surfingmarket

surfingmarket

Cooper finished initial correction as wave A, and is now in wave B. The B wave is expected to be choppy. Short could be started to build above 2.76. However, if it traded in/above the red box for a extended period of time,short should be covered. There is going to be big risk of impulsive extension.

surfingmarket

AUDNZD has finished wave 3 and is now in wave 4 correction. The pair is very volatile and spiky. Try to pick it up around the green buy box.

surfingmarket

Oil has been hanging around this trend line for so long and it forces me to print out a macro level bear count. The longer it is traded at the current level, the more likely it could fall very sharply.

surfingmarket

It is very likely that the pair is going to have another final spike to finish a minor wave v. The best strategy is to short at the market right now and add more if the wave v comes. Target between higher degree wave iv.

surfingmarket

A pull back at least is coming for copper or commodity in general.

surfingmarket

The unfolding C wave had been extended. It is right now one more push away from completion. The longer term log chart help us understand the price action better. NFP ROoOoOoOCKs!!!!!!

surfingmarket

We just had a fake breakout pending off a monthly trend line, and the move was a impulsive one. There is big chance of a short term bounce from the current level, which I think is the wave 2. By any chance the pair move above this week's high into 78.6% retracement, it is still a sell.

surfingmarket

If the market crash into and then snap back above the red trend line. I consider that as b bullish sign and we could have a massive bullish impulsive move to the upside.

surfingmarket

I posted a BEAR count of EURAUD earlier. This is an updated chart, plus I am posting another BULL alternative count in a different post. All I want to say is that this is huge. Either way, there is massive move going forward UP or DOWN I personally have my money on the downside, but I am ready to take action to reverse it if I saw signs.

surfingmarket

I previously lay out a equity short chart. That trendline had been snap back and now, guess what? The indexes are all very likely in 3 of 3 of 3 now. Any short attempt would be suicide in my opinion. Any small dip is a buy, or straddle strategy using option would be safer.

surfingmarket

Dollar broad weakness is reversing IMO. Here is the gold level to short.

surfingmarket

unless the market snap back above the trend line during US session

surfingmarket

I just lay out the most possible outcome of the unfolding wave 2. Be careful about an overshot towards 1.081 level and be patient.

surfingmarket

The copper is about to grind out a move in attempt to break a decade long trend line zone. Price is supported near term, but the action is going to become more and more choppy.

surfingmarket

Bill Gross talked about 2.6%yield for 10year. While, I am watching this decade long trend line.

surfingmarket

Based on the current wave count, USDJPY is in (v) wave. Since (iii) is shorter than (i), the current (v) wave cannot extends 100% extension of (iii). Therefor the absolute lowest point (v) count finish is 111.931. Otherwise, this wave count is invalid. Even then, the outlook near term is still bearish below the pitchfork structure.

surfingmarket

Given the price action and multi time frame wave analysis, the 115.50 level is going to be a magnetic level and IMO there is going to nasty price action around there. The out look is very bullish once the pair bounce from there.

surfingmarket

The equity market is about to complete a 5 wave rally, with the S&P500 lagging significantly mostly due to the physiological effect of DOW 20000, while the Nasdaq is outperforming, which hints a longer term bullish view on equity IMO. Nevertheless, short is favorable near term.