Bunch of copy paste quotes on Fed Meeting, $DJI $NDX GREAT DAY!Apologize for the LATE post on this
We posted this elsewhere, documented, and bringing it here
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Yesterday
So, #fed tomorrow.......
We get 25, likely rally and fade next day or few days later
We get 50, likely sell off decently & then rally
This could reverse in one day or take week or more
#FederalReserve meeting
#stocks #crypto #inflation
Done for today :) Good day overall
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Early Today, after announcement-
Was at least expecting a pop first before the fall
Interesting day today
Maybe we get the fall and then the rally...
However how we end the day, the next day tends to be a reverse of some sort
$DJI $NDX $SPX
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After-
For a second we though we were going to get put (sold a bunch of put options when $DJI was off 340 points and $NDX was closer to day lows) a ton of #stock ROFL
Limits being filled, not being greedy
#crypto green
US #Dollar $DXY hitting lows (did say HISTORICALLY doesn't hold)
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We've been cautious #BULL for a bit & we need 2b weary of EUPHORIA
We're watching for that, IMPORTANT!
$VIX @ bottom trend (we'll know VERY SOON what's up)
#yield falling $TNX, 2yr not as much, hmmm
#stocks huge turnaround
#crypto as well
What about volume? Soon
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$NDX & $DJI BUY volume is still there but it's lowering
#DJI looking GOOD atm
$NDX NO slouch testing downtrend soon
#markets ARE IRRATIONAL
Look at volume, patterns & trend!!!
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Recent
Awesome #stock day today! Good for the week!
Raised cash again for trading
Have some longs still
$DOW $META (taking some off here), $KHC $INTC $ATVI & some others BUT aggressive TRADING still 1/3 in bonds, expire soon, & cash for tomorrow & other days
Done for day &👀direction
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Look at $RUT $IWM
RISK is ON ON ON
Has been on
Volume is ok
#stocks have been looking ok
$DJI breaking symmetrical = continuation pattern
Staying cautious BULL!
More haters of rally = GOOD!
Keep eye on EUPHORIA!
DIA
YOU need to see this now - THE DANGER LINEThis is a wave trend indicator on the S&P 500 index that is based on relative strength with straightforward oversold or overbought conditions. Relative strength is a measure of momentum where both speed (time) and magnitude (change) is measured and plotted with simple or weighted moving averages.
What you are seeing above is a snapshot of a RSI/wave trend of the S&P 500 index based on monthly candles. Understand that it takes the measure of a month of time just to get a single plot of data and this particular snapshot represents over two decades. But right before your eyes are very clear trends. The data is just pure and simple math and math does not lie. Ignore the news. Follow price, volume, momentum.. just follow the data.
I will try not to state my opinion too much.. and just follow the data. What I see on the chart is concerning. If this decline continues over the next month or two, momentum is going to accelerate and volatility go up while the market basically crashes... i.e. if the DANGER LINE is breached. I found it odd that volatility (VIX) has been quite docile considering the amount of downside we've seen in the indices this year. That is concerning. It is entirely possible that the September thru November monthly candles are positive and this trend finds support.. and the danger line is not breached. On the flipside, this decent can continue and really pick up speed and we see a 2000-2003 correction or 2007-2009.
Here is an overlay snapshot with those corrections to similar scale. That is what could happen if the current trend continues.. we could see 12-24 months of recession and very steep drops and sharp bearish reversals. Be careful, manage risk, consider hedging certain positions, and know that you DO NOT know what is going to happen.
FORECAST for 2023 is finally set PROJECTION 2023 low june 18 2022 forecast called for drop see dec 2021 projection a Panic low due oct 4th to the 20th focus on the 10th target was 3510/3490 . I also gave you the aug turn see august 2022 forecast peak and panic .We have now ended the last bull phase within the fractals and in spiral in time as well . We should see a break down and it should be rather sharp by APRIL 2/9 we should be near the oct low with a nice but muted rally into may 10th and then the last LEG down into june 18th targets are from 3170 to 2987 . then a year end rally into sept 2 . 2023 after this date we will decline back into mid oct to form a long term base best of trades WAVETIMER
$NDX looks better than $DJI, but it's no slouchPls see profile for more info
We limit data
as it's copy paste
We're cautiously bull $DJI, bit more on $NDX
But there's reasons:
#ECONOMY = TRASH
Tons of good lost jobs
Unemployment low but most BAD jobs & multiple jobs
#DJI RSI negative divergence (slight weakening)
#NDX RSI looks good & many green candles
$DIA $QQQ #QQQ #Stocks
DATA 1902 TO PRESENT 20 MONTH MOVING AVG TURNS DOWN SIGNALTHE CHART POSTED is that of the Long Term back to 1902 pre FED and Post FED . in each point posted the markets when the 20 month moving avg turned down . The markets confirmed True Bear markets and that the corrections in time were at a Minimum declining of 11 more months And saw the market drop back to the 100 month avg in each time . in the SP 500 THAT IS 2975 ! . Always trust ALL the DATA not cherry picking time !! BEST OF TRADES WAVETIMER
$DJI Inverse Head & Shoulder + Long term data on CrossoversThese are copy paste, pls see our profile
IF RIGHT Shoulder, $DJI Inverse Head & Shoulder pattern, holds = STRENGTH
1/2
#DJI RSI WEAKENING, Negative Divergence
Last 2 days good SELL volume
Some interesting Moving Avg Crossover data on next post
2/2
$DJI Bullish Moving Avg Crossovers TEND to last
There's been few times it didn't:
Late 99-Early 02
Mid 78-Early 80
June-July 60
July-Sept 56
Feb 47
July 47
Whipsawed 1948
Oct 40-Jan41
Sept 39-Nay 40
Aug 32-Nov 32
You get point
#stocks #DJI $DIA $NDX $SPX
$SPY / $SPX Head and Shoulders Pattern (H&S)?Looks to me that the $SPY could be in the process of forming a H&S Pattern on the weekly chart. I’ve drawn in 2 necklines which can also be called Lines of Resistance. For now, I have an alert set at the more aggressive downtrend line. However, it would not really confirm the pattern until it is decisively above the more traditional Neckline.
I did another post regarding $SPY and stated that it would make a good case for the bottom is in if we can get over and stay over 410. (Link below).
My posts are not meant to be trade recommendations. I may or may not take trades I post. If you use any of my ideas, please make them your own to fit with your trading plan(s).
$DJI still looks great - Inverse Head & Shoulder in play!Keep eye on intraday $DJI volume 2c how we're doing
So far NO anomalies showing trouble for this run
Great Inverse Head Shoulder pattern going
Monthly Averages DIDN'T crossover = VERY good
Barring something crazy, $DJIA may have enough for 1 - 2 year move
$UDOW $DIA #stocks
$DJI leading the pack & Bear close to be done🚨🚨🚨🚨🚨🚨🚨
Not sure how this was missed!😱
$DJI looks VERY VERY VERY good
Went FULL BULL late Sept/early Oct
Mid Nov went neutral to short term bear
Mid December turned cautious bull
NOW
GOOD signs that September was BOTTOM!
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This is daily & weekly
Inverse head & shoulder pattern = 1 of the best bottom forming patterns
IF right shoulder forms here = HUGE
We've spoken on light blue box area many times
Weekly $DJIA still looks GREAT
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BONUS
$DJI monthly almost gave up BUT HELD
Did trade below the avg's but fought back
NO Bearish moving avg crossover
$DJIA movement can buy more time
Maybe year or 2
RSI looks ok
$DIA $UDOW $SDOW #stocks