All The Same Market All major markets are continuing as one. It’s not a coincidence that you may have noticed downturns in just about everything this past week; it’s because everything is setting up for a final wave and final turn into a major bear market at the end of it. So the thing to… Read More
Market Forecast Overview
Posts reflect the most recent forecast using a combination of cycles forecasting and the Elliott Wave Principle. Posted each Sunday (and sometimes more often).
All trades, patterns, charts, systems, etc., discussed in these articles are for illustrative and educational purposes only and not to be construed as specific advisory recommendations.
Futures, forex, equities, and option trading involves substantial risk, and may not be suitable for everyone. You can lose everything! Trading should only be done with true risk capital. Past performance either actual or hypothetical is not necessarily indicative of future performance.
A Change of Trend It’s still early to call a top, based upon Elliott Wave methodology. However, here are some facts regarding Friday’s action: at 665 points, the DOW had the largest decline since Dec. 1, 2008 more than eight times as many stocks on the NYSE closed down than closed up every single one… Read More
Way Too Much Bull! To be successful in trading, one of your hats has to be a “Contrarian Hat.” When everyone else (the herd) is in a trade and positive it’s going to continue, it’s time for you to look for a trend change. When the movement of an asset (eg – the US Dollar)… Read More
Looking for the Trigger Look no further than the US Dollar. I’ve been maintaining for the last couple of years that once the US Dollar found its low (it’s in a large fourth wave—a corrective wave), that it would mark the top of the US market. As per my graphic above, it seems like this… Read More
Overview of Where We Are I’ve spent a lot of time thinking about all the assets I cover and how they’re all moving to a synchronized turn. Here are my thoughts. Last week, it looked like currency pairs were going to turn early. They seemed to be topping with everything else. In other words, it… Read More
This week, we should see the top of the 500 year bull rally. Sentiment is at 93% bulls, which is rivalling the top of the dotcom bubble. All the assets I cover are at major inflection points. The dollar is about to turn or has turned. Oil is about the top. Gold is headed down… Read More
Update: Jan. 2, 3PM EST Above is the 30 minute chart of the SP500 showing the entire wave up from the final blue fourth (circle). I’ve put circles around the large fourth waves that have been causing me to label this entire wave as corrective (which meant a triangle was likely). It does not look… Read More
The Dilemma in the US Indices The ending diagonal that I’ve been concerned about all this week is crumbling. In ES and SPX, it looks like we’re going to morph into a contracting triangle. I see that happening across most of the major US indices. The ending diagonal has been questionable right from the third… Read More
The End of the Road I can see it from here, but it’s still a little ways off in the distance. Reaching it will be like dropping off a cliff in some respects. The world will never be the same. Relax. We’re not there yet. In fact, we have a few weeks left to go… Read More
It’s that time of year again! Time for a feel-good rally, just in case, you haven’t had enough “feel good!” Happy holidays! Reality lies just under the surface, however. We have one of the most persistent rallies in history that’s coming to an end. We’ve been stalking a short entry for awhile now, but it isn’t… Read More