Technical analysis of VIX. This analysis has price spike above 69, assuming equities roll over towards their October 2022 lows. Valid as long as price remains above 18.34.
Technical analysis for NVDA. Price never tagged median lines of either bullish pitchfork drawn, implying price should be pulled down towards 100.95 and 90.69. If correct, would be in line with a C wave to complete a primary wave 4 expanded flat.
Technical analysis of USOIL (CL1!). Bullish (green) and bearish (red) counts for USOIL. Price likely to rise towards resistance at 94.99, with median line of pitchfork as target. Bulls see EW count in a wave 3, with price to challenge 2022 highs and keep 94.99 as support once it breaks as resistance. Bears see a wave c in progress, to complete a zigzag X in...
Technical analysis for NIFTY 50 Index. This count has price in price in wave c of Primary wave 4. The a and b wave of the zigzag may need to be adjusted, depending on how price moves down to target, which is the 15000-17000 area. Price never tagged the median line of the bullish pitchfork, did its best to stay above its bullish Hagopian line. As price continues...
Technical analysis of ETHUSD. Bearish count sees large regular flat from ATH, pitchfork drawn from ATH, A, and B. C wave would be in its wave 3, with target ~2000. Wave 2 was a zigzag with Elliott Triangle wave b. Wave c of 2 tagged .618 fib drawn from B at 4104.56 to end of wave 1 of C. Smaller pitchfork drawn from B, 1, and 2; convergence with larger...
Another look at NAS100. I added another pitchfork and Hagopian line, drawn off bearish pivots after 16 December 2024 ATH. The Hagopian line held resistance at wave ii. As long as it continues to hold as resistance, the red median line is the bearish target. Failure of the bullish pitchforks to hit their median line targets suggests price reversal. Two bearish...
Technical analysis for NAS100 (NDX). Price shown from 5 August 2024 low. This count sees price as an ending diagonal from 5 August 2024 low, with a truncated fifth wave finishing at 22084.70. Completed impulse wave from 22084.70 to 20710.70 (first green ellipse). Regular flat completed at 21654.70, with impulsive price action afterwards (second green ellipse)...
Technical analysis for XAGUSD. Bearish count is looking for a C wave to take price back towards 17.54. If median line (red line) of pitchfork can't be tagged, lower prices remain likely.
Technical analysis for US10Y. Bearish on long-term bonds, this analysis has yields continuing to go up. Displayed count has A wave beginning off 9 March 2020 low, completed 23 October 2023. B wave as completed zigzag to September 17 2024 low. C wave count in wave 3 of 3, with targets of 5.337% and 5.592%. This count shows C wave completing at top of pitchfork...
Long-term analysis of DXY. Bullish count sees double-combo of March 2008 low, W is a regular flat, X is a zigzag, Y would be a zigzag with target of ~128 and median line of pitchfork to complete wave C of Y. This move would likely see US10Y targeting 8% in a long-term bond long-squeeze.
Bearish counts for US30 (DJI). This count has impulsive price action from ATH of 45105.1 to pivot low of 42008.0. Corrective price action off 42008.0 low, looks like a regular flat with wave (C) in progress. Wave (C) would either complete a wave ((B)) or wave ((2)).
Two bearish counts for ETHUSD. This technical analysis sees price action from 4104.56 to 3098.95 as a completed impulse wave. .5 and .618 fibs drawn/projected from high pivot of 4104.56 to low pivot of 3098.95. Corrective price action off 3098.95 low to present time, counted as zigzag with Elliott Triangle wave (B). Less bearish count has larger zigzag...
Chart comparing supercycle structures of SPX, RUT, and DJT. Supercycle starts October 1974. Wave 1 peaks are in 2007-2008, wave 2's are zigzags that end in March 2009. Wave 3 terminates in November 2021 for RUT and DJT,ithe latter of which has a blow-off top. SPX wave 3 terminates in January 2022. Wave 4 assumes all three indices are forming flats. SPX and RUT...
Proposed technical/fundamental analysis for US10Y/DXY/US500/VIX. Bank unrealized losses on available-for-sale and held to maturity securities was $364 billion in Q3 2024; this number will continue to increase as long-term treasure rates increase (www.fdic.gov). US10Y yield chart looks for yield to go higher, north of 5%. If treasury rates continue to increase,...
Technical analysis for XAUUSD. This Elliott Wave count has price in wave (iv) of primary wave V. Wave (ii) was a long regular flat, wave (iv) in this case would be a relatively short zigzag, with the c wave in progress. Would look for the c to end below 2400 but above 2075.135. I would expect wave (v) of V would be quite extended, terminating >4000.
Technical analysis of the Nasdaq, comparing futures and NDX. Charts show essentially the same thing. Completed impulse waves, red median lines being tapped signaling tops.
Technical analysis of US30. Cleaned Elliott Wave count off chart. Pitchfork drawn from major pivots over the last 5 years (March 2020 low to January 2022 high to October 2022 low. If price cannot tag the median line (red line) of the pitchfork, there is a high probability that price will return to the last pivot (green ellipse). At present, tagging the median...
Technical analysis for US10Y, bearish count. Bearish reaction to interest rate cut. Looking for long-squeeze, banks in trouble (>$700 billion in unrealized losses) without bailout. Speculation at present, but could be catalyst for quick drop in equities to October 2022 lows.