I count GOOGL as start of wave circle C of iv where wave (1) is done and a pb in wave (2) is in action. Wave (2) is shortable from the 100 zone. A=C rule gives us a target of 60 for the whole wave iv correction. Would be a great long opportunity sometime in 2024-25. Longer-term count will be posted separately.
Moex is in completion of wave 3 of (C) of circle B, expect to see pb in wave 4 to 100-110 zone. Further upside might be sensible to expect unless it breaks 90 level. Wave 5 target is 135-140.
Crude has built the base for a wave (C) to complete circle wave 2. Expect to see a sharp move up to 92-96 zone in Brent. Wouldn't recommend taking longs afterwards.
This is an alt count which fits well fib-wise. Looks like wave (4) is complete, wave 1 and 2 of (5) done as well. Might be a good long from here with SL at 127.2. Ideal target for the whole wave (5) is 165.
Seems like SPX has found the base for another push up to 4400+ zone in wave C of larger B. It may take up to 2 months to complete this structure. I count recent choppy action as wave 1 taking shape of expanding diagonal, it may still do one more spike up before retracement in 2. 3840 should be a stop-loss here.
Looks like a short setup is ready to unfold in NDX into early next year. I expect at least 30% correction to 8500 zone
BAC has similar to MS setup though looks to have started wave 3 of circle wave 1 already. Expect to see circle wave 1 landing somewhere in 15+ zone before a pullback in circle wave 2 sometime in 2026. Bear in mind this is the view on the financial sector, which imo is leading the market and can be used as a benchmark for the US economy. Major stocks (big tech,...
Here is a long-term view on the banking sector in US. I see Feb'22 peak as completion of large B-wave of flat correction, C-wave of which might take couple of decades before it finishes. So far it has printed wave 1 of circle wave 1 and started wave 1 of 3 (tag is not on the chart). Expect to see some downside action until mid-May to complete 5 of 1 of 3, then up...
1-2 setup is in place. wave 3 of C is upcoming. Expect to see at least a 30-33 range for the wave C down.
...targeting 95+ zone, or 1.618x of wave A. if we see shallow wave 1 of C high chance for C=A ext, in this case target is 118. Expect to see strong move from the through to 200-240 zone to complete wave 5.
Here's a bigger picture in BTC. Expect a deep dive to 9-12k area to the lower bound of the channel, then up to the TOP of 95k.
Here is a pathway for a downside action in NVDA. Expect to see final move up to 280+ level to complete wave (B) of circle wave 4. Wave 1 through in early may near 200 zone, wave 2 top sometime in mid-June around 250, wave 3 should land near 120 zone by end of Aug. Whole wave (c) target is 90+ zone be end of the year. See higher TF chart for long term target...
US10Y yield is in completion of C of wave (4), expect to see a strong run up to 6% zone in wave (5) of circle 3 by end of this year.
imho CAT is the best benchmark stock to track cycle throughs ahead. In line with my view of a nearest major bottom sometime in Oct-Nov 2023. Upside should be expected until 2026-2027. Next major bottom is in 2030-2031.
RUT is in 1-2 structure and is ready for a move down in wave 3 of C. It might still try to push up until mid April though I don't expect to see a major move. Whole structure should bottom by mid August in 130+ area.
Baltic Dry Index points to smth ugly in global trade to happen. I count move from 2008 top to 2016 bottom as wave circle A. Move from 2016 trough to 2021 peak as wave circle B. Wave circle C is ahead. Assuming C=A extension the bottom should be expected somewhere in the 140-200 range, almost 80-90% drop from the current levels.
I expect to see two moves down in few subwaves 5. c=a extension points to a 0.7 target sometime by mid-2024. Can be a great long opportunity afterwards.
INTC is in a free fall mode in wave (3) of circle C of larger degree wave iv that started in 2000. I guess we'll see a bunch of 4-5s ahead so wouldn't recommend trading/investing until it drops to 12 zone.