Captain Ewave End Of Day Update jan 28


Gold hit a day session low of 1280.90, which was lower than our overnight low of 1285.90. That really does not matter as all of the internal trading wave patterns on the intraday charts, from 1298.50 to 1284.60 are corrective looking … overlapping waves, which means that gold is going higher after this correction ends.

No change to current 7 long positions, risking to 1225.00.



Crude hit a low today of 44.14 in today’s day session, which satisfied our minimum target for the end of wave .v. , -c- and (b). We have updated all of our wave iv EWave analysis below:


-a- = 46.77;

-b- = 45.03

-c- = 51.20, to complete all of wave (a).


-a-= 45.96:

-b- = 49.07:

-c- diagonal triangle:

.i. = 46.40;

.ii. = 49.05;

.iii. = 44.35;

.iv. = 46.54;

.v. = 44.14, if complete, to end all of wave .v. and (b).

Upon completion of wave (b) we will see a sharp rally in wave (c) to at least the wave (a) high of 52.10, but likely higher. Assuming that wave (b) ended at 44.14, projections for the end of wave (c) are:

(c) = 51.20, the wave (a) high;

(c) = 1.618(a) = 55.47;

(c) = 2.618(a) = 62.47

We were filled on our 2 long positions at 44.20, and now long 6 positions, with 44 puts as stops.



Please click here now: https://captainewave.com/wp-content/uploads/2015/01/2015jan28spew11.png


There was certainly a lot of wave action on the S&P chart today., as the attached 10 Min chart indicates. It looks like all of wave ^c^ and .ii. ended at 2042.49. Wave ^c^ ended at a failure, just 64 ticks below the wave ^a^ high of 2043.13.

Within wave .iii. it looks like we completed wave ^i^ at 2023.02 and wave ^ii^ at 2036.79. We are falling in wave ^iii^ now.

We will outline projections for the end of wave .iii. in our next End of Day Post. Unfortunately our additional shorts were not filled at 2044, as we missed out by 87 ticks.

We are short 4 S&P at the market, risking to 2063.

 St comments: The Captain missed out on an additional $22,000 a contract by missing the short sale, but his 4 existing shorts soared $88,000 higher!!!



Nothing new with the USDX during today’s day session as we appear to be working on completing wave ^iv^. We have repeated today’s Morning Post, and updated the end of wave ^iv^, below:

“The USDX traded sideways in the overnight session and it looks like we are falling in an impulsive fashion from the wave .iii. high of 95.85. This drop is likely wave *a* of .iv. and currently looks like:

^i^ = 94.98;

^ii^ = 95.31;

^iii^ = 93.95;

^iv^ = 94.69, if complete;

^v^ drop is next, to complete all of wave *a* of .iv., with a minimum target of 93.95.

After the completion of wave *a* we expect a wave *b* rally. Wave *b* should retrace between 50 to 61.8{6662cb326f536db879050e93fbe8de36d93608a2a48b01f600643f4328fc39a1} of the wave *a* drop.

Remember our projections for the end of wave .iv. are:

23.6 {6662cb326f536db879050e93fbe8de36d93608a2a48b01f600643f4328fc39a1} of wave .iii. = 93.96;

38.2{6662cb326f536db879050e93fbe8de36d93608a2a48b01f600643f4328fc39a1} of wave .iii. = 92.79.”




Nothing new to report here. We are still reviewing our current analysis and will provide and update when it is complete.



Please click here now:



The GDX was lower today, hitting 22.02. It looks like wave .i. of –ii- ended at 22.93 and all or most of wave .ii. at 22.02. Note the 50 to 61.8{6662cb326f536db879050e93fbe8de36d93608a2a48b01f600643f4328fc39a1} retracement values for wave .ii. We have entered that zone. On our attached 60 Min GDX chart we are currently suggesting that waves .i. and .ii are complete.


We remain long all GDX positions, with stops at 19.87.  


Remember: No Morning Post tomorrow, although there might a few brief Intraday Posts should any markets have significant movements!