RSI lines crossing still at May 25th negating that spike due to manipulation before the last correction. What a shame. =FIB
If the duration of time is directly proportionate to the change in price from bottom to potential top, we are in for a rumble sooner than I may have even thought. I considered magnitude of this run, but didn't apply it to time. Doesn't necessarily turn out to be true, but if it is, boy we are in for a wild ride real fast. =FIB
Drew out come time cycles and put to call ratio parallels to see how long it would take for the shorts to get their juices fully squeezed out of them. Perhaps it could take until July before we see something really down. I was even thinking November or December of this year as well, but the cycles seem to be interesting nonetheless. If we see more stimulus, this...
Trend lines are converging as expected; however, even though we clearly should be heading down, perhaps to the 360 area (at least), there is still a chance, and a significant one at that, that we melt on up to the high 380s. With that in mind, all indicators are saying down right now, and RSI daily is trending down hitting lower highs. If we do see a break out...
We missed my retrace and the trend line which leads me to believe we are headed down to my old favorite number, 3777. Usually when this happens, it is sellers or buyers selling or buying just shy of a mark to dump and pump or pump and dump, depending on which side you are trading. From there sideways relatively, then finally up for the stimulus BS that I am sure...
...in a very bad way. Check out these trend lines from the correction a few months back and see where they cross and as what prices. Unsettling to say the least. =FIB
Hate to be a doomsdayist, but the facts are the facts and patterns are patterns. Just wanted to show how bad it could really get if nothing dramatically changes. "Fate is like a strange, unpopular restaurant filled with odd little waiters who bring you things you never asked for and don't always like." Food for thought: Much of the decline in the United States...
Everything seems to fall in line with nature (as usual). The new moon coming up on 2/11/21 may signify the stimulus arrival, or some other "positive" news, and a massive upward trend towards the 4000s. The full moon, on the other hand, set for 2-27-21, could indicate the opposite direction. Some details about this upcoming full moon (so appropriate): The Snow ...
Fitting with the schedule, I am imagining another 5 or 6 days of relative flatness. I think a retrace to 377.7 (my favorite numerically), is feasible in that time. This is also where we have the gap from yesterday so it should be filled today. I would then expect either the stimulus to move along further or some other excuse to send us into orbit to top out at...
Do we move up and blast through this final top trend line? I think so, but it might not be today. Just be aware of it so you can prepare just in case. =FIB
Using linear regression at 400 bars on the daily, I plotted how long before the previous crash we stayed above the 1 standard deviation. By my estimation, the durations seem about 2x as long this time around, which would mean we have a 20-day period below the line, and then a 36-day period above the line again before things start to really get ugly. Based on...
Seeing a potential bearish wedge forming on the RSI 30m denoted by the trend lines. Could be a sign of some downward thrust. ETA today @ 11:30AM PST, so relatively near the close. Could be perhaps a dumping around this time and then a ramp up to closing once everyone is cleared out. Still of the belief big money wants to pump this up in one last final hurrah....
The general consensus in the FX market is that the US dollar is about to soar. This usually means bad news for markets. Furthermore, Bitcoin is moving up, another sign of some downward movement potential for markets. We are a little early in the timeline for the big crash; however, February 2-4 have been consistent trend line crossing points. Based on this...
Seeing very traditional bullish waves happening. Thinking a minor retrace bouncing off the descending trend line, but then up to 3800 tomorrow to keep contrary to everyone's expectations and shorts. We shall see! =FIB
Plotted a potential finish to kiss the top descending trend line on ES. Could be down from there, not sure how much, but this ending to the day seems plausible based on the events that have transpired thus far. =FIB
Plotting RSI trend lines, we can see something is going to occur at end of the day today based on their crossing, and February 4th as well it is looking like. Which direction? My guess is up today, but no guarantee. Only certainty at this point and for the upcoming weeks, I think, is choppiness. I wouldn't go in either way yet until we break some trend lines...
We just missed the .786 retrace shown. If we continue to rise from here, target will be 3657 + 343 = 4000 exactly (coincidence??) on 2-18-21. If we head down again to kiss that retrace of 3653, estimate to head up will be 3996 on the same date. After that, watch out, and because it seems too obvious, I would be on the defensive long before that point because I...
Updated to be what should happen since we missed the proper retrace, but if not, previous post is true. If do go this low, prepare to float to outer space 395 in a hurry.