Emini
Bulls and Bears zone for 12-02-2020ETH session has traded below yesterday's Close which could be that sellers are active.
Any test of ETH High could provide direction for the day.
Level to watch 3644 --- 3646
Reports to watch:
US: Jerome Powell Speaks
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US: Beige Book
2:00 PM ET
Bulls and Bears zone for 12-01-2020Overnight session market has rallied to new ATH that could be reason to be cautious.
Any test of ETH Highs could provide some direction for the day.
Level to watch 3658 --- 3660
Reports to watch:
US:PMI Manufacturing Final
9:45 AM ET
US:ISM Manufacturing Index
10:00 AM ET
US: Construction Spending
10:00 AM ET
US: Jerome Powell Speaks
10:00 AM ET
> Elliot Wave<> 3 of 3 of 3<> Final Wave 4 Complex WXY zigzag >As title suggests, this is an update to previous posts on massive 5 wave move from LOW
We are currently mid way througth the final 4th wave of the concentric unwinding of 4-5-4-5-4-5 which began VDUMPS lows.
See previous post for more detailed snapshot of interior complex structures.
> ElliotWave >< complex 5-3-5 WXY zig-zag (green) >< WaveFour >As title suggests, we are currently mid way through a dragged out complex WXY zig-zag.
This is the final wave 4 of the unwinding 4-5 4-5 4-5 of concentric 1-2 1-2 1-2's that began VDUMP lows.
These unwinding market torrents are remnants of the initial impulse off the VDUMP lows from previous posts. corroborated by the highly complex interior os the beginning of the structure highlighted by the 5 degree complex WXY and the 2 idencical "BAK" WXY wave 2 and 4 in the first of the 5 waves of the Simple ABC zigzag inside.
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Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For more information visit our website and check out our previous signals
Bulls and Bears zone for 11-19-2020After selling off yesterday afternoon, ETH session seems to be trading in a range.
Any test of ETH session High should provide some direction for the day.
Level to watch 3574 --- 3576
Reports to watch:
US: Existing Home Sales
10:00 AM ET
US: Leading Indicators
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 11-17-2020Market has been selling off during overnight session but it is testing yesterday's RTH session low.
As long as Bulls can hold yesterday's Low, we could expect some sort of a rally.
Level to watch 3600 --- 3602
Reports to watch:
US: Business Inventories
10:00 AM ET
US: Housing Market Index
10:00 AM ET
Bulls and Bears zone for 11-13-2020After a sell off late yesterday, market has rallied during ETH session to test Fibonacci 50% level for the week so far.
Any test of ETH High should provide direction for the day.
Level to watch 3569 --- 3571
Reports to watch:
US :Consumer Sentiment
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 11-09-2020Markets are going to open at ATH which might bring sellers out to test levels.
Test of ETH Highs should provide direction for the market.
Usually, it is a good idea to look at the left of the charts for previous levels that might be tested.
Level to watch 3619 --- 3621