Manzanex

Manzanex

Weekly 1. Historically extreme COT in trade positioning; the trend usually turns in favor of the dollar on trade position changes. 2. MACD has bullish convergence. 3. The 2021 trend line has been touched at the 61.8% Fibo. 4. Possible formation of an ABC wave 4 triangle. The possible next wave will be a 5 and the target level is 175, the extreme target is...

Manzanex

I just see this big triangle in daily chart, IF I'm right the price could go down to the 1.01 or 1 level, this converge with the corrective wave in DXY at my previous post and the intraday wave 3 of C. Check the COT level at this point, just small traders are long vs large and commercial traders. So, in the wrong case, the invalidation is at 1.09 level at my criteria.

Manzanex

This index may go up, the arguments are here: Advantages Uptrend channel Wave 2 (ABC) completed, maybe the market will start a wave 3 of 5 if my count is correct The price exceeds 0.38 fibo since September 2023 and this year Price makes higher highs and lower highs The RSI and Stoch show me oversold on a daily and weekly time frame. If the ECB lowers...

Manzanex Updated 

This is my favorite asset, the uptrend is so solid for my trade and this impulsive could be the 3 of 3 wave The pair create a Leading Diagonal, usually works at the start of impulsive wave. Internal structure are 5-3-5-3-5, then a corrective ABC finished at the 0.38. My small experience give me the target zone of 2.61 of fib retracement (158.5) This analysis match...

Manzanex

What could happen if the DXY breaks the red trend line, thinking something good is unlikely.... The SP500 has not discounted it for a long time, the other currencies would collapse to levels at least their resistances.... the yields I understand that they should go up or maybe go down if there is fear in the market... we will know soon

Manzanex

ES show a huge accumulative divergence with the RSI and the MACD at daily chart, at this moment of FOMO every bearish strategy will be wrong because all the people are betting to the upside move.... Just looking out the market...

Manzanex

ZB is a beautiful asset to be long, price action is up 10 and 20 MA and the simple MACD has a crossover signal below the 0 line, ultra bullish for the bond market!!!

Manzanex

Interesting how the market goes up and the 3-month yield goes down, is anyone afraid??? All short-term MAs are in downtrend...

Manzanex

Could apple hold the trendline or break it, this is a logarithmic trendline.... The trend is your friend until breaks!!

Manzanex

The chart doesn't make lower highs and lower lows since July 23, the stock market doesn't make the inverse since Oct 22, but I think we could reach 111 level.... I think that we are in ABC pattern and from here is a C wave, this count is traced with a uptrend channel. If my view is correct this can begin sooner than I expect.

Manzanex

At this point, nearly 5K is very dangerous to me sell puts or be in long at the SPX or SPY. The big frame of 2 weeks is overbought and sensible overbought like the finals of 2021 and the simple MACD show me a huge divergence in the picture. I not say that the SP500 go to the hell today or tomorrow or any of this days, but the environment doesn´t the best to be in...

Manzanex

Short sniper, the chart complete the full wave count, and actually is overbought ( very obscene ) So short is not a madness operation, because all the market so warm and bullish for everyone. The MACD show me divergences and my favorite triangle with fibo 1.61 is on the table... aprox 4 signals for my posible wrong forecast... jajaja And could be a possible...

Manzanex

The BTC are showing to my eyes a Ending Diagonal, this could be the beginning of a correction in the crypto world. The diagonal are compose for 5 wave and internal correction waves. So, the ending diagonal normally was generate at the ending of 5 wave or C wave to change the market direction. If I'm wrong the invalidate point are 38600 at this chart.

Manzanex

Very impressive rally, the long was a very good trade. Now we have an interesting price on the SPY, the previous support is now a resistance and the bearish trend line since July is at the same level. I see a bearish impulsive wave 5 and I suspect that this rally was a correction, very strong correction, but this week could show us the true face of the market. In...

Manzanex

This asset shows a triangle at Fibo 1.61 and in the last bearish impulsive wave of, so I think this could be the beginning of a correction wave ABC. This level is a historic moment, because the volatility is extremely higher for TLT. I am bullish on TLT, selling puts at the 81 level.

Manzanex Updated 

This guy doesn't want to go down, a possible non correlation from SPX are begining. The ABC wave was completed, and now the huge wave 3 is possible, the GOD CANDLE.

Manzanex Updated 

The yield curve has begun its process of change, making lows higher and highs higher....

Manzanex

This is a continuation of the US20Y idea... The MACD shows a divergency and the RSI and Stoch are oversold. The price is outside of the uptrend and this is a possible double bottom.