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.
NYA trade ideas
Target for us stock market (NYSE COMPOSITE INDEX) cap and handlefirstly : The NYSE Composite (^NYA) is a stock market index covering all common stock listed on the New York Stock Exchange .
the inverse cup and handle pattern, would lead as toward the red rectangle , which represent 10-13.5% fall from today's price .
the indicated zones consist of ; 2 strong supports , 1.382fib level , Hosoda target and cup and handle target .
this target would give us a correction of 30% from the ATH .
the pattern is unfortunately confirmed with the retest of the breakout . but remember , TA is only probabilities!
this is not a financial advice .
thank you .
WAVE 4 low is in place wave 5 in the Diagonal still intact We seemed to have dropped in a another 3 wave structure this only happened in triangles or diagonals open a book and learn ELLIOT WAVE before you open your mouth and make a statement. I studied ew from A.J Frost in letters back and forth in my 20,s NOT BOB
NYA this has been the wave count since DEC21 The chart posted is that of the NYSE this was my view since I wrote the coming turn in dec 8 2021 calling for a 20 % plus decline into oct 10/20 week target 3511/3490 in the sp 500 . The FRACTALS are all based on the DATA back to 1902
NYA, READY For the Next FLAG-BREAKOUT, Major EXTENSION!Hello There!
Welcome to my new analysis about the NYA, NYSE Composite Index on the Daily Timeframe Perspective. In the recent times the stock market did not showed up with a massive bearish inclination to the downside and bearish pressure unfolding due to stabilization dynamics that are still holding on within the market. Although not every stock within the market is bullish there are signs in sector stocks and stock indicies which are worthwhile to consider and especially in this case I detected a major formation developing now within the NYA, NYSE Composite Index.
As when looking at my chart now the index is still trading within this massive paramount uptrend-channel in which it has a substantial support within the lower boundary as the index already bounced several times within the index and already completed several bull-flag-formations pointing to a solid structure from where further continuations with consecutive highs have a high potential likelihood. What is also building a major support for the index within this range here is the demand zone marked in green in my chart, this zones builds a coherent support as the index already bounced several times within there.
Right now, the index is building the next bull-flag-formation marked in blue and as the index is finding support within the 100EMA in blue as well as the 200EMA this is building a twofold support here. Once the index has formed the breakout as it is marked this will lead to the final wave-setup to be the origin of the wave-E-Extension within the major wave-count reaching from A to C, therefore it will also be the origin of the wave C within the preeceding large wave-count-structure. This means that once the setup has shown up the first target-zone is within the orange level and above that the orange target-zone in the upper boundary of the large channel.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
NYSE (NYA)Huge rising wedge Here...
Looking for a dead cat bounce like the previous circles before heading to support .
This drop to support or weekly 50sma would take spy to 420-424.
From there we'll take another leg up or it's the end of the road and we're headed lower than Sept 2022 lows
THE REAL CRASH starts after the next new highThe chart posted is the NYA for my whole life in the trading and advising for over 41 year this is and has been the true market see my work in jan 2018 the true market peaked in sept 2021 and we have had classic wave structure since the oct low is the end of wave A and we have been in what looks to be the ABC rally to end WAVE B on a super cycle degree I still have us making one last gasp into sept 10 TH . if you look close at the nya chart you can see we are in the same place on 8/16 2023 as you were on Aug 16 Th 2022 BTW those were my major spirals called another panic drop into oct 10/20 focus on th 16 low was oct 13 target 3511/3490 low 3491 in the Sp and Nyse hit too the tick its target . we are nearing the end so be Patient .I have talked a lot about a panic into mid to late Aug . we are going to bottom within hours of this post and we will then rally in wave5 to end the ABC rally to mark super cycle wave B .
TOP WAVE STRUCTURE NYA targets are 17570 /18100 Would be using the chart posted to Help you to be selling out of I.T. AND LONG TERM positions as the blow off should go thru the top of this channel equal or near equal as it did in the panic into march 23 2020 gold ratio and spirals in time panic due 3/18 to 3/21 2020 posted in feb 2020 .I will be posting the spirals and more over the weekend into the new year Best of Trades WAVETIMER
NYA my top count wave c up of B The chart posted can now be labeled as wave c of wave B up . based on put/call and bullish view in investors reaching a level to which similar to aug 25th 1987 . I will take the short side using PUTS
Is the NYSE changing its rhetoric?The one-week chart shows a strong resistance level that failed to break 4 times. Now in its fifth attempts, which may be equally unsuccessful. The NYSE has encountered a strong level of resistance, as well as simple and hidden divergence. This does not mean that the index will fall, perhaps it is just temporary stop. A clearer picture of the trend is visible over the next week or two.
NYSE Same pennant as the Dow not surprisingly. Next week if this breaks out you will start seeing a broader rally .
Like the dow and IWM, today's move was mostly the product of a smaller double bottom that you'll have to go on smaller frames to see
Next week we will see if the outcome of this pennant.
If you look at the price action from Sept until now you'll a H&S, only until today did I see the pennant
Projection for the coming years!The major indices are making what looks like an expanding triangle (it is difficult to predict an expanding triangle before it completes). We can make some assumptions based on that:
1) The current decline is only a pullback and is considered a b wave in the larger E wave of the expanding triangle
2) Given B-C of triangle took appx. 6-7 years, we should expect the end of the E wave to be atleast 2026. ( THis is not a guarantee as I have seen instances where the E waves is slightly shorter in duration than the C wave).
3) The E wave can break the border of the A-C trendline, this may happen in the climate of inflation
4) A large-degree correction should follow the end of the E wave.
Overall, I expect the market continue to go up once this current correction ends sometime in early 2023, then we are off to the races again.
NYA bull countI had earlier published a bear count for the NYA. Well here is a bull count. Both are possible at this point. You want it to get past the 0.765 to 0.786 Fib Speed Resistance Fan to help confirm the bull market.
NYSE Composite (eurusd) Diamond Top FormationI examined the NYSE Composite index in EUR terms. The next process will be quite interesting. Good luck to everyone in these difficult times.
NYSENew York Stock Exchange .. 8000 securities listed here . In some ways , this is as important to keep track of as the S&P500 or spy.
If you look at the link in my previous you'll see we've fell outside a huge rising similar to that of XLF. Now a H&S is showing right at .382 fib.
We closed Friday outside our Daily Bollinger band and we are at our bottom levels for the RSI here. What I mean by "Bottom levels" is , The NYSE closed Friday with a 28 RSI handle; even at OCT and DEC lows we rarely cracked the low 20's.
If we break below 14,800 there's no support until weekly 200
With that being said I think we may bounce here at .382 fib with a possible upside of 15,200.
I
NYSE UPDATED SEE THE FRACTAL NOW The chart posted has never been altered . We are now in the LAST WAVE UP . in this BEAR MARKET COUNTER TREND RALLY. I will maintain that the cycle low due week of OCT 4th to the 20 focus the 10th target 3511/3490 WAS and IS the FIRST LEG DOWN. We are now coming to the end I am 75 % net long and the min target to peak is above 4222 I have ideal target 4308/4311 But feel 4255 plus or minus 6 could be the End The only alt is the outside target 4344 . I give this a 15% odds . I do feel that this is the HIGH of the year . I will be moving to a rare 80 % to 100 % short from 75 % net long. For most of you the only safe way to trigger this trade is to see the rally to above 4222 unfold over the next 72 hours. and place a SELL SHORT ON A STOP at todays low to trigger the short. The event that is nearing !! best of trades WAVETIMER ! May good only be watching over us !!!
NYSE , Major correction coming for the marketRising wedge Here, we closed on support today .
Once we break and close below support, A market correction will be in progress
NYA - Major bull trap getting ready to springFor the NYA (NYSE Composite Index) I see an expanding flat (circled ABC) finishing up with an ending diagonal for the C wave.
If so, get ready for a major plunge, most likely to the golden zone.
All Declines Are Not EqualIt is pertinent to remember that there are always stocks to sell into rising markets and stocks to buy into falling markets. Even in a general market correction it is important to distinguish that all declines are not equal under the surface. By that we mean that while prices may all head in a southern direction, what is important is the point from which that decline began in the more structural price pattern of each individual stock.
In other words, we seek to identify what the individual price patterns technically signify in the supply and demand factors underlying the decline. In the past, we have characterized declines in three distinct patterns (Fig 1).
Figure 1:
Chart Pattern A (Figure 2) for educational examples): Declines that may occur within the framework of a structural uptrend in a stock. This pattern would imply that the stock had emerged from a base, or from a secondary consolidation within an uptrend and has declined, or may decline, back toward (or into) that congestion area that now represents support (or an area of demand) for the stock; or pull back within an extended uptrend to create a new area of congestion representing support.
We would not expect stocks representative of this pattern technically to fall to new lows (although in any volatile environment, support levels can be temporarily breached). On balance, we would perceive these Chart A patterns to be among the market leaders, which could be bought into weakness with the longer-term trend in mind.
Notice price uptrends, breakouts through multi-year resistance levels; perhaps a secondary resistance level and the Monthly MACDs on Buy signals (rising).
Figure 2: Examples of Chart A: As an Educational Exercise FLEX, JBL, GFF, Monthly:
Chart Pattern B (see Figure 3 for educational examples): Initial declines, which break below an established support level following an extended uptrend, frequently defining a “topping“ pattern (see arcs) and initiating a structural downtrend for the stock. The Monthly MACD has moved into a declining Sell signal (see red arrows) often with a negative divergence. Patterns of this type can be expected to fall to new lows, often following a kickback rally toward the broken support, now defined as resistance (offering an opportunity to sell into strength), and to underperform the market during weakness (go down more).
This is the pattern to watch for with stocks and / or groups, to guard against a reversal of trend from positive to negative (from a trend of demand to one of supply). Some names that had continued to lift in uptrends during the initial markets’ decline through 2022 are now appearing vulnerable (see Figure 3 below).
Figure 3. Examples of Chart B; As an Educational Exercise UNH, LHX, Monthly
Chart Pattern C (see Figure 4 for educational examples): Secondary declines, generally occur in stocks that have experienced initial structural declines (Pattern B) in the recent past, and thereafter may have bounced into resistance (formerly support) where they encountered supply (selling) and have thereafter fallen back, sometimes establishing a trading range that is eventually penetrated once again to the downside, accompanied by a declining MACD, on a Sell signal; thus extending the structural decline already in place. New lows in price are generally established for the stock.
Such stocks experience their own private corrections and bear markets, sometimes even under the surface of a rallying equity market, as well as into an overall declining market. By virtue of observing the differing characteristics of individual stock declines, one can utilize rallies to sell weaker names, but also utilize dips to accumulate stronger names, as evidenced by which of the three chart patterns a stock portrays. However, in a general market decline, whatever the pattern, one might still consider overall protective measures.
Figure 4. Examples of Chart C: As an Educational Exercise AMZN, PYPL, Monthly.
Louise Yamada CMT
LYAdvisors LLC
Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
NYSE Composite Index WeeklyA breadth measure, the weekly has broken the down channel and survived a retest and is above the cloud. Similar pattern for SOX, XLF, and XLI. Keep a watch on the trend, it is a good tell for market direction.
The NYSE Composite Index is a stock market index that includes all common stocks listed on the New York Stock Exchange (NYSE). It is calculated using a market capitalization weighted methodology, meaning that the weight of each stock in the index is based on its market capitalization, or total value of all outstanding shares. The NYSE Composite Index is considered a broad market benchmark, and is used to track the performance of the overall stock market. It is different from other stock market indices such as the Dow Jones Industrial Average or the S&P 500, which only include a subset of the stocks listed on the NYSE.
Bullish on the daily McClellan Oscillator Since Jan 4, crossed to the bullish side.
The McClellan Oscillator on the NYA, crossed bullish on the daily and weekly.
Bullish since DecemberMcClellan Oscillator using the NYA. Multiple confirmations on multiple timeframes.
All Stocks with the Example of NYAIf the Strength of King$ matter for current Market Condition's, wouldn't it be reasonable to scale Indices to DXY and normalise ...? What Target of current Correction would we need to expect ?
