Cincinnatuus

Cincinnatuus Updated 

The future USOIL, symbol CL, is in a Bear Market with price trading below the 50 ema, which is below the 200 ema, which is below the 800 week ema. The long term emas are mostly flat, indicative of an accumulation / distribution zone. Price has closed below the 13 ema at 54.24 on the weekly, with Last week a long red bodied candle confirming the sell-off. Price...

Cincinnatuus Updated 

The S&P 500 is in a long-term Bull Market with price trading above the 50 and 200 and 800 week emas. The 50 week ema is up trending with the market putting in a red candle last week, forming a Harami, which is an indicator of a potential reversal. The market traded away from the upper Bollinger band and is headed back towards the median which is at 3180. Price...

Cincinnatuus Updated 

Gold is in a long-term Bull Market with price trading above the 50 week ema, which is above the 200 and 800 week emas. The long term emas are currently still trending up, despite price action correcting over the last several weeks. The weekly candles show no indication of a top here. Price would have to drop all the way down to close below 1517 in order to be...

Cincinnatuus Updated 

The S&P 500 is in a long-term Bull Market with price trading above the 50 and 200 and 800 week emas. The 50 week ema is up trending with the market putting in a another long green candle last week to trade through the upper Bollinger band. Price would have to drop all the way down to close below 3176 before we would consider the market to be correcting, and the...

Cincinnatuus

The future USOIL, symbol CL, is in a Bear Market with price trading above the 50 ema, which is below the 200 ema, which is below the 800 week ema. The long term emas are mostly flat, indicative of an accumulation / distribution zone. Price has closed below the 13 ema at 58.85 on the weekly, so therefore, the Bear Market Rally can be considered over. Last week...

Cincinnatuus Updated 

The S&P 500 is in a long-term Bull Market with price trading above the 50 and 200 and 800 week emas. The 50 week ema is up trending with the market putting in a long green candle to cancel out the prior weeks doji. Price would have to drop all the way down to close below 3151 before we would consider the market to be correcting, and the median price on the weekly...

Cincinnatuus

Gold is in a long-term Bull Market with price trading above the 50 week ema, which is above the 200 and 800 week emas. The long term emas are currently still trending up, despite price action correcting over the last couple of weeks. Last week was a spinning top, which corresponds with the sideways correction we experienced, and invalidates the shooting star from...

Cincinnatuus Updated 

Gold is in a long-term Bull Market with price trading above the 50 week ema, which is above the 200 and 800 week emas. The long term emas are currently still trending up, despite price action correcting over the last week. As geopolitics with Iran has settled down price has corrected back down. Price would have to drop all the way down to 1500 in order to be...

Cincinnatuus Updated 

The S&P 500 is in long-term Bull Market with price trading above the 50 and 200 and 800 week emas. The 50 week ema is currently up trending, but price finally pulled off the upper Bollinger Band last week and put in a doji, showing some equilibrium between buyers and sellers. Price would have to drop all the way down to 3133 before we would consider the market to...

Cincinnatuus Updated 

The USOIL, symbol CL, is in a Bear Market Rally with price trading above the 50 ema, which is below the 200 ema, which is below the 800 week ema. The 50 week ema is currently slightly up trending, but by and large the long term emas are mostly flat. This implies an accumulation/distribution zone. The intermediate term Elliott Wave implies a rally above 66.58 to...

Cincinnatuus

The future USOIL, symbol CL, is in a Bear Market Rally with price trading above the 50 ema, which is below the 200 ema, which is below the 800 week ema. The 50 week ema is currently slightly up trending, but by and large the long term emas are mostly flat. This implies an accumulation/distribution zone. Price would have to close below the 13 ema at 58.86 on the...

Cincinnatuus

Gold is in a long-term Bull Market with price trading above the 50 week ema, which is above the 200 and 800 week emas. The 50 week ema is currently trending up, with price action pretty over extended, increasing the likelihood of a pull back. A lot of this recent strength is the result of geopolitics with Iran and the assassination of a General who was leading...

Cincinnatuus

The SOY BEAN OIL, symbol ZL, is in a Bear Market Rally with price trading above the 50 week ema, but the 50 ema below the 200 and 800 week emas. The 50 and 200 emas are starting to turn up, so price is starting to come out of accumulation / distribution. The price action appears to be finishing up the c-wave of a c-wave up, within a multi-year x-wave. This last...

Cincinnatuus

The SOYBNUSD, symbol ZS, is in a Bear Market Rally within a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the c-wave of an x-wave before a final y-wave down. The long upwards candle wicks,...

Cincinnatuus

The WHEATUSD, symbol ZW, is in a rally within a Bear Market with price trading above the 50 week ema and the 200 ema, but below the 800 week ema. The the long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the e-wave of a b-wave which should resolve in a c-wave down into late Spring. There is a...

Cincinnatuus

The CORNUSD, symbol ZC, is in a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The the long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the b-wave of a final y-wave down. This would correspond with a long-term commodities bottom expected in...

Cincinnatuus

Copper, symbol, HG, price action is giving us an early warning of a Bear Market with price trading above the 50 week ema, which is below both the 200 and 800 week emas, with the 200 still above the 800. Price is currently above the 9/13/30/50 week emas, so it currently is in a rally, but the long term emas are mostly flat, telling us we are in a...

Cincinnatuus

The RBOB Gasoline is in a Bear Market Rally with price trading above the 50 ema, which is below the 200 ema, which is below the 800 week ema. The 50 week ema is currently slightly up trending, but by and large the long term emas are mostly flat. This implies an accumulation/distribution zone. The intermediate term Elliott Wave requires a rally above 1.7785 to...