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The World Health Organization tried to kill the deadly coronavirus by announcing that it is only a local crisis for now in an attempt to stop the panic from spreading, but the sentiment among traders remained sore in Asia. China and South Korea were closed. Nikkei advanced by a timid 0...

Pivot (invalidation): 56.00 Our preference Short positions below 56.00 with targets at 55.15 & 54.75 in extension. Alternative scenario...

Pivot (invalidation): 17.6900 Our preference Long positions above 17.6900 with targets at 17.9000 & 17.9800 in extension. Alternative scenario...

Pivot (invalidation): 1558.00 Our preference Long positions above 1558.00 with targets at 1564.00 & 1568.00 in extension. Alternative scenario...

Pivot (invalidation): 3304.00 Our preference Long positions above 3304.00 with targets at 3337.75 & 3350.00 in extension. Alternative scenario...

Pivot (invalidation): 13470.00 Our preference Short positions below 13470.00 with targets at 13315.00 & 13270.00 in extension. Alternative scenario...

Pivot (invalidation): 5.9450 Our preference Short positions below 5.9450 with targets at 5.9190 & 5.9090 in extension. Alternative scenario...

Pivot (invalidation): 0.6855 Our preference Short positions below 0.6855 with targets at 0.6835 & 0.6825 in extension. Alternative scenario...

Pivot (invalidation): 1.3150 Our preference Short positions below 1.3150 with targets at 1.3110 & 1.3090 in extension. Alternative scenario...

Pivot (invalidation): 0.9685 Our preference Long positions above 0.9685 with targets at 0.9705 & 0.9715 in extension. Alternative scenario...

Pivot (invalidation): 109.40 Our preference Long positions above 109.40 with targets at 109.65 & 109.80 in extension. Alternative scenario...

Pivot (invalidation): 1.3100 Our preference Long positions above 1.3100 with targets at 1.3135 & 1.3155 in extension. Alternative scenario...

Pivot (invalidation): 1.1070 Our preference Short positions below 1.1070 with targets at 1.1035 & 1.1015 in extension. Alternative scenario...

The pair ended a cycle up in wave ((1)) from the 9/3/2019 lows at 1.3519 on 12/13/19. From there a cycle in wave (A) ended at 1.2904 & wave (B) is in progress as a triangle while above the 1.2954 lows where the hourly is turning up...

The 4 hour right side is up against 12883 low from 12/10/2019. The hourly right side is up while above 12942. While above there expect the index to extend higher toward the 14000-14250 area in the daily wave ((3)) before it corrects the cycle from the 8/15/19 lows...

Gold is favored ended the cycle from 8/16/2018 lows where the daily right side is up in wave ((3)) at the 9/4/2019 highs at 1557 and a pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1446 on 11/12/19 where the 4 hour is turning up...

With the coronavirus spreading and the number of casualties rising, Chinese authorities decided to block the traffic in and out of Wuhan a day before the Chinese New Year break. Stocks in Hong Kong and Shanghai tumbled 2% and 3% respectively. Nikkei (-0.97%) and ASX 200 (-0...

STMicroelectronics NV (STM.FR) said Thursday that net profit for the fourth quarter fell year-on-year, while revenue rose amid higher sales. The European semiconductor chip maker said net profit fell 6.2% year-on-year to $392 million, with revenue increasing 4% to $2.75 billion...

Pivot (invalidation): 56.55 Our preference Short positions below 56.55 with targets at 55.15 & 54.80 in extension. Alternative scenario...

Pivot (invalidation): 17.8500 Our preference Short positions below 17.8500 with targets at 17.6600 & 17.6100 in extension. Alternative scenario...