294 replies to this topic

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Tencent (Hong Kong)

 

https://el834862649....cent-hong-kong/

 

From this weekly view of the Tencent RSI it appears that the precipitous Cycle wave II has completed already. The typical target of [4] suggests otherwise.

 

 

 

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MTN  - JSE

 

The MTN weekly chart is easy to read. Now approaching Primary wave [2] of Cycle III.

 

https://el834862649....ss.com/mtn-jse/

 

 

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Nasdaq 100

 

https://el834862649....com/nasdaq-100/

 

Despite the US markets defying both logic and technical analysis, it remains traditional to perform attempts of analysis. Here it is seen that Primary wave [5] has produced around a 100% price action in around 15 months. Not often seen for a major index. But with the extensive and ongoing use of previously illegal, zombie-creating buy-backs we are seeing no end to the supporting new order / deepening cesspit. As the completion of Cycle III approaches it is prudent to note that the correction target is the lower end of the lower order 4th wave at [4].

 

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Palladium – Pd/USD

 

https://el834862649....lladium-pd-usd/

 

Weekly Palladium is seen to be busy with the 5th Intermediate wave of the extended Primary wave [3].

 

 

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USD/ZAR

 

https://el834862649....ss.com/usd-zar/

 

Free things today, no things tomorrow. Economic sabotage continues. Wrong choices, wrong path. It is what it is. Now the trend returns probably regardless of any further USD weakness.

 

 

 

Ad quod damnum

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GBP/ZAR

 

https://el834862649....ss.com/gbp-zar/

 

The predicted turning point at IIIy has occurred. The prospect of ongoing weakness is supported by the assessed situation of the commencement of the mid-3rd Cycle extension.

 

 

 

 

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4 Metals

 

https://el834862649....ess.com/metals/

 

Copper, Gold, Silver, Platinum.

This weekly chart shows that since September 2012 copper is the winner and platinum the loser. Platinum is the closest to its pre-lockdown level with copper the most distant.

 

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Platinum - XPT/USD

 

https://el834862649....atinum-xpt-usd/

 

Platinum is in a bull Cycle since March 2020 following a preceding bear Cycle of 9 years duration. The momentum into the recent top at (3)x has taken the monthly RSI to the upper boundary. The RSI of the daily chart, as presented here, along with the support from December 2020 and the noted Fib ratio, indicates that an arresting of the correction that started in February has most probably now occurred. The 3rd wave extensions within the pattern analysis are a product of the momentum strength during this new Cycle birthing phase. (The extensions have transitioning pullbacks in the the middle of the wave pattern) The target for (3) is obtained by adding the price change between (2) and (3)x to (3)y. It appears that we should listen to Neil Froneman when he talks about the prospect of a commodity Supercycle.

 

 

 

 

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XAG/USD - Spot Silver

 

https://el834862649....utures-xag-usd/

 

This daily chart interpretation has a constrained sideways pattern that contains a very bullish count indicating that Primary wave [3] has progressed into its Intermediate wave (3) where Minor wave 3 appears to be primed for launch.

 

 

Aequam servare mentem

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S&P 500

 

https://el834862649....ess.com/sp-500/

 

This daily chart suggests that Cycle V (and thereby the related Supercycle) could have this now remote, elusive, redesigned, manipulated elsewhere, but nonetheless ominous omnipotence. That would be the most overdue delivery of the expectation in all of history since the last ice age.

 

 

Vitam regit fortuna, non sapientia

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GBP/ZAR

 

https://el834862649....ss.com/gbp-zar/

The hourly chart shows the short-term response to the RSI divergence, being a break-out-and-test of the terminal channel of the mid-Cycle transition.

ovum et dicula

 

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GBP/ZAR

 

https://el834862649....ss.com/gbp-zar/

 

 

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GBP/ZAR

 

https://wordpress.co...dpress.com/1116

 

The Rand has been under short term strengthening influences within the long term weakening trend. This weekly view sees the arrival of the turn by virtue of the RSI divergence and the wave count. Maybe the UK Gov will set the people and the economy back to work rather than chase a 'pandemic' that has an average age of death that is just a little higher than the average from all other causes!

 

 

 

 

 

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US Dollar Index – DXY

 

https://el834862649....ar-index-dxy-4/

 

This monthly chart is trying to say something.

 

 

 

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JSE SA Resources Index – J258

 

https://el834862649....ces-index-j258/

 

JSE resources seem to be struggling, so the SA Resources Index is examined. Daily and hourly charts with Elliott wave annotations.

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EUR/USD

 

As the primary constituent of the Dollar Index this currency pair can assist in finding the turning point for the Index. When this pair resumes its uptrend then the USD will resume its weakening and dollar values for traded goods (such as gold) will thereby increase. Indications are clearly suggestive.

 

https://el834862649....ss.com/eur-usd/

 

 

Further reading: 

https://www.investin...-time-200569472

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African Rainbow Minerals - ARI

 

https://el834862649....w-minerals-ari/

 

This weekly chart view of this JSE resources sector player concurs with the hype about analysts expectations. As with most other indices constituents for this sector, the current Cycle commenced in 2016. Primary wave [1] has been difficult to count across the board. This one is seen to be extended and with a 5-3-5 structure. Primary wave [3] has rushed to unexpected strength and paused at the resistance level presented by the peak of Cycle I . The extension of Primary [3] is a given when the furtherance of the Cycle degree impulse structure is contemplated. The transition into the extension can sometimes confound but simple and in keeping with things can also happen.

 

 

 

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15th March

 

S&P 500 Index

 

https://el834862649....sp-500-index-3/

 

 

testis unus, testis nullus

 

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Silver futures – XAG/USD

 

https://el834862649....utures-xag-usd/

 

This daily chart indicates the typical target for Primary wave [3].