The Day Ahead: AM Edition 2019-02-15
Charts added as completed. Full post ETA 10:30.
The Day Ahead: PM Edition 2019-02-14
Bonds are forming a more complex corrective formation for wave 'b'. Today they rose early from 145^18 support to get stuck under prior highs but think bond prices will poke over those prior highs next week.
The Week Ahead 2019-02-10
The 'b of (b)' in bonds is still developing as bonds were unable to break under the daily moving averages early last week. The overall plan is to get a choppy retrace from the high early in January to next month or early April before advancing again into July for a wave [ii].
Natural Gas via UNG Update
When I last posted a UNG chart about two weeks ago, my assumption was that a wave iv bounce was forming against 30.08. As it turns out, that resist was not challenged again and prices have continued to fall. That said, I think it might be jumping the gun to say that UNG is now down in 'v of (iv)' though that is the alternate. The primary I am running with is that this drop is '[B] of iv' and due soon for a move up in '[C] of iv'. Targets for iv are at 26.71 and 29.13. As for timing, beginning to mid April looks appealing for the 'v of (v)' low. Weekly and daily charts below.
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