Crude Oil went UP near $98 then fell sharply as expected.
SELL Signals in RSI. MACD SELL Signal soon.
Note a very "Big M" pattern.
Silver broke to new low as expected. May be falling to measured move near $25.5.
Gold still could not pass previous high and low and MA(50), and is now testing...
INDU went UP about one hundred points short of 14800, then fell and showed Bearish Engulfing.
SELL Signals in RSI, MACD and divergences.
Same picture in SPX plus a confirmed small "Big M" pattern.
Same picture in NASDAQ plus a confirmed small Head and Shoulders pattern.
TRAN was most bearish...
AUD/USD can not stay above resistance trend-line, may fall to 0.99 as Wave 4]e).
If resistance trend-line was broken, AUD/USD might go UP to 1.108 as Wave III3]1)
INDU may be going UP to 14,800 but TRAN is showing Head and Shoulders pattern.
If INDU falls, "Big M" pattern will be confirmed.
Note also "Big M" patterns in SPX and NASDAQ.
Note a lot of divergences in MACDs and RSIs.
Reverse Head and Shoulders pattern made Crude Oil jump UP to $96.6. Now at measured move. There may be some set back soon.
Next resistances may be tops near $98.
$USD went DOWN below 82.0 then rebounded to 83.4, may be going UP to measured move.
MACD BUY Signal. RSI may go above 70% again...
$USD 5 waves UP 2 waves DOWN.
There may be the third wave DOWN to 82.0 before going UP to 89.
$XEU 5 waves DOWN 2 waves UP.
There may be the third wave UP to 132 before going DOWN to 110.
Gold is going UP. Resistances at $1620, $1632 and $1640.
Silver sideway. Resistances at $29.2 and...
Apr 2009's Low may be end of Cycle Wave IV)A or Cycle Wave IV)C.
After that may be Wave IV)B or Wave V)I.
Three Primary Waves may be III]IV)Ba]-b]-c] or V]I)1]-2]-3].
The third Primary wave is almost equal to the first Primary wave by mathematical scale and comprises of 5 Intermediate waves...
$USD wave count is 5 waves up 3 waves down.
Next may be another 5 waves up to 89.
Note RSI and MACD BUY Signals.
$XEU wave count is 5 waves down 3 waves up.
Next may be another 5 waves down to 110.
Note RSI and MACD SELL Signals.
Gold, Silver and Crude Oil are in very large triangles.
If...
Thank you very much Baron, my thread is back.
INDU rebound from wave 4 as expected.
Next wave will be 5th sub-wave .5 of 5th sub-wave 5 of Wave 5).
Measured move target may be 14800.
Note many SELL Signals in RSI.
When MACD confirm, there may be some set back to wave 4.
$USD rose as MACD's and RSI's BUY Signals indicated.
Now at MA(200) resistance.
$XEU fell as MACD's and RSI's SELL Signals indicated.
Now at MA(50) support.
Gold fell as $USD rose, to $1630 near $1600 target.
Silver fell to $29.25 near $28 target.
Note Hammers in Gold and Silver.
Crude...
Gold and Silver rebounds stayed below MA(200) and previous lows.
Next may be Wave 5 measured moves DOWN to $1600 and $28.
Crude Oil "W" met MA(200) resistance.
Wave 5 may end soon followed by $25 DOWN move.
If metals and oil are going to fall;
$USD should rise due to MACD's and RSI's BUY...
The falls below the first waves UP make 1)-2)-3) DOWN counts, more likely than the 1-2-3-4-5 UP counts.
Note INDU's, SPX's, NASDAQ's, TRAN's and UTIL's SELL Signals.
Note also TRAN's RSI SELL Signal.
Note VIX's spikes and "W" patterns.
EUR/USD fell from 1.331, may be Wave 4 as long as EUR/USD stays above 1.313. RSI second SELL Signal.
$USD rebounded from near target. MA(50), previous tops and MA(200) are resistances. RSI second BUY Signal.
Gold's and Silver's "Big M" patterns confirmed. Targets may be $1600 and $28.
Crude...
EUR/USD passed first measured at 1.3325.
Now at 1.33081 near 1.335 target may be in Wave 3.5.
Note: Parabolic move.
After 1.335 there may be some correction.
Most wave count are Wave 3), but emerging patterns are many reverse Head and Shoulders patterns.
Mr. Market will decide soon.
SPX's and NASDAQ's MACD may show SELL Signals soon.
$USD is going to break sHs neckline soon. Target = 78.7.
Crude Oil may confirm "Big M" pattern soon. Target = $84.
Target for confirmed Head and Shoulders pattern =$78.
Gold's Head and Shoulders pattern confirmed. Target =$1670.
Target of "Big M" pattern = $1600.
Silver's Head and Shoulders...