https://timeandcycles.blogspot.com/
Forecast from 8/7 Raj T&C Daily Email: "8/5L is an A of (C) wave Low. We are now in a B of (C) wave volatile rally phase, into OE week+/-. We should then see a C of (C) wave decline afterwards to complete the decline. The daily trends are lower into mid to late August Lows, but expect sharp counter trend rallies along the way.
Forecast from 8/10 Raj T&C Weekend Email: "From the 8/5 Solar & 8/6 Geo time CIT 8/5L, we have see. The 8/5 Solar and 8/6 Geo time CIT was an 8/5L, which was an A of (C) wave Low. We are now in a B of (C) wave volatile rally phase, into Option Expiration (OE) week+/-. We should then see a C of (C) wave decline afterwards to complete the decline. The bias is a choppy volatile OE week: 8/12-13H, 8/13-14L, 8/15-16H"
Actual: From 8/5L, we did see a rally into OE week and into 8/16th, as expected, but the rally was stronger than projected and we did see volatility along the way, but they were intraday pullbacks only and we ended up being Up into OE week into Friday 8/16th.
We rallied into 8/16 as expected, but as the rally was stronger than expected, the forecast was updated 2 days later, on 8/20 to be more bullish (where the projected C wave decline Scenario was canceled):
Forecast updated on Tuesday 8/20 Raj T&C Daily Email: "As we rallied above the 8/1H major swing High, all trends turned back Up, the Elliott wave Scenario had to be updated that the 8/5L was a completed ABC decline. The path has become more bullish. All eyes are now on the Fed’s meeting at Jackson Hole Friday 8/23. As a result, the markets can go sideways to higher into Friday 8/23 Geo and Fed CIT High, before we see a brief retrace into Tesla's 8/27-28 Lows."
Actual: We made a Monday 8/26H (1 TD later) and declined into today's 8/28 Low so far.
What's next?: Nvidia, $NVDA, Reports Earnings after the close today - Wednesday 8/28, the outcome is pure speculation and even a gamble, so it is better to TMAR and stand aside. We are still expecting Tesla's 8/28L+/-1 TD to bottom the markets and then another rally phase.
Disclaimer
The contents of this article are for general information and educational
purposes only and should not be construed as investment advice or
strategy. Past performance is no guarantee of future results. Trading in
Stocks, Options and Futures involve risks. Trade at your own risk.
No comments:
Post a Comment