MarketAlly

MarketAlly

This is my long term forecast given everything I can digest to date and how global deficits and future events are shaping up. Trade Well :)

MarketAlly

This is what I see in the markets around oil and current events. I do not believe this move in oil is currently supported although come year end, we will IMO.

MarketAlly

Watching this triangle very closely - a break of the channel could send this with incredible speed. One not to miss

MarketAlly

Given the press up through the channel, I am watching closely at 173.86 for how it handles this Fib level but a short squeeze up to 197 is quite possible. If it does reach that, I will enter short there but given the market news - I will let is show signs of topping before stepping in front of this one.

MarketAlly

I will be expecting some pullback but the overall trend is looking to reverse. This of course is my prediction and will look for confirmation points along the way.

MarketAlly

I am watching for a bit further up in TBT but ultimately to move into TLT for some retrace.

MarketAlly

I will be looking for a press up to establish a short position but will be watching for confirmation before jumping in. It will depend on the overall markets since this is a favorite for pressing up.

MarketAlly

Looking for Apple to pullback some perhaps into Fed comments but rise into Sept 10 product announcement to complete a Wave 5 and Sell the news type event. As long as channel holds, I like this for a long until 560. Then will have re-evaluate with the overall market.

MarketAlly

I am looking for a long entry in Gold around 1350-1355 to hold the channel up to 1420 and provide the Cup in the Cup&Handle. This will probably align with the Fed saying they are still not tapering and give us some push up before the Sept announcement.

MarketAlly

I like S&P at 1620 for a long entry, providing enough of a pullback into the Fed's comments around Jackson Hole but am just as cautious at 1675 for a short term rise. In either case, I am in a waiting position for a setup. Interesting movement around the dollar suggests that a bounce is possible should 1645 hold.

MarketAlly

Looking for alignment with other markets, I am considering a long at the target of the short outlined. Liking the channel intersection and breakdown of the stock. Currently watching how this sets up.