FuturesIntelTM

FuturesIntelTM Updated 

06.22.24 The size and structure of the waves in the decline so far lead me to believe that we can NOT defeat the large blue 5th wave (that lead us to the highs) in this set of waves down... that we will need a break of structure to the upside (or a new high) before that will be possible. But since we have no break of structure back to the upside, it does look...

FuturesIntelTM Updated 

XLF normally moves quite slowly, but we may may be at a moment in which that accelerates substantially, even improving on what has been a phenomenal year. Weekly - Daily - The EW path drawn is what may be expected most commonly - we're looking for that or better.

FuturesIntelTM Updated 

The fibs and structure seem to be aligned and complete... I think the wave down is complete, and we should see ABC or a 1-2 up... once that structure develops we can start to project the movement.

FuturesIntelTM Updated 

It looks like we have an impulsive count to the downside for a C or 5th wave. I'm looking for the Green 5th wave to extend to the deeper fibonacci target of 278% after a decent 4th wave bounce... but first it needs to complete blue 345 to the downside. Deeper Targets possible - will update the idea as it progresses.

FuturesIntelTM Updated 

I find the position of Bonds very precarious going into this week. I've heard it said that Bonds are are in total "hands off" mode or "anything but bonds" is said right now. Nobody wants them... and if they fall fast it could literally cause a "Bond Crisis." So this is going to be an important watch. In the shortest time frame I see a potential Leading...

FuturesIntelTM

Today's closing downturn broke 78.6% of the rally on the way to the low, which indicates to me a significant probability of a move lower. The count as I've diagrammed is the most likely IMO... Fundamentally I think banks and even metals producers probably want to raise cash to buy bonds. 5% will double your money in 10 years... while metals have no such yield. ...

FuturesIntelTM

I think energy stock composition and dividend yields will favor the Russell in the near term based on this MACD signal, potential triangle and Elliott Wave count.

FuturesIntelTM Updated 

Gold bug's biggest complaint is ALWAYS manipulation of Gold prices... Enter: exhibit 1. This is the spread between Bonds and Gold, and it has reached maturity and should reverse from here IMHO. With yields at 3%, banks will enter the bond market en masse, hedging that position with a short on Gold. With yields finally attractive, the US DX will also...

FuturesIntelTM Updated 

Look at Palladium - up $1000 since 12/15 from $1500 to $2400. It could drag gold up fundamentally. On top of that, Gold has a very nice triangle, where all of the waves are abc except for the E. When you see that, it's usually correct. Zoomed in it could be a nice impulse forming. We're at the 38.2% right now with a clear abc April (84 days) 1950 Call is...

02:08

FuturesIntelTM

LMK your thoughts in the comments. My three predictions... 1. Down to 1915 2. Back to 1956 approximately 3. Then a slapper down... And the question that will be answered by the market and the market only... is the trend still intact? Will we get one more C wave down or will it complete a full impulse and subsequently head for Valueville? Money flowing out of...

FuturesIntelTM

This seems like a high probability short after yesterday's profit taking waterfall. The Fed has been asking for inflation for years, now the question is how well we can manage it. A rate raise cycle could be inevitable, which could/should result in some profit taking. Good luck to all!

FuturesIntelTM

I think the 1-2 1-2 setup here in Silver & Gold is reasonably probable to trade and is quite bullish. Inflation tends to agree, as do many analysts. The very short term setup has a 1-2 as well, at least in gold. It looks to me be very solid agreement at this very moment in time to be entering the 3rd wave across multiple degrees. The market also just took a...

FuturesIntelTM Updated 

Looking for a leg down to complete a 4th wave in Nasdaq & S&P . The recent strength can be counted as a B wave with C expected down. A very long trend line and recent touches on it could amount to a bit of a snap if it breaks. C waves are often an impulse as well, so it could be a quick decline... But it is a bull market so expect surprises to the upside as...

FuturesIntelTM Updated 

If you haven't heard of HEX, it's time to dig in ASAP. It is the only Crypto I know of paying a yield for staking somewhere north of 30% / year. Hex.com Additionally, the proprietor Richard Heart was not satisfied to have made a fabulous entry into the crypto world, so he is literally forking ALL of the ENTIRE Ethereum Network on a Proof of Stake model that...

FuturesIntelTM Updated 

This article was the first I've seen regarding physical supply of Natural Gas on hand in the US, and it sounds really bullish to me... but I haven't confirmed any of it. "Inventory Deficit Narrows - Working gas stocks’ deficit to the five-year average decreased, and the deficit to the bottom of the five-year range increased. In the Lower 48 states, total...

FuturesIntelTM Updated 

Pretty clear Elliott Wave count here IMHO... long drawn out 4th wave that some think already included a last push 5th wave, I don't see it that way. Wave 1 was $4.5 the day after Christmas, I think we will get a similar size move over the next two or three days. Crazy thing is the market can rally that far and still be under the trendline - which is why people...

FuturesIntelTM Updated 

The long term count looks clear to me with more upside potential in this globally inflationary fiat-mode. The inverse head and shoulders in the monthly is icing. The last couple days of movements certainly add to the impulsive motivation.

FuturesIntelTM Updated 

I have 3 x February Calls on SPY... it looks like the intermediate downside capitulation is complete. And just when it looked like the bear was resuming - we have a leg higher.