Market Situation

Uber Bull

W and M shape turning points

Okay,

I don't speak much and I'm equally laconic in my writings.
I believe pictures are worth of a thousand words, so I keep posting pictures...
This time I'll try to put my view into context by posting the full picture and zoomed in snapshots of it.
Feel free to comment if you like.

First picture captures almost the whole known history of the instruments present, at least a good part of the whipsaws of the last twenty years. Some eye catched channels are also drawn to describe main trends and prevalent supports and resistances.

Second picture zooms a little into the current situation as it is developing, Nasdaq(third wave from the top) is reaching the top channel of its mid term fluctuation. At the same time the aussie (Australian dollar) is bumping into a major support now turned into resistance and the euro is coming out of a recent double bottom forming something similar to a shooting star although above a major former fibonacci resistance now turned into support.

Third picture zooms a little more to isolate the history of the market of the last five years and puts a little clarity into the analysis.

Don't want to be too exhaustive in this post, coming out of silence, I'm always open to discussions and possible ideas to shed light into this rough analysis.

I would appreciate trigonometric views of these pictures catching the timing of these waves and taking into account the synchronization of the fluctuation together with the main breadth indicators.

Rocket science, huh? 

In sync

Long term trends correlation

It's been a long time since my last post so I decided to post the current situation as I see it.
Channels have been proven solid up until now, so maybe an inverse of the trends in charge is in the formation.
Who knows ;)

Decisive QQQs?

Bounce?

Eur Usd Aud QQQs NewHighs fibonacci
study

Markets in hindsight

EurUsd AudUsd QQQ New Highs/New Lows correlation

As someone could argue...