RAA_Trading

RAA_Trading

If you check our previous post on the SP500 here you'll see we called the top of the B wave in back in July and since then we've moved down in a leading diagonal to complete wave 1 of C, now we're in the middle of a sharp and fast wave 2 and we believe Friday just gone marked the top of the A wave of this wave 2, we're expecting a pretty quick decline for the B...

RAA_Trading Updated 

We don't usually advise trading wave 4's as they can get overly complicated, however upon waiting for what should be the minute wave B we are advising our clients to go long as there is an off chance the minute wave C could be a minor wave 3 if the bottom is in. This is not our primary count though and we believe there is one more intermediate wave down to...

RAA_Trading Updated 

Following on from our alternative account which has now become our primary count we have cleaned up the chart and think we are very close to the top of this B wave, as retail traders and the media are turning bullish on the stock markets we think it's a matter of time before the rug is swept out from under the bulls feet and we come crashing down to our target of...

RAA_Trading

This week is going to be a big one with US CPI and the Fed minutes on Wednesday, in addition to that the likes of JP Morgan and Citigroup are reporting earnings on Friday. We now see our green count as the likeliest outcome with a sharp move down this week and then a rally in May/June going to our ultimate target around 4300. Once we get to this area we will be...

RAA_Trading

We're still anticipating one more low for the Euro against the Dollar. As you can see the move down in the last few weeks has been 5 minute waves down to make a minor wave 1. We moved quite sharply up last week in what looks to be a blowoff top to finish the minor wave 2 and we anticipate a very sharp move down over the coming weeks to complete a minor wave 3...

RAA_Trading Updated 

With the news of SVB about to collapse, the markets started to move into safe havens and the stock markets started moving down. Now the question is, has the move down we've witnessed been the X wave of a larger B wave which should terminate around 4300 (as illustrated in our green count). Or is this the minor wave 1 of intermediate wave 3 which should result in a...

RAA_Trading Updated 

Tracking our wave count for the S&P 500 we could be about to drop hard this week, with CPI reports due out on Tuesday and the Fed due to deliver another hawkish statement on Wednesday we could be entering into the wave 3 of C which will be a very sharp move and will demolish a lot of wealth in a very short space of time. We will move away from the narrative of...

RAA_Trading

Let's get ready for mayhem in the coming weeks, the DAX topped out last week and we're starting to build to the downside. We're expecting a very sharp move downwards and are already short from the turn, but will be looking to add more shorts upon a minor wave 2 retracement. Exciting times lie ahead and we think there's going to be some great opportunites to make...

RAA_Trading Updated 

We have a sell order placed at the $78 mark with a SL at $80.50 and a TP at $65. If we're right this could be an intermediate wave 2 retracement which would leave us heading downwards for intermediate wave 3 which will move very fast. We anticipate the US refilling their SPR when oil gets down to this price point which should start a huge move upwards.

RAA_Trading Updated 

We're coming in to a zone near the $3 mark where we belive it would be prudent to start accumulating long positions in natural gas. Using Elliott Wave anaylsis in conjuction with fundamental analysis we're pretty certain there's a huge upside to natural gas. We're unsure as to whether this will be a wave 3 or a wave C to the upside, but ultimately that doesn't...

RAA_Trading Updated 

The Fed hasn't changed their narrative on getting inflation back to 2% at all costs, because inflation has been dropping the market is trying to front run the fed in anticipating a pivot on interest rates. However as J Powell has said countless times over and over again, the Fed's priority is to restore price stability at all costs. This means they are willing to...

RAA_Trading

We've been tracking this C wave for some time now and it finally looks like we're getting the wave 5 of C which should finish somewhere around the $5 area. Once we reach this price point we will be going long with an ultimate target of $15 which is a HUGE trade.

RAA_Trading

We're looking for one final drop in natural gas prices to complete a wave C for wave 2 before we will start accumulating positions to go long for the next bull run in natural gas. There's an energy crisis that isn't going to disappear anytime soon, there's plenty of fundamental reasons for this huge move we're expecting in wave 3. But in the mean time we're short...

RAA_Trading

We've been tracking a count on US Oil and it looks like the intermediate top is in for wave 1, if that's the case we can set up for a nice short trade for the wave 2 coming down to the 75-80 dollars range. If you do want to make this trade we'd suggest putting your stop at 92 dollars with a take profit at 80 giving a very healthy 1:5 risk to reward opportunity.

RAA_Trading

We've been tracking the DXY in it's final stages of it's wave C of cycle wave 2. We're looking for this to end around the 98 region, we'd advise patience to confirm the end of this wave 2 before shorting the dollar as it could be a trap and the dollar could push a little higher towards 99 if wave 5 is extended. It is our belief that the Fed has either been...

RAA_Trading

We're currently observing what could be the beginnings of a primary wave 1 of a cycle wave 3. As we're already approaching the top of intermediate wave 1 we'd advise sitting on the sidelines for now until confirmation of intermediate wave 2 We're fundamentally bullish on natural gas as among other things we believe the clean energy transition won't go as...

RAA_Trading

We're in wave 3 of wave C so we should move down pretty quickly with a TP around 4300 before then going long aiming for 5000 for the final wave of this cycle

RAA_Trading

We've nearly completed intermediate wave 1, so once we have the retracement for intermediate wave 2 we'll be looking to go short (around 1.14) for intermediate wave 3 with a TP at our goal for primary wave 5 at 1.10