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BITCOIN … need some energy/thrust to prove low in place
Posted on June 2, 2021 1 Comment
last post on Bitcoin: https://atomic-temporary-44460632.wpcomstaging.com/2021/05/23/bitcoin-so-far-making-sense/ the chart below is the “bearish” short term case … as you can see from the title, right now, we have been making the stair steps of “higher lows” but it’s not a THRUSTING or MOMENTUM move like the one we saw off the low in/around 30K and the geometry/form […]
XLP/NYA – wow what a level
Posted on May 27, 2021 Leave a Comment
wait for a close ABOVE the dashed green line to short stocks. last post on XLP/NYA: https://atomic-temporary-44460632.wpcomstaging.com/2021/05/13/xlp-nya-at-it-again/ we have 6 ratios at the low on the ratio – that SHOULD provide monstrous support … but look at the thrust into the level. begs of caution … so, check out the ratio on Monday and next […]
Loonie at a critical level
Posted on May 26, 2021 Leave a Comment
LOVE the Loonie … as you can see below, IF (the big IF) you can catch a wave this FX pair likes to run .. in either direction. well here comes a wave … at 1 we have the classic AB=CD and, at least for now, it is holding … at 2 we have a […]
US Dollar Index and Euro … come to papa!
Posted on May 23, 2021 1 Comment
here is the EUR vs USD. note, a pretty wide band of target zones and when working w/ FX that’s just too much risk … so, a majority of the USD Index is made of Euro so what is the USD doing and we can use that as a mirror image …man, what a target […]
Bitcoin …so far, making sense
Posted on May 23, 2021 1 Comment
last post on Bitcoin: https://atomic-temporary-44460632.wpcomstaging.com/2021/05/12/bitcoin-update-2/ in the last post we created two target zones w/ the “basic” AB=CD and 1.618AB=CD projection technique. doing some rudimentary wave counts I’m going to call the low as a corrective move being complete but I’m updating my count to show that this is still wave 3 of 5 that […]
XLP/NYA at it again …
Posted on May 13, 2021 1 Comment
the ratio at it again … last post on XLP/ NYA: https://atomic-temporary-44460632.wpcomstaging.com/2021/05/05/xlp-nya-our-favorite-ratio-and-a-twist/ today, the ratio went and smacked right into an hourly pattern SELL (yellow highlight) and a 15 minute butterfly sell (light blue) … when the ratio goes DOWN the market goes UP. pattern hit perfectly and the rally ensued … now, it’s time […]
FUTU updated target
Posted on May 12, 2021 1 Comment
last post on FUTU: https://atomic-temporary-44460632.wpcomstaging.com/2021/03/23/futu/ thesis – markets correct in 3 waves. in this case 1 down 1 up and then 1 down. we are in the 3rd wave down and in Elliott Wave parlance – this is a C wave … target to BUY and, perhaps, start another entire bull run is 72.57
Bitcoin update
Posted on May 12, 2021 1 Comment
last posts on Bitcoin: https://atomic-temporary-44460632.wpcomstaging.com/2021/04/18/bitcoin-update-island-reversal/ today’s “Musk Induced” Sell off certainly smells like a C wave … that supports a zig-zag correction and it certainly smells like we are in a 4th wave correction … targets of low 40’s and, depending on thrust into this level forewarns of a move below into the low 30’s […]
GS Goldman Sachs Target HIT
Posted on May 10, 2021 Leave a Comment
last post on GS: https://atomic-temporary-44460632.wpcomstaging.com/2021/03/17/goldman-sachs/ monthly SELL pattern on Goldman complete. note the thrust into this level .. begs of caution so either WAIT for a daily (<362) or weekly (<350) signal reversal candle to initiate a short OR HERE but out above 377. either way, when you have multiple monthly projections and extensions all […]
