Subscription: Access to Micro Counts of US indices RTY is about to top in wave a of v As we expected, RTY nicely rallied today to retest the previous top made by preceding rally in wave iii up. That is a natural textbook resistance for this rally. Wave a of Read more…
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…
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…
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 – 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 – 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 – 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 – 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…