Expect a test of 9312 – 9384 to complete wave A of ( C ) after which Index should make a corrective B wave pullback and turn lower again. We don’t recommend buying into wave B as it should resolve into more downside.  

Wave (( x )) has completed at 1.4673 and pair is currently in wave (( b)) of (( y )) which is expected to end between 1.4729 – 1.4746 before pair turns higher in wave (( c )) of (( y )). The hourly cycles are positive so we don’t like selling the pair and […]

Metal is correcting the weekly cycle from 2008 lows. It did get very close to 50 fib retracement (2.949) but didn’t fully test it. Also, metal is showing 5 swings lower from the high of red wave “a” and is currently in blue wave ( B ) pull back. Once completed, metal should turn lower […]

Preferred view suggests wave (( x )) has completed at 1.4673 and while above this level, expect more upside toward 1.4924 – 1.4983.   Hourly cycles are positive so we don’t like selling the pair in proposed wave ( b ) and like more upside toward 1.4926 – 1.4896 area.