This chart illustrates the relationship between the BLS US Unemployment Rate (UR) including the RSI for the UR, plotted against the SP500 (SPX) and the Fed Funds Rate (FFR). The data illustrates the idea that the FFR pushes the UR upward, and when the RSI for the UR trends up and crosses 50, the UR then surges upward rapidly (relatively speaking), resulting in a...
VET has reached the end of a symmetric triangle. Look for it to push through 0.225 on the upside and head towards 0.25. On the downside, we could fall through 0.188 and have buying opportunities between 0.188 to 0.166. A move one way or the other should be imminent! Good luck to all! -CFT
COINBASE:BNTUSD Attempting to locate the next buy zone for BNT using Elliott Wave Theory. If we take the recent top as the end of wave 5, then the corrective waves (ABC) would put us in the $4 - $5 range at the end of March for a buy zone. Would appreciate any thoughts on my application of EWT to the chart! All comments welcome! Thanks!