CuzDelux

CuzDelux

Watch price take off like a bat outta hell before it breaches 15.23, the log bottom to this box. Held this area for some time for all kinds of reasons, gaps, structure, fibs, intuition, and a general affinity for the number 17. Let's see if my patience will pay off. bought yesterday and this morning.

CuzDelux

My wave count and fibs show a little room up above where price should complete Minor 3 in the upper 140s, and my indicator shows hidden bullish divergence, while price has a lot of room before invalidating further upside. Play would be to short in the pink box.

CuzDelux

I have gone through every trick I know trying to settle on analysis for the dollar. Let's be honest, the past year and a half have been nothing but squirrelly, sideways movement that appears to go nowhere and do nothing. In fact, we are basically sitting at the average price over that time period. SO, how should we read this? Well, this is how I read...

CuzDelux

Yes. Volatility spiked HUGELY! Check this out. I bet we have one more spike, but not as high, while Equities bottom, FOR NOW. Vix is interesting, because it goes crazy on the middle of the down moves in equities, but when they eventually bottom, as traders realize everything is fine, it doesn't go as high, hence my Primary ((C)) label off high. Maybe, Monday week...

CuzDelux

With the breach of 102.358, I have abandoned the ED as my primary count, leaving one option if the overall count is correct: Triangle in the ((B)) wave. This is considered an "uncommon" Elliot Wave pattern. This is a Triangle Count to conclude our ((B)) wave. The reason I have adopted this count is 2 fold. (1) With our recent breach of key levels to the...

CuzDelux Updated 

The stock popped up on my radar a few days ago, and I love what I see. The divergences sync up with the pattern in the most textbook fashion. We see both bullish and hidden bullish divergence across all time frames. Will be interested to see what fundamentals back up any ensuing move to the upside, but its worth noting that this last move was pushed likely by...

CuzDelux

DXY spot (and DXY futures) is displaying an interesting combination of Bullish Divergences on its strength oscillator (MACD) relative to price. In the spot market, these are very subtle and are best viewed on the 3 hour chart, in my opinion. While DXY has not traded lower than its last low, when it found a lower low on more strength, it has traded lower than its...

CuzDelux

Expecting to reverse here to the upside. Looks like we have hidden bullish divergence. I do not expect that this will end the downward movement and have noted potential reversal points and targets one more move out.

CuzDelux

It is hard to elaborate on fundamentals or even technicals for a start-up company of any kind, much less a publicly traded producer of motor vehicles. I know nothing about this company, except that its stock just popped, after-hours. What I see does not give me confidence as a buyer of the stock. What I see is a company that will continue lower before reversing...

CuzDelux Updated 

I think all magnitude is worked out. Hate to call it, but, it is time. See you all on the moon.

CuzDelux Updated 

Been tracking this for sometime now, and it has mostly behaved as expected for a couple of months. The count in oil is hard to follow, because it does not necessarily "behave" within EWT parameters, but the pattern persists, despite irregularities. I will consider this validation or invalidation. I do not know the fundamentals that will cause such a move, but...

CuzDelux Updated 

This is an Ending Diagonal. Notice, it is a contracting ED, and incidentally, the intersection of its top and bottom trend lines provide an ideal end point. A little bird told me 5375 was ripe for selling, and this picture makes me confident he was right. ATH 5362.75 at the time of this post, but calling it, anyway, as late as 5375.75. If not today, maybe in...

CuzDelux Updated 

Gold could get one more poke into the green box extension area noted on the chart, but as price continuously tries to confuse us, I actually think a c wave subdivision of the Minuette (v) Ending Diagonal is likely and warranted, here. I have zoomed out to show some fib confluence at the top end, some of which is already set, and some of which is speculative. I...

CuzDelux

What a complicated correction have we seen in DXY, with the multi-top between Futures and Spot, and the hard to chart patterns that have kept us guessing, finally, we have a complete, seemingly clear pattern that hits acceptable fib targets and with MACD giving reversal readings. Will this Ending Diagonal play out, IDK, but initial structure says it is the most...

CuzDelux Updated 

And I assume that is true, because otherwise, DXY would be trading much lower. Whomever(s) are responsible for one of the nastiest price corrections I have seen are undoubtedly ready to throw in the towel, after wiping the paint off their faces, because deep down they know, they will have to deliver the dollars. Unfortunately, unless they are in that process as...

CuzDelux

This is a post I have been meaning to do for a while, and now seems like the right time. If any of you wavers out there are having trouble discerning even a diagonal out of this junk, this is my real theory and my actual count on the S&P index, futures, and SPY. I posted this picture a in a couple of rooms on discord, and figured, hey, why not publish. Here is...

CuzDelux Updated 

I have done a lot of DXY posts, and if you read many of them, you have read my historic observations that Risk (Indices, Equities, etc) typically tops on a DXY wave 2. Not typically the Primary, but often the Minor, or even Minute waves 2...since a deep wave 2 can be confusing as heck to anyone who believes sniffing the dollar out is essential to successful risk...

CuzDelux Updated 

Little trade idea. Seems like with the messy price action we have seen over the past couple of days, Equities might be reprimanded with one more trip down below to clarify for participants, does the market want a real rally, or just pump and chop dump fest. Irregularities dominated the price action in many assets I track this past week, but really, NQ has...