Author: Patrick Eugster
Wednesday, March 26, 2014
USD/JPY ~ 26 March 2014
The USD/JPY has been trading around 102 for the last few weeks. A break below 101.2ish should lead to a sell-off to 100ish. If we rally above 102.7ish, we should see 104ish next.
Author: Patrick Eugster
Author: Patrick Eugster
Tuesday, March 25, 2014
S&P 500 ~ EOD ~ 25 March 2014
The SPX is still between 1845 and 1880:
As long as 1845ish holds, I continue to have a neutral-bullish bias. If 1880ish breaks, we should see a rally to 1900+.
Author: Patrick Eugster
As long as 1845ish holds, I continue to have a neutral-bullish bias. If 1880ish breaks, we should see a rally to 1900+.
Author: Patrick Eugster
Friday, March 21, 2014
Wednesday, March 19, 2014
ES ~ Globex ~ 19 March 2014
The trend line was broken yesterday:
It looks like we could rally to 1880 over the next few days.
Author: Patrick Eugster
It looks like we could rally to 1880 over the next few days.
Author: Patrick Eugster
Tuesday, March 18, 2014
S&P 500 ~ Elliott Wave Count ~ 18 March 2014
The support at 1845ish was successfully tested once again yesterday. As long as this level holds, the trend is up. Once 1880 is broken, we should be in wave 3 to 1940+.
As mentioned earlier, if the SPX declines below 1845, a sell-off to 1815ish is likely (or even to the lower trend line)
Author: Patrick Eugster
As mentioned earlier, if the SPX declines below 1845, a sell-off to 1815ish is likely (or even to the lower trend line)
Author: Patrick Eugster
ES ~ Globex ~ 18 March 2014
The futures rallied overnight and are now back at the declining trend line:
If we get a convincing break above 1860ish, we should see new highs soon.
Author: Patrick Eugster
If we get a convincing break above 1860ish, we should see new highs soon.
Author: Patrick Eugster
Friday, March 14, 2014
Thursday, March 13, 2014
S&P 500 ~ EOD ~ 13 March 2014
We are back at the support at 1845ish:
If we decline below it, a sell-off to 1815ish is likely.
Author: Patrick Eugster
If we decline below it, a sell-off to 1815ish is likely.
Author: Patrick Eugster
Wednesday, March 12, 2014
S&P 500 ~ Elliott Wave Count ~ 12 March 2014
So far the count doesn't look too bad:
If 1880ish breaks, wave [iii] should be underway (possible target: 1930ish).
Author: Patrick Eugster
If 1880ish breaks, wave [iii] should be underway (possible target: 1930ish).
Author: Patrick Eugster
Tuesday, March 11, 2014
Friday, March 7, 2014
Thursday, March 6, 2014
Wednesday, March 5, 2014
ES ~ Intraday ~ 5 March 2014
1840ish was successfully tested and it looks like we can now go higher. As long as this level holds, the trend is certainly up:
Author: Patrick Eugster
Author: Patrick Eugster
Tuesday, March 4, 2014
S&P 500 ~ Elliott Wave Count ~ 4 March 2014
I haven't posted any short-term counts lately because there were just too many options. Last Wednesday I posted two possibilities in the comment section. Today, one of them looks really good:
I think that the SPX is now in wave 3 of (5). Wave 3 should target at least 1950ish. I'm still a bit skeptical about it though because there are many resistances between 1880 and 1900.
Author: Patrick Eugster
I think that the SPX is now in wave 3 of (5). Wave 3 should target at least 1950ish. I'm still a bit skeptical about it though because there are many resistances between 1880 and 1900.
Author: Patrick Eugster
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