NYSE Advance - Decline line raises concerns as it standsChart pretty self explanatory. The NYSE A/D line has NOT confirmed the recent closing highs and a concern for more upside gains after the Trump rally.
NYA trade ideas
MAJOR MULTI YEAR TOP FORMING NYA The chart posted is that of the NYA index .I have Not changed my Labeling or the Spirals . The Math is and has been rather Clear over the last 10 years and in fact going into the target low of 2009 march 9th . We have now entered the MIN target for wave C up or wave 3 of 5 of 5 at 19564 The targets call for this wave to peak 19564 to 20178 if wave 1 from covid low is to peak at .786 of wave 1 Jan 2 top 2022 .And wave C or 3 up at the same targets 19564/20178 The TURN due 10/10 to 19th saw the peak of 19901 and can be counted as 5 wave up .YET I can and have counted the rally as a abc x abc up which would mean we have One more rally above 19901 with it being at 20178 plus or minus 100 . .What if we had a blowoff ?? based on the Fractal of 2018 . That would mean a target of 22196 and wave 1 and 3 would be Equal. But in Diagonal waves tend to be .786 or .887 of the preceding wave Most of which have been .786 .This give me reason the believe we have a LAST GASP of EUPHORIA In the market just after the election into the 19th of the month ! .If we break the NYA 18,036 which is .786 market I would then confirm SUPER CYCLE TOP of wave 3 or Wave B Both are DARK Times Just ahead I ask you to see Gold chart and ask yourself IF things are so stable then Why would anyone be in Gold??? BEST OF TRADES THE WAVETIMER !! GOD BLESS THIS GREAT NATION !!!!
NYSE Composite Index New High!The NYSE Composite Index comprises around 2,800 companies. These companies span various sectors and industries, providing a broad view of the overall market.
NYSE Composite Index - New High! The NYSE Composite Index comprises around 2,800 companies. These companies span various sectors and industries, providing a broad view of the overall market.
NYSE Composite - Price Action Consolidated In A Triangle Pattern(1) The price was in an upward trend before reaching the 17,500 level.
(2) Following that, the price began to decrease, experiencing a drop of nearly 21%.
(3) After finding support near the 13,300 level, the price rose and broke through the neckline of the Inverted Head & Shoulder pattern.
(4) Subsequently, the price increased and is currently consolidating within a triangle pattern.
(5) If the price successfully breaks out, the potential resistance level will be around 19,650.
NYSE Stock IndexThis chart of the daily prices of the NYSE Index shows the secondary and tertiary stocks are up today in the face of a pull back in the broader S&P500 Index.
DJI/NYA afternoon analysisAn analysis for bears, as median lines of pitchforks seem unlikely to be tagged.
I like comparing the DJI and the NYSE; they both look similar in structure. The NYSA seems to have a "cleaner look" and (IMO) can likely be used to trade instruments going with and against the DJI.
The move off the October 2022 low, while impressive, looks corrective. Both the DJI and NYA obtained their ATHs on 20 May 2024. Unlike the NDX and SPX, neither have formed new highs since that time.
Both the DJI and NYA had what looks like impulse waves down from their ATHs, with corrective moves back up towards their ATHs.
The NYA has a triple combo down from January 2022 high to form an (a), a double combo (zigzag, green; regular flat, blue) up from October 2022 low to form a (b).
Bears now see the DJI and NYA looking for their primary (c) to complete the expanded flat starting in January 2022. Therefore, as long as 40077.40 holds as resistance for the DJI and 18421.9171 holds as resistance for the NYA, I'm looking for impulse waves down to complete the (c), with target bottoms below October 2022 lows.
NYSE Composite Index is at Support This daily price chart of the NYSE Composite Index is hovering above its support level after recently (May 15th) breaking out.
Technical Analysis Of NYSE Composite Index In Daily Timeframe
(1) After the breakout of the Rounding Bottom pattern, price has given a sharp upside rally and reached to its previous All Time High at near 18,340.
(2) After that, a sharp correction has been seen, which was quite natural. Price took support at near 17,380 level.
(3) Then with a strong up move, price made a fresh All Time High at near 18,400 level.
(4) 18,330 level will act as an immediate support level for the price and It is expected that the price will go up again from this level and achieve new highs.
(5) The overall sentiments will remain positive until the price is trading above the 17,380 level.
NYA, big pictureI think the NYSE Composite Index is very helpful in terms of showing where I think the major equity markets are, in terms of a five-wave cycle.
I have wave ((1)) ending in October 2007, wave ((2)) ending in March 2009 (Great Financial Crisis), wave ((3)) ending in January 2022 and wave ((4)) ending in October 2022.
I expected wave ((4)) to go deeper and get closer to the wave (4) of the lesser degree (COVID-19 bottom), but it did finish between the .236-.382 fib retracement drawn from wave ((3)) to wave ((2)), which is rather classic for a wave four.
The COVID-19 correction went below 10387.1680 (top of wave ((1)) ), so the COVID-19 of March 2020 can't be the wave ((4)) of higher degree.
I think the most likely count has us in wave 5 of (3) of ((5)), and that SPX, DJI, NDX, and RUT are all in the same place, setting up for a major top within the next 12-24 months.
The trendline provided a guide to stay in the market!This chart was posted on May 1st. 15 days later and the market hit new highs. The trendline was a successful guide to stay invested.
NYSE Composite Index - 5% correction - small base formedNew Trend Line established providing a new support base for price to continue its uptrend.
Disclosure:
Not investment advice. Not a recommendation to buy or sell securities. This is for educational purposes only. Investment involves risk to capital and offers no guarantees of increasing one's investment.
NYSE composite index chart for those trading in NYSE.Hello everyone
This chart can be so helpful for who are trading NYSE instruments and it is very close to Dow chart.
According to this chat we have had a rally in Oct 2022 and I marked it as wave 1/A Primary and then a textbook correction that ended with 14638.3728 in Oct 2023 (Exactly one yea later) and then another rally started as a clear 5 wave impulse and it is been a while that we are in a channel that might probably wave 5 minor.
There are 2 scenarios :
1- this bullish minor impulse was wave C of ABC primary that is making an expanded flat for wave 4 in higher degree or
2- it was just wave (1) intermediate of wave 3 primary and then we will see a HUGE bullish market for NYSE members.
Note: If you consider Kennedy Channeling (I love it) this channel is a terminated channel (wave 5 Minor) and it decline break out will be the end of wave 5 Minor.
NYA, entire historyEntire history of NYA. Looking for wave B of primary wave 4 (expanded flat) to top out soon, near channel trendline, looking for wave C to bottom out below 12000 but not go below 10387.1680 (top of wave 1).
NYA weekend updateLooking for B wave of primary wave 4 to top out as it gets closer to the upper bound of the parallel channel, C wave to complete in the 11000-12000 area and stay above 10387.1680
1/11 /24 and why nya has reached the trendlineThe posted was that of the nyse we have now reached the long term trendline . I am of the opinion that based on timing and math we are nearing the end of wave 3 of 5 we should begin an rather nice decline into april and then blowoff to the upper channel into may 11th
NYA Head and Shoulders setting up?Just any early thought on NYA and it overbought state, let me know what you think.
Its very overbought and you can feel the dip coming.
NYA, entire historyI think the NYSE Composite Index best shows where I think equities are at and where I think they are going. Primary wave 1 ended in October 2007, wave 2 in March 2009, and wave 3 in January 2022. Wave 2 is a zigzag that lasted 511 days and resulted in a 59.74% drop. Wave 4 should be any corrective structure other than a zigzag. It has been 784 days since January 2022 high. I am looking for wave 4 to be an expanded flat, as the area in the orange ellipse just does not look impulsive to me. I believe that the B wave of wave 4 is at or near completion and for the C wave to terminate between 10387.1680-11250. Good luck.
SEVEN SPIRALS JAN !)to JAN 18 A MAJOR TURN EVENTThe chart posted is the NYSE and I have not alt one wave within the count and We have 7 golden ratio spirals in time pointing to a FOCUS Point the week of JAN 10 to the 18th 2024 I am LOOKING FOR A WORLD WIDE EVENT If you look at each one of the points The Markets had HUGE MOVES that started. We are now also above the monthly Bollinger bands in the dji Everytime we broke above the band back to 1902 by 1.4 to 3.45 % btw we only had once 4.4% in 121 years The DOW had a sharp move to the downside 10 % or more and most were the FINAL PEAKS we are now 1.25 % above . BEST of TRADES WAVETIMER
NYA Market Top?Impossible for anyone to be too bearish given the recent 'generational bottom' that has been pushed by the majority of outlets over the past 2 months, but the larger count on NYA does not appear to be that strong, for all I know, we topped last week, and any signs of weakness may see follow thru for a pattern similar to the one shown in 2024. We'll see how it plays out.
NYSE (NYA) Consolidation - Decisions Soon?NYSE needs participation from small caps. The total market is not free and clear. Internals, Divergence, etc...becoming harder to trust to long. We will see which direction is confirmed
McClellan and NYA on the NYSE - There could be problemsThis chart seems to tell a different story than the SPX. I don't see a cup and handle, but liquidity just above us. Also the McClellan Oscillator is close to the extreme.
