stocks FANG's + MSFT MSFT The key level for MSFT to remain very positive longer term is 38.2% back to the 12/26/2018 low, this is 153.80, the first bounce from this level went up to 175.00. The long term swing point is now 153.80, just below this is
EURUSD Euro second target hit E6H20 The Euro has hit the second target of 1.1460 coming up from the 1.0838 long term target. This area can send it back to test the lows again, at a minimum look for 38.2% of the current rally at 1.1225, if this level holds this
S&P500 S&P 500 update The low this morning so far went into a few major retracements. The biggest was 23.6% back to the 2009 low, this is 2753.00, 38.2% to the 2016.00 low, this is 2792.00 and 61.8% back to the Dec 2018 low, this is 2724.00.
ESH20 S&P 500 new futures low ESH20 Use the 2874.00 major Gann square as the DSP for now, below it look for the 2782.00 major Gann square and 23.6% (2760.00) back to the 2009 low. If this area does not hold you are looking at a much bigger break down to 2350.
Fibonacci Euro bottom update #2 E6H20 The break from the first target of 1.1225 after hitting the long term target of 1.0838 could only get 23.6% back of the current rally at 1.1110. You can now use 1.1225 as the DSP and the next target is a combination of retracements
S&P500 S&P bottom test ESH20 On the retest of the lows, use the 2910.00 1x1 as the DSP for the day. On a rally from this area look for the 2970.00 major Gann square, a close above here would be a very positive sign, even better would be a close above 2992.
EURUSD Euro bottom update E6H20 The Euro is now just shy of the first target of 1.1225 after holding 78.6% of the 2016 low and the 2018 high at 1.0838. This area will tell us if a longer term low is in. It also has the 1.1175 major Gann square
S&P500 S&P bottom update ESH20, With a solid close above 23.6% of the move down at 2981.00, the first test for the S&P to see if a longer term bottom is in, will be the area of 3049.00 to 3066.00. The first is the 200 day average and
S&P500 S&P bottom When you look at the daily chart, it looks like it made a new low below the 2910.00 1x1 and then closed back above the 2970.00 major Gann square, great bottoms in, but this totally belies the days action. From 8:30 to the close it had a
S&P500 S&P target hit The rally back above the 3066.00 major Gann square today hit 23.6% back to the all-time high up at 3097.25 keeping this market extremely negative. They have now hit our second target zone of 2984.00 to 2970.00. This area is critical to the long term
Bitcoin Bitcoin and minor Gann squares Bitcoin The market continues to hold the area between 9540, this is 23.6% back to the 12/18/2019 low and 9425, a major Gann square. As long as it remains above this it is very positive and the long term target is 11,030. The reasoning for this
Fibonacci ONE44, Euro bottom and Fibonnaci Euro We think the two year bear market is over in the Euro and here's why. The best way to follow this is with the chart below. This break started in Feb. 2018 from 38.2% back from the all-time high (A). From there each attempt to rally
Fibonacci Retracements ONE44 Soybeans and Fibonacci The Soybeans are currently above the 200 day average at 890.50 and above our long term swing point of 885.00 based on the nearby contract. When we look further back to see what Fibonacci retracements are at work, (chart attached) we can see that the 945.00 level
Gann Square Bitcoin The ONE44 target remains at 11030 We continue to look for 11,030 in Bitcoin on the rally from 7200 based on the 61.8% rule, this was outlined in a post on 1/14/2020. The current rally from the 12/18/2019 low fell just short of 38.
w.d. gann ONE44 Stocks Major Gann Squares ONE44 major W.D. Gann square for MSFT, GOOGL, AAPL, AMZN, FB and NFLX
Bonds ZBH20 Outlook The current rally in ZBH20 is coming from 38.2% (A) back of the 10/19/2018 low and the 8/2/2019 high, this was 155.27. The target from here should be new highs for the move per the 38.2% rule. As you look farther out there
ONE44 Analytics S&P update 1/26/2020 ESH20 The key level for tonight and tomorrow will be the 3302.00 DSP. Getting right back above it should send them back to the highs again and then on to the major Gann square at 3370.00. The long term target area is still up at 3474.00/3492.
