elp

elp

The DAX has had a huge rally of 36.51% from the October low, 22.55% in 2015 and 11.46% from the ECB's announcment of euro style QE. This is a huge rally that could enter some resistance with the start of the ECB's QE starting in March. next week the ECB meets on the 5th and could create a news reversal. IMO this current rally since the ECB announced QE could be...

elp

I'm not implying the spx rally is over or a top is in. But looking at the channel the spx has been trading in since 2011 lows, there is not much room to the upside at the moment and believe by observation there is more room for the spx to pullback. My plan is to sell the hwb from highs to lows as long as it acts as resistance with a tight stop. Last week was the...

elp

SP500 1871-2015 Using all time lows of 1877 (cycle #0) & 1932 lows (cycle #1), cycle window #2 pointed to the crash of 1987 Currently cycle #3 is pointing towards end of year 2015. This is not a top call or a bottom call, it is an observation how three previous lows all had a cycle relationship and am wondering if the next will will have the same results.

elp

SPX Weekly Chart - The Laguerre PPO is showing a divergence similar to previous occasions where the SPX corrected. I am not implying this is the top since the SPX can squeeze higher, but would be cautious looking to go aggressively long at current prices. Nontheless, price could just ignore everything and do what it wants and not what I think, so using good mm and...

elp

For the SPX to go higher imo, it has to clearly trade above the monthly pivot currently at 1985 SPX500 CFD. At the moment if resistance holds with observed selling, am looking for possible more downside price action. If price can trade above 1985, price could try to trade back up to highs? To be honest, I have no clue where the SPX is heading!

elp

DOW log scale, Close high trendline acted as resistance on a monthly close 1999 & 2007 Currently price is trading above the trendline where price is trying to establish support. Support holds, the DOW could go on to make new highs. Support breaks where price closes for the month below with strong momo, and a correction could be starting. I do not know what is...

elp

Not a bull or a bear, more of a flip flopper and trade what price action is showing me. The DOW looks to have traded support on October 2nd. As long as October 2nd support is not broken, I have a bias to buy the pullbacks on signs of support. However, if the DOW makes a new LH and breaks below October 2nd low making a LL, I would flip to a seller. Always use a...

elp

Gold looks like it could trade down to 1180 where if gold dips into 1180 and finds support at the pink and red trendlines, could trap sellers at lows causing a short squeeze in a counter trend rally back up to resistance. But if gold breaks all current possible support on a weekly close with strong momo, the measured move of its current consolidation period is...

elp

SPX500 - Starting with the october 2011 low price has been trading inside a price channel. IMO price will try to trade to 2176 to 2211 before a big correction more than 4-5% that has been the norm the last few yrs. The center line has been resistance and think it could be again until price clearly trades above it and holds it as support. Until price clearly...

elp

The EURUSD pair seems to be in a downward trend towards a multi-year bottom. I believe the euro could try to trade towards parity with the dollar in the next few years, where the euro is in an a wave of Y. Levels I would look to sell the eurusd pair on signs of resistance, 1.32400 - 134150 to 134800 See weekly chart here. I could be 100% wrong, so it's...

elp

Multi year rallies that lead to new highs after breaking out of a multi year sideways consolidation, the Shiller PE Ratio by Year was at 10 at the time of breaking highs. The 2009 lows did not reach 10 at its lows. The current period broke out of its muli year consolidation with a Shiller PE Ration by Year at 25. Looking left of the chart, 25 has been a level...

elp

Looking to long the USDCAD at trendline support from 1.06275 to 1.0600 with TP at 1.12300

elp

Gold observations - 31 yrs between highs - projected next high if it's another 31 yrs = 2042 strong monthly close below 1180 imho price could trade down to its two lower trendlines.

elp

Two areas would look to buy this pair, 1, clear break of highs, 2. if price pulls back to the bottom trendline would look to buy on signs of support. #use a stop