Some of my forecasts

[4xpipcounter]

Djia

The weekly and monthly have some southerly punch to it, yet, the daily is already getting tired. Regardless, the daily is going to have its hands ful with any thought of a correction. Nevertheless, watch for the WS1 at 11041 and the WS2 at 10876, as there could be strong reactions at those points.

 

[4xpipcounter]

S&p 500

First of all, I have pricing data all over the place on this market, so it is impossible to present any S&R's, so I'm going to feel I've got one hand tied behind my back on this one.

The strong move that ended last week will continue this week. Price actin should break out of the daily cloud and hit the tenken at 1204.50, and then the kijun at 1222.25.

 

[4xpipcounter]

Silver

A strong move north to start the week has already hit the WR1 at 31.76, so a minor correction from that point is due before we get a move to the WR2 at 32.42. Any further move north should be contained at circa 32.65, and could bring a move back to 28.50. Once to that point, there could be some consolidation before another reversal.

 

[4xpipcounter]

Crude Oil

The market started with a strong spike to my WR2 at 98.45. From that point it met up with ST cluster R. It might contain for the week. Regardless of how it unflds, this market is headed back to the weekly TK combo at 89.14.

 

[4xpipcounter]

Ftse

This pair is looking very similar to many of the markets these days-- momentum favors the weekly and monthly, and he daily is in extreme territory going the opposite direction. It means it is also due for a MT correction. Look for the WR2 at 5323 to get hit this week, if not headed higher than that.

 

[LivetoTrade]

Re: US Index

"Reversal" was the theme of my Weekly Forecast. The Index is no exception.
The WR1 at 80.31 is expected to be containment that will yield a reversal. This virtually puts the WS2 at 78.86. From that point to 78.76 is an S zone, and it could contain for the week.
MT, 77.16 will be containment, or the drop is going much lower

Do you get the USD Index on MT4 with Ichi?
If Yes, where?
If No, how do you calculate S and R, please.

 

[4xpipcounter]

Re: US Index

LTT, yes. I have it on my Brocco demo account.

The S&R's are calculated from a proprietary formula I have.
In the form of a metaphor, when it comes to my S&R's, I'll give you all the fish you want, but not the line to catch the fish.

Do you get the USD Index on MT4 with Ichi?
If Yes, where?
If No, how do you calculate S and R, please.

 

[LivetoTrade]

Re: US Index

LTT, yes. I have it on my Brocco demo account.

The S&R's are calculated from a proprietary formula I have.
In the form of a metaphor, when it comes to my S&R's, I'll give you all the fish you want, but not the line to catch the fish.

Nah, would never want to borrow a line : better still, will pester you enough and learn the techniques to fish

 

[4xpipcounter]

Re: US Index

Keep pestering. I don't mind that.

BTW, just for clarity. I enjoy showing and sharing the why and the wherefore of my methodology, as well as any other.

The thing about my S&R's, and the way they are figured is that they are my pride-n-joy. I'll give the levels to any F, any market, including your local weather--lol. When it comes to my formula, my wife or Tucker does not know how it was derived.

Nah, would never want to borrow a line : better still, will pester you enough and learn the techniques to fish

 

[4xpipcounter]

Nzd/usd

LTT, I wanted to come back to my thread to answer that question.

The correction that is currently going on was expected. What is also expected is for this trend to continue. In my Weekly Forecast I mentioned it would hit the WR2. I didn't know we would get that strong of a spike to start the week. It is now expected for the trend to continue to the WR3 at .7599, and then the MS2 at .7644.