The heat is on! Either the bulls launch an offensive, or we see prices drop below $30 a barrel. Should the bulls fail in fulfilling this task and prices fall below the support of $36.49, further downward movements are imminent. Invalidation of the underlying scenario occurs below $34.36. Therefore stops for Long ambitions should be placed just below the...
As silver approached the target-box, the market showed a strong reaction and immediately turned lower. However, we still have no confirmation that the bears will succeed in pushing down the market towards $22. To confirm this move in wave (iv) in blue, we want to see the metal below $25.78 in the next step. In the long term, silver remains oriented towards...
With the Dow Jones Industrial Average reaching the target-box, the market jumps more than 400 index points in today's trading, while investors' hopes over the country's next coronavirus stimulus increased. Senate Minority Leader Chuck Schumer claimed that there is a "good chance" of reaching the agreement on the bill in the Senate, asserting the Republicans may...
The current slide in share prices are particularly felt by the high-flyers of the past weeks, including the papers from Apple . The recent sell-off, however, is still a clean correction. Following the primary expectation, the market has reached the target box for the current pullback. As long as the bulls hold above $105, we see the bulls stepping back in very...
Happy Labour Day! The Japan-based holding company, Soft Bank, reportedly purchased billions of dollars worth of equity derivatives in the United States, triggering a month-long rally in technology stocks. The surge in call option trading has surprised even market veterans who specialize in derivatives. Research by Goldman Sachs has shown that on a daily basis, the...
The S&P500 reached our target-box in yellow and dropped like a stone. The impulsive sell-off confirms our primary scenario. Our next target now resides at 3262 points, bevor the bulls have a Chace to push back. We give the scenario in which the market stabilizes, in the range of 3262 - 3075 points, a probability of 38%. Should the S&P500 reach the blue target...
Despite the turbulent news regarding the upcoming presidential election and the uncertain economic recovery, the bullish scenario remains intact. The index has hit the 29k region and is still going strong. The 29k points was the first target from the last Dow Jones Update. Should the bulls break out of the yellow target box, above 29559 points, the path for a...
The Bears are off to a good start after reaching our turnaround zone. After a spot landing on the 78.6% Retracement at $2001 price has dropped over $50, and we left our yellow target zone. We take that as a positive sign for further selloffs. However, a first good quarter doesn't make the game. We desperately need to break the red support line at $1916. Only if...
"Elvis has left the building!" The famous phrase was used by announcers to tell the audiences of the king, that there were no more encores. It has since become a well known catchphrase and punchline. The question that we have to ask ourselves regarding Ethereum: "have the bulls left the chart?" We think that reching the $450 area could mark a superior high. This...
Not born in 1820 but also going strong! www.whiskyverkostung.com We don't know if the bulls 🐃 had some of Johnnie Walkers product 🥃 , but they are strong! We expect the stock split to do its trick and propel the market further north. A strong resistance zone lies in the area between $136 and $146. This area poses a good target for wave in red. After...
Silver is poised for another upwards movement, which will likely result in another high. The target of the current wave is the region somewhere between $28.50 and $29.20. Should the bulls be able to deliver a new high, the (b) in blue will be moved to the higher high. Still, we expect a bigger sell-off after reaching the mentioned area. For the downturn to happen,...
Who gon' stop me!? No, this isn't the cryptos, but looking at the SP500 chart, you cannot deny a certain resemblance. The bears don't stand a chance against the raging bulls. Every little downstep is promptly bought up, and the run continues. No wonder if money is free. Still, from a chart perspective, we need a bigger correction. We highlighted our potential...
Kool & the Gang is getting down and so is Gold! Gold is cloesly trading at its previous low. For now we still expect a final push in the $1980s region, where a sharp change in trend should happen. The turnaround zone is indicated by the yellow box. In case the bears are highly motivated and manage to break below $1916, the downward move could accelerate. Next...
The EUR/GBP manages to reach a lower low. 📉 🐻 We are already short since the beginning of August; however, it might not be too late to jump on the moving train! Short with stops above the previous highs might be a good idea. We see the downward move continuing. Target is as always our yellow box, where we expect a reversal. Nevertheless, we have to watch out for...
WTI reaches a new high. As long as we trade above $40.89, we expect higher prices, without further detours. The next goal for the hungry bulls is the region around the 161.8% Extension at $49. After a short correction, which will give us another opportunity for re-entry, we see the bulls passing area 51 and leaving for prices in the $56 region. We are Long since...
No MC Hammer not Today! We sincerely apologize to all MC Hammer fans but the EUR/USD can in fact touch our target zone (yellow box). To be precise: It is supposed to do so! We expect a corrective wave 4, as depicted in yellow, followed by a bullish turnaround. The target zone for a turnaorund lies between the 23.6% Retracement and the 38.2% Retracement. This...
yarn.co You've gone completley sideways, man! Not only Dr. Gonzo in fear and loathing in Las Vegas, went completely sideways, so did the Dow Jones, for the past week! We think the time is ripe for another push towards the 29k milestone. We consider the sideways move a wave (iv) depicted in white, which will be followed by another upwards move (wave (v) also in...
The bears fail to break support at 12559. We think further bullish action is imminent. We are now Long with a target of 13500 points. This would be the minimum target of wave 5 depicted in ocher. However, if our primary expectation pans out, the bulls are set to reach new territory at around 14800. The no-go-area is below 12199.5. Should we break this support...
