Thank you very much Baron, my thread is back. INDU rebound from wave 4 as expected. Next wave will be 5th sub-wave .5 of 5th sub-wave 5 of Wave 5). Measured move target may be 14800. Note many SELL Signals in RSI. When MACD confirm, there may be some set back to wave 4.
$USD wave count is 5 waves up 3 waves down. Next may be another 5 waves up to 89. Note RSI and MACD BUY Signals. $XEU wave count is 5 waves down 3 waves up. Next may be another 5 waves down to 110. Note RSI and MACD SELL Signals. Gold, Silver and Crude Oil are in very large triangles. If $USD is going up, all three should be going down. Note Gold "Big M" pattern. MACDs and RSIs are bearish. VIX offers no cushion.
Apr 2009's Low may be end of Cycle Wave IV)A or Cycle Wave IV)C. After that may be Wave IV)B or Wave V)I. Three Primary Waves may be III]IV)Ba]-b]-c] or V]I)1]-2]-3]. The third Primary wave is almost equal to the first Primary wave by mathematical scale and comprises of 5 Intermediate waves. The first Intermediate wave and the third Intermediate wave of the third Primary wave are almost equal. The fifth Intermediate wave is almost equal to the third Minor wave of the third Intermediate wave. The fifth sub-wave of the fifth Intermediate wave is a bit shorter than the first sub-wave of the fifth Intermediate wave. At the triple measured move there may be some set back.
A lot of SELL Signals in stock indices. UTIL and TRAN at measured move. INDU, SPX and NASDAQ have some room on the UP side.
$USD 5 waves UP 2 waves DOWN. There may be the third wave DOWN to 82.0 before going UP to 89. $XEU 5 waves DOWN 2 waves UP. There may be the third wave UP to 132 before going DOWN to 110. Gold is going UP. Resistances at $1620, $1632 and $1640. Silver sideway. Resistances at $29.2 and $30.27 Crude Oil 5 waves DOWN versus reverse Head and Shoulders pattern.
I could not agree with you more. My timing strongly indicates that this week will mark a short term top for a while. The drop would be at least 70 to 100 SPX points. The action this past week strongly suggests distribution at the top.
Reverse Head and Shoulders pattern made Crude Oil jump UP to $96.6. Now at measured move. There may be some set back soon. Next resistances may be tops near $98. $USD went DOWN below 82.0 then rebounded to 83.4, may be going UP to measured move. MACD BUY Signal. RSI may go above 70% again. $XEU didn't rebound as expected, but continue to fall below MA(200), may be going DOWN to measured move. MACD SELL Signal. RSI may go below 30% again. Gold could not pass previous high and low and MA(50). Silver fell to $28, may break to new low soon. Wait MACD SELL Signals.
INDU may be going UP to 14,800 but TRAN is showing Head and Shoulders pattern. If INDU falls, "Big M" pattern will be confirmed. Note also "Big M" patterns in SPX and NASDAQ. Note a lot of divergences in MACDs and RSIs.
AUD/USD can not stay above resistance trend-line, may fall to 0.99 as Wave 4]e). If resistance trend-line was broken, AUD/USD might go UP to 1.108 as Wave III3]1)