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SP500 hits upper channel line :confused:

Thanks a lot JSSPMK. So it had something to do with BOJ interest rate change in those years. Since BOJ's interest rate has been near 0 for years and it's impossible for BOJ to cut rate further under the situation. So if USDJPY moves up in the following months or years, it could be...

1990-1995 USDJPY fell from 160 Yen to less than 80 Yen in 5 years. But from 1995-1998 USDJPY surged from under 80 Yen to over 146 Yen in 3 years. A very big V-shape price move shown on the USDJPY monthly chart. I wondered what fundamental news caused the huge price up and down in...

USDJPY weekly chart starts to look interesting. If it's indeed a Tree-Drive pattern, price may touch the bottom within the next several days and have a powerful rally.

You may be right. But your ABC waves seem to have the same 'degree' as the 5 up waves from Jan.~Aug 2009. So I'd rather keep it simple and count another 5-wave move (down). And now GBP seems to be on an abc up swing or a bullish 5-wave move.

Even though S&P seems moving on the third wave of a 5-wave uptrend, in some similar cases it may fail and goes down instead. See the forex GBP/USD daily chart example:

That's how I labeled on the weekly chart as well. Hope the market will move as predicted. :)

My E-wave count on gold index. But unsure if the latest wave-5 is ending or not; or the latest 5 waves are just a sub-wave of wave-1 :confused:

SPX weekly chart seems to have completed a 5-wave move so far. The next move may be a-b-c wave followed by a continue uptrend. The alternative may be followed by a 5-wave downtrend move instead. The near-term move would be up in both counts anyway. Just my 2 cents. Let’s see how it pans out.

SPX bounced back up and looks impulsive. The market has been very resilient :eek:

Price continues to fall and broke the hourly chart trend line before noon time (ET).

SPX seems to be holding on a trend line support this morning. Let's see how it goes from here.

SPX down move is quite aggressive today. The price may have reached a short-term cycle top yesterday. If that's true, the down trend may last 3~4 weeks. But the above TA could be wrong.

Neely in hot water again, I guess.

What Forex pair and what time of the day did you make those trades?

EURAUD falls back to 2000 low. Cannot exclude the possibility to go lower, but worth a look.

I received Neely's newsletter (to non-subscribers) over the weekend. Here's what he said: "Due to the substantial advance following March 2009's low, many investors and analysts believe the worst of the economic downturn has ended. However, based on NEoWave theory, the opposite appears to be...

Those who trade 50:1 or 100:1, how tight (how many pips) you place your stop loss order from your entry point? I am trying to learn something here. Thanks!

A long-term view.