The Bitcoin Micro 3 chart invalidated today on several exchanges. This allows me to adjust the next interaction of the count. A double zigzag was the old count and this new labeling has changed to a single zigzag that is simple and clean. BTC Bearish Micro Count Invalidated by BossWizard on TradingView.com … [Read more...] about Bitcoin Bearish Micro 3 Count Invalidates
The DXY Begins Wave 2 Decline
The US Dollar Index has rallied impulsively for 12 consecutive weeks and appears to finally have begun a second wave retracement. After the dollar broke out of a channel containing the impulse, I can then go back and Count the structure. The most probable count is an impulse containing both a third annd fifth wave extension. Expect the index to resume a corrective decline into … [Read more...] about The DXY Begins Wave 2 Decline
S&P 500 Futures Bullish Invalidation
The S&P 500 index gapped open today and in the process invalidated a zigzag correction. Probability now greatly favors that the structure is the beginnings of an extended impulsive decline to fresh new lows for the cycle. Bear in mind, this is a futures chart. The purple line is a contract break, while it appears that wave 2 exceeded the start of wave 1 in the now invalid C … [Read more...] about S&P 500 Futures Bullish Invalidation
Small Caps Lead the Way.
Today, the Russell 2000 index officially broke the intermediate wave 1 low therefore cementing a 3rd wave into legacy. I've been posting bearish post after bearish post for quite some time now. I don't want any false impressions. I am not a bear. I am a realist. The only thing I can report is what the chart tells me. I have no allegiances. Not only did small caps break … [Read more...] about Small Caps Lead the Way.
October 20th Live Stream
There has been some confusion in the chat about the difference between analysis vs entries. In line with the lesson about analyzing the market, we can't too deep into the weeds of analysis that there is no way out. Eventually, you find yourself more confused than where you started. Keep it simple. first iteration count. If there is a CLEAR second iteration to change your mind, … [Read more...] about October 20th Live Stream