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Edward Gofsky @EdwardGofsky

Researching & writing about the price fluctuations of financial assets since 1997 using classical TA & EW analysis. 3rd Gen Vancouver Real Estate. El Salvador. Vancouver/El Salvador/Mexico Joined February 2012
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Edward Gofsky @EdwardGofsky

2 weeks ago

$USO Crude Oil ETF. Notice the large {Cup} that was setting up is now complete. INFLATION. Oil also in a bullish Elliott Wave 3 setup. Oil is on it's way back to $100 bucks. Commodities are exploding. Any pullback in oil could be viewed as the {handle} setting up. $XLE $GLD $SPY

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Edward Gofsky @EdwardGofsky

2 weeks ago

$BTCC.TO ~ Canadian #Bitcoin ETF. Weekly Close. Major {Wave 1} complete. Target was $14 area. Massive reverse {C&H} or bullish {H&S} forming in Bitcoin. If we see a big {C&H} breakout target is $23 area. Any pullback could be viewed as {right shoulder} or major {Wave 2} low $IBIT

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Edward Gofsky @EdwardGofsky

2 weeks ago

$XLK - Big Tech AI ETF. Weekly Close. Have had this Elliott Wave count in my back pocket just in case the bulls get their last {Wave 5 of 5} blowoff top. And indeed they did. Congratulations to the bulls but now the {Wave 5} blowoff top can end at any moment $QQQ $SPY $NVDA $SQQQ

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Edward Gofsky @EdwardGofsky

2 weeks ago

$GDXJ Gold Stocks ETF. From Elliott Wave perspective we are currently in a bullish {Wave 3 of 3} advance. Notice how GDXJ exploded out of the {Falling Wedge} in March 2024. Target for {Wave 3} is 50 area. It's certainly taken longer than expect for #gold to explode but here we go

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Edward Gofsky @EdwardGofsky

2 weeks ago

$GLD #Gold Monthly Chart. Huge breakout to all time highs in March 2024 now officially makes this my Elliott Wave preferred count. Bull view. If GLD can breakout over 195 (It Did) this will turn into a big bull market. Gold is already in major {Wave 5} & is subdividing. $SLV $GDX

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Edward Gofsky @EdwardGofsky

2 weeks ago

$SQQQ - Ultra Short $QQQ ETF. Weekly Close. From an Elliott Wave perspective we are witnessing the macro blowoff top {Wave 5 of 5} in the Nasdaq. SQQQ {Cup} setting up. 2024 is only the 4th time since 1929, 1974, and 2008 that the 10y/3m yield curve as been inverted over 500 days

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Edward Gofsky @EdwardGofsky

2 weeks ago

$SOXX Semiconductor AI ETF. The textbook {C&H} setup has played out perfectly. From an Elliott Wave perspective it's likely we have seen the macro blowoff top in this AI chips ETF with a textbook final wave 5 of 5 fractal structure unfolding before our eyes. $NVDA $SMCI $QQQ $SPY

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Edward Gofsky @EdwardGofsky

2 weeks ago

$QQQ ~ As of April 19, 2024 this is Tech's (QQQ) worst week since 2022. In a bear market, no one tells you when to get out. Big Tech (QQQ) is 25% of S&P500. $SPY $DIA $NVDA $SMCI $XLK $SOXX $SQQQ

Edward Gofsky retweeted
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Game of Trades @GameofTrades_

2 weeks ago

The yield curve has been inverted for over 500 days We’ve only seen this 3 times in history: 1. 2008 2. 1929 3. 1974 All 3 saw > 50% stock market drawdowns We expect a final rally to occur before recessionary concerns really kick in later in 2024

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Edward Gofsky @EdwardGofsky

2 weeks ago

$SMCI ~ World's most popular (Al) infrastructure play crashed today. The Al "Exponential Age" tech bull market is over. Bulls say it’s at the forefront of the Al revolution. They are leading the race by developing the most innovative Al infrastructure on many platforms $NVDA $QQQ

Edward Gofsky retweeted
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Mac10 @SuburbanDrone

2 weeks ago

The AI Tech bubble officially ended this week. S&P Tech had its worst week since March 2020. Game over man.

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Edward Gofsky @EdwardGofsky

2 weeks ago

$NVDA ~ Oh wow! Massive breakdown in the world’s AI semiconductor leader. The Nasdaq and “Exponential Age” {AI} bull market is over. $QQQ $SPY $SQQQ $DIA $BTC $HODL $IBIT $SOXX #nasdaq #AI

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Edward Gofsky @EdwardGofsky

2 weeks ago

$SPY ~ And the Fed said they wanted to do 3 rate cuts in 2024. LOL! ~ The Nasdaq and Crypto bull markets have already begun unwinding and breaking down weeks ago. $QQQ $DIA $BTC $IBIT $HODL $GLD $SLV $GDX $SQQQ $TLT #gold #silver #bitcoin

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Edward Gofsky @EdwardGofsky

2 weeks ago

$SPY ~ LOL! ~ $QQQ $DIA $TLT $GLD $SLV $SILJ $GDX $IBIT $HODL $BTC

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Edward Gofsky @EdwardGofsky

3 weeks ago

$SLV ~ #Silver has now aggressively broken out of its multi year bullish {Flag} setup. Once silver breaks out over $30 the initial technical target would be $45-50 area. It sure has taken silver much longer to breakout than I expected in 2020 but here we are. $GLD $GDX $SILJ $BTC

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Edward Gofsky @EdwardGofsky

3 weeks ago

$SPY ~ {Big Picture}. Quarterly Long Term Chart. Big breakout in SPY of the consolidation box that had been in place since late 2021. Final technical target is now 7000 for S&P500. Notice the massive bearish “negative divergence” forming. Good luck to all. $QQQ $DIA $IWM $SQQQ

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Edward Gofsky @EdwardGofsky

4 weeks ago

$QQQ ~ Nasdaq vs. Commodities 2024. The last time the Nasdaq was this expensive relative to commodities was at the peak of the internet bubble in March 2000 which was a generational bottom in gold and oil and a macro top in tech stocks. $GLD $SLV $GDX $USO $XLE $FCX $COPX $SPY

Edward Gofsky retweeted
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Otavio (Tavi) Costa @TaviCosta

4 weeks ago

Without a doubt, the most important development unfolding as I type this: Central banks transitioning towards gold.

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Edward Gofsky @EdwardGofsky

4 weeks ago

$GLD #Gold Monthly Chart. Huge breakout to all time highs in March 2024 now officially makes this my Elliott Wave preferred count. If GLD can breakout over 195 (It Did) this will turn into my preferred count. Gold is already in major {Wave 5} and is subdividing. $SLV $GDX $SILJ

EdwardGofsky Profile Picture

Edward Gofsky @EdwardGofsky

4 weeks ago

$GDXJ Gold Stocks ETF. From Elliott Wave perspective we are currently in a bullish {Wave 3 of 3} advance. Notice how GDXJ exploded out of the {Falling Wedge} in March 2024. Target for {Wave 3} is 50 area. It's certainly taken longer than expect for #gold to explode but here we go

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