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Stock Market Trend Forecast March to September 2019

Stock Market Pop-n-drop Tuesday

Stock-Markets / Stock Markets 2015 Feb 10, 2015 - 04:04 PM GMT

By: Anthony_Cherniawski

Stock-Markets

Good Morning!

The [i] – [ii] Elliott Wave pattern appears to be nearing completion between 2056.00 and 2060.00. The Premarket is already geared up and USD/JPY has been summoned to help, completing a retracement to 119.44. Most of the currency pair’s strength comes from a brief surge in the USD, also this morning. It appears that the link between SPX performance and USD/JPY hasn’t broken yet. However, that may change as the Yen’s heretofore weak performance firms up.


Robotraders may have had something to do with this spike as ZeroHedge just reported, “Did Europe just fold?

Moments ago Bloomberg blasted a headline which has to be validated by other members of the European Commission as well as Merkel and the other Germans (and may well be refuted, considering this is Europe), which said that:

COMMISSION TO PROPOSE 6 MONTH EXTENSION FOR GREECE - SOURCES.”

Of course, there will be the denials and backpedaling to soften the blow of defeat by the European Commission.

This sent TNX up to the 50-day Moving Average at 20.22 to complete sub-Minute Wave (c) of its retracement. The reversal may be rather sudden as money flows reverse course and flee back to treasuries.

It shouldn’t take long for the whipsaw to come into play.

Regards,

Tony

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Disclaimer: The content in this article is written for educational and informational purposes only.  There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.

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