dryanhawley

dryanhawley

This chart shows the 38% retracement of the entire last major set of waves up at 3059, but the 200 EMA sits at 3081, and historically the 200 EMA is the heavyweight EMA, hard to break through. The reader should also take note that the Bollinger Bands are in roughly the same range 3040.. These are all likely candidates for the bounce. a 38% retracement is Bullish,...

dryanhawley Updated 

There is a head and shoulders sell pattern in a 60" chart. If you study this chart closely they have been bouncing off the weekly R2 on corrections. It will be interesting to see if they start buying again there. I will go long there again. I colored the weekly R2 in yellow so you can easily see it. It's at 3160. The 200 EMA is another likely place to bounce 3135.

dryanhawley Updated 

Ecclesiastes 3 King James Version (KJV) To every thing there is a season, and a time to every purpose under the heaven: A time to be born, and a time to die; a time to plant, and a time to pluck up that which is planted; A time to kill, and a time to heal; a time to break down, and a time to build up; A time to weep, and a time to laugh; a time to mourn, and a...

dryanhawley Updated 

I was the biggest proponent of shorting, or among them. I began shorting at the exact 5" ATH On Feb 24... Then reentered at the 62% retracement of the bottom set in March. There are so many technical, political, financial reasons to short, but what is the point? Being right and not wanting to admit you are wrong? When the 8000 ln Gorilla is rampaging down the...

dryanhawley

Many of us who see short opportunities, like we saw today, and in all fairness we reached the first lower target, but then the federal government, or the Bilderbergs, or whoever you want to call them, stepped in and crushed the market upwards.. So I'm willing to go out on a limb and predict the SPX will follow the path created by the NDX. It's not about technical...

dryanhawley Updated 

On February 20th I shorted the exact top of the market... Call it luck if you like, but I nailed it.. At that time there were extremely few Bears it was like in 2000 when most people were afraid to short for fear of "Infinite Losses", and Wall Street Analysts were saying, "We have entered a new paradigm where stock market corrections are no longer necessary". It...

dryanhawley Updated 

We have confirmation in place that in fact we corrected down after the 4th wave up. We have done a Wave A down, and a wave B up. I would not be surprised if we do a wave C down.

dryanhawley Updated 

In this Daily chart you can see how all the down waves could be simply an A-B-C correction before going higher.... But if they roll this over into a Bear market, an excellent place to risk a short with a catastrophic stop.

dryanhawley Updated 

This is the Daily chart, You can see the 4th wave up is complete, and we have rolled over, the final fifth wave down should be next. Nobody knows with certainty what the Markets will do.. They could find a cure for COVID-19 and we sky rocket, or things could continue like they are another month of unemployment, and Economic stagnation. In that case more down...

dryanhawley

The TREND could be turning down. If so the Market is taking a moment of rest in the weekly charts.

dryanhawley

An update on the Idea of a IVth corrective wave following the classic Waves I & 3 down where wave II was an easy to read ABC corrective wave up. The pattern is intact for the IVth wave, wave 4 didn't go past wave 2 ( of the corrective IVth wave. We are now in the 5th wave of the IVth wave going up on weak volume. Roman numerals used to indicate the larger...

dryanhawley

Based on Elliot Wave patterns, Fibonacci numbers, extensions occur in fib values. My last chart was a weekly chart I think, cause this one shows possible dauily retractions comming up at .38 or .5 most likely.

dryanhawley Updated 

I believe we will get a 1.38 extension on a wave 5 before the next correction at the 1.38 extension might go to 1.5 fib extensions there are fib numbers beyond that but the odds go down explained by Mr Elliot he predicted a Bull Market Supercycle and was right. .

dryanhawley Updated 

Obviously that would be new highs.

dryanhawley

We are coming up from a 4th wave elliot correction, this could be the start of 5 waves up complex and impuslive. or we could go down. In any instant the odds are 50/50 % that is a fact but if we go up and cross those levels i am long.

dryanhawley Updated 

We have completed the wave 3 down I called for and are bouncing from the level called, in previous posts. Now we will go up as high as R1 before potentially descending on a 5th wave down. If we break the R1 that would be very Bullish. Remember at any point it time the odds are 50/50% of going higher or lower, fact. So you have to see both possibilities. Wave...

dryanhawley Updated 

We are in an ABC wave 2 counter trend reversal IMHO... In the short timeframes the trend is down. Of course at any given moment the odds are 50/50 but it looks a lot like a setup to go down soon to me. KD Formerly "Kauai Dave of kauai Daves TrendTraders" over on eSignal and TCNet I use a lot of different charts if you like this one talk to Mort Diggiddy

dryanhawley Updated 

Wall Street has proved once again they can do whatever they want, and ignore longer term patterns, but eventually they have to let it fall again as proved by the years 2015 and 2018. I tend to arrive to conclusions early before everyone else sees the Elliot Wave counts and patterns.