SPX500 Weekly Review
Wave Analysis
Last week, SPX500 continued to the upperside and i still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the Alligator lines, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout above 3763.5. If you took a buy position previously, keep this position open expecting price to break beyond 3800.00 towards 4000.00 or even higher.
Trade Recommendations:
Look for long term buy positions towards 4000.00.
Silver Weekly Review
Wave Analysis
Earlier today, Silver gaped to the upperside and is still pretty much bullish both on the daily and on the weekly charts. While we see sustenance above the alligator indicator, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave(v) to the upperside and should breakout beyond 30.00 towards 45.00 or even higher. If you took a buy position as previously anticipated, keep looking for long term buy positions.
Trade Recommendations:
Remain long towards 30.00.
ASX weekly Review
Wave Analysis
ASX is currently in an active bearish price rally, while the price remains below the Alligator indicator we expect a possible rally to the lower side and should break below 6623.0 or even lower. If you are looking at this chart now keep looking for long term sell position expecting price to break beyond 6615.00 or even lower. The idea is to wait for a pull back to the upper side to pick a low risk sell position. If the price pulls back upwards, then the best place to consider a possible buy position.
Trade Recommendations:
Look for long term sell positions towards 6613.0.
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