FibonacciDiPisa

FibonacciDiPisa

Don't get too excited yet; maybe short term ups, but overall down trend into January for gold IMO. Still headed towards that 1700 area overall through next year, be careful buying in too soon here.

FibonacciDiPisa Updated 

Depending on the market's reaction to the FED talk, we could see a head fake in either direction, but my guess is that overall we will likely end up in the same place which is flat. That being said, we might have a catalyst for an early Christmas where we take off to the moon, but I am guessing that would be for next week. Trading has essentially stopped until...

FibonacciDiPisa

Don't hold me to it, just something I came up with because I like 3's and 7's. Trying to be as realistic as possible and we all know there is a proper pump before a proper dump. What better excuse to do that is there thank the holidays? Hope you enjoy.

FibonacciDiPisa Updated 

Expecting dump-a-tron 5000 at after hours closing (5pm PST). More sideways antics ahead; people have to hold the fort for Friday to make their calls.

FibonacciDiPisa

My thoughts for the ramp to Christmas and the subsequent cool off period after. Just thoughts, still thinking January will be flat to down, but it would not surprise me if we take off into outer space again. Maybe this time we can hit 5000, right? Also, prediction for 12-31-21...exactly where we are now. High volatility of ups and downs all year just to end...

FibonacciDiPisa Updated 

I wanted to do a rough outline of those things might play out for the mini. I just don't see the crash everyone is expecting. If history repeats itself as seen by the first set of rectangles and their subsequent counterparts to the right, it would mean one last push up before the larger correction starting end of December and through January. Tomorrow we have the...

FibonacciDiPisa Updated 

Appearing like we are hitting down trend on Dow futures. My targets are as follows: Monday (12-14-20): 29830 Tuesday (12-15-20): 29770 Wednesday (12-16-20): 29718 Thursday (12-17-20): 29670 Friday (12-18-20): 29646 This down to sidewards trend is likely the scenario across markets for at least the near foreseeable future IMO. Prepare accordingly : )

FibonacciDiPisa

Don't get too bullish on ES yet I would warn. Remember where we came from and that infamous top trend line heading downward. There will be lots of resistance there and I still anticipate us ending the day (the hourly day, not necessarily the market day) at 3649. That is, if we can get beyond the first fib retrace, but something tells me we will push up until we...

FibonacciDiPisa Updated 

My best guesses for ramp up to Christmas based on current conditions, seasonality, trend. Overall shortish, but lots of room to whipsaw and scalp. Hope it is helpful to everyone.

FibonacciDiPisa Updated 

Head and shoulders ringing true as forecasted in my previous post. You got gold for Christmas! Unfortunately it will only be worth 1830 range. Looking ahead, plan on it being worth somewhere in the neighborhood of 1700 next Christmas...sorry!

FibonacciDiPisa

Do we go above 30 on VIX? Seems pretty likely going into next year based on the way it is changing and the cycles of the market. My best guess is that it will be in the first quarter of next year, maybe even in January.

FibonacciDiPisa Updated 

Sorry if it looks phallic, but seeing a two-headed beast on PD, buyers beware.

FibonacciDiPisa Updated 

Seeing two options on direction at around 3658.75 There is the usual hidden bid volume at this point so let that be a warning of when to exit. If bulls are able to blast through that, which seems doubtful, we could be headed for a 6375 ending. If not, there could be another sell off at that point for the bears. Because it is Ponzi Friday with lots of money...

FibonacciDiPisa

A few options, all of them bounces, just a question of when and where...or perhaps bears prevail and we head lower, but I think too much support for that to happen today. You be the judge...

FibonacciDiPisa

As with viewing charts in bars with longer timeframes, increased volume make forecasting much easier. As volume increases, the psychology of the herd rings more and more true. Similarly, the more of the "big picture" you get with bars of longer intervals, one can see how Elliot Wave theory and similar wave studies or other indicators become more and more...

FibonacciDiPisa

Looks like another small ES head and shoulders forming. Would look for a bounce off the FIB and then sky rocket to close where there might be some resistance to flat. Expecting some down Monday but then overall bullish to Christmas time.

FibonacciDiPisa Updated 

It looks like there is a potential head and shoulder formation for gold ; this would fall in line with the pull back to 1820-1830, yup to 1850, then down to 1760-1780 range as expected with upward thrust thereafter. Anyone have thoughts on this?

FibonacciDiPisa Updated 

Sorry I am on a head and shoulders kick today but find it interesting all of them forming on VIX and ES. Anyways, hope you enjoy as much as I do.