yuchaosng

yuchaosng

Alibaba is at a price point and wave structure where it could be either a potential strong reversal or a crash. If i have to call a side, I am more bias short because I think global equities are ripe for (short) harvesting. The stop loss that I put in this idea shows that I am cautious about being wrong, but as you can see, it is not at any obvious resistance,...

yuchaosng

Following my previous idea on the S&P500 completion of 5-waves (updated here in red), I've updated a 5 wave of a lower degree (in green numbering) and then we have an a-b-c of the same degree (also in green). At this point, we can clearly see that there is a breakdown of a purple trendline. This is a longer term trendline. There is also a shorter term trendline...

yuchaosng

Price has moved horizontally since my previous short call on this index. The movement has formed into a descending triangle and as we moved into the apex, we might want to look at entries from the descending trendline or the breakdown trendline (2 red down arrows). A short-term stop loss around 39420 will trigger a review of this idea.

yuchaosng

There are 2 ways to look at the wedge that has formed: A truncated 5th wave that ends in an Ending Diagonal, or A W-X-Y-X-Z triple combination retracement. Side note: To be honest, had the wedge not form in 5 waves in the sub counts, I would really prefer for option 2 to be a “triangle”. The nice thing about this is that no matter whether it is the 1st...

yuchaosng

This is definitely not the best risk-reward idea that I've published but it has a nice wave structure: 1. Wave 3 = 1.618x Wave1 2. Wave 4: 5 wave triangle 1st Target: $140.04 2nd Target: $120.30

yuchaosng

Based on yesterday’s move where SPY opened with a new high, I have did a slight modification to the wave count such that I merged the previous wave 3 and wave 4 to become a single wave 3. Note that I do not really like this kind of action and shows bias on my end for preferred wave count. In order to do this, I will have to restudy Fibonacci relationships to...

12:43

yuchaosng

I analyze a few stock markets and gave me opinion on why I think the global stock market is going to turn down. Pardon the incoherent talk near the end.

yuchaosng

Following my previous short call on SPX (SPX Short: Seeking Peak) where I gave a lengthy explanation of the technicals and gave a peak target, this idea is telling you that the peak is reached and now is a fabulous opportunity to enter the market. The stop is above the high made today. Do take note that I’ve changed the Fibonacci extension level such that wave 5...

yuchaosng

The new high has forced me to recount the last wave and forced me to bring back the original count where I had expected another wave in the early days of October. This has definitely dragged on for too long. Now, let me first say this: there is an alternate count that I am holding that has a scary price target just slightly more than 6000 for SPX. So if I am...

yuchaosng

Similar to NASDAQ and SPX, Nikkei is also bound to move down in a wave 3. What I want to see is the breaking of the trendlines and then a move down to each of the support cleanly without reservation. If I'm wrong, set the top above the recent high as I've placed on the chart.

yuchaosng

This idea is based on what I believed to be the completion of minute wave 2. I am expecting that we will go into minute wave 3, which is really the beginning of a primary wave 3 count (at much higher degree). I've given 4 targets over here. Let's continue to monitor this and see how the wave unfolds. If I'm wrong, the stop loss is above the recent high as I've...

yuchaosng

This is a call for Bonds yields to stop rising and to start falling. What this means is that treasuries will go up. I expect this fall in yield to be strong and accompanied by a fall in stock market. Stop is shown on the chart. This is a rather aggressive stop.

yuchaosng

As a follow up to my DXY short call, I am presenting you with USDJPY. Similarly, I think it has completed wave 2 and will be starting wave 3. What this means is that JPY will be strengthening very seriously. It could also mean that Nikkei is going to fall into a serious bear market.

yuchaosng

From my previous idea that precisely called the turning point and nature of how DXY will move up, I am now calling for DXY to fall. The reason is because: 1) Completion of 3-wave structure, 2) Big picture wise, we are still on a down trend, 3) RSI-Price divergence. Stop above recent high.

yuchaosng

I didn't have the time to do the bigger analysis. But on the short term, I think DXY may have hit a resistance. Will follow up later .

yuchaosng

I have mentioned before that 22,788 is somehow an important price point for Hang Seng in my previous analysis of this index (not in tradingview, see check my profile for other source). Re-iterating: 1. it is the support and resistance for many points historically. 2. it is around the Fibonacci extension level of 2 separate wave extensions (see purple and green...

yuchaosng

Hi, this is just an update or the wave counts. Please keep your risk tight. Conflict in Middle East and US election may cause unexpected volatility.

yuchaosng

Should be seeing a wave 3 of a wave 3 tonight. Please see my previous linked idea also.