Friday, July 31, 2015

S&P Futures Detailed Count


This is just another way to count the wave ((ii)) correction.  Although, the result is still the same as the chart I just posted a few minutes ago.


PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.

S&P Futures 1hr


S&P futures are grinding higher but doing so on declining momentum as seen by the bearish divergence on the RSI.  It's now flirting with the 78% retracement, which is not uncommon for second waves to do, they tend to be sharp and deep affairs.  However, that's the maximum allowable area I'll give it.  The bears will need to wake up and attack this market early next week for this wave count to remain on track.

PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.

Thursday, July 30, 2015

USDJPY 1hr


USDJPY appears to have bottomed and ahead of my expected retracement level and pushed higher.  I'm looking for a target of where wave ((i)) = wave ((iii)) Fibo extension at around 127.07.

PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.

EURUSD Daily


The euro continues to grind lower with lower lows and lower highs and staying under the moving averages. As long as that continues I favor the downside with an initial target of 1.0388.

PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.

Wednesday, July 29, 2015

S&P Futures 1hr


S&P futures pushed up to the projected 61% Fibonacci retracement level and has stalled so far.  Looking for topping and reversal behavior to get short.


PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.

Tuesday, July 28, 2015

S&P Futures 1hr Chart



Just getting a closer look at the S&P futures with a 1hr chart.  There's a fairly clean impulsive decline finishing its 5th wave with bullish RSI divergence for confirmation.  From there we have a clean 3 wave rise.  The rally is very indicative of a wave ((ii)) since 2nd waves tend to be very sharp.  It has also poked above the previous 4th wave, so this correction may be about complete by now.  I'm looking for some reversal action and eventually confirmation with a move below 2061.50.

PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.

EURUSD Daily


The EURUSD has worked lower but has now bounced and is tangled up in the moving averages. I believe it's just a correction that will end soon and give way to my wave (3) target level of 1.0388 which is the 161% extension of wave (1).

PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.