Now we are in a thick moving sand. We need to drop much further to find solid land. A way of looking at the clouds is as if they are mud. We are dropping as if we are very big, heavy and slow. I have drawn some possible support levels. The upper 3 are taken from the DJI/M2SL ratio, and the bottom one is taken after we scale appropriately the GFC. We need to mind...
Please read to the end, for a probable explanation that falsifies this one. We are living the precise events that led up to the 2000 .com bubble burst and the subsequent 2001 recession. Now however, there was no blow-off-top event to make the two events identical. Back in 1998, there was a "black swan" event, which was more apparent in DJI/SPX. This was caused...
THE positive r14 day rsi has now setup what i used to hear from one of my good friends and mentor the late peter deserio from ew land a BALLOON UNDER WATER tends to jump up and out of the water !!!
THE CHART POSTED is now been labeled for students .For the RECORD I have NOT at anytime changed the way or any waves labeled . this is the forecast that has been in place sine dec 28th 2021
We have now most likely seen the turn . we will for the most part have the Bulls staying it is a re test and a bear trap into this OCT . But it is not most of the rallies going forward until we drop in 2700 to 1890 on the sp 500 will at most be.382 to 50 % . The Battle between Inflated assets { Debt based } And Food costs due the...
Wave structure is rather clear as the BEARISH wave count is now TOP DOG ! Look for a major drop to have started WORLD WIDE
TOP WAVE STRUCTURE WAVE B LOW IS IN PLACE .Look for a sharp counter trend rally into next week
The chart posted is to help guide all and understand NO MATTER who the fractals will repeat over and over till the end of time . I studied and wrote many times Mandelbrot as well as A.J Frost I thank both for teaching me as a young man
Taking the last 4 major corrections since 2000 averages for both % decline and length to recover to previous level gives a benchmark to consider relative to the current situation. - % decline 39.38% - length of time to recover 1,172 days So $NYA on average well bottom around 10.8k and recover mid-March 2025 Aligning relatively close to the current 200 EMA while...
After my last post of a bearish harami, the markets rallied to the upside, retracing back to the neckling support of the Head and Shoulders pattern formed on the SPX. While it seemed to have potential for a multiday rally, that was quickly erased by the dismal retail data on Wednesday and back to bear mode by the markets on inflation and growth concerns. For some...
At times like this, technicians may over analyze to explain and predict where we're going with the markets. But sometimes the answer is in the most basic and fundamental technical patterns/signals. $SPX has been showing a Head and Shoulders patterns since about a year back, and in the last session broke through the neckline of the H&S. The target to the downside...
Within a downtrend, I interpret this as a hidden bearish continuation divergence. En medio de una tendencia bajista, interpreto que el oscilador de McClellan está mostrando una clara divergencia oculta de continuación bajista.
90% net long option in calls still and 75 % net long the index across the board . most of my work and timing and models are in a place you DO NOT WANT TO BE SHORT AT ALL THE BLOW OFF WAVE 5
I have 2 counts I can see one is that this is wave one of a blow off .And second is a 5th wave to end the move not sure p/c in flat and all my model are at flat as well
We are about to see a new up leg into record highs in what should be a fast up thrust WAVE 2 was a flat and wave 4 is a triangle up Elliot WAVE STRUCTURE this a CLASSIC 4th WAVE under rules of alternation .Therefore I maintain will see an final 5th wave up to just outside the monthly bb at 2% above the bands to end the BULL MARKET FROM MARCH LOW2020
I wrote last week of a crash cycle I was looking for anywhere from 11.8 min today we fell short at 9.47 % of which that is a .786 of my drop of 11.8 % I am no longer bearish . the QQQ .I HAVE MOVED TO A NET LONG AND IF WE BREAK DOWN INTO 362 I WILL BE 100% NET LONG BUT DOUBT WE will see this . I now am looking at the drop has ending a wave 4...
LOOK FOR A CRASH OVER THIS WEEKEND based on the action in nysi and mco as well as put call and the wave structure and the fact the sp reached into my projected stop at 4818 BTW mass fib relationship the alt to 4818 was 4917 these are relationships going back to 2009 low
17770/18560 OVER the weekend I will post more in detail as to the nya targets and a wave structure in detail THE march low 2020 was perfect fib relationship to the 1974 low