oliverrathbun

oliverrathbun Updated  Oct 13, 2022

SOXL - BUY - Completing 18 Month Long Correction This is in WEEKLY LOG mode for reference A brutal 18 month long correction nearing completion. I will be looking for a bullish fractal to emerge soon. Notice huge volume....capitulation. Stay tuned...

oliverrathbun Updated  Oct 2, 2022

ES -WEEKLY - LOG Mode Wow what a week. Could it look any more bearish? This is an update with a intermediate term view. My opinion for the the path forward has not changed..... yet. It hinges on the the where the current corrective wave ends. I believe we are close if not already there with the completion of what I'm labeling a "b" wave see chart below. I am...

oliverrathbun Updated  Sep 24, 2022

ES Linear Mode Daily So far the S&P is tracing out a pattern consistent with my expectations. I look for continued volatility through the election time period and a more sustained advance thereafter through the end of the year. After that advance comes the downdraft. See my link to previous posts on longer term outlook. This chart depicts my idea for the near...

oliverrathbun Updated  Sep 21, 2022

Japanese Yen Daily Where is the bottom of this market? This is my take on where we are at in the cycle. I believe we are approaching an area where some buying interest will show up to bring us through a wave 4. Ultimately a wave 5 will bring us to a long term buying point as shown here:

oliverrathbun Sep 11, 2022

DXY - Monthly Linear Mode There's a lot going on here. Bear with me. I've used the 3 major pivot points along with pitchforks median lines from the past 37 years. As you can see we have reached a point of confluence of no fewer than 5 intersecting lines derived from the afore mentioned pivot points. My opinion is that the advance from the 2008 low is...

oliverrathbun Sep 9, 2022

US Oil - Daily Linear Mode Good risk point for long entry on US Oil. It's a little early to give price projections although a move to the yellow median line or upper purple tine is possible. Put this on your radar and let a developing fractal give a clearer direction. This is a 6 month corrective pattern so I would expect a nice retracement up.

oliverrathbun Updated  Sep 6, 2022

I know we're not supposed to be buying stocks right now. Just ask Powell. What can I say....I'm a rebel... AMD Testing the top side of the descending trendline. I like this set-up. Good risk-defined buy point. Could be a good long call option play. Risk to sub .786 Fib retracement @ $78.50 Zoomed out Daily LOG Scale Monthly LOG

oliverrathbun Sep 6, 2022

DXY WEEKLY Linear Chart Everyone is focused on the dollar... for good reason. Seems that's the linchpin across almost all markets. This chart suggests we may be approaching a point of a top. Maybe not "the" top. Need to track this on a lower time frame. Will be updating... This could have significant ramifications in planning your longer term trading strategy.

oliverrathbun Sep 5, 2022

GOLD - Monthly & Weekly Linear Charts I've changed my opinion on gold from longer term buy to longer term sell. This will include multiple charts. See below... This Monthly chart has my revised Elliot labeling. As you can see I now believe we are in the beginning of a "C" Wave. These can be nasty waves to be on the wrong side. I believe the double top formation...

oliverrathbun Sep 2, 2022

SPX WEEKLY Chart I want to begin this post to clarify that I'm no conspiracy theorist. These past two years has cast a shadow on the "wisdom" of policy makers. Both parties included here this is not a political comment. It's just what policy makers do. They need to justify their positions. Do we want free markets or not? I believe a free market is the most...

oliverrathbun Updated  Sep 1, 2022

This is an update to my recent posting of S&P direction for the near & longer term. I was in the camp that thought we were due for a large correction into the abyss of sub 3500 levels in the SPX. Am I bullish? Am I Bearish? My answer? ..... Both...depending on the week :) What changed? The recent advance off the June lows has brought us past levels that make...

oliverrathbun Aug 31, 2022

SOXL - WEEKLY LOG Mode I know what you're thinking....... Don't shoot me I'm just the messenger. This chart implies the sector deserves some near term consideration..... as hard as that may seem at this point. Buy when there's blood in the streets... Risk is well defined here. I would use the sub .786 Fib area as a stop point... See below. Here is the DAILY :

oliverrathbun Updated  Aug 30, 2022

This chart is in LOG format Gold is completing a two year corrective pattern. This has the making of a nice move up. Possible blow -off top?

oliverrathbun Updated  Aug 28, 2022

Silver appears to be in a position to advance to new highs? This is a MONTHLY LOG chart. You can't miss the decade long cup with 2 year handle....about ready to break out! If this count is valid we should see some real strength to the upside SOON. If a wave 3 of 3 is about to begin YOU DO NOT WANT TO MISS IT. Get ready this could be fun. This lines up with my...

oliverrathbun Updated  Aug 25, 2022

SPX Daily Chart - Linear Mode This post will have multiple charts to show my point behind the title I test my channeling by inserting fib levels to legitimize it's positioning. Channels can be drawn very subjectively leading to disastrous conclusions. Ask me how I know... What clues does this channel provide? The median line is a price magnet...reversion to the...

oliverrathbun Updated  Aug 17, 2022

Weekly Linear Chart for reference This is a natural point in the market to consolidate and traverse to the upside....... or fail and resume it's slide down. I would expect some price oscillation around this area before direction becomes clear. Could be shakeouts on both sides...

oliverrathbun Updated  Aug 13, 2022

The price action we experienced this past week has altered my long and shorter term expectation for the market. Upon hitting the price peak in January and observing the structure of the market unfold as it has it's obvious we've entered a "traders market". This is completely contrary to what we've experienced over the past 12 years and I think it's what we...

oliverrathbun Updated  Aug 12, 2022

WYZ pattern unfolding? The decline off the highs in December consists of a complex series of 3 wave moves. I'm expecting another series of three waves to a final low for this bear run. Where will this take us? God only knows although this presupposed decline will likely be larger than the first two. For now I'm labeling the target zone at the 1:1 Fib ratio of...