First Projection of Next Stock Market Drop
Operating under the premise Primary wave 2 was finally finished or will soon, this is the preliminary peak at Primary 3 down.
Here is the hourly:
I am displaying the daily with the play button so it will be viewable forever on TradingView as the hourly will eventually stop loading (years from now).
Things to note, Primary wave 2 was the third largest retracement of a Primary wave 2 inside a Cycle wave C in history according to my mapping of the S&P 500. I did not think it would reach this level, however, multiple models had secondary agreement of the top between 4515-4519 which was quite close. Will teach me not to ignore secondaries again.
The initial models are looking at Primary wave C lasting 505-690 trading hours. For this initial projection I plotted the end around 600 hours. The final bottom was projected around 3450, but the median model placed future Intermediate wave 5 below 4400. This current wave structure is based on the initial premise of a 600 hour duration and drop of 1071 points. Again the structure is perfect world symmetrical and not likely totally accurate. I am using this as a guide and will update as we move. Bottom line, something major has to happen especially in the Intermediate wave 3. Initial call is down to 4100 for wave 1, up toward 4325 for wave 2, down to 3700 for wave 3, up to 3900 for wave 4 and final Primary wave 3 bottom around 3385.
Will provide deeper analysis over the coming days.
What is the cause of this massive projected slide? China-Taiwan? Semi-conductor manufacturing issues? Debt Bubble? Baby Boomer House Downsizing (cannot happen that fast)? More credit rating declines? Russia? US political party uncertainties? New wars? Other Black Swan?
Here is the hourly:
I am displaying the daily with the play button so it will be viewable forever on TradingView as the hourly will eventually stop loading (years from now).
Things to note, Primary wave 2 was the third largest retracement of a Primary wave 2 inside a Cycle wave C in history according to my mapping of the S&P 500. I did not think it would reach this level, however, multiple models had secondary agreement of the top between 4515-4519 which was quite close. Will teach me not to ignore secondaries again.
The initial models are looking at Primary wave C lasting 505-690 trading hours. For this initial projection I plotted the end around 600 hours. The final bottom was projected around 3450, but the median model placed future Intermediate wave 5 below 4400. This current wave structure is based on the initial premise of a 600 hour duration and drop of 1071 points. Again the structure is perfect world symmetrical and not likely totally accurate. I am using this as a guide and will update as we move. Bottom line, something major has to happen especially in the Intermediate wave 3. Initial call is down to 4100 for wave 1, up toward 4325 for wave 2, down to 3700 for wave 3, up to 3900 for wave 4 and final Primary wave 3 bottom around 3385.
Will provide deeper analysis over the coming days.
What is the cause of this massive projected slide? China-Taiwan? Semi-conductor manufacturing issues? Debt Bubble? Baby Boomer House Downsizing (cannot happen that fast)? More credit rating declines? Russia? US political party uncertainties? New wars? Other Black Swan?
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
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