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Saturday, June 30, 2012

$SPY: Daily chart with forecast.





IF minuette wave 3 is in place and it seems it, because 136.24 maybe a nice resistance, price is due for a retracement as a minuette wave 4 with a maximum target of 133.75 as the 50% fibonacci retrace shown in the chart. After this resistance is in place, minuette wave 5 up should start with a maximum target of 140 or a kiss to the orange line (HS neckline)

$SPY: Daily and hourly charts, EW count and forecast.



Bullish sentiment on SPY, up to the 139/140 area as a minor wave 2, where the orange HS neckline will be a big resistance for a pullback. We have some resistance at the EOD area, so, maybe a retrace on monday, as a minuette wave 4 that can´t surpass the minuette wave 1 territory to respect the third EW rule.
We will enjoy our visit to the beautiful Philadelphia.

$BAC: Daily and hourly EW count and forecast.


Daily chart.


Hourly chart.

We continue bullish with BAC. Maybe some resistance ahead on monday(watch hourly chart) but we have a probably next target of 9.15, for this wave 5 of c or something else, IF price surpass the second resistance line at 8.40. Cheers from Philadelphia!

Friday, June 29, 2012

$SPXU: EW count and forecast.Some retracement for markets?


After this big short squeeze,markets may need some pause to re charge energy for a new push up.


$BAC: Nice call for the record.




We call a wave 2,down with a target of 7.54 and after a wave 3,up. In between we call waves a,b and c of this wave 2 and for last, we call the beginning of wave 3 or short squeeze.




Thursday, June 28, 2012


$BAC: EOD, EW count and forecast. Nice wave 3,up!



Wave 3 or short squeeze, as you prefer.






$BAC: EW count and forecast: wave 2 in place?


Below are our post in Stoktwits, today.



  1. Perutrader
    $BAC http://stks.co/i1Az $BAC. MAX rertrace for wave 2 is 7.48.Otherwise, this is not a wave 2.
    View Chart
  2. Perutrader
    $BAC http://stks.co/a1D7 $BAC. 7.54 target for wave c of 2 and then wave 3,up
    View Chart
  3. View Chart
  4. View Chart

$BAC: EW count and forecast. Wave 2 of c in play.


Thursday, June 28, 2012

$BAC: EOD, EW count and forecast. Nice wave 3,up!



Wave 3 or short squeeze, as you prefer.

$BAC: EW count and forecast: wave 2 in place?


Below are our post in Stoktwits, today.



  1. Perutrader
    $BAC http://stks.co/i1Az $BAC. MAX rertrace for wave 2 is 7.48.Otherwise, this is not a wave 2.
    View Chart
  2. Perutrader
    $BAC http://stks.co/a1D7 $BAC. 7.54 target for wave c of 2 and then wave 3,up
    View Chart
  3. View Chart
  4. View Chart