NYA
TOP WAVE STRUCTURE AVG BEAR MARKET 120 YEARS OF DATA CYCLES 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 Drought cycles and Population and coming default cycles . Did I mention the Baby boomers are at 26.7% of USA Population . and that this JAN 2023 SSA IS GOING UP A SMALL 9.8 TO 11.5 % . SO the standard of living of our children is about to break down . You will own Nothing and be happy !! . DID any of you think the war in eastern UKRAINE is about PUTIN . is is about RESOURCES NAT GAS and WHEAT aka FERTILE lands . The Water wars are set to begin . FARM LAND OIL N GAS and WATER are the only assets of VALUE . fiat money and Crypto are only used as a balance sheet . new home sale are breaking down due the steady increase of interest rates 40 year Bubble see Tulip mania and those who have a low rate are trap unable to sell as they would just be hot with the higher rates in the new purchase trapped as well as housing and stock prices over 120 of data we Always revert back to the MEAN..I have always lived by a few rules in investing my 40 plus years . 1] Never use debt in your life live well below your means 2] treat money like water in the desert 3 know that every Bull market is induced by the expansion of a form of DEBT and or the devalue of a fiat currency . to create employment to CONTROL the masses . see cares act 2020 expansion Money velocity to a total of 40 % of ALL money in US history . I learned at a young age from one of the riches men in the US from strong hands to weak and from weak hands back to strong on the CHEAP see 1907 1929 1973 2000 2007 2022 charts . I also asked him how do people get rich > He told there are two ways Inherit it and steal others people money .! he asked me what did I think So I said to him . then the simple life and man is the richest man for he does not want but to live a life of peaceful and simple for the GIFT OF LIFE n time are the true riches . I MENTION 1960 TIME VS NOW for GOOD REASON YOUNGEST USA PRESIDENT WAS LIGHT Till he Talked of the Secret Societies . That COVERT its citizens AND WAS SLAIN 3 weeks later . To Now The OLDEST US PRESIDENT A Time of DARKNESS AND DIVIDE AND CONTROL EVERYTHINK FROM WHAT IS A MALE OR FEMALE TO THE COLOR OF EACH OTHER SKIN FROM LAW N ORDER N PEACE TO HATE FEAR ALL . IN LATE 2021 I DID TELL YOU THE WAR CYCLE IS NEAR . 1917 10 % DIED in that revolution 1945 revolution 45 million died US CIVIL WAR NEAR 3% . And in Nov we will start to see a battle over the next two years with the Promises . this battle is Communism within the USA it is all based on the growth of the population exceeding. its natural growth and depletion of water . . remember this nov VOTE no matter what . if you DO NOT then stand ready to have everything you think cant happen in AMERICAN IS ABOUT TO . BEST OF TRADES WAVETIMER !!!
NYSE Composite Crash & Recovery ProjectionTaking 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 taking about 2 yrs for full recovery.
$SPX retrace back to neckline (headfake)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 this may have been a headfake, but i think selling in to rallies is the call of the day unless otherwise proven to have seen some sort of a bottom or a meaningful bounce.
SPX target remains at 3500 - another 10% down from this point. I don't think we'll see a bounce until this level is visited. RSI is oversold but it's got some room to go. SPX is now below the 100 week moving average as well - haven't been below this MA since March 2020. Very bearish.
$SPX Chart - Simple Sometimes Shows the WayAt 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 can be estimated by measuring the top to the neckline then applying the same distance from the breakpoint.
That puts us at around the 3400 level, which is also near a fib support level.
RSI also has bit more to go before being oversold. Speed and pace of decline to this point is unknown.
$SPX probably won't go straight down, but may test the neckline support level and retrace to test resistence here.
My general feeling is that those are opportunities to sell/short short term rallies.
Good luck everyone.
TOP WAVE STRUCTURE I AM BULLISH NOW 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
QQQ the BULLISH WAVE COUNT WAVE C DOWN ON NEWS 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 within the super cycle blow off before the CRASH world wide due OCT 10/20 BASED ON THE 20 10 4 2 1 YR CYCLES DUE AS WELL as the 9.2 month ALL are focused on oct 10/ 20 .BEST OF TRADES WAVETIMER
HIGH LEVEL SIGNAL IS NOW BEEN GIVEN C R A S H SIGNAL 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
NYA LOW DUE JAN 10 WEEK I need the nysi to get down to a from the 500 area to a minus 600 I have siad the avg drop in nysi if it fails at the 500 which it did should drop an avg of 1100 basis points . no change till that outside of C wave crash to which I THINK WE JUST STARTED SEE THE SP CHART POSTED THE ENDING OF WAVE B UP Look for a sharp C wave down. AND I think that will be wave A i.t. only BEST OF TRADES WAVETIMER
USA/GOLD: the truth about $SPX-Why is the SPX a lie?
For starters it weights the 500 most desirable companies and, to continue, its unit of reference is the dollar... an "unbacked" currency (as crypto fanatics say with some reason... people so blinded by their infatuation that from a half-truth they are capable of elaborating truths of a ton or even more).
-Ok, and what do you want to invent, wifi rebel?
There is no need to invent anything, luckily: besides the marketer SPX there is also the NYA that considers more than 2000 NYSE companies... and I believe NYA more than SPX, to make a long story short. And the dollar, although it is backed by much more than ink and paper (because behind this bill is the most powerful economy on the planet and not Argentina or Venezuela), anyway it has a lot of lies and the CPI (US Consumer Price Index) proves it every day.
-And what about that?
And with that it seems clear to me that we should not pay so much attention to the SPX or the dollar... especially having the NYA and gold to get a historical ratio that reflects the ups and downs in the romance between Mr. Gold and Mr. Stock Market (let's be inclusive).
-And why don't you put CPI into this ratio?
Well, I don't think it's necessary inasmuch as both constituents are equally affected by the depreciation of the greenish paper... so the ratio itself gives us ecumenical information on the binomial. Amen.
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Well, let's get more serious:
What we get concretely from looking at this ratio is HOW MANY GOLDEN CONTRACTS THE NYA CAN PAY OUT OVER TIME.
It's that simple and that far-reaching... because if we're going to bother with "FIAT money blablabla", well then let's measure the US market in GOLD and stop whining pseudo-arguments. Does it make sense or not? I say yes...
Now let's break it down:
1) the trend line below is impressive: it has three millimeter contact points... so precise that, somehow, they are backing up all the chatter I wrote above: the truth of the USA MKT is in GOLD and not USD;
2) seen this way bubbles and crises don't match sooooo much with the orthodox look in USD;
3) the "real SPX" is still bullish in very long term ... but since 2000 and the .com explosion it is still in bearish mode ... Yes: 20 years losing against gold, it's that simple ....
4) however we also see a very clear triangle figure... that was overcome to pull back to a millimeter throwback against that important TL... and now what we have is a very interesting resistance at 9.60 (NYA is paying 8.76 gold contracts and if it reaches to pay more than 9.60, "it blows up" a timberman would say).
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Conclusion:
I actually think all these arguments make sense, rationally speaking, and what I see here is very reassuring to me about "the current bubble" that has been talked about for a long time. Why? Because that bubble is measured in the "lie" of the dollar... so it is worth as much as a lie (i.e. nothing), and on the other hand in gold we have a symmetrical triangle of upward continuation that is about to be executed... with targets so astronomical that not even the most smokeseller "twistar" would dare to handle it.
Think about it...
NYA - SHORT - Will the pattern replay?NYSE - BEARISH
-Very similar historically bearish patterns presenting themselves in this chart. Weak price action and rounding tops currently present on top of multiple rejections to move higher. These patterns looks very similar to past bearish moves, the question is, will it replay? Looking at 150p drop if it plays out.