To The Moon

S&P 500 E-Mini Futures rallies  in an impulse structure from 10.27.2023 low. Up from there, wave 1 ended at 4607.75 and pullback in wave 2 ended at 4548.75. The Index then extended higher in wave 3 towards 5333.5 as the 1 hour chart below shows. Pullback in wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 5235 and rally in wave ((b)) ended at 5308.50. Index then turned lower in wave ((c)) towards 5191.37 which completed wave 4 in higher degree. The Index has turned higher in wave 5, but it still needs validation by breaking above wave 3 at 5333.5 to rule out a double correction. Up from wave 4, wave (i) ended at 5272.50. Pullback in wave (ii) unfolded as an expanded flat where wave a ended at 5236.5 and wave b ended at 5274.25. Wave c lower

Cycle from 10.23.20223 low in DAX is in progress as an impulse Ellliott Wave structure. Up from there, wave 1 ended at 17003.28 and wave 2 pullback ended at 16345.02. The Index rallied higher again in wave 3 towards 18567.16. Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 18275.94 and wave (b) ended at 18427.43. Wave (c) lower ended at 18088.03 which completed wave ((w)) in higher degree. Rally in wave ((x)) ended at 18326.37 and the Index has turned lower again. Down from wave ((x)), wave (w) ended at 18058.22 and wave (x) ended at 18239.50. The Index turns lower again in wave (y). Expect the Index to extend lower to reach the extreme area from 4.2.2024 high towards 17550.24 – 17733.23. This should complete wave (y

Short term Elliott Wave view in Silver (XAGUSD) suggests that cycle from 3.27.2024 low is ongoing as a 5 waves impulse. Up from 3.27.2024 low, wave (i) ended at 25.38 and pullback in wave (ii) ended at 24.73. The metal extended higher in wave (iii) towards 27.33 and pullback in wave (iv) ended at 26.26. Final leg wave (v) ended at 28.32 which completed wave ((i)). Pullback in wave ((ii)) unfolded as a zigzag structure where wave (a) ended at 27.6. Wave (b) higher ended at 28.28 and wave (c) lower ended at 27.51 which completed wave ((ii)). The metal has turned higher in wave ((iii)). Up from wave ((ii)), wave i ended at 28.51 and pullback in wave ii ended at 27.73. Expect the metal to continue higher in wave iii, then it should pullback in wave iv before extending higher again in wave v to

Texas Instruments Incorporated (TXN) is a well-established American technology company headquartered in Dallas, Texas. It’s known primarily for its semiconductor and integrated circuit products, which are used in a wide range of applications including industrial, automotive, consumer electronics, and telecommunications. In this post, we will look at the TXN Elliott Wave Analysis. TXN Elliott Wave – Monthly Chart April 2024 TXN Elliott Wave Analysis: Buyers waiting at the extreme TXN has been one of the most profitable stocks in the past decades, with a growth of over 745% in the last 20 years. We believe this bullish trend will continue as the impulse cycle that started before the 70s has yet to end. As the monthly chart shows, the stock completed the 4th wave – wave (IV) of the super cycl

March Inflation (CPI) UpdateCPI:March CPI YoY was +3.5% vs expectations of +3.4% (and +3.2% in February)March CPI MoM +0.4% vs expectations of +0.3% (and +0.4% in February)March Core CPI (ex Food/Energy) YoY +3.8% vs expectations of +3.7% (and +3.8% in February)March Core CPI (ex Food/Energy) MoM +0.4% vs expectations of +0.3% (and +0.4% in February)We’ve now had a few months in a row of inflation picking up. This has resulted in the consensus shifting on the timing and quantity of rate cuts the market expects for this year. The graph below shows the market’s expectations for the Fed Funds rate at three points in time. The beginning of the year (yellow), right before the March inflation figures (light green), and right after the march inflation figures (dark green).As you can see - the con

Learnings and conclusions from this week’s charts: $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ(.IXIC)$ $Invesco QQQ Trust-ETF(QQQ)$ $Nasdaq100 Bull 3X ETF(TQQQ)$ $Nasdaq100 Bear 3X ETF(SQQQ)$ $NASDAQ 100(NDX)$ $DJIA(.DJI)$ $GLOBAL X DOW 30® COVERED CALL ETF(DJIA)$ The S&P500 is sitting just above its 50-day moving average.A couple of short-term risk indicators are lighting up.US investors a

The stock market took a bit of a nosedive this week after inflation data came in hotter than expected and tensions began to rise in the Middle East.Over the past year, inflation has been the #1 concern for the market because it’s the main piece of data the Federal Reserve uses to determine whether interest rates should go up or down. In theory, lower rates mean higher stock prices.In reality, interest rates drive the stock market short-term and earnings drive the stock market long-term. And on the earnings front, the current inflation may not be bad news, which I’ll get to below. $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$ Inflation and Why I’m Not WorriedE