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ther Analytics

Weekly Technical Conspectus


publ i sh date : 6/13/2014
Author : Alex Bernal, CMT
alex@aetheranalytics.com
805.252.7161
DISCLAIMER

The information in this report is based upon public sources Aether Analytics LLC (we or us ) believes reliable, but no representation is made by us that such
information is accurate or complete. The views expressed above represent our personal and subject view as of the date of this newsletter, and we do not undertake
to advise you of any change in the reported information or in opinions expressed herein.

This report was prepared and issued by us for distribution to sophisticated investors, and does not constitute investment, legal or tax advice, individualized or
otherwise. Investments involve substantial risk, and the investments referred to herein may not be suitable for each investor. Investors must make their own investment
decisions in consultation with their professional advisors in light or their specific circumstances. The value of investments may fluctuate, and investments that are
denominated in foreign currencies may fluctuate in value as result of exposure to exchange rate movements. Information about past performance of an investment
is not necessarily a guide to, indicator of, or assurance of, future performance. This report is not an offer to buy or sell any security.

To the maximum extent permitted by law, Aether Analytics LLC disclaims any and all liability in the event any information, commentary, analysis, options, advice
and / or recommendations in the report prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

The publisher shall act with integrity, competence, diligence, respect, and in an ethical manner with the public, clients, prospective clients, colleagues and other
participants in the global capital markets. You may use the information provided at your own risk.

No representation is being made that the information will produce trading profits, or limit trading losses. In no event shall Aether Analytics LLC or its employees,
representatives, affiliates or contributing authors be held liable for any special, incidental or consequential damages, whatsoever (including without limitation,
trading losses or any other losses incurred) arising from the use or inability to use the information contained herein.



Report Details
Charts : Only markets that have critical trade setups or existing trades will be included.
Publishing schedule : Weekly, delivered Sunday evening
If any instrument was not covered in this weeks letter but you would still like a technical synopsis Please feel free to skype me at alexbernal0 or email
alex@aetheranalytics. Com
User Guide Download Link > http://aetheranalytics.com/images/AetherConspectusUserGuide.pdf


Table of Contents
Section 1 : Quick Glance Table Summary
Section 2 : Currencies Section 3 : Energy Complex Section 7 : Grains & Softs
AUDCAD WTI CRUDE Corn
AUDJPY Brent Crude Soybeans
AUDNZD Natural Gas Soybean Oil
AUDUSD Section 4 : Interest Rates Oats
EURAUD 10 Year Treasury Note Wheat
EURCAD 30 Year Treasury Bond Coffee
EURGBP Ultra Bond Sugar
EURJPY Section 5 : Indices Cotton
EURNZD S&P 500 Cocoa
EURTRY Nasdaq 100 Section 10 : Sample Portfolio Tracking
EURUSD Russell 2000 Section 11 : Appendix
GBPAUD DJIA
GBPCAD VIX (VXX / VXZ)
GBPJPY Nikkei
GBPNZD Shanghai
HKDJPY Heng Seng
NZDJPY Jakarta
NZDUSD Section 6 : Metals
USDCAD Gold
USDHKD Silver
USDJPY Platinum
Palladium
Symbol Current Trade or Setup *Symbol is bold if trade is at a critical level
Time Frame Recommended Entry
Price
Current Stops Targets Quick Note
AUDCAD Daily Trade is Live (1/2 stopped out at (1.015) 6/4, Second 1/2 stopped out 6/6 @ 1.0234
AUDJPY Daily Trade is Live. 1/2 was stopped out at 95.89 5/14/2014, 1/2 stopped out at 6/5 95.55
AUDNZD Low Ranking Deep Crab
AUDUSD Daily Stopped out 6/6 @ 0.93.42 , 6/12 @ 0.9410
CADJPY
EURAUD Stopped out 6/10 @ 1.45 , 6/11 @ 1.44
EURCAD
EURGBP Daily
EURJPY Daily Entry Triggered 140.00 140.59 134 Trade is Live Triangle Breakout
EURNZD Weekly Bullish Gartley
EURTRY Possible Bullish Bat @ 2.75. No trade suggestions currently
EURUSD Weekly Entry Triggered 1.367 1/2 @ 1.3901, 1/2 @ 1.4165 1.24 Trade is Live
GBPAUD Retest of Neckline Again
GBPCAD Possible complex head and shoulders top pattern
GBPJPY fractals
GBPNZD Daily fractals
HKDJPY Weekly Continuation Triangles
NZDJPY Weekly Entry Triggered 0.86 1/2 @ 92.63, 1/2 @ 90.23 78 & 70 High ranking symmetry 5 wave Entry triggered 5/29/2014
NZDUSD Daily 1/2 stopped 6/6 @ 0.8549, 1/2 @ 086.15 on 6/12
USDCAD Bearish 5-0
Symbol Current Trade or Setup *Symbol is bold if trade is at a critical level
Time Frame Recommended Entry
Price
Current Stop Targets Quick Note
USDJPY Weekly EW complete 5 wave cycle
USDMXN Failed Bullish Gartley : ABC symmetry developing
USDSGD Potential Bullish Bat, PRZ Not Reached Yet
WTI CRUDE Daily Buy stop Entry 105.23 1/2 @ 103.37, 1/2 @ 104.47 112.00 BreakoutTrade is Live
BRENT CRUDE Weekly Buy stop entry 113.07 All @ 101.31 145 / 75 Trade its Live Large Scale symmetrical triangle on weekly,
Nat Gas No tradable patterns.
RBOB Gasoline Possible Bearish Gartley or Crab forming
Heating OIl No tradable patterns.
10 YEAR NOTE Trade stopped out at 1.2537 for 1/2 and 125.025
30 YEAR BOND Weekly Entry Triggered 135.16 1/2 @ 133.61, 1/2 @ 130.83 142.16 Trade is Live
SP500 1 X 1 at 1963.75 6/6/2014
NASDAQ 100 Daily Sell Stop 37.39 Suggested 1/2 @ 3891, 1/2 @ 3834 3600 Sell 1 tick below March high
RUSSELL 2000 Daily Entry Triggered 1140 1/2 @ 1138 1/2 @ 1120 1201 & 1260 Trade is Live
DJIA 1:1 ABC Rhombus
VIX VXX VXZ No tradable patterns.
NIKKEI No tradable patterns. Downside bias
SHANG HAI INDEX Daily 1/2 got stopped out 2169.18 6/13
Symbol Current Trade or Setup *Symbol is bold if trade is at a critical level
Time Frame Recommended Entry
Price
Current Stop Targets Quick Note
HENG SENG Weekly Gartley Possibility
JAKARTA Weekly Sell stop entry 4799 1/2 @ 5251, 1/2 @ 5381 4000 ENTRY WAS NOT TRIGGERED YET.
BOMBAY SENSEX
US Dollar Index
GOLD Weekly Buy stop entry 1400 1/2 @ 1196.3, 1/2 @ 1153 1650 Weekly Possible bullish reverse head and shoulders
SILVER Daily Buy stop entry 20.00 1/2 @ 18.55 1/2 @ 18.19 22 & 24 Possible Bullish Bat, PRZ reached. Looking for a move through 20 to trigger buy stop to entry
Platinum Daily Entry Triggered 1466 All @ 1491.60 1380 Trade is Live (1/2 profits taken at 1423 6/6
Palladium
Copper Daily Entry Triggered 3.13 3.15 & 3.11 2.95 Bearish Gartley
Corn Possible Bullish Shark
Soybeans Weekly Daily Entry Triggered 1440 1/2 @ 1601, 1/2 @ 1551 1300 & 1050 Trade is Live
Soybean Oil Daily Entry Triggered 39.50 1/2 @ 37.75 1/2 @ 37.18 44.00 Trade is Live
Oats Gar Fly on Daily
Wheat Daily Entry Triggered 722.25 1/2 @ 635.34 660 & 620 Trade is Live. Target 2 complete (covered 1/2 short at 655.25) (covered 1/4 @ 585.75)
Coffee Low Pattern Rank Alt Bat
Sugar No tradable patterns.
Cotton No tradable patterns.
Cocoa Weekly Entry Triggered 2866 1/2 @ 3210 2600 & 2200 Trade is Live Bearish Crab Pattern (1/2 stopped at 3085)
Currencies
AUDNZD - Bearish Deep Crabwe missed this trade but it was identified last week.


EURAUD - Weekly LookWe think this is following the Copsey 3 wave impulse model since wave 1 is clearly 3 waves up, and wave 3 is as well. We have measured
out the high probability zone where wave 4 could complete and reverse back up to new highs in a wave 5.


EURAUD - Daily Look Current pattern is Three Drives low / Wolfe Wave. Looking for bullish confirmation reversal



EURCADBearish Head and shoulders confirmed. Measured move target possibility 1.44. Measured move typical wave 3 is also aligning with head and shoulders
target.

EURGBP Weekly Look Approaching Bat Support


EURJPYTrade is Live, Sell stop entry triggered 140. Stops are all at 140.59. Measured move target 134. Analysis : Corrective Symmetrical triangle breakout.

EURNZDWeekly Bullish Gartley
EURTRYWeekly Bullish Bat
EURUSD Trade is Live. Sell stop entry triggered at 1.367. Stops at 1.3902 and 1.416. Potential downside targets could be 1.24 or new lows long term.
EURUSD Trade is Live. Possible Shark Support here. Keeping stops at suggested level on weekly scale
NZDJPY weekly TRADE IS LIVELooking to at on a break below 2 4 wave trendline. Very high ranking pattern symmetry. Clearly a 5 wave EW impulse with a Bat-
Crab in between wave 3 and 5. When we get a high ranking Ew pattern that also has a Harmonic relationship in the 35 wave termination points its a very high
conviction trade setup. We recommend 200% normal position size for aggressive traders. Sell stop to entry at 86.00, with stops at 92.98 & 93.99 respectively. Minimum
expected targets are 78 and 70.
Energy
Crude Oil WTITrade is Live Triple top Cup with Handle Break out. Buy stop entry 105.23, stops at 104.47 & 103.34. Target 112
Brent Weekly Large scale symmetrical triangle.
RBOB Gasoline Large scale Bat Resistance, Possible Diamond Top
RBOB Gasoline Large scale Bat Resistance, Possible Diamond Top
Interest Rates
US 30 Year Treasury BondTrade is Live. Buy stop for a long entry was triggered on 5/1/2014. Weekly Reverse Head and Shoulders bullish breakout. Stops are at
133.61& 130.83. Possible target measured move is 143.
Indices
SP 500 Daily Look.
Nasdaq Futures Bearish ButterflySell stop level 37.39, if filled stops at 3891 & 3833. target is 3600 minimum.
Russell 2000 Futures Daily Look Bullish Bat confirming reversal here. Suggested buy stop 1140. Stops are at 1138 &1120 suggested. Possible targets 1200 & 1270. Cur-
rent pattern caught a bearish butterfly right before it hit target 1.
Jakarta IndexUpdate : ENTRY Suggestion Not triggered yet. High ranking bearish Gartley pattern on the weekly scale. There is also nice symmetry inside the X and
C legs. This indicates there is some well behaved wave energy occurring in this market and should be high conviction trade. We recommend %150 bigger position
size than normal. Sell stop level revised higher to 4799. if triggered stops at 5381 & 5251 suggested.
Metals
Gold Weekly Possible bullish head and shoulders reversal pattern off of the Major harmonic support level zone. If neck line is breached at 1400 a small buy stop to
entry for long trade is recommended with stops at 1196 and 1153 respectively. Minimum measured move target would be 1650.
Silver Nice Bullish Bat setting up here . Suggested Buy stop entry 20.00 with stops at 1/2 @ 18.55, 1/2 @ 18.19 with Targets at 22 & 24. Also clear bullish three drives
pattern down here at the D zone.
PlatinumDaily Look. TRADE IS LIVE. Entry 1466 1/2 Profit were taken at target 1423 Entry Small scale bearish harmonic here. Pattern rank is moderate and we would
like a trigger hedge in case our silver and gold trades dont pan out. Stops at 1491. Target 2 at 1380.
CopperDaily Look Trade is Live Entry filled 3.13. stops are at 3.17 & 3.13. Target 1 is 2.95 and target 2 is 2.80
Grains & Softs
Soybeans Weekly. Entry Triggered 1440 Stops at 1601 & 1551, Targets 1280 & 1050 There is two separate harmonic patterns here both with resistance PRZ at the
1520 +/- region. Clear ABC up swing suggests a new down impulse should form.
Soybeans Oil Daily Look Buy stop entry suggested 39.50 with stops at 37.42 @ 36.87 if triggered. Target would be 43.50
Wheat Trade is Live. Target 1 Reached, Covered 1/2 position at 655.25. Covered 1/4 at 585.25. Stop for last piece is at 635.14

Cocoa Trade is Live. Sell stop entry filled 2866. 1/2 stopped out at 3075 Stops are at 3213. Bearish Crab Pattern on the weekly scale. Nice structure rating here. This
is a high probably trade set up. We recommend using 150% larger size on this trade. Targets are 2600 and 2200.
Portfolio Tracking
Sample Portfolio Tracking
In the effort to help our subscribers learn how to effectively manage a forex, futures & Stock portfolio we have build a sample portfolio tracking log that utilizes a
base $100,000.00 NAV starting amount for 3 separate portfolios; $100,000 for futures , $100,000 for forex & $100,000 for stock trades. In efforts to simplify this log we will
not include commissions or broker fees since these will vary from subscriber to subscriber. This is in no way meant to be representative of actual capital being man-
aged but solely for educational purposes to show the subscriber how we are performing with our trade suggestions and risk management. We will strive to keep the
most accurate trading performance statistics possible and also keep our log simplified and transparent.
-
Forex : We will assume a minimum trade lot size of 10 Mini forex lots for all FX trades unless noted otherwise.
(10,000 units of quote currency)
Futures: We will assume a minimum trade lot size of 1 standard futures contract for all futures trades unless noted otherwise.

Equities : %200 NAV of portfolio will be the base multiplier for share size. (rounded up to nearest whole)

Subscribers are responsible for calculating there own optimal position sizes in accordance to there own individual risk tolerances.

The information in this report is based upon public sources Aether Analytics LLC (we or us ) believes reliable, but no representation is made by us that such infor-
mation is accurate or complete. The views expressed above represent our personal and subject view as of the date of this newsletter, and we do not undertake to
advise you of any change in the reported information or in opinions expressed herein.

This report was prepared and issued by us for distribution to sophisticated investors, and does not constitute investment, legal or tax advice, individualized or other-
wise. Investments involve substantial risk, and the investments referred to herein may not be suitable for each investor. Investors must make their own investment de-
cisions in consultation with their professional advisors in light or their specific circumstances. The value of investments may fluctuate, and investments that are de-
nominated in foreign currencies may fluctuate in value as result of exposure to exchange rate movements. Information about past performance of an investment is
not necessarily a guide to, indicator of, or assurance of, future performance. This report is not an offer to buy or sell any security.

To the maximum extent permitted by law, Aether Analytics LLC disclaims any and all liability in the event any information, commentary, analysis, options, advice
and / or recommendations in the report prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

The publisher shall act with integrity, competence, diligence, respect, and in an ethical manner with the public, clients, prospective clients, colleagues and other
participants in the global capital markets. You may use the information provided at your own risk.

No representation is being made that the information will produce trading profits, or limit trading losses. In no event shall Aether Analytics LLC or its employees, repre-
sentatives, affiliates or contributing authors be held liable for any special, incidental or consequential damages, whatsoever (including without limitation, trading
losses or any other losses incurred) arising from the use or inability to use the information contained herein.
Symbol Entry Date Long/Short Basis Price Current Stop #1 Current Stop #2 Exit Date Exit Price Points or Pips P/L
EURNZD 4/11/2014 Long 1.605 1.58 1.570 5/6/2014 avg (1.575) - 0.03
NZDUSD 4/11/2014 Short 0.8635 0.88 0.89 5/6/2014 avg (0.876) -0.125
AUDJPY 4/15/2014 Short 95.00 95.72 5/14/2014 Avg (95.72) -0.72
AUDUSD 4/17/2014 Short 0.9325 0.910 0.88 5/3/2014 0.93875 -0.00625
EURAUD 4/23/2014 Long 1.488 1.45 5/6/2014 1.445 -0.043
GBPNZD 4/16/2014 Long 1.953 1.93 5/6, 5/15 Avg 1.936 -0.017
WTI Crude 4/22/2014 Short 102.58 102.58 104 5/1, 5/14 1 @ 99.00
1@ 102.58
+3.58, +0.0
Shanghai 4/22/2014 Short 2185 2171 2146 5/29 1@2144
1@ 2169.18
+28.41
AUDCAD 4/29/2014 Short 1.01 1.015 1.0123 6/4/2014 Avg 1.0192 -0.0092
30 Year 5/1/2014 Long 135.16 133.61 130.83
EURJPY 5/9/2014 Short 140 140.59
10 Year 5/9/2014 Long 125.05 125.58 125.37 6/4 1 @ 125.37
1 @ 125.025
0.295 +
Palladium 5/7/2014 Short 800 844.28 832.54 5/21/2014 830.13/844 -30.13 / - 44
Trade Log *Portfolio position sizing & P/L is based on the 2 sample portfolios tracked on the previous page
* Shaded row denotes closed trade
Symbol Entry Date Long/Short Basis Price Current Stop #1 Current Stop #2 Exit Date Exit Price Points or Pips P/L
Wheat 5/12/2014 Short 722.25 656.50 5/23/2014
6/13/2014
655.25 (1/2)
585.75 (1/4)
+67.00
+ 136.50
Cocoa 5/9/2014 Short 2866 3074 3210 6/4 1/2 @ 3074 -208
NZDJPY 5/29/2014 Short 0.86 92.63 90.23
Russell 2000 5/28/2014 Long 1140 1138 1120
Platinum 5/28/2014 Short 1466 1511 6/4 1/2 @ 1423 +43
Copper 5/30/2014 Short 3.13 3.11 3.15
EURUSD 5/15/2014 Short 1.3665 1.3901 1.4165
WTI Crude 6/12/2014 Long 105.23 103.37 104.47
Brent Crude 6/12/2014 Long 113.07 101.31
Soybeans 6/12/2014 Short 1440 1601 1551
Soybean Oil 6/13/2014 Long 39.50 37.75 37.18



Trade Log *Portfolio position sizing & P/L is based on the 2 sample portfolios tracked on the previous page
Sample Portfolio Performance
Performance Table
* Portfolio Performance is calculated only from closed trades
Feb Mar Apr May Jun July Aug Sep Oct Nov Dec YTD Jan
2014 0.0% -4.259% 16.16% 0.0%
2015
Risk Return Profile

Starting NAV 10MM
Performance YTD 11.21%
Performance since inception 11.21%
Max Draw Down 19.76%
Annual RoR 85.16%
Monthly Annual Compound Return 5.268&
Sharpe since inception 0.3682
Profit Factor 1.385
Appendix
Methodology & Strategy
Harmonic any component of a periodic oscillation whose frequency is and integral multiple of the fundamental frequency.

The periods of neighboring waves in price action tend to be related by the small whole number. - J.M. Hurst

Our aim with this report is to only focus on identifying the best possible trading patterns that are occurring in any given market. We utilize a variety of algorithms to
find specific geometric ratio wave patterns that have favorable risk to reward projected movements. Most of our trades are harmonic patterns and ideal symmetry
elliott waves in the tradition of H.M. Gartley, Larry Pesavento, Ross Beck, Scott Carney, R.N. Elliot, Ian Copsey & Bryce Gilmore. We blend all the best nuances that
we have studied and thoroughly tested from each of the noted analysts and have also developed some proprietary tools of our own for trade qualification, entry
and management. In terms of Elliot Wave theory we analyze waves in isolation for our primary trading time periods (daily & weekly). We dont believe in the
subjective nature of manually counting elliott waves but rather only focusing on 5 and 3 wave patterns that have perfect symmetry in regards to time and price. In
essence we focus only on waves we recognize to have high probability fractal structures. Meaning only if specific geometric symmetry is identified we then
investigate for a trade entry point. When the market is creating wave fractals that are not amongst our high probability pattern repertoire no trade is taken or
forecasted.

Common Newsletter Nomenclature
Pattern RankOur proprietary measurement system ranks patterns based on many variables within the internal structure as well as the macro technical environment
(longer term waves & trend). We will highlight these patterns but if the rank is too low we will not recommend a trade.

PRZPotential Reversal Zone, is also defined as our clearly defined level that a pattern must reach / test at least once in order to qualify as a harmonic pattern

Pattern NamesBAT, BUTTERFLY, GARTLEY, GARFLY, CYPHER, SHARK, ALT BAT, CRAB, DEEP CRAB These labels refer to specific harmonic 5 point fractal structures
that appear in the markets. Please refer to the USER GUIDE here > http://aetheranalytics.com/images/AetherConspectusUserGuide.pdf or full specifics and details
for each pattern

Detrended OscillatorOne of the only 2 indicators we will refer to in our charts is the Detrended Oscillator this is a proprietary calculation and is very similar to
RVALUE indicator laid out by Mark W. Helweg & David C. Stendahl in there book Dynamic Trading Indicators. We have found this to be a great tool in analyzing the
over extending to the up and downside of a markets normal behavior. It is also very useful for finding divergence point between price and momentum.
Appendix
These standing wave patterns represent the lowest energy vibrational modes of the object or complex system. While there are countless way by which an object
can vibrate (each associated with a specific frequency), objects favor only a few specific modes or patterns of vibrating. The favored modes (patterns) of vibration
are those which result in the highest amplitude vibrations with the least input of energy. -AE
Trade Management
We primarily recommend trades that have a minimum of 3 to 1 risk reward ratio. Initial risk (stop loss) levels we often util ize are (ATR 14, 1.618), (ATR 21, 1.272), (ATR
14, 2.5) (ATR 21, 3.0) from the entry price. Then a trailing stop from the current price is used with the ATR measures previously outlined. Entry technique is the only
somewhat subject process in our trading methodology. Users should always be aware that if a trade risk to reward ratio is less than 3:1 then the entry point, risk point
or minimum targets need to be revised. We always show 2 potential target areas for each trade. Once Target 1 has been reached we recommend at a minimum
putting the trade stop loss at break even. Typically we take 1/2 the position off at Target 1 and trail stops until target 2 is reached or we get stopped out.
Position Sizing

There are many different ways we suggest utilizing position sizing for your portfolio. For the purpose of this newsletter we will simply suggest our confidence rating in
the context of each trade. When we mention Normal position size this is size that you have determined to be most optimal position size for your specific risk
tolerance and trade management style. We will suggest 1/2 (50%) normal or 3/4 (75%) normal for trades we have slightly less confidence in & 6/4 (150%) or 8/4
(200%) for trades we have more confidence in. This is only a suggestion and should only be considered as opinion or commentary from us for each trade. We never
ever recommend betting the farm or going all in in any trade because it surely leads to ruin. One of our favorite Portfolio position sizing formulas that we
recommend is the following:

Percent Volatility Sizing -{ Position Size = (CE * %PE) / SV }- Where CE is the current account equity (NAV of portfolio, %PE is percentage of portfolio equity to
risk per trade (2%, 3% and 4% are recommended), SV is the stocks 14 day ATR






Author Bio

Alex Bernal, CMT
Alex Bernal is a Chartered Market Technician with many years of industry experience in the equity, commodity, currency, interest rate and derivatives markets. Alex
also holds a degree in Economics from the University of Southern California. Alex started his career at the Beverly Hills branch of Bear Stearns & Co. in the wealth
management division. Then in 2007 he moved over to M&N Trading, LLC. where he joined the prop trading desk where he specialized in statistical arbitrage in areas
such as global yield curve spreads and STIR futures. Here he was mentored by Veteran Trader, Anthony Lazzara, who was once the largest 5 year treasuries floor
trader at the Chicago Board of Trade and executed as much as $100 billion in interest rate futures contracts annually. Alex founded Aether Analytics in 2009 with
the intent on providing premier technical analysis research to his clients with a focus only on the methods that have been proven to produce quantifiable edge
through he scientific research process. Aether Analytics deploys an approach that emphasizes on the objective not the subjective and aims to reveal the
repeating market fractal patterns that traders or portfolio manager can utilized to manage risk or speculate for profit.

Alex has also been featured on many prominent news & financial blog networks such as CNBC, Bloomberg, CBOE TV, Fxstreet.com, Seeitmarket.com,
Benzinga.com, MTA.org, Yorba Media Radio & First Business News Network.


Contact
aetheranalytics.com
alex@aetheranalytics.com
+1.805.252.7161
Skype : alexbernal0