elp

elp

October 2014 - October 2015 coppied and pasted on to years 1965-1966 correction rally and correction. Here is a possible fractal where current price could be following or rhyme with years 1965-1966. Both periods had an initial correction (october 2014) both periods had a powerful rally out of the correction lows that made a similar % move and time move from lows...

elp Updated 

Commercial net interest was stronger at the current yr 2015 lows than at the yr 2011 lows and yr 2007 lows before the yr 2007 ath. Both yrs 2007 and 2011 the commercial long signal resulted with the ES making a new all time high. I don´t know if price will follow this signal again. However price history can rhyme which could thrust the ES to new all time highs...

elp

Using Tim West´s long short filter set to 4-16 emas years 2000 & 2008 corrections were identified. The 4-16 emas also gave a bear signal in years 2010 & 2011 which were false signals. Yet when using this system along with T3 mvas 5 -20, years 2000 & 2008 experienced a bear cross along with the 4-16 emas. Years 2010 & 2011 the T3 mvas did not cross showing the 4-16...

elp

I see a lot of crash calls, bear market is here, the bull is over, and maybe all saying this are correct. I even find myself leaning towards the bear camp. Keeping an open mind to all possabilities the market could have been in a correction all year.Corrections can be sideways. Many only believe corrections have to be down in nature. This is not the case since...

elp

Break july lows would think 2000 could see a bounce to long. Hold Julys lows would look to long too. This would be the larger range for 2015

elp

The summer trend this year is to make a low by mid month then rally into the 20-21 of the month, sell off. Until the spx breaks out of resistance, or breaks down through support, the spx will continue to stay choppy this summer. For the last 4 weeks the es has been making an alternating up a week and down a week . With the 2015 summer chop in full swing I don't...

elp

This chart is for my future reference and is not for trading. Looking at gold on a long term annual chart, log scale. From years 1825-1918 gold was flat in a $4 range. Entering 1919 gold started it's parabolic rise into 2011 highs. Exactly another 93 years. In 93 years gold rallied from 4.24 to 1920 in a parabolic rise after being flat the previous 93 years. What...

elp

Wouldn't go long on the usdnok pair atm. However the hwb from 2014 lows to 2015 highs is at a previous area of resistance. Would look to long at 7.1340 to 6.83100 and hold on for a rally back up to TL resistance at 9.5000 Could be wrong and will put a stop under the internal TL and the 61.8 fib Don't think price will trade possible support this month. Patience...

elp

To be very clear. This is not a top or crash call at all. Just observing previous market history compared to today. Observing the previous multi-year consolidation from 1968 highs to the1980 breakout. Price found resistance @ the -0.618 and entered a correction that backtested the previous multi-year consolidation. Currently observing price is struggling to...

elp

This chart is not to trade off of. It´s for my future reference. Breaking out of current highs could confirm an upside target using a fib time zone and trendlines @ 1.80 late in the year 2017 US Dollar strenght just might have the most poweful part of its current bull market in front of it.

elp

This is not a chart to trade off of. Publishing it here on TV for my later reference. Using fib time zones and trendlines the usdcad pair has a fib time zone towards the end of 2017 If the usdcad pair trades this high it would have the look of a sweet short trade to the bottom trendline. Breaking out of current highs would confirm a continued us dollar rally.

elp

The usdcad pair looks like it could try to make a cup and handle. In the mean time it could go sideways where one could sell the highs @ 1.28340 with a tight stop just above highs. Buy possible support @ 1.17270stop under the 61.8 A strong weekly close above highs and have upside targets @ 1.33 and 1.42 although I believe this pair could range for a while where...

elp

Looking at the eurusd would look to long 1/2 size possition around 1.06774 - 1.05770 stop under April lows. Don't really know how it will playout.... believe there is a good rr to the upside at the moment. Would look to peel off some if not all @ 1.12800. Strong daily close above 1.14800 for a few consecutive days and I believe price could trade to yr 2015...

elp

The ultimate oscilator has made a notable divergence and looks to be breaking to the downside of the triangle it has formed. Slow stochastics has a downside bias look to it imo. I am not planning to sell at friday's lows, although would look for observed resistance on rallies to sell the es. I believe the es & spx are in a sell the rallies mode at the moment....

elp

Price seems to making a very rare pattern on the ES Mini, where price action takes the shape of a shoe that is trying to kick prices higher. Similar to kicking the can down the road. Upside targets are T1 2152.25 and T2 2181.50 When this rare pattern forms, price usually is super choppy with no support or resistance holding from the top of the shoe to the bottom...

elp

Here is an EW count that indicates there is not much room to the upside. If there is one more rally to new highs it could be W5 of an ending diagonal of a 5th wave extension, or W5 truncated at March highs. If this count is correct, W4 could be rather quick. Having alternation with W2, where W2 was a sideways, time consuming running flat correction. W4 could be a...

elp

Looking left of the chart, selling at the top of the channel, buying center channel has been a good RR trade. If price trades down to the bottom of the channel it's been a great RR long. Why try to reinvent the wheel? Looking to long next week into 2155/60 where I will flip to shorts. Will keep this trade plan until it stops working.

elp

Price has been holding it's 12 month moving average on a monthly close for the last three years. Would look to go long around 2000 since the 12 month ma has been consistent support. If price trades back up to the upper trendline, would look to short, because it's been strong resistance for the last five years. On a side note, coming into May using a fib time zone,...