etsimastuottoa

etsimastuottoa

Let GOLD finish its bearish divergence and corrective wave c. Buy it from the strong demand area (marked as yellow). 200MA also coming to that area, so it will be quite safe to buy. Additionally. RSI will be very low at that point. Hop in the ride, enjoy the long 3rd wave and making the money!

etsimastuottoa

WTI completing its last wave soon. It looks very strongly like an elliot wave A-B-C pattern. Fib extension 1.618 fits also very well to the picture. Additionally, there are some strong supply zones coming ahead. Furthermore, Awesome Oscillator shows that WTI is indeed loosing its momentum and RSI signaling alarmingly.

etsimastuottoa

poop?

etsimastuottoa

Hodor! Or Will it close the gap?

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Let's see how this pennant plays out

etsimastuottoa

Yuan devaluation has been significantly correlated to global market corrections. Let's see if there is a new one coming.. Probably soon... poop

etsimastuottoa

poop

etsimastuottoa

or pooping

etsimastuottoa

poop

etsimastuottoa

Disagreement between the indicator and price is called divergence. This is a bullish one.

etsimastuottoa

I'm curious to see how SPX respects these lines in the future.

etsimastuottoa

www.bloomberg.com www.cnbc.com www.zerohedge.com Credit ratings of the US firms are deteriorating fast-pace. This year we will see new record in corporate defaults. We have seen this year already 32 global corporate defaults (2009 there was 42, this year we will have more than that!). This could be a turning point of this nonsense rally. Short if the neckline...

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Selling has accelerated in April. Expecting that to continue. I don't see this rising above 109 in the near future. Let's look how long the sharp downward channel holds.

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twitter.com In summary, Japanese economy is highly dependent on exports. Recently, Japanese yen has appreciated very strongly against dollar. I think that happened so quickly and unexpectedly that many of those Japanese firms and investors did not react fast and early enough. This could implicate large losses in margin revenues and more selling of assets. This...

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Maybe I'm a little bit too early, but let's trade first and think later..

etsimastuottoa

In 2008 we had very similar case. S&P500 tagged twice (double bottom) at the weekly 200MA. That lead to a furious rally towards the weekly 50MA. What happened after that... Well you all know. Repeat after me :"This is not 2008, This is not 2008, This is not 2008, This is not 2008, ...." I recommend looking the related idea also.

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Looking closely this in the coming next weeks.

etsimastuottoa

Like a ping pong game?