apple, this stock looks like it could pretty easily take a nice dip to the $243 - $219 level. Let's see what happens
Now, generally, I think giga-shorting indices as they push all-time-highs every single day is a bad idea.
Trends shall remain irrational longer than you can remain solvent, the Federal Reserve is incessantly printing away your purchasing power which means there's more money to pump your stonks, and trends, namely the centuries-long bull trend, have been so...
IDXX stepped down after reaching a new all time high. The stock is under moderately heavy Dark Pool Quiet Rotation™ at this time. The bottom red line indicates the top completion level support.
