Controlled Chaos at the Top We’re on the cusp of a trend change. The US Dollar Index looks like it has changed trend (but needs confirmation); however, the EURUSD wave pattern is questionable. None of the other USD currency pairs have turned the corner to create a new trend, but they’re not far away from… 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.
Long Will Be a Bummer This market is exhausted. Gaps are routinely being left open and virtually everything is moving to the beat of the US Dollar. You can also see revolutions starting to break out in countries around the world (Spain, France, Hong Kong, Chile, Ecuador, Haiti, Papua New Guinea, now Iraq, and others)… Read more
The Last Legs There are two legs left to this rally from December 26, 2018 across all the major US indices. The down leg looks to have started on Friday and with the pulling of the Brexit vote on Saturday, we will likely see more downward movement. (the pound has already reacted negatively). This is… Read more
Dollar at the Center This weekend, we’ve reached the top of the D leg of the contracting fourth wave triangle in the SP500. Expect the E leg down next, followed by a final fifth wave up out of the triangle to a new all time high. The larger pattern is an expanded flat, so following… Read more
A Pending Top is Waves Away We’re now into the relatively small moves of a final topping process. The US indices have continued to be difficult to predict with any certainty, although it’s been obvious a triangle pattern of some sort is in the works. I’ve warned that I’ve been early in predicting the ending… Read more
Time is marching on, and so is the market, but we still have a top to get in place. It’s a tedious topping process, but nothing much has changed this week. The turn up on Friday afternoon should take us to a new high. Meanwhile …. Mood is Turning Negative I cringe these days at… Read more
Large Heaps of Patience Required Third waves of ending diagonals almost always grind away at the top before they eventually exceed the target and then turn to the downside. That’s certainly the case here, but what makes this topping process even more frustrating to watch is the fact that major asset classes are slowly lining… Read more
Between a Rock and a Hard Place The central bankers of the world are powerless to stop the deflationary situation which is unfolding. They’ve been trying to turn it around for the past 10 years (ever since 2008), but have been unable to do so. The past few days, treasury yields have been rising, but… Read more
The Elliott Wave Principle Book (a peer review) “Elliott Wave” is a science. The more I work with it, the more I am convinced — and my concentration over the past few years has been in refining the core principles, based upon Elliott’s original work. Understanding of scientific principles evolves over time, as does our… Read more
