Cryptos in Final Approach?

Both Bitcoin and Ethereum did a great job of staying under resistance, and breaking down today, in what I expect to be 5th of larger 5.
by Ryan Wilday - 1 day ago


Today's Charts of the Day video covers New Age Beverages Corporation (NBEV, Amazon.
by Garrett Patten - 2 days ago

Bullish Path the Higher Probability for SPY

In the first path, with a Bayesian Probability (BP) of 61%, the SPDR S&P 500 (SPY) found a longer-term bottom near the lows on Dec 10 and price will begin a bullish leg higher to the 300s.
by Luke Miller - 2 days ago

GDX Update - Market Analysis on Dec 10th, 2018

With the break out in the Gold Miners ETF (GDX) over 20.51, it strongly suggests that the wave iv has not yet completed, as we prepared you for quite some time.  However, the question now is if we head higher to the 22 region directly, or if more pain is going to be seen before this wave iv completes.
by Avi Gilburt - 4 days ago

Sell-the-Rally Threatening Inside Month Ranges

We have to be mindful of the possibility of a breakdown acceleration outside of the October monthly range of 2603-2944.
by Ricky Wen - 4 days ago

Further Downside Ahead for VXX

Overnight the iPath S&P 500 VIX ST Futures ETN (VXX) held resistance and it still looks like we are working on wave (iii)/(c) to the downside.
by Mike Golembesky - 1 week ago

Can We Bottom?

I'm going to keep this very simple tonight. Our ending diagonals are very extended, beyond normal fib levels, particularly Ether. If we count anemic wave 4's as shown, this overthrown wave 5 in both may be a bottom but I would want to see an impulse through our B waves in thirds to prove it. This is $4033 and $112 for Bitcoin and Ether respectively. Until then, it is best to assume we'll see 4 and 5 down the road. I see the micro differences typical i a local bottom forming on the charts, but we meed to see rally kickin to prove it.  Bottom line: A bottom is not in, but it might be close.  As I noted in last night's report: Bitcoin The ending diagonal is valid as long as $4260 is not breached, but I prefer to not see $4030 broken from here to completion. We appear to be aiming at $3285 for a bottom unless we see overthrow in the 5th.
by Ryan Wilday - 1 week ago

Tale of Two Paths

The higher probability is that the SPDR S&P 500 ETF (SPY) found a longer term bottom near the lows on 10/29 and 11/20 and price will begin a bullish leg higher to the 300s.
by Luke Miller - 1 week ago

Focus on the Forest

The goal for most investors during a 4th wave should be capital preservation.
by Avi Gilburt - 1 week ago

Can Bull Train Break 2815?

The earliest indication for the bull train to be viewed as immediately ready going towards the 2850-2875 continuation target zone on the S&P 500 would be a break above 2815.
by Ricky Wen - 1 week ago

How Much Higher Can We Go?

Once the market broke out through the 2680 region resistance on the S&P 500 (SPX) this past week and then held that level as support on a pullback, I began to set my sights on how we can rally to 2900+.
by Avi Gilburt - 1 week ago

MarketMood Friday: Is There Another Shoe?

Thursday's Market Mood Indicator (MMI) had a slight edge towards down, but was primarily a breakout or breakdown pattern.
by Dr. Cari Bourette - 2 weeks ago

Watching for Consolidation

Ideally today, we get a pullback lower to retest first support at the 2712-17 area on the S&P 500 and then attempt to consolidate above it.
by Princely Mathew - 2 weeks ago


Here are some names that may be due for a bounce if the market cooperates: Star Bulk Carriers Corp.
by Zac Mannes - 2 weeks ago

I Don’t Trust Either Side

Clarity will not likely be seen unless we see a break down below 2585 on the S&P 500 (SPX), or until we see 5 waves completed towards the 2745 SPX region.
by Avi Gilburt - 2 weeks ago

Eyeing Dead-Cat, Relief Bounce

The highest probability portion of a deadcat, relief bounce on the S&P 500 would be to 2670 first for those trading this current setup aggressively.
by Ricky Wen - 2 weeks ago

Will OML Low Do the Trick?

Can we see a bottom in Bitcoin (BTC) and Ethereum (ETH) this weekend?
by Ryan Wilday - 3 weeks ago

Bullish Paths Dominate in Bayesian Analysis of SPY and GLD

In the SPDR S&P 500 (SPY), the bullish paths continue to dominate and a strong rally is still expected sooner than later.
by Luke Miller - 3 weeks ago

Typical 4th Wave Action

Should the market break below 2690 on the S&P 500 (SPX), that is a major warning to the long side, and begins to move the probabilities towards the yellow count (now the primary count in green), with the potential to take the market to 2500 and a bit lower to complete a larger a-wave of wave 4.
by Avi Gilburt - 3 weeks ago

Beware Inside Week Potential Again, Upside Continuation Waiting on that Spark

Last week’s action in the S&P 500 was pretty much just an inside week shake-fest that we warned about in the prior weekend report.
by Ricky Wen - 3 weeks ago

Structure of GDX Doesn't Appear to Be a Bottom -- Yet

To me, the Gold Miners ETF (GDX) is still more indicative of the potential ending diagonal for wave v down rather than having struck a long term bottom just yet.
by Avi Gilburt - 4 weeks ago

Nightly Cryptocurrency Report: Calm Before the Storm

Until $6200 Bitcoin (bitstamp), and $212 Ether (Bitmex) are breached, I have every reason to expect we'll at least see $4600-4800 Bitcoin, and $120 to $160 Ether.
by Ryan Wilday - 4 weeks ago

Eyeing Bullish Primary Count in TLT

As a minimum indication of the bullish primary count, TLT needs to reclaim 118.03, with confirmation over 122.92.
by Xenia Taoubina - 4 weeks ago

Eye on 262-265 Support in SPY

The 262-265 range in the SPDR S&P 500 (SPY) seems like an important zone for this bull market remaining intact.
by Luke Miller - 1 month ago

Local Bottom in Place?

S&P 500 futures are trading mildly positive this morning, plus we review international markets, including the FTSE, DAX, Shanghai Composite, Hang Seng, and Nikkei.
by Garrett Patten - 1 month ago