We are now approaching a near term risk inflection point for global markets (for the bear case highlighted last week). The key equity markets appear to be in the process of completing an ending diagonal wave (c) which should lead to a bearish reversal on Friday or early next week. We have already entered the […]

We continue to track the evolving 4th wave triangle in the DXY. As we look for wave (d) and (e) to complete, this should set up a sharp move lower for the US$ - We are looking at this as an important inflection point for commodities and rates as we expect this final decline to […]

We continue to track the USDJPY for a near term top. IF this count is correct we should have one more final push higher towards our 108 target where we should see a reversal lower. Trade above 108.50 likely means this structure is wrong (as wave iii would be the shortest wave which is not […]

CL and Brent have both tagged initial upside targets where we would look for a turn lower - The Brent chart shows a cleaner a-b-c retracement of equality after the initial decline.

ES failure to push higher towards our sell zone as per the latest update complicates matters. Either we are in a complex wave (b) which holds support then rallies up in wave (c) of 2 as per the update OR we just puke directly from here targeting new cycle lows towards 2450-60. Triangles are usually […]