Home   Links   Editorials

SP500 & USD Crash But A Surge For Gold?

captainewave
email: admin@captainewave.com
website: www.captainewave.com

Nov 10, 2024

SP500 CHART:



Analysis:

We are now working on the assumption that wave -iv- ended at 5402.62 and we are now moving higher in wave .iii. of -v-, as shown on our 60 Min SP500 Chart, which has an updated projected endpoint of:

.iii. = 2.618.i. = 6795.68.
Within wave .iii. we have updated the completion of wave $i$ to 5866.42 and wave $ii$ to 5700.22, so we should be moving higher in wave $iii$, which has an updated projected endpoint of:

$iii$ = 1.618$i$ = 6450.65.

We expect higher prices as wave $iii$ of .iii. of -v- continues to develop…

Before it all melts away!

Trading Recommendation: Flat 
Active Positions: Flat!


US Dollar: 



Analysis:

All of wave ^c^ is complete at the 114.75 high and we are now falling in wave ^d^. Within wave ^d^, we have adopted our very bearish alternate count which is suggesting that wave a ended at 100.42 and wave b at 107.05. We are now falling in wave c, which has a current projected endpoint of:
c = 1.618a = 84.28.
With wave c, we completed wave -i- at 100.32 and wave -ii- at 106.38 and we are now falling in wave -iii-, which has a current projected endpoint of:

-iii- = 1.618-i- = 95.47.

Within wave -iii-, we have adjusted our count to suggest that all of wave $i$ ended at 99.86, and that we are now rallying in wave $ii$, which has the following last retracement level:

78.6% = 104.98.
We have now exceeded our 78.6% retracement level, so unless we turn down sharply now, we doubt that our current short-term analysis is correct, so we will likely be moving our alternate count to preferred in the next day or so.   

Our alternate count is suggesting that wave b is not complete at the 107.05 high and instead is becoming a bearish triangle as shown on our Daily USDX Chart. In this count, within wave b, we completed wave -a- at 107.05 and wave -b- at 99.86, and perhaps wave -c- at the 105.35 high.

Wave -c- cannot rally above the wave -a- high of 107.05, for this triangle option to still be valid. If wave -c- is now complete at the 105.35 high then we be starting to fall wave -d-, which cannot drop below the wave -b- low of 99.86. 

Trading Recommendation: Short risking to 107.10.                                                                                     
Active Positions: Short risking to 107.10!            

We are working on the assumption that wave -iv- ended at 5402.62 and we are now moving higher in wave .iii. of -v-, which has an initial projected endpoint of:

.iii. = 1.618.i. = 6263.57.
Within wave .iii. we completed wave $i$ at 5725.84 and wave $ii$ at 5674.00, so we should be moving higher in wave $iii$, which has an initial projected endpoint of:

$iii$ = 1.618$i$ = 6196.97.

We expect higher prices as wave .iii. of -v- continues to develop.

We have also just introduced an alternate count which is suggesting that all of wave -v- and v are complete at the 5878.46 high, as shown on our 120 Min SP500 Chart.

We will be watching this alternate count carefully!

Trading Recommendation: Stay flat (but not for much longer).                                                                         
Active Positions: Flat but watching for a trigger to go short!
  
Special Subscription Offer: At $99/mth the Captain Ewave newsletter value is superb, and we have a special offer this week of just $199 for a three-month subscription! Investors get six updates a week from the Captain. Send us an email at admin@captainewave.com or click this link and we’ll get you on board. Thank-you!

Gold:



Analysis:

We continue to rally in wave .v. of -iii-. Within wave .v., we completed wave ^i^ of *i* at the 1997.20 high and all of wave ^ii^ at the 1931.80. We continue to rally in wave ^iii^, which has a projected endpoint of:
 
^iii^ = 6.25^i^ = 3101.20.
                                             
Wave ^iii^ is subdividing with wave -i- ending at 2151.20 and wave -ii- at the 1973.10 low. We are rallying in a subdividing wave -iii- with wave $i$ ending at 2088.50, wave $ii$ at 1984.30, wave $iii$ at the 2431.50 high, and our wave $iv$ bullish triangle at the 2277.60 low.
 
We are now thrusting higher in wave $v$, which has a projected endpoint:

$v$ = 1.618(2431.50-1973.10) = 3035.50.

Within wave $v$, we completed wave *i* at the 2483.70 high and wave *ii* at the 2353.20 low, so we are now rallying in wave *iii*, which has a projected endpoint of:

*iii* = 2.618*i* = 2850.40.
Within wave *iii*, we completed wave !i! 2477.70 and wave !ii! at 2364.40 and we are now rallying higher in wave !iii!, which is likely heading to our next projected endpoint of:

!iii! = 4.236!i! = 2891.80.

Within wave !iii!, we completed wave @i@ at 2570.40, wave @ii@ at 2502.70, wave @iii@ at 2685.40, and wave @iv@ at 2604.20. We are now look to have completed wave @v@ and !iii! at the 2790.10 high.

We are now falling in wave !iv! which has the following retracement levels:

23.6% = 2689.60.
38.2% = 2627.48.

We have now entered our retracement zone, so we need to be on guard for the completion of wave !iv! and the start of another rally in wave !v!.

We think the development of wave !iv! should take longer, but based on price targets, it does not need to.

Wave !iv! could still become a bullish triangle formation. 

Our projected target for the end of wave -iii- is: 
-iii- = 6.25-i- = 3199.90! 
 
We still expect higher prices as wave !iii! continues to develop. After wave !iii! ends we expect a wave !iv! correction that retraces between 23.6 to 38.2% of the entire wave !iii! rally.
Trading Recommendation: Long gold. Use puts as stops.  
Active Positions: Long gold, with puts as stops!           
                                                                                                      
Free Offer For 321Gold Readers: Please send me an Email to admin@captainewave.com and I’ll send you our free “GDX: Wave Counts To $50!” report. We highlight updated wave counts and charts for this marvellous mine stock ETF, with tactics for investing excellence!
                                                                                                     
Thank-you!

Captain Ewave & Crew

email: admin@captainewave.com
website: www.captainewave.com

Risk: captainewave.com is an impersonal advisory service and, therefore, no consideration can or is made toward your financial circumstances. All material presented within captainewave.com is not to be regarded as investment advice, but for general informational purposes only. Trading stocks does involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of any trading you choose to undertake. You also agree to bear complete responsibility for your investment research and decisions and acknowledge that captainewave.com has not and will not make any specific recommendations or give advice to you or any of its clients upon which they should rely. captainewave.com suggests that the client/member test all information and trading methodologies provided at our site through paper trading or some other form of testing. captainewave.com, its owners, or its representatives are not registered as securities broker-dealers or investment advisors either with the U.S. securities and exchange commission or with any state securities regulatory authority. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest with or without seeking advice from such an advisor or entity, then any consequences resulting from your investments are your sole responsibility.

All information posted is believed to come from reliable sources. captainewave.com does not warrant the accuracy, correctness, or completeness of information available from its service and, therefore, will not be liable for any loss incurred. Due to the electronic nature of the internet, the captainewave.com website, its e-mail & distribution services and any other such "alerts" could fail at any given time. captainewave.com will not be responsible for unavailability of use of its website, nor undelivered e-mails, or "alerts" due to internet bandwidth problems, equipment failure, or acts of god. captainewave.com does not warrant that the transmission of e-mails, or any "alert" will be uninterrupted or error-free. captainewave.com will not be liable for the acts or omissions of any third party with regards to captainewave.com delay or non-delivery of the captainewave.com nightly emails or "alerts". Further, we do not receive any form of payment or other compensation for publishing information, news, research or any other material concerning any securities on our site or publish any information on our site that is intended to affect or influence the value of securities.

There is no guarantee past performance will be indicative of future results. No assurance can be given that the recommendations of captainewave.com will be profitable or will not be subject to losses. All clients should understand that the results of a particular period will not necessarily be indicative of results in future periods. The results listed at this website are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated trades do not represent actual trading. Also, since the trades have not actually been executed, the results may have over or under compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. No independent party has audited the hypothetical performance contained at this website, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified hereafter. While the results presented at this website are based upon certain assumptions believed to reflect actual trading conditions, these assumptions may not include all variables that will affect, or have in the past affected, the execution of trades indicated by captainewave.com. The hypothetical results on this website are based on the assumption that the client buys and sells the positions at the open price of the stock. The simulation assumes purchase and sale prices believed to be attainable. In actual trading, prices received may or may not be the same as the assumed order prices.

321gold Ltd

4831