waverity

waverity

The S&P500 is at key graphical resistance (line linking the tops) and standard Elliott Waves targets. RSI-14 Daily is at resistance also. A break below the line linking the lows since August would validate the bearish count towards the 175 area on SPY. A daily close above 207.35 would invalidate this view.

waverity

USDCAD at key resistance. 5 waves up movement near completion. Expecting a pullback towards 1.25 first then 1.20.

waverity

Ratio of XLF/XLY is at important Fibonacci projection level Has potentially bottomed, good upside potential. Indirect way to play a possible rise in interest rates. Key support at 0.30, a break below would invalidate this view. Bullish divergence on RSI-21 week.

waverity

Ratio XLF/XLY at key Fibonacci support and potential reversal to the upside. Bullish momentum (RSI-21) divergence on weekly chart. Indirect play for the believers in the rise of interest rates.

waverity

Impoirtant mulitple resistances of Fibonacci projections, time to sell and/or short XLY.

waverity

Important divergences on RSI-21 monthly. Important Fibonacci projection resistance. Expecting a major correction towards 15 450/14100

waverity

A break above $20.20 would validate the upside move towards 21.20 for completion of wave a.

waverity

The German stock index DAX is at important Fibonacci resistances and momentum overbought area. We are expecting a down wave corrective movement towards the 10160 area, max 8920. Only a new weekly close above 12 220 would invalidate this bearish view.

waverity

The S&P500 is at important resistances based on Fibonacci projections and showing bearish momentum divergence. We are expecting a corrective down wave (4) towards the 1855 area. Only a new weekly close above 2120 would invalidate this bearish scenario.

waverity

The Russell 2000 Index has reached important Fibonacci projection levels. We are expectiong a down wave (4) towards the 1060 area. Only a new weekly close above 1268 would invalidate this bearish scenario.

waverity

The QQQ has reached it's all time high monthly close near 109.50 and corresponding to important Fibonacci projections levels. We are exepcting a corrective down wave 4 towards 90. Only a new high on a weekly close above 109.50 would invalidate this bearish scenario.

waverity

The Nasdaq 100 Index has reached important Fibonacci levels. We believe it's up wave (3) has been completed and a corrective wave (4) is under way with a target towards the 3600 area. Only a new weekly close higher would invalidate this bearish scenario.

waverity

The Dow Jones Industrial to Gold ratio has reached a key resitance area near the 15 level for the completion of what we believe was corrective wave 4. We are expecting a continuation of the bearish move with the final downwave V. First target near the 2011 low of 5.69.

waverity

The yield on the US TNote 10-Year remains in a long term downtrend channel, looking to complete it's down wave (3) of V towards 0.70%. A break above 2.20% would invalidate this trade and a break above 3.04% would invalidate the whole bearish pattern.

waverity

10-Year US Treasury yield remains in a long term downtrend channel, in the process of completing downwave (3) of V near the bottom of the channel at around 0.70%. Key resistance that if broken would invalidate this bearish scenario is the 3.04% level.

waverity

The DBA seems to have started it's bullish long term up wave 5/. Buy on pullback near the former line linking the tops since 2008 and corrective wave 2 target of 38.2% retracement of wave 1, near 27.50. Target of wave 3 at 35.50 with stop at around 25.45/24.95.

waverity

Wait for completion of wave 4/ near 16 to enter the short on the Dow/Gold ratio (meaning being long gold and short the Dow Industrial). Target at 1 !!

waverity

Enter a short on TSX Composite at the all time high test around 15 100. Expecting a down wave C/ from there all the way to 10 000, a 33% bear market.