Sunday update

Hope be home this week. In rehab … Thank you all for your best wishes … And Merry Christmas

About tony caldaro

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456 Responses to Sunday update

  1. 123 abc says:


    Price action suggests the cryptocurrency bubble ended at the 17 Dec 2017 highs, and a bear market is now underway.

    A ‘return to normal’ b-wave bounce currently appears to be in progress which ought to retrace 61.8% to 78.6% of the decline —which is 17150 on average based on Bitfinex prices.

  2. 123 abc says:


    Bullish count (first & second charts): Minute-v→Micro-3 is underway in the form of either:

    a. (first chart): Micro-3→Nano-iii subdividing into Pico waves; or,

    b. (second chart): Micro-3→Nano-iv underway. Once Nano-iv completes, maximum upside for Nano-v is 43 points —any further and this count is eliminated since Nano-iii cannot be the shortest. Also, since Nano-iv cannot overlap Nano-i, this scenario is also eliminated if 2672 is overlapped to the downside.

    Bearish count (third chart): Minute-v Ending Diagonal completed at 2695, or is still underway. Upside beyond 2699 eliminates this count.

    In summary, bullish scenarios in favour unless 2652 is taken out.

  3. lunker1 says:

    If the comments section locks up again you guys can come chat here until Tony is back.

  4. phil1247 says:

    just got back and saw CL hit target to the penny at 58.50
    but did not go thru
    now at 58.36
    selling all uwt now…. too close to BRICK wall to hold
    if it goes thru next week i will get back in
    …….. good luck

  5. fotis2 says:

    Nice move from Gold was expecting a pullback but it did close above the 20ma last night on BBs so technically next upper BB at 1295 $ on the other hand weekly close bellow 20 ma retest of lows 91,3 seems the move for next week/s.Fascinating Market.Nice one Learned

  6. kingfrogcash says:

    $GBTC green as of now anyway

  7. lunker1 says:

    SPX guessing more downside RSI5 is lower today at 2678 then yesterday’s 2676. Sort of the opposite of positive divergence

  8. fionamargaret says:

    JNUG…just had a breakout…
    ERX…about 13 upside
    UGLD, DBC..both lots of upside…

  9. Merry Christmas to all and best wishes for Tony and his family. Just covered my CME short in BTC futures which was a rare opportunity though nerve racking because of the wild swings. Should BTC continue lower, I think the next stop would be 9829. When the market is at an interesting level, keep a tight leash (300 pts) on it and if you are stopped out take the next trade, in this case short, at a daily level. I did this several times.The volatility is breath taking and I’m not sure I would take another BTC trade.

  10. cj32 says:

    Cr. to CBZ

  11. jobjas says:

    BTC may drop to 6000 !

  12. lunker1 says:

    SPX 60min RSI5 now oversold. Counting 4 waves up from 2625 and 4 is an ABC down from 2695 that could be done.

  13. gary61b says:

    Santa rally?

  14. 2 unfilled gaps below…/ES 2282.75 and 2677.25. There is a 50% measured move long at /ES 2678.25. If the charts are really going to trade bullishly for the “near term”…the set up would be, to fill both gaps and than rally to a 2707 profit target. This set-up would not violate the daily long…according to this algorithm, that is.

    Or, /ES could simply rally from here and leave the 2 gaps unfilled. This analysis would be confirms if /ES trades above 2691.70.

    Have to run some errands, happy holidays to all.

  15. phil1247 says:

    Merry Christmas everyone ………….
    see ya tuesday

  16. Richard Glackin says:

    Do those overnight bounces in ES qualify as a bear flag?

  17. torehund says:

    Oil is saw-toothing, looks like a rollover could be imminent.

  18. lunker1 says:

    In 4 days bitcoin cash went from $2K to $4K and back to $1650. It dropped $600 in 20min

  19. lunker1 says:

    Bitcoin now $12,100. down $4000 today and $8000 in a couple days. In 2 minutes it just jumped back to $13,000. Crazy

  20. fotis2 says:

    The media has got you squabbling among st yourselves over unimportant matters.The real questions are:
    Where is my tax money going?
    Why do I have zero say how my tax money is being utilized?
    Why is it being used to ”rehabilitate” hardened criminals and not to help said criminals victims?
    Why do I have to pay income tax in the first place ?The gov, taxes everything else from the food I eat to the gas I use etc.etc
    I’m sure one could add a gazillion other queries about the tax system.
    The ruling powers job is to divide and conquer so throw you a bone to squabble over now and then and they can carry on with their parasitical work incognito.
    They own the Media therefore they own you the World will never be overtaken by robots as they already have 7 billion of those.

    • ewmarkets says:

      This website gives very good information about where your federal taxes go:

      The lion’s share is spent on medicare & health, social security, unemployment & Labor, then military and veterans’ benefits.

      “Why do I have to pay income tax in the first place ?The gov, taxes everything else from the food I eat to the gas I use etc.etc”–sales taxes are collected by your state, which pays for roads and such. Military and veteran’s benefits are not paid for with sales tax; they are paid for with your federal income tax. You have to pay federal income tax otherwise your country would be taken over by North Korea.

    • Fotis are you a Brit? If so, you may find this interesting: The three largest line items ranked by level of spending include pensions, healthcare and, of course, welfare. Together, these budget categories account for around 52% of total spending. I know across much of Europe, Britain and the US its common to provide welfare benefits to immigrants to provide the means to ” settle in” against a backdrop of rampant domestic poverty. Were benefits afforded immigrants capped by time or financial limits, a good liberal lawyer might make a case for this temporary assistance. But when it becomes a lifestyle, its worse than abhorrent and inspires hatred towards said immigrants.

      • fotis2 says:

        Dual citizen South African/Greek grew up and lived most of my life in South Africa currently living in Greece 7years too long.

  21. fionamargaret says:
    Thanks Tom McClellan….I hope this isn’t the one I posted a couple of days ago..!
    Thanks Raymond James

    Love and thanks to Tony…….and well, the same for everybody….keep safe. xx

  22. learnedmylesson25 says:

    BTC at 14,810.Only 14,810 more to go on the downside to reach its true value.

  23. Don Jenver says:

    You guys are good with graphs. Can you tell me if this is bullish or bearish?

    • fenster6 says:

      + 100

      Lets see what intelligent responses you get from the trumpites

    • Richard Glackin says:

      Don’t you find it a bit perplexing when they tell you that greenhouse gasses absorb energy reflected from earth but not from the sun…somehow they find it acceptable that the sun’s energy passes right through those same greenhouse gases and yet they hold in the energy reflected from earth?

      • lcd00 says:

        This is a trading blog, of course, but it’s really hard to read the endless ignorance on here about issues that pre-exist the value of having money. Dear Richard: You repeated multiple times yesterday that you’re a Scientist, with bona fides apparently. I ignored your following comments as I did with all the other drivel regarding empirical data, but you keep coming back. So here is the response to your wisecracker comment above. Hint: it will take a high school science class background to understand it:
        “Energy (light) from the sun passes through the Earth’s atmosphere and is not absorbed by the greenhouse gases (due to its short wavelength). The Earth absorbs this energy and radiates heat energy at a longer wavelength (infrared radiation) back into the atmosphere. The greenhouse gases absorb some of this energy and radiate much of it back towards the surface whilst the rest is radiated out to space. This plays an important role in keeping the Earth’s surface warm and able to sustain life. Without this greenhouse effect the Earth would be much colder and life on this planet would be very different. This effect is called the greenhouse effect, because it acts a bit like a glass greenhouse that traps heat creating a warmer environment inside the greenhouse.” You can research further with your cadre of research assistants if you’d like to learn more, but that’s a starter….

      • fenster6 says:

        I am assuming you are asking in good faith.

        This of it this way Richard.

        The suns radiation hits the earth , some of it warms it, a lot bounces and goes back out into space.
        The greenhouse gases absorb some of the radiation coming in and some coming out and they heat up and give out heat in all directions. The net result is a blanket effect . Trapping heat around the earth. Not huge but enough to net stop some of the heat from going back out into space. Enough to raise the temp of the earth a small amount. We dont know how this will progress. We know that glaciers are shrinking and the poles are shrinking and the oceans are warming and records are being broken, when the ice caps melt, less radiation will be reflected back and less cooling of the earth.

        It could be slow or fast. We have no idea. We have a choice to do what we can to prevent the earth from becoming venus.

        the tobacco industry fought the whole ‘cigarettes cause cancer’ meme for many years causing millions of needless deaths. They bought doctors and researchers who for sale to cast doubt on legitimate research. they basically admitted it 15-20 years ago or when they paid the states huge settlements for medical costs.

        There will always be collusion between Goldman and JP Morgan and the crooks on Wall Street. There is no collusion between NASA and the EPA and thousands of academics and Universities who are monitoring this. NASA has no axe to grind. They produce huge amounts of greenhouse gasses with their space programs.

        The doubters are the Cigarette deniers of the 1950-1960’s.

        Have a good evening

        • Richard Glackin says:

          Thanks fenster6. And yes, I was sincerely interested in what kind of answers I might get. I appreciate your response, well done. Also thanks for keeping this topic outside of market hours.

        • hohoho598 says:

          Of course the ultimate question is…how much of this effect is due to human involvement, someone give me an actual percentage number that somebody has actual data that can back it up? Anyone please?

        • hohoho598 says:

          Also what are they going to do with all the money they want to collect in carbon taxes? Let me guess giant vacuum cleaners that will recycle and purify the earth’s atmosphere.

    • jobjas says:

      A casual EW look of that land-ocean temp chart looks as ready for a wave 4 (38%) drop – nothing gooes up forevever ,they all follow cycles

      • fionamargaret says:

        You sound like my Dad (physicist), with a penchant for AstroPhysics….who believes in cycles (when he is not trying to disprove accepted theories)…probably writing “A Briefer History of Time”….
        I hope you have a lovely Christmas Jobjas. x

        • jobjas says:

          fortunately or unfortunately all I see is EW when I look at any chart.
          Merry Christmas to you & to all on this blog and especially to our host Tony .
          Continue to remain a blessing ,Tony.

          • chrisk44342 says:

            Yes, as my old teacher used to say to me ‘you have elliott wave on the brain’. He was an ardant fan of EW but also realized the perils of relying on it too heavily. It took me a couple of years to unlearn what I had ‘learned’.

    • purplember says:

      HA nasa has been taken over by liberals. it’s been proven that the data they pull is tainted. Global warming oh wait there wasn’t enough warming so let’s change name to CLIMATE CHANGE is biggest hoax in our lifetime. it’s politicians power grab wake the f up

  24. phil1247 says:

    i wish you and your family a blessed Christmas…
    you remain in my prayers daily
    and i have faith that you will be returned to good health


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