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| ES Futures - Daily - Wedge Higher |
...and here's the reason you know why it is happening.
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| US Dollar Index - Daily - Channel |
Any coincidence they have the same start date? Will the potentially on-going third wave reach a 1.618 extension?
Why would anyone pay more for something during a recession than before one? Beats me. Part of the answer is above.
Have a good start to the evening.
TraderJoe
We had a double bottom today on the DXY with daily divergence and we are slightly underneath the monthly channel starting from March 2011. If they save it soon, the reversal will look very bullish on that monthly chart. I know Ira thinks the dollar is going to collapse, but I have my doubts right now. Thanks for your charts, as always
ReplyDeletesomething like this maybe? https://i.imgur.com/rC6gR7r.jpg
DeleteYour ((4)) overlaps your ((1)) and the lengths don't work for a contracting or expanding diagonal.
DeleteAh ok thanks
DeleteEvening Joe Whats in the selloff in the dollar..current stimulus and future ...another possible 3+ trillion, these are very strange times indeed Have a great night Joe and all
ReplyDeleteRegarding the assumed completed diagonal to ((a)), would we not expect ((b)) to at least retrace to (iv) of ((a)), if not further.
ReplyDeleteThanks
Just throwing this out as an idea.
ReplyDeletehttps://imgur.com/6H3jN1q
smaller degree (i) is now longer in time in this count than larger degree ((a))?
Delete2 is now larger degree than ((b)). That's the essence of the count.
ReplyDelete@JG.. regardless of the wave count, the proportions are what they are. I didn't make the waves. I just try to count them. I always try to remember that the alternative for an LD is a triple zigzag. Do you? There are other alternates I am exploring, but none satisfactory yet. I am wondering after this (A) wave, up, if (B) down would correspond to wave 4, up, in the Dollar Index. Hope this helps.
ReplyDeleteUpdate to chart posted last night. (fwiw).
ReplyDeletehttps://imgur.com/VG9sZcx
nice, I'm expecting a backtest as well
DeleteI this an option - https://invst.ly/rpjnj
ReplyDeleteIt is the same like your NDX count. It looks better to me than one big LD.
i dont think anyone who opines in here actually trades for a living...or for any reason
ReplyDeleteYour opinion and $2.95 should get you a caffe latte (tall) at Starbucks. :o)
DeleteJust so we know how much are you invested
ReplyDeleteI did press reply top this message was to him oh and could you let us know your leverage as well?
DeleteWe have exceeded last night's peak.
ReplyDeleteAnd that huge February gap only one more above at 3360
DeleteCPCE may be under 40 tonight.
ReplyDelete$SPX cash default macd diverging negatively on hourly, daily, weekly, and monthly timeframes.
ReplyDeleteAppears daily $SPX cash will close outside of the upper bb.
ReplyDeleteA new post is started for the next day.
ReplyDelete