Ewj: elliott wave

All indices at Trendline resistances and some at resistance levels.
SPX and TRAN at MA(50) resistance.
INDU and SPX 3-wave UP may be Wave 2.a-.b-.c.
Wave 3 may begin soon.

 

get long while you still can

 

MACD's and RSI's BUY Signals, marked but not comment in quote,
are profitable.

 

Weekly MACD and RSI are still weak.
INDU may be forming Head and Shoulders pattern.
SPX, NASDAQ and TRAN may be forming Ascending Wedge.
IF Bond broke support level DOWN, UTIL may too.

 

$USD fell below MA(200), may be forming reverse Head and Shoulders pattern.
$XEU rebounded to 50% - 61.8% retracement.
Crude Oil, Gold and Silver at support trend lines.
If $USD rebounded all others might fall.

 

are you ever going to post a trade ?

 

No. Sorry.

 

$USD fell as classic moving average SELL Signal indicated.
MA(50) is going to cut MA(200) DOWN soon, a Death Cross.
First target for "Big M" pattern = 79.2, next target = 77.2 and 75.2.
Wave 2]c) of Flat Wave 2] may end at 78.4.
If $USD rebounded from here a big reverse Head and Shoulders pattern may be in force.

 

SPX's Ascending Wedge may be last Bearish count.
Third RSI SELL Signal may finally be a true SELL Signal.

 

Crude Oil broke support trend-line and MA(50).
"Big M" patterns targets = #102 and $99/$93.