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Changes described on the forum in the Current and future functionality section.
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Worth to read
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Triangle after triangle, after triangle another triangle...
market geometry
No mercy for bears. SPX broke today previous top and again with cont. triangle during last session hour. Currencies have again more trouble to follow it. There has been now bullish gartley plus 2 cont. triangles in this uproad. W2, W4, B or X are only choices with this pattern.
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AudUsd, 60 min
market geometry
Starts to looks promising. Wedge line might get broken. The entire 240 minute chart is very similiar WXY as larger degree which roof in here was overlapped yesterday with ~40 pips before falling below again. It is 78.6% retracement. AussieDollar should be one kind of commodity currency and AussieYen does not look anything more happy either.
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QQQQ, 3.618 wave size reached + 86.2% resistance, cautions ahead,
market geometry
Tomorrow or next days and week could come slightly gracy, we reached 86.2 which most often is max for B wave. Market is pretty heavily overbought, but surprizingly there is some stocks which are with inverse like ATT (T) which just started to respond 3 days ago for it´s ending diagonal plus later its contracting triangle. However, cautions needed with index. This flat might hit some day 100% flat for us, but odds to go throw 0.862 is very risky.
Firstly there is 3.618 wave now from the bottom placed which should mean best leg is over and most often it is size of W3 (Y). To mark these impulse in these days does not help so much as entire flat picture is more open question what this market is building but some flat scenario is likely more close of true. The way it is marked in the chart is how harmony pinpoints all end of W3´s out starting it from W1 top which differs from EW world, but just slightly.Additionally there is 1.127 relation from this 3.618 top marked now, in harmony world this is very powerfull fibonacci relation when dealing with reversals, but much less used in EW world which is little bit surprizing since most turns have this relation. Perhaps one 1.618 is needed for daily chart from 3.618 to fullfill fifth (marked to the chart), some day but for now this smells like a shorting setup.Overall, entire upmovement has looked alike double or triple zigzag all the way from the bottom, it was same story with eurodollar and still does. Sure, there is still room if XX or ZZ comes to picture some day but 3.618 size wave does smell like something is going to end in here reasonable near future.
Got bored for that MSFT also, it is way too flat and up just slightly or hardly, let´s see if this market drops and corrects first something down, SPX last hour candles at least looked promising. Should post that T originally, at least contracting triangles gives "boost" for individual assetts.
What makes this picture even more complex is that most currencies have completely own life not related for stockmarket anymore. They allmost work as inverse with it. It seems that financial chrisis part II is mostly presented between states and national economies more than with stocks.
