Closing in on the final wave 5 move off the march lows, with the expected target around the 300% extension to 33000. After, we expect a macro wave 2 pullback to take us to around 25000, or potentially lower, to put in a macro wave 2 off the march lows (with the assumption the primary direction is up). Disclaimer: The proceeding content is informational only and...
Sorry for the "rant" today, but I feel it is an important subject to cover as traders. Today we look at how the overall markets could play out over the next couple of weeks, and expectations for the final wave 5 of the QQQ and TQQQ. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a...
Almost filling out 5 waves up from the march lows, looking for a macro ABC retracement from the highs going into the coming weeks. Long term targets are still bullish, and based on the current fundamentals of the political climate, we could see alot of bullish momentum in the energy sector, particularly clean energy. Disclaimer: The proceeding content is...
On today's video, we look at the longer term view for the Qs, and also go over the corrections we saw in GLD and SLV. Nothing much to add in terms of our individual charts, so probably will not update those today. Additionally, we will be putting individual stock requests on hold for the next couple of weeks, focusing more on the overall indexes as we begin to...
Similar story to the QQQ etf, looking for the final wave 5 leg to take us anywhere in between 190 and 220. After we expect a macro correction in the overall markets. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider...
Measuring the extensions off the march lows, targets to complete that final leg for the wave 5 are in between 320 and 330. After, we expect a macro correction in the market. We are not shorting yet, still think we have some room to go to the upside. Disclaimer: The proceeding content is informational only and based on information available when created. It is...
On today's episode, we look at the overall NASDAQ ETFs, QQQ and TQQQ, as well as VIX, DXY, and GLD and SLV. Coming up on the last 5th wave in the market (in our opinion), and are begin to shift away from traditional "stocks" and into different assets as a whole. Disclaimer: The proceeding content is informational only and based on information available when...
Looking for 1 more pullback to complete the 4th wave, and then 680 will be the projected target for the 5th. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be...
Next Fibb support is 246 on FDX, looking for a hold of support and consolidation, followed by a 1-2 start to the upside. Got stopped out back at 260. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial...
Silver looking constructive off lows put in towards the end of 2020, target 30 for 5th wave. Overall bullish on anything that hedges against the dollar. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial...
Overall, nice bullish momentum on GLD and gold as a whole, after lows put in back in Nov/Dec. Targets are a wave 3 to 187, wave 4 pullback to 180, and ending in a 5th to 200. This agrees with our analysis on further downside for DXY (dollar index). Disclaimer: The proceeding content is informational only and based on information available when created. It is not...
VIX could potentially try to test the 50 retracement levels off the highs around 50, but first, we would like to see VIX come under 20, followed by a 3 wave structure to the upside. This analysis agrees with our overall thesis that a macro correction in the market is a possibility, and as a result, the VIX could get some bullish momentum. Disclaimer: The...
Similar chart as QQQ, modified from standard impulse, to ending diagonal, with a target of 190 now. After this, we expect a macro correction in the market. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your...
Changing the count up to now a diagonal, with a lowered target of 320 to complete 5 waves up. Overall after the 5 waves, anticipating a macro correction in the market, across all 4 major US indexes. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal...
On today's video, we look at QQQ, TQQQ, VIX, GLD, and SLV, and overall how we see the market shaping out over the next couple of weeks. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and...
Any break below 256 is the invalidation point to our macro 1-2 start, and could suggest further downside. Labelled in white is the potential bullish count, that would start in a 1-2 pattern. If we can see that, this could suggest a new trend that is filling out our wave 3 target to 356. I am personally stopped out, waiting for some consolidation around the current...
Starting to get overextended after the parabolic all time high on Bitcoin, looking for a macro wave 2 pullback, that could begin to signify some long term bullish trend on bitcoin. Calculating the 5th wave extension, this could end up around 84,000, but in order to get there, corrections are needed along the way. Disclaimer: The proceeding content is...
4000, 4100, and 4200 are the levels that could potentially satisfy a 5th wave in place for ES, after, we are looking for a macro correction in the markets overall. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your...