yuchaosng

yuchaosng

I haven't been using EW to do SE analysis for a while now after I have called the peak and continued call for it's drop when it's going down. The truth is, I can't be bother to try to continue doing EW on this after it has fallen so far. If anything, I will look for long opportunities now for SE. Unfortunately, there is no clear sign that this stock will...

01:11

yuchaosng

As I've drawn on this chart, we have seen 2 days of high volume down days and there is a breaking of the trend line on Friday. I expect the coming week to see a wave 3 down move that will minimally see SPY at 498.

yuchaosng

I had done the previous update in a rush (since very close to the EOW session close) and didn't update the count (especially since lines were drawn from higher timeframe). So this is an update to the breakdown of the ending diagonal.

01:07

yuchaosng

Update that I expect SPX, SPY to crash on Monday for more than 100 or even 200 points.

04:58

yuchaosng Updated 

This is an update to my previous analysis where I mentioned that I am expecting an ending diagonal. Based on the low set yesterday, I am expecting 2 different entry points for shorts: 1. If price hits the upper trendline around 6th Mar (Wed) close or 7th Mar (Thurs) opening. 2. If price falls below 5056. I also mentioned the inte-market analysis using the 10...

yuchaosng

I am now expecting that the 10Y yield to crash and thus the trade here will be to long ZN futures. Please note that what this implies is that rates are coming down and there will be a rotation from equities to fix income and that means equity markets WILL CRASH sooner rather than later.

yuchaosng

Using 2 Fibonacci extension levels, I have a convergence. Take note that price do not have to reach there. The current resistance seems good enough to start scaling in your short position.

yuchaosng

We are seeing the most unsustainable rally in the Japanese market. The rally is not backed by a similar rise in usd/jpy. So usdjpy can now be assumed to have made a top and the recent upmove is a corrective wave up.

03:52

yuchaosng

Bullish case: 1. End of corrective wave 2 2. Price-RSI Divergence 3. Price-Volume Divergence 4. RSI double bottom

yuchaosng

I have been calling for SPX short and recently the hitting of Fibo extension target seemed able to stall the price advance. But the wave structure doesn't seem like the end (unless I mis-counted and missed a wave somehow). So over here, I drawn out in purple what I thought the path of SPX will be like. Down then up and the entire structure will bring us to the end...

yuchaosng

Hang Seng has broken out of channel that was almost 7 months in the making. This is a bullish. Coupled this with the end of EW counts and China crack down on malicious short-selling or selling of stocks and pledge to support the equity markets.

yuchaosng

As mentioned in my previous 2 published ideas on SPX recommending shorts, SPX has now hit the ultimate target.

05:21

yuchaosng

Since my last call for a "long then short", I believed the opportunity to short SPX is here in the sense that the risk-reward is now too favourable on the short side.

yuchaosng

Based on Fibonacci extension levels projected from wave 1 and based on start of wave 1 and start of wave 5, we have a convergence at 5088. However, take note that given the risk-reward, now it is better to prepare for short rather than trying to catch the last few points of long. Thus, this is a short call.

00:56

yuchaosng

The original idea of long and bullish explosive up move HAS NOT changed. It's that now I expect price to move down slightly more before moving up.

01:24

yuchaosng

I am expecting an ending diagonal and then an explosive move up. This is the time to LONG!

yuchaosng Updated 

As can be seen on this chart, I have extended the fibonacci extension and this time the target is hit. Short.

yuchaosng Updated 

I was too early in my previous call and was wrong (linked here), but this time it should be obvious that it has ended.