Weekend Update

Tony is going to be absent for a little while. There are some health concerns we are dealing with as some of you may know. For the moment he does not have access to a computer. I will keep you updated throughout the week with any news. Thank you for your patience and all the well wishes.

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404 Responses to Weekend Update

  1. 123 abc says:

    SPX

    Bullish scenario: Micro-3→Nano-ii pullback is currently underway which ought to find support at the 2646 pivot range (-/+ 7 points). At 2648, the pullback would mark a 50% retracement. A deeper pullback to the lower end of the 2646 pivot would fill a gap at 2640. Either way once the pullback finds support, then Micro-3→Nano-iii would start to progress making new all-time highs resuming the Santa rally (first chart).

    Bearish scenario: Intermediate-iii wave topped at 2665, and an Irregular Minute-b wave of Intermediate-iv topped at 2672. If so, Intermediate-iv downtrend ought to be underway heading towards the 2575 pivot. Scenario gains credence once 2625 is taken out. (second chart).


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  2. 123 abc says:

    BITCOIN

    Two speculative scenarios:

    1. (first chart) The bitcoin bubble ended at the 12 Dec 2017 high, and a bear market is underway.

    2. (second chart) Cycle-5→Primary-v is still underway and either completes at:
    a) 18,770 (on Bitfinex) where Primary-v equals Primary-i wave; or,
    b) 31,800 (on Bitfinex) where Primary-v extends, and equals 1.618 times the length of Primary-i through to Primary-iii wave.

    —Taking out the 10 Dec 2017 low would qualify scenario 1.
    —Taking out the 12 Dec 2017 high would qualify scenario 2.

    Next bitcoin update will be when either one of the above scenarios occur.




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  3. jobjas says:

    Spx correction over

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  4. micky says:

    enough for a 4?

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  5. fionamargaret says:

    Oil to 60/62…then a try for 66…UWT
    Gold to 1600….UGLD
    UGAZ
    RUT to outperform…TNA to 96

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    • kvilia says:

      If CL breaks 62-63 area – there is nothing that stands in front of it until it hits 90!!! 60-62 is a no brainer but then either buckle up or a significant swooooosh!
      Damn UVXY – no fear, looks like everybody is waiting to BTFD.

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      • phil1247 says:

        still bearish below 57.80
        it has a lot to prove yet
        still just a daytrade until it closes above the BRICK wall at 59

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    • rabbittrader1 says:

      Disagree re Oil After 61 to 62 WTI crde to drop to $15 per bbl. Buy SCO when crude between 61 and 62 IMHO Rabbit

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  6. fotis2 says:

    Stalling looks like pullback 2620s

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  7. STEPHEN BARTLETT says:

    Can anyone post up the pivots every few days?

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  8. market looks like it did when it dropped to 2605. A sick bull up 80 negative up 35 just bucking all stops before they drop it. I put a stop on my short at where i bought it 30.28. just in case im wrong. my last post for the day so good luck all. I must humble myself even more by golfing. I suck

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  9. micky says:

    hit 2nd vst support line at 2661 ish, as always have to see what happens now

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