238 replies to this topic

[Snippit]

USD/ZAR 

Driven further by the US Dollar weakness the Intermediate wave (4) now provides an improved picture for assuming its completion.

 

https://jsecharts.bl.../05/usdzar.html

 

 

rursus circa

 

[Snippit]

S&P 500 Futures Index

No matter which way the S&P 500 futures chart is seen, a correction is required. The Fed will need to master the art of mass hypnosis in order to deceive everyone into seeing something otherwise.

https://wavecount.bl...ures-index.html

 

 

latronum ubique

 

 

 

[Snippit]

USD/ZAR w/update

Taking one higher order whilst holding onto the impulsive pattern sees the progress of Primary wave [3] and the highly probable completion of Intermediate wave (4).  

 

https://jsecharts.bl.../05/usdzar.html

 

periit libertatem

 

 

[Snippit]

USD/ZAR

Update 22nd May:

Nothing to see here. Move along and absorb your daily indoctrination like good little guinea pigs.

 

 

Confitebor princeps

 

How Fear, Groupthink Drove Unnecessary Global Lockdowns

 

 

 

[Snippit]

USD/ZAR w/update

Update 19th May:

This Rand/USD chart shows that Minor wave 4 has developed a symmetrical triangle. Now it arrives at resistance point -5- where it may bounce or breach, depending on the behavior of the US Dollar index. See: https://jsecharts.bl.../04/usdzar.html

 

 

manus tuas lava

 

 

 

[Snippit]

JSE, Anglo American, AGL

This Cycle for resources is a long term bull trend with a Primary wave [1] of  4 years duration and  Primary wave [2] or Intermediate (A) that has (so far) taken only 2 months to retrace [1] by some 60%. Having bounced energetically to a 61.8% retrace of [2] or (A) it appears that the assignment of ( B ) at the turn is with better probability.

 

https://jsecharts.bl...erican-agl.html

 

 

libertatem de pretio

 

[Snippit]

USD/ZAR w/update

Another View - 24th April:

This weekly chart looks at the bigger picture. The extent of the Rand devaluation concurs with the anticipated 3rd wave action. The assignment of Cycles I and II is made. The assignment of Primary waves within Cycle III has issue with lack of alternation between 2nd and 4th along with the 4th entering the 1st. The 4th Primary is thereby taken as a mid-3rd wave transition into extension and is labelled [3]' and [4]'. 

The pitchfork is deployed and finds a target for [3] at 2.62 of the vertical move of Primary [1] from [2] at about a month away. The [3]'-[4]' wave is mid-point of this projected Primary [3]. 

 

The recent small bounce is seen as the incomplete Minor wave 4 action where a 3rd leg to 17.77 is indicated.  

 

https://jsecharts.bl.../04/usdzar.html

 

 

pane et aqua

 

 

 

 

The purpose of sharing this is to encourage broader interest with the application of the Elliott Wave theory. 

The standard version of the theory applies.

Edited by Snippit, 27 April 2020 - 11:07 AM.

[Snippit]

WTI Crude performs by painting steps in Fibonacci ratios in order to demonstrate just how crazy things can actually be. The record low is somewhat ominous too. 

 

https://wavecount.bl...oing-cheap.html

 

 

Meum est enim regnum dei sapientia margarita

 

 

[Snippit]

The S&P 500 futures index arrives at the equal legs target with good form and a turning point indication.

 

 

https://wavecount.bl...ures-index.html

 

 

ecce quo tu properas

 

[Snippit]

USD/ZAR

This daily chart for the Rand-US Dollar rate presently sees Primary wave [3] in full swing. The projection is an exercise with some common and less common Fib ratios. 

https://jsecharts.bl.../04/usdzar.html

 

 

Ubi mihi vinum

Edited by Snippit, 06 April 2020 - 01:13 PM.

[Snippit]

Silver XAG/USD

This weekly chart indicates the price action since 1983 for spot silver. The recent price drop has extended the Supercycle (II) correction thereby moving the location of C from C'. Now the channel support and divergence are prospective bottom markers. There have been two failed attempts since C' to break out of the grip of this 9 year Supercycle bear trend, so fingers are crossed for third time lucky.

https://wavecount.bl...usd-weekly.html

 

 

Nos nunquam vidi ante hunc

[Snippit]

S&P 500 Index

 

The daily RSI on the S&P 500 index favors some further price levitation.  The typical target for Primary [A] from a 50% retrace is shown.

 

https://wavecount.bl...-500-index.html

 

 

S&P 500 Futures Index

 

Below is a 4 hourly chart for the S&P 500 futures index where a typical projection for ( B ) of a 61.8% retrace is shown

 

 

 

fac spatium

 

[Snippit]

S&P 500 Index (futures)

This 4 hourly chart of the S&P500 Index (futures) sees Primary wave [A] completed via an elegant 5-leg pattern which portends a classic 5-3-5 agenda.

https://wavecount.bl...ex-futures.html

 

 

 

[Snippit]

JSE, Satrix Resources Index (ETF), STXRES

Before going for the total collapse view with this update it is logical to accept that Primary wave [1] has completed and that Primary wave [2] is nearing its prospective extremity.

https://jsecharts.bl...etf-stxres.html

 

 

amissa est in translatione

[Snippit]

US Dollar Index, DXY

This daily chart for DXY shows that global liquidation pressures were impacting dollar strength. The improvement is indicative of massive interventions by the FED aimed at overpowering these pressures. The indicator advises that the pressures will continue to have their wicked way. The bigger picture sees the top of a Primary degree bear market correction.

 

https://wavecount.bl...-index-dxy.html

 

 

vinum effundam super me

 

 

 

 

[Snippit]

 JSE, Satrix Resources ETF

Now the action brings this greatly improved clarity whereby this review of the entire bull cycle since 2016 sees that Primary wave [3] was complex in extension with a 3-3-3 pattern that is seen to be composed as 5-3-5 -3- 5-3-5. There is potential for the bottom to be in here.   

 

https://jsecharts.bl...ources-etf.html

 

 

 

novam rem

 

[Snippit]

Dow Jones Industrial Average

 

The Dow has technical support. 

The Fed has been here before but with less resistance.

The futures bay for more blood.

https://wavecount.bl...al-average.html

 

 

 

 

 

 

[Snippit]

WTI/USD Crude Oil

Crude is in a bull cycle. Primary [2] is completing.

 

https://jsecharts.bl...-crude-oil.html

 

 

lubricam supellectilem

 

 

 

[Snippit]

JSE, Impala, IMP (Updated)

 

https://jsecharts.bl...impala-imp.html

 

From the daily chart Impala saw an extended correction Cycle before commencing with Primary wave [1] where it has been busy for the past 18 months.

 

The hourly chart shows that Intermediate wave (5) has probably ended Primary wave [1] suddenly and with some volatility at approx 80% of the price action of Intermediate wave (1). Primary wave [2] is thereby seen as being underway with a typical target of (4) which can easily be exceeded to the downside in the current climate of increasing uncertainty.

 

 

et discere respicere

 

 

 

 

 

 

 

 

 

[Snippit]

S&P 500 Index & The Black Swan

In the real world the good news of more Fed to overpower the bad news of the pandemic held water until the realization that an incessant wall of regulation earnings warnings along with a fearful prognosis of no stopping the spread of infection and re-infection have brought a momentary hiatus.   

https://wavecount.bl...black-swan.html

 

 

Meanwhile in chartland we still see our black swan as it struggles with lack of oxygen at this altitude and makes a final honk before inevitably plunging back to ground zero where a less onerous environment for mere cygnus niger awaits complete with endless virginal companions for eternal company or until duty calls once more.