Last update we gave you this chart, identifying significant technical supports, resistances, and levels. Here is the current view of the same chart. The market has lifted, remaining within the two orange dashed highlighted technicals. No significant changes or moves occurred, this chart remains valid and we continue to watch it. Note the addition of […]
Our previous update (Jan 21/2017) gave a couple of high probability possibilities to watch out for. Our first paragraph said: “An initial break of 2.3 offers potential opportunity for a drop to fill the first gap, with a another potential drop to the next blue s/r zone below”. This is pretty much what occurred. Initially the […]
The potential pattern for ORLY since it started falling off in 2016 appears to be unfolding as an expanding wedge (weekly chart left). The current market is approaching the resistance for the pattern as well as previous highs and these offer potential opportunities when broken or bounced off of. IF we see a break up […]
On the weekly chart (left) we can see a significant rise for FCAU, breaking from a sideways channel mid-2017 and lifting to the end of Jan.2018. This lift created a channel structure and overall we are watching to see if the market continues to lift within the channel, or breaks from it. Note the […]
Last update (2017 10 17) we noted a large expanding wedge pattern bounding the markets lift since 2009 and the increasing potential for extreme volatility. The S&P has since lifted significantly, slightly breaking up through the wedge patterns resistance and touching the next Fibonacci level. After a quick run to new highs the market has […]
In general, the drop we can see from the USDCNY since the start of 2017 has followed along with the fall off in the USD. Keeping an eye on the USD could offer some clues as to what to expect from the USDCNY. A low was reached in Feb 2018; the market bounced and has […]
Back in October 2017 we offered an idea for the USD, indicating the potential for a little more up and then another significant drop. This aligned with our potential Elliott Wave count of wave 4 completing and another drop, wave 5, to go. Here is the chart given at the time: USD next paths to […]
Our recent USD technical update showed a potential for the drop since the beginning of 2017 to come to an end. Several significant technicals can be seen near the current market location and there is a possibility for the USD to find support some time in the near future. Here is a look at a […]
If you have been following any of Gordon’s Macro work then you are aware that there is a disconnect between the current market and reality. One of the many issues associated with this is trying to determine how high the market(s) will go. With respect to the S&P, it is also making new market highs: […]
Long Term View Last update we reviewed a perspective we have been following for a number of years : Of note are the two large ellipses: these are identical, with the ellipse on the right being a copy of the ellipse on the left, shifted over and moved down slightly. Also to note is the […]
