GC-3-25-19

Gold should stretch to 1,326-1,328 to confirm its bullish intentions In my previous update on gold posted on 13 March 2019 I wrote: “we should expect a rally in wave A of 5 targeting the previous 1,349 top of the wave 3 up made on 19 February 2019.” Since then Read more…

RUT-3-22-19

Russell has to catch up with Nasdaq and S&P RUT has the very same count as Nasdaq Composite and S&P. For all three indices the current rally started in Dec 2018 should be counted as an impulsive move up in a large wave ( A ) of ( 5 ). This current Read more…

SPX-3-21-19

S&P – needs one micro push higher to top in wave ( iii ) up S&P has the very same count as Nasdaq Composite. For both indices the current rally started in Dec 2018 should be counted as an impulsive move up in a large wave ( A ) of Read more…

SMH-3-20-19

SMH – may need another rally to a new high after this pullback SMH has been nicely following the legacy five wave up fractal since December 2018. The top at 106.27 reached on 25 Feb 2019 looks like a top of wave ( iii ) up. And the following decline Read more…

ES-3-13-19

ES – close to complete the rally started last Friday Yesterday a member of my private educational chat suggested we short ES. I pointed out to an 10 min chart of ES (see below a chart I posted in my chat room) and wrote: “the problem with ES its topping Read more…

W-2-27-19

W – looks having topped in wave A of 5 Wayfair Inc operates as an online store for the home good products in the United States. It offers a range of furniture, décor, decorative accent, housewares, seasonal décor, and other home good products. It’s a horrible business because on average Read more…

SHAK-2-4-19

SHAK – may rally to $60 – 63 The structure of the rally started at the lows of 2016 looks impulsive. As long as SHACK holds December 2018 lows it looks good for a start of a rally in wave ( 5 ) up targeting a new all time high. Read more…

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