$QQQ update. Has re-entered the potential reversal zone and achieved a double top. Price action suggesting to me it will attempt to stretch to the top of the zone I've marked as PRZ (593-599). Sell off scenario remains in place as illustrated. $QQQ $NQ $NDX #US100 #NASDAQ100

$NDX update. Same as $QQQ update just posted. Has re-entered the potential reversal zone and achieved a double top. Price action suggesting to me it will attempt to stretch to the top of the zone 24500-24600s (stretch 24900s), before selling off. $NQ $NDX #US100 #NASDAQ100

#eurusd in 15-minute chart, we see a symmetrical triangle with 5 subwaves, the last one completed this pattern. IMO, this is a triangle in wave 4 position of an impuls up. Next week, the missing wave 5 up - then a correction of this entire impuls. #Elliottwave

Russian peace offer. This is what’s known. Bloomberg: Putin cements control of Crimea, all of Donbas, and freezes lines in Kherson/Zaporizhzhia. Ukraine must surrender Donbas and gets nothing in return. 1/

$CAT Caterpillar (daily, close Friday at 416,52 USD) kissed the blue channel trendline briefly, then down. Daily indicators overbought + want down, weekly is overbought. Pullback likely IMO.

Although the $SPX 5-wave advance suggested more time correcting or a deeper pullback, confidence in further downside has dropped with $NDX already making a new high and $SPX likely to follow this week. The bullish divergence at the Aug 1 low may now serve as the swing point for

$GOOG Looks Happy: The bearish RSI divergence (red diagonals) is matching perfectly with the required condition for a potential pullback, which in this cup with handle in formation would be a buying opportunity. The volume shelf highlighted is perfectly located to provide

Ich kann es einfach nicht fassen, dass wir so dumm sind der Ukraine Gebietsverzichte zuzumuten, bevor die Verhandlungen überhaupt begonnen haben! Warum hört niemand auf die Menschen aus dem Baltikum, die die Russen, und deren Verhandlungstaktik, kennen?

$tsla not so fast! This current upmove could just be the c-subwave of a b-wave up, to be followed bei an impulsive c-wave down.

#coffee so far on track

$NDX: The price is back to overbought levels relative to the upper Bollinger band, for now this is only indecision, but is worth keeping an eye on NDX, since this rally has been essentially moved by the big tech. Some other interesting facts: ->The Dow Jones $DJI has not

Last week we sent out a soybean buy signal. Here was the signal: txt.so/674qOF Why did we have a buy signal? We hit the 1 to 1 move from the 4th of July weekend sell off. Meaning this sell off equaled the same size as that one. We also tapped trendline support.

#djia 4-hourly

#WASDE mostly neutral for #wheat — but a huge #corn crop is a headache for bulls 🌽🐂 * Global wheat stocks down, below consensus * Chinese crop lower — late hot weather did hit yields * EU crop slightly higher * US wheat stocks marginally lower * RU & UA numbers mostly

#Coffee down 1.5% today and pulling back form the $323 level where I closed my long yesterday. I still think it goes higher soon but a pull back from resistance is always likely first.

#Sugar finally getting a move after I have had to be patient for so long on it. Coming into resistance at 17.14 and likely gets a small pull back there but I think this breaks eventually and there's more upside so I continue to hold my long.

#coffee has reached the target 327 and collapsed thereafter. It is now a short-trade for a while (according to this model).

#xagusd daily

#eurusd 4-hourly

#wheat I am not convinced these long-term levels mean much in grain markets as wheat is not a stock that exists long-term, but it gets consumed - and we have new situation.