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Elliottwaveideas

The Greatest Depression In Our Lifetime Is Here According to..The stock market is on the verge of an epic collapse set to occur now. The greatest depression in global economies that any of us have or will see is here according to this accurate model. My 'crystal ball' is not based on the quarantined talking heads filling air time with circular-referenced positivity in an utterly negative market. Some loyal readers are wondering why I have not publicly published in more than a year, and no it was not a jail sentence. Up until May 2019, I had been manually running and tweaking an algorithm based on Elliott Wave Theory. I ran my algorithm and model in June 2019 which forecasted the beginning of a major market crash beginning in the first quarter of 2020. You can find the public mention of it at After running the model and seeing what was to come, I needed to find a better way of running models in the future that is quicker. I spent the last year learning how to code and write computer programs. I knew there was a learning curve and it would take time, but I would be able to get much more work done in the future with the investment of time now. Previously, I manually studied about 5 stocks and ETFs at a time, and each one required hours of work and crunching numbers through Excel and Google Sheets. Now I am running algorithms against hundreds in a matter of minutes. My hiatus from public market forecasts has been worth it. Now back to what you care about, the looming market drop. My program calculated every wave according to my interpretation of Elliott Wave Theory for the S&P 500 dating back to June 1, 1932. This is the estimated date that the index began its epic 5-part Grand Supercycle Wave 1. I reference waves and durations based off of the chart on my website which is also floating around on the internet. Grand Supercycle 1 is comprised of 5 Supercycle waves which tend to last between 40-70 years, but there is no concrete duration. The cycle that I have charted has lasted approximately 21,671 trading days from June 1932 until February 19, 2020 which is nearly 88 years. These 5 completed waves have only ended Grand Supercycle 1 meaning we have just entered Grand Supercycle 2, which is a significant and lengthy correction wave. On average, corrective number 2 waves last about 16 years from top to bottom and are reflected in a 3 wave ABC pattern. Wave A (comprised of 5 waves) goes down, wave B (3 waves) goes up, and the final wave C (5 waves) hits the bottom. We are in the very early stages of wave A slated to take the market and index down for 4-6 years, which I cover potential causes below. Wave B is projected to rise over 4-8 years possibly creating a new all-time high (ATH) in the index before Wave C finally hits the bottom in 4-12 years after B ends. Although the index has charged hard and nearly recouped all losses observed during the early COVID-related shutdowns, the steam is gone. This 'V-shaped recovery' has been more mythical than actual recovery. The index is back to where it was before jobs were lost, schools were closed (forcing some parents to quit their jobs or find new childcare expenses), restaurants operate at half capacity or less, tourism died, travel was restricted across states, nations, and borders. The market says everything is fine, but the hidden reality is things have been propped up to appear great again on the surface. I input all of the data from the last 88 years into my program to reveal where the next market top will occur from the March 2020 lows. I currently have the index in Minor wave C of Intermediate wave 2 of Primary wave 1 of Cycle wave 1 of Supercycle wave A of Grand Supercycle wave 2. This means the end of Minor wave C will also end Intermediate wave 2 and beginning a new chapter down. The data from the minor waves were entered into the program to find reversal points. Minor wave A lasted 53 trading days and moved 1041.27 points. Minor wave B lasted 15 trading days and shed 233.39 points. As of the close of trading on August 11, 2020, Minor wave C has lasted 30 days having seen a maximum upward move of 381.27 points. My program returned 110 market tops and 110 reversal dates. I currently have the market topping between August 7, 2020 (Minor wave C day 28) and September 10, 2020 (Minor wave C day 51). This range was determined by the following chart of potential lengths of Minor wave C. The specific reversal levels and reasons for reversal are found on my website mentioned in the signature block below.
SP:SPXShort
by StockSignaler
13
USDCAD BULLISH RALLYThe USDCAD chart below is analyzed using both elliott wave and Demand and supply zone(the two most powerful technical analysis tools).The wave 2 of wave 3 extension is a potential zigzag in formation which on completion will end in the Demand zone(potential zone where buyers will come into the market massively) hence, a bullish rally is expected to end at the 1.618(no extension) or 2.618 (extension) fibonacci level as those are levels where wave 3 tends to end.The risk to reward ratio is compelling.......more pips guys....Kingofthemarket says hi
Long
by kingofthemarket