OK, I still haven't left for my job. Good thing I'm the boss.
I just had to point out the way Price has followed the Kumo.
Still looking for one more wave down. My guess is that the Bottom of the Kumo will bounce the price back up. I don't have any ideas on how far though. But it would be Bullish if we break out of the top of the Kumo.
The Euro looks like it's heading to at least 1.4900 so that makes me feel a bit more confident about this forecast.
Well I have to go play at my real job so I'll leave you with this chart of Fibonacci Ratios.
I caught Elliott playing with his toys again.
This count is a stretch because the larger picture looks more corrective than impulsive, but nobody else has been right lately. Yesterday's triangle looked like money in the bank.
Here's an update to MoneySpy Hourly on the SPX. The previous charts today were the /ES.
Elliott has been sent to his room without his toys.
This first chart is a daily chart with MoneySpy, Stochastic, Awesome Oscillator, MACD, and the DMI/ADX.
This next chart is an hourly chart with MoneySpy, Stochastic, Awesome Oscillator, MACD, and the DMI/ADX.
Below are three Ichimoku Kinko Hyo charts with MoneySpy in order of Weekly, Daily and Hourly.
If you look closely you will see an ascending light gray Andrews Pitchfork. I took a small liberty and placed the lower trend line in a position that made the center line follow the market lows. It's still bit early for me to speculate the limits of a downward pitchfork.
As I write this MoneySpy has bottomed, but that bar is still in transition so it may finish with a hold short signal. Having broken 1097 was significant. Currently the EUR/USD is Bearish and bumping against resistance from the Kumo. This is an hourly chart.
Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.