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VIX does not go to 65 just because it got a mood swing. Such moves are slow and steady during the stages of a bear market. After spending time in the 30-50 range we breakout to 80 in the last stage of a bear market. If you spike to 65 one day and close at 35 or lower, then it is a spike and best called the capitulation of bulls . So, it should usually mean that...

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The downside in Copper is mostly over because based on Elliott wave analysis we are at the bottom end of an ABC channel where C+A has been achieved. So this is a waiting game for the momentum indicator to give us buy signals.

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The Nikkei displays a perfect abc correction. This implies that the selling based on the yen is already over and done. Please The fall also brought the Nikkei index to the month average which is a strong long term support. The implications are that Japan should now resume it's long term bull market on the back of a long term recovery cycle and less importance to the Yen.

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An impulsive move lower in the dollar index is underway. We are at a critical support from previous bottoms at 102.10. This trendline is the lower end of a triangle pattern below which the dollar bear market gets more credible and broader acceptance. Wave-wise, wave 3 unfolds, and only wave iv of 3 develops. Many more legs lower will show up with a lot of subdivisions.

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Bitcoin is forming an triangular pattern a-b-c-d-e or a complex pattern w-x-y-x-z both of which can conclude with the panic low below the neckline at 52074. Holding this level we should see wave 5 unfold soon. 5=1 using the Fibonacci extension is placed at 100000$. BTC typically goes up when the dollar is falling so we have seen a divergence in trends in the short...

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With wave iii down unfolding 10 year bond yields should continue to decline toward 6.77% in this leg. Stay long bonds till five waves are complete

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This is the weekly chart of the Nasdaq 100; the most recent dip comes after a five-wave advance on the chart. So the decline is only a correction along the path of a larger up trend—wave ii of 3 in this case, where wave 3 can continue to ward 22377. Support is at 19581 and 19344; one of the two should hold.

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Silver has been on fire recently and it took support at the 3 year high setting the stage a sustainable bullish trend longer term

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USDJPY can turn bearish again if it breaks below 152, breaking the rising channel for the most recent advance. The move inside the rising channel can be three waves if 152 breaks. Wave c was also three waves. Then, the entire pattern would look like an ED where wave e ended at the recent high. That can mean prices go back to 140—no more new highs until new...

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After rising inside a channel, the US 10-year bond yields are breaking the rising channel for wave B on the downside. This confirms the start of wave C down for bond yields. In terms of levels, it means eventually going back to maybe 3% in the US 10-year note, as wave C will break the neckline at 3.8%. So this will be a multi-month decline in bond yields,...

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A double bottom near 21800 is a good starting point ahead of election results. The only hurdle from global markets is the CPI print coming out Wednesday. After that, the markets will move in anticipation of the election outcome—and the market will know beforehand what that will be—do not go against it.

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The triangle in Silver is part of an X wave. So, as we get closer to 25.76, we are closer to the end of wave E of the triangle, from where prices can resume the journey lower. But that has not happened yet. This is a wait and watch for what comes next. Let the momentum indicators like RMI confirm that this is happening.

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NVDA may be at the end of wave 5 at various degrees in time. The fifth wave itself was inside a rising channel, and we reached the top end. This is the leading stock driving bullish market momentum and any reversal especially below the rising channel would change the way people think about the market for the months to come

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WTI recently took support at the 20dma near 74.80 and is now heading higher in wave iii, which can take it to 88$. The rally may not end there as we should develop a five-wave advance. Oil is the outlier in commodities and often manages late-stage rallies before deflationary trends kick in. Stay prepared for an oil price spike in the coming weeks which can impact...

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The Nifty index fell in five waves on the hourly chart below and the hourly momentum shows a positive divergence at the lows. The five wave decline indicates a downward trend but in the near term it means that we can bounce back in three waves to retrace 50% or 61.8% of the fall to 21800 or 21850 before we head lower again.

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SBI, or the state bank of India, first formed a triangle and then a five-wave move higher. The triangle itself is a pattern that proceeds the final move in a particular direction. By that nature, it mostly occurs in wave B or wave 4 of a trend. So, irrespective of what the triangle meant, the next rally is a five-wave move that can end something. A higher degree...

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Tata Steel chart - if we connect all the highs and lows since September, it can look like an ED or 'ending diagonal' pattern. The ED is a triangle pattern that occurs at the end of a trend and is marked as a-b-c-d-e in the direction of the existing trend. After wave e, we try to anticipate a trend reversal. This pattern will further confirm if the ED's lower line...

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The hourly chart of the Nifty Smallcap 100 index now shows a five-wave decline. In Elliott wave analysis, a five-wave move in any direction is directional. Meaning that it tells us which side the trend is. From that point on, every bounce becomes an opportunity to sell because the trend is down. The smalcap index was the last man standing in Indian markets, going...