NYA trade ideas
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.
WAVE 5 TARGET 4071 in SP 500 NYSE target 16290 Forecast for the end of this bull move from super cycle wave 4 low march 2020
MAJOR SHIFT END OF BULL PHASE DATA 1902 TO PRESENT We are now in the final weeks and days of the TOP. SPIRAL TURN IS HERE AND I am looking for a very sharp drop into april 2 from there a retest and minor new high on some into june 13 another drop into mid aug and final peak of peaks aug 25/sept 2 OCT CRASH IS IN STONE
Incoming Gann tsunami waveFrom an eagle-eye perspective, this is the most suitable wave structure and EW count I can see now. It lines up perfectly with W.D. Gann's astrological predictions, the economy (entering recession) and the current social sentiment (nearing end of mania). I believe bears were correct in saying that the March 2020 peak was the *true* end of the 13 year bull market. We since entered a delusionary expanded flat 'B' wave which was severely augmented and prolonged by extreme central bank and government intervention. The tsunami (wipeout) 'C' of (A) wave down should be arriving next. What I depict here is only the first of five waves down. I could be wrong yet again, but best of luck to all of you, whether you believe me or not.
[NYA] Is No One Tracking This or What?... Double Top Crescendo!I just discovered this.
Seems quite meaningful.
Failed H&S breakout?
Enjoy! B)
NYSE Composite fills its gap!The NYSE Composite, with over 2,000 components, has filled its gap from 2/24/2020. Now what happens? Well given the avg. returns in Presidential years, I would guess that the markets stay relatively flat until the end of 2020.
NYA PracticeChannelling between the D 50MA &
Straight Channel
M Support 12426 ( Broken on D 23rd Sep 2020)
M Resistance 13350 (Broken on W 13 Jan 2020 before crash)
D MACD Bearish Crossover
W MACD Looking Bearish
M MACD Bullish Crossover
H&S Formed which ultimately broke the support line on 23rd Sep 2020
Resistance Line Looking Stronger Than Support Line.
D Double Top Formed.
Super Strong Support on 11169 (See M)
Not Advice to buy or sell.
Bearish Head-and-Shoulders on NYSE CompTextbook example of a head-and-shoulders pattern. We have a strong bullish uptrend to reverse, which has been in place since March. The neckline is well defined and connects with the very important June 8th "internal top" for the markets. After June 8th, we began to see big declines in market breadth, which accelerated in August. The neckline also served as resistance during today's rally. This confirms our bearish outlook overall for stocks.
Another Taffer in the Shadows?This is the NEW YORK COMPOSITE INDEX. Please see my previous post just a couple of weeks ago about this drop and what to expect from here. Based on all the data I can muster to analyze, the correction is not over. It's possible that we rally and/or drift sideways into the election but this looks very concerning to me.. I keep hearing from too many people that the Fed has their back. They believe the Fed will hold their hand to victory into an eternal upward rally. I am not one to dismiss the melt-up scenario and hyper-inflationary end game, but this is what I see right now.. I see the potential for another drop. The bigger question- what happens after this drop? Do we have a 08-like melt-down or is that just another dip to buy in this bull run? We'll take it as it comes. Please be smart, patient, and immune to public sentiment. Think for yourself but study, study, study!
NYA : Only the SKY ist the limitMost likely followers know that I usually check an US Index also relative to US$$ Strength ... Since we all know King$$$ RULES!!! But Normalising NYA to current DXY shows us that we did not move any point since GFC !!! Are we at a "natural" limit. If yes we should start short selling !!!!
NYA BarometerPast Price has balanced with Future Time...it is only a Matter of Past Time balancing with Future Price. The trend line confirms.
Price structure of the NYSE compoaite IndexPrice structure of the NYSE compoaite Index, Ready to rise
The NYSE Is Leading Us LowerMuch like the major indices, the stocks on the New York Stock Exchange formed a rising wedge from the March lows which has since broken down. And, also like the other indices, it produced an island reversal top from June 5th through the 10th.
Though it has found support on the 50-day simple moving average (blue), it remains far below the 200-day simple moving average (orange).
One far more bearish characteristic is that on Friday, it closed below an eight-year trend line (green).
Once this cracks the 50-day, look for strong selling.
Long Term EW count for good fib hitsThis EW count has perfect fib hits if you measure it. I expect one more wave up to complete in Summer 2021 so Wave 5 is done.
