SPY head n shoulder formation we are at or near the end I am posting this chart at this time for what is good reason . The neg cycles from the spiral from 9/11/2001 is nov 3 but as stated we were closed until sept 21 and that is nov13 th so WHY am I going long Reason is the IYT dropped and held my line in the sand at 209.6 and that the DOW retraced to .786 to the tick . is that good enough to take the risk YES by Options and NOT futures .
DIA
Three peaks and doomed house Wave B Super Cycle degree.1974/2009The chart posted is that of the longer term super cycle wave B that started from super cycle wave 5 from 2009 low has stated that the 2021 dec forecast super cycle 5 th wave blowoff Parallel to 1907 to 1929 peak and that a correction Bear market would decline at a min .382 of the bull market with the likelihood more like a 50 % decline to 55 % Based on contraction of the FED BALANCE SHEET from 8.4 trillion to min of 4 trillion at a rate of 95 Billion a month has the Fed was at or near ZERO starting march 9 2009 and increased it at a rate of 60 to avg 85 billion per month since march 9 2009. Best of trades WAVETIMER
SPX ES - Welcome To The Fourth Quarter RodeoWhether you want to look at these markets like an American football game or the National Finals Rodeo/Calgary Stampede bull riding, this final quarter of the year is set up to be quite the fireworks show.
The new JP Morgan fund options collar is illustrated on the chart, but let's put it into text:
JPM is the seller of 41,000 calls with a strike of 4,515
JPM is the buyer of 41,000 puts with a strike of 4,055
JPM is the seller of 41,000 puts with a strike of 3,420
Expiry is December 29, 2023.
So if you believe that JP Morgan, the pinnacle systemically important bank in the United States, is the market maker, the crude logic is that the bank is incentivized to:
1. Keep price away from 4,515
2. Drive price towards/under 4,055
3. Keep price away from 3,420
Now, this is cool, but last quarter was an identical setup at similar strikes, and JP Morgan paid the calls it sold at 4,600~ and its own puts at 4,200 expired worthless.
A collar from a big fund is just a position and you should always remember the banks have the money to hedge, and hedge, and overhedge.
And their overhedges, when combining with the psychological effect on both retail and fund-level market participants, can produce greater profits than the simple cashing in of their ostensible public positions.
The problem for SPX and equities bulls right now is that if a new all time high was to be set, we should have bounced to start October. The meaning of this is that filling in the range of the giant June uppy candle is actually bearish.
Because it's fundamentally bearish, we have no reason to believe that downside pivots are not the target. Ergo, we have no reason to justify long trades as more than a single-or-intraday scalp until a significant low is taken.
And that low should involve the May 4,062.25 target.
A raid below that, a consolidation above 4,000, a manipulation raid slightly under 4,000 to eat stops, and then a rip back to take out "resistance" at the 4,634 double top before the end of the year AND possible run the all time high, is absolutely the trade thesis.
A raid on 4,062 happens to put JPM's long puts directly in the money and they'll be free to exit with profit.
Then, the bank can pay or mitigate the buyers of its 4,515 calls before expiry, all while making bears hate their life.
If this all plays out as anticipated, 2024 will be significantly dark clouds. Always keep in mind that 2023 opened in a straight line uppy, and year candles VERY rarely repeat their patterns twice.
What is "the bear thesis" really predicated on? It's not the Federal Reserve or such and such recession.
It's the situation in Mainland China. There's a total worldwide media blackout on what's going on inside China.
But how much longer can the Chinese Communist Party and the boundless and eternal sins of organ harvesting Falun Dafa's 100 million students at the hands of Jiang Zemin since July 20, 1999 continue forward?
The Wuhan Pneumonia pandemic has claimed millions and millions of lives inside the Mainland, and that's before the catastrophes from the Party's corrupt officials itself, and all the flooding and economic damage.
In short, the CCP will soon fall before our very eyes, and everything will change.
2024 Presidential Election theatre in the United States won't really matter.
If you want to have a bright future and happiness, you need to turn off the television, turn off the radio, turn off YouTube, get off TikTok, and go outside and be in your community in real life.
You need to cut the brainwashing and start valuing virtue again, start living like humans again, start thinking like a human again.
Heaven is watching to see who can stand against the Red Demon of the Chinese Communist Party's international "United Front" parasite campaigns.
Whoever can't is considered the worst kind of loser.
But for now, fade the so-called "bottom" at 4,250 and strongly consider buying 3,985.
Just make sure you dump it, dump it again, and cash out at 4,700 or 4,800.
The happy days humans dream of not only never existed, but are forever gone. Everything is about to become stringently serious.
$NDX breaking atm, $SPX will follow, can $DJI & $RUT hold?TVC:NDQ looks to be in SERIOUS trouble at the moment.
IF this is the case then the SP:SPX likely will follow.
DJ:DJI can hold, to a degree but wouldn't bet on it.
Let's focus on AMEX:SPY
Oversold daily BUT WEEKLY it has more room to go.
Also, in comparison to 2022, #stockmarkets are likely FURTHER along than anticipated. The chart we've been showing for some time.
Unless change FAST = 💀
We stopped being bull late Sept $DJI $SPX $NDXInverse Head & Shoulder Pattern on TVC:DJI is dissipating FAST.
(This pattern helps with bottoms)
🚨🚨🚨
It is GONE for CBOE:SPX , in fact, DANGER!!!
TVC:NDQ about to test support again. Could it be a double bottom or will it break through?
AGAIN, we stopped being on the BULL train in late Sept.
RISK is HIGH!!! VERY HIGH!!!
10Y & 30Y Yield losing more steamGOOD MORNING!
#interestrates look like they want to slow down a bit, short term top.
We see the 10Y & 30Y pulling back a bit...
But this is better seen intraday.
We'll see how that unfolds...
IF IT DOES, it could cause a sharp rise in #Stocks.
Coincidentally, DJ:DJI @ support & TVC:NDQ is near a major support.
TVC:TNX AMEX:DIA NASDAQ:QQQ
$DJI & $SPX leading, $NDX trails, but $RUT is shining!DJ:DJI is struggling here a bit but it looks okay, so far.
SP:SPX is in the same boat.
TVC:NDQ has been weaker recently but it moved the most out of the indices.
But look at this! TVC:RUT is shinning nicely today!
Looks like it wants to base here & maybe even move higher!
AMEX:DIA AMEX:SPY NASDAQ:QQQ AMEX:IWM #stocks
Stocks went from pump to dump, what's in store?#stocks went from basing & curling higher to topping and rolling over.
DJ:DJI had 5 green candle days. It turned to 3 red days.
TVC:NDQ bounced nicely but it reversed the hardest and FAST.
CBOE:SPX is in between both indices,
CBOE:VIX had a GOOD day.
WARNING!!! The more it hangs around here the MORE DANGER equities are in.
Have a great week!!!
$SPX almost like clockwork to 2022TVC:NDQ has traded back above the NECKLINE (from Head & Shoulders Break down) - Amazing!!!
DJ:DJI has not traded above and neither has the $SPX.
In this chart we see the SP:SPX illustrating the resemblance to 2022.
We've been showing this chart for some time now.
It's amazing how similar they are trading.
AMEX:TYD is running today (leveraged bonds ETF) likely an anticipated demand for "safety" causing #yields to fall.
SGX:SQQ NASDAQ:TQQQ NASDAQ:SQQQ
AMEX:DIA AMEX:UDOW AMEX:SDOW
AMEX:SPY AMEX:SPXL AMEX:SPXS
SUPER CYCYLE BLOWOFF IS ABOUT TO START MY most BULLISH VIEW .We have now ended a INVENTED HEAD N SHOULDERS BOTTOM THIS IS A WARNING IF YOU ARE AT ALL SHORT DO NOT BE >Five wave down in TLT a major ABC rally is in the cards and should see .382 this would be HUGE SHORT COVERING > I HAVE WARNED YOU IF YOU ARE BEARISH > !!!!!
Dow JonesDJI Chart
Checking some TA, which I should have done more thoroughly on SPY, I would have seen the obvious TA screaming we go higher.
Both the SPY and DJI technicals are stating we go higher. RSI, MACD, MFI, and 50MA are pointing to higher moves in the market. In fact, taking a look at the 10YR is another confirmation of where we're heading.
$DJI @ a support level & oversoldStated a while ago, not sure if we posted here but did elsewhere (see profile), that we had short term Treasury exposure @ 50% but it's 75% atm. (it's a placeholder until trend changes)
Should've been shorting the entire time down.
TVC:DJI @ support but this area has not been a strong level.
However, we are severely oversold so that bounce can be close & it can happen here.
Sticking with the idea that large bounces should be sold of shorted until the technical data changes.
#stocks AMEX:DIA
$QQQ Still in Up Sloping Channel NASDAQ:QQQ Until and unless NASDAQ:QQQ drops out and stays out of this weekly channel it seems obvious to me that bulls are in charge. Of course, that can change and quickly but until it does, I remain in the bull camp. This pullback and sideways motion should help set-up more stocks for good entries. All TBD.
So far, (it's mid-day on Thursday so a day and a half to go) we are having an inside week. That is worth noting should it hold thru tomorrow.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
$DJI at do or die!!!This is where we see how serious the decline in DJ:DJI is.
AMEX:DIA has not been this oversold since March of this year.
2nd Pic:
Right side = 15minute chart
The lower part shows the Relative Strength = RSI
At the moment is shows some positive divergence, higher lows as index falls.
This is the battle ground!!!!!!!
Keep in mind that the index has taken a ton of damage technically which is NOT good longer term. At least for now.
#stocks AMEX:UDOW AMEX:SDOW
BOTTOM is the SP 500 A double zig zag has ended into the target Last week I talked about the alt wave structure if we failed at 4521 . I stated that if we fail to break above this we would then see a abc or 5 wave drop to 4331/4303 the ideal target 4303 in a perfect world and that the VIX would see 18.8/19.8 worst case if the bull was still within the final advance . I also want traders to review the tlt post THE MAJOR LOW DUE and the DXY . I look for the sp to march to 4666/4731 from here I am now 100 % long and margin of 5 % and fully long calls today I also took a full 100 % long in IWM target has been met . best of trades WAVETIMER
$DJI broke Head & shoulder & long term trend yesterdayDJ:DJI broke the head & Shoulder pattern on daily charts. However, the volume was not heavy.
AMEX:DIA also broke the up trend from the bottom in 2022
SERIOUS DAMAGE has been done the last 30 days.
We can get a bounce here BUT being Friday, not sure.
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The previous MONTHLY BEARISH moving avg crossover on the DJ:DJI happened in June 2008. We all know that year.
The RSI in 2008 showed clear Negative Divergence & it formed a Doji (cross) at the top.
2008 bear > 14k - 7 = 50%
CV bear market > 30k - 18K = 40%
2022 bear market > 36 - 28 = 22%
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Using AMEX:DIA as it resembles DJ:DJI pretty decently
IF 2021 was the top, looking more & more likely as:
RSI did not move strongly
2021 showing Negative Divergence
AND the recent rally was SUPER WEAK!
(wanted to see a stronger relative strength)
But rates can now be dropped & they can come and save the day. Very likely scenario in 2024.
I am now 100 % net long wave B low is in place 55 day crash endI am now moving to 100% net long in dia spy and qqq we now have a p/c model buy and we have the 55 daycycle the CRASH cycle is today sept 21 all crashes have been 55 to 62 days from the peak the peak was july 27 th I will now look for a sharp rally to above 4541 and then will assess but fell that the final peak is oct 16th week plus or minus 3 days at or above 4666 to 4731
DIA is Ready For an Explosive Bull Rally | DIA Analysis Today💎Paradisers, turn your attention to DIA/USDT! The asset has just escaped a well-defined trading range and is setting the stage for a likely bullish surge.
💎If this breakout unfolds as we expect, get ready for a significant upward rally with DIA.
💎It's important to highlight the two verified order blocks in the shorter time frame. These zones are probable targets for the DIA, considering the liquidity present there.
💎Reflecting on past trends, we saw a transition from a demand to a supply zone, resulting in a significant price drop and targeting the previous Order Block (OB).
💎In the ever-evolving landscape of crypto, staying vigilant and flexible is essential. Keep those charts refreshed and stay tuned for more updates!
$DJI not showing much, indecisionTVC:DJI
Daily:
Closed lower BUT it closed higher than open (doji candlestick pattern). This is the 2nd day in a row it's formed a DOJI = INDECISION.
RSI struggling in 50 area and is not good for the bulls.
Weekly:
Trading above both moving averages.
The RSI hasn't crossed the sub 50 on this short term weakness. THis is good for the bulls.
AMEX:DIA #stocks
$NDX $SPX $DJI forming ominous patternAs we mentioned yesterday, the TVC:NDQ is poised for a big move some time this month.
After posting that, noticed this pattern. Was busy so didn't write it up.
Was out all day celebrating daughter & nephew's bday🎉
Do you see it on the DJ:DJI & CBOE:SPX as well?
We bring up the Head & Shoulder Pattern every so often. It signifies tops.
HOWEVER, this pattern needs the confirmation of breaking the neckline (bottom line - support), especially with volume.
TVC:RUT stays in channel the entire time
#stocks NASDAQ:QQQ AMEX:DIA CBOE:SPX AMEX:IWM
$DJI also forming symmetrical triangleOriginally worked on this 4hours ago
DJ:DJI is also at the 2022/2023 trendline.
It's also formed a Symmetrical Triangle - see previous TVC:NDQ post .
Daily, the RSI broke the downtrend but it completely fizzled.
Weekly, the RSI is holding above the 50 area BUT it is testing it.
IF it breaks this 50 area we will likely have more downside.
Monthly, STILL Above the short term averages since crossing bullish in 2010.
#DJI #Stocks