SP 500 STILL ON TARGET 3948 4050 WAVE 5 PEAK FEB 9 I am st a 75 % net long from last weeks post .AND HAVE REMAINED NET LONG Long call in CAT DE SPY AND NOW IYT DOW TRANS ONLY AS WELL AS NET LONG US$ still from 89.50 to 89.75 as Well has net long inTLT 158.50 and added at 151.50 I also caught the low in BITCOIN AT 29500 i HAVE SOLD THAT OUT AT 36000. I will post details weekly wave count this weekend in all markets a new world wide event is very near
Wave
DJI future is working towards an ABC bounce.The US futures join the morning rally from Europe with the Dow Jones bouncing back from a larger correction (WXY).
We are looking at an ABC wave up that could turn into a 5 wave if momentum stays strong. I favour this because the larger degree trend is still bullish.
WAVES/USDT New Bullish WaveWAVES has seen some crazy gains this year, coming from a value of $0.25.
In the last two days volume has picked up significantly, sending the price upward. Currently, the first resistance to beat would be the R1 line, placed at the ATH around $9. If that one is take out with sufficient force, expect the price to shoot up till $10, R2.
In case we will see another wave, like we have seen two times already this year, we might even see the price hit $15. Although that's something for further in the future.
Happy trading!