FibonacciDiPisa

FibonacciDiPisa

I have been looking into soybean oil futures and agriculture in general as a shirt away from equities. I noticed something interesting (and you will probably call me crazy), but it seems soybean oil can sometimes be an indicator of what is to come on the S&P and markets in general. Perhaps the effects hit it faster or perhaps soybean oil can tell the future, but I...

FibonacciDiPisa

Be careful of this final pump and dump! Seems too much up to be real...

FibonacciDiPisa

Potentially a down retrace here. A lot of push down and up today with many Dojis; feeling like a change of direction to the downward side. The push up feels like retail-energy as opposed to the usual money-printing fuel. Also gold is staying strong, bitcoin is staying strong, and VIX is rising slowly but surely. If not today, sideways and overall down through...

FibonacciDiPisa

I think because we missed the "Down One" of the "Up Two, Down One" cycle, we go back to that 3590 range until the December 14th FED announcement where they pull some other type of antics. If you have no idea what I am talking about, here is my previous post:

FibonacciDiPisa Updated 

We could go either way today at open. Thinking that we will see a big push up after futures being so flat and down. People need to recoup their potential losses from the downward movement. I would expect any bounce to hit a ceiling that will retain the overall downward trend. Gold has shot down along with VIX so, again, my best guess is a heavy up. I am not sure...

FibonacciDiPisa

Anticipating drop to about 3642 area, then potentially to 3620. Government bot manipulation might start to kick in at that point but we will see. I think we are sideways and down until mid December when the FED will have to announce their plans to do something else detrimental to the economy.

FibonacciDiPisa Updated 

Prices have gone up and down in 7-day chunks staying flat in those periods. We didn't have a proper down which broke the cycle; I would anticipate a potential correction of our current status to the final empty box shown and then relatively flat thereafter. Vaccine news is getting to be old news. The harsh reality of it not solving this economic hit will be akin...

FibonacciDiPisa Updated 

Whether you believe in it or not, one cannot deny that directional changes quite often happen on the full moon. Since we are on the brink of a meltdown/correction, and the full moon is upon is once again, I would imagine that if we do in fact reverse direction, it would right about now.

FibonacciDiPisa Updated 

Targeting down 3666, maybe lower, but I thought that sounded kind of nice...and when I say nice I mean evil.

FibonacciDiPisa

VIX is spiking; is this finally the downturn??

FibonacciDiPisa Updated 

This upward madness sure feels a lot like the last days of the upward madness earlier this year. I don't know about a crash like COVID, but it does seems like sideways to downward movement would continue to December 15th when I would guess the FED will have some other crazy plan to boost prices for the Christmas season. One day they will use this as a case study...

FibonacciDiPisa Updated 

Nothing a bear loves more than messing with an Elliot Wave 3...

FibonacciDiPisa

For your consideration. Not clear on direction, but one can see where potential support and resistance points will be. I love these FIB fans; amazing how true they become, especially the farther out in time you go.

FibonacciDiPisa

It is anyone's guess with volatility, but with options starting to run out for the government, the complacency of the market, COVID cases spiking, and bear season kicking in, the potential for another VIX spike seems pretty good. Cyclically, it is feeling very much like we are due for it. The market being forced into sideways instead of straight down makes me a...

FibonacciDiPisa

With the market stalling and the dump of gold seemingly nearing an end, it may be time to consider getting on the train for the next pump through to the new year. Potential for some more downside as the insanity of market pumping still fizzles, but seems to be nearing a good entry point for this metal.

FibonacciDiPisa

This represents whatI envision the short term today. Open down into 3609 range, then back to the moon trajectory like before. Probably choppy in between and potentially a nasty bear ceiling hit after that, but there is still a fair amount of support in upward direction. That being said, this feels like the end of a EW wave 3 and/or 5, which would fall in line with...

FibonacciDiPisa

Final Thanksgiving thoughts: feel a drop coming. Is it going to be the big one everyone has been talking about? Perhaps, though it may just be a small correction into sideways movement like it has been. Things felt very weird today and very bearish, but there was little to no volume trading. It does seems like a bear wedge forming and I saw some cypher patterns,...

FibonacciDiPisa

SPY bid volume on the top is out of control...check this out: ibb.co