Friday, October 25, 2013

2013/10/25 CVI short setup - rejected at 42 heading down for 34

CVI has tested  the Fibonacci Cluster around 42 and is now heading down to support at 36.5, and maybe even lower to 34.
Support: 36.5
Extension target 127.2%: 34
Extension target 161.8%: 32

2013/10/25 QIHU setup - found support at 85 Fibonacci Cluster, now heading for 100


After a corrective move, QIHU has found support at the Fibonacci Cluster around 85. Now it's heading higher with the master trend  aiming for the 127.2% extension target of 100. The TTM_Squeeze has also fired long and its increasing squeeze-momentum (light blue bars) are supporting the idea of further upside potential. It's all setting up nicely for a good Risk/Reward trade.

Extension target 127.2%: 100
Extension target 161.8%: 104
Support cluster (stop):  84 - 85


Thursday, October 24, 2013

Friday, October 18, 2013

2013/10/18 GLD Gold ETF - facing strong upside resistance by Fibonacci Cluster


GLD Gold ETF - although GLD has broken out of a decending wedge yesterday, it is facing strong overhead resistance by a dense Fibonacci Cluster. If the 127.6 - 130.3 cluster zone can be cleared, there is plenty of room to the upside, with the extension targets:

Extension target 127.2%: 141.92
Extension target 161.8%: 147.41




Thursday, October 17, 2013

2013/10/17 EEM Emerging Markets ETF - daily chart with Fibonacci Cluster targets and Elliott wave count



EEM MSCI Emerging Markets ETF - daily chart with Fibonacci Cluster targets and Elliott wave count:
Target Zone 1 (around 127.2% extension):             43.6-44
Target Zone 2 (around 161.8% extension):             44.6-45

Wednesday, October 16, 2013

2013/10/16 DOW Jones Industrial Futures YM - daily chart with Fibonacci Clusters - support and resistance


DOW Futures YM - daily chart with Fibonacci clusters indicating the support and resistance zones:

Support 1:                                15050-14970
Resistance Zone 1:                15250-15270
Risistance Zone 2:                 15410-15460
Extension Target 127,2%:      15926