Current assumption is that Minute waves A and B are complete and the final Minute wave C should bring the market up early this week to complete Minor wave 4. The high for the week should occur prior the close on Tuesday. This analysis will point out the levels and locations to monitor for this event. An early peek of Intermediate wave 3’s final projection is also...
Now that Minor wave 3 has likely ended (62 hours later), the index is well into Minor wave 4 up. We could even be nearing the end of Minute wave A. Historical data indicates Minor wave 4 could last 21-36 hours with a final top around 4350-4387. It is possible the index is already in Minuette wave 5 of Minute wave A inside of this Minor wave 4. Looks like Minuette...
We will try to fit a few analyses into this one. First and foremost is forecasting the end of Minor wave 3 assuming Minor wave 2 ended in the first hour of trading on September 11. Based on historical models for Minor wave 3s inside of Intermediate wave 3s, the minimum movement extension was 119.45%, quartiles are 144.66%, 160.615%, and 197.56%, with a max move at...
NOTE: All times eastern. Current position is SubMillennial 1, Grand Supercycle 5, Supercycle 2, Cycle C, Primary 1, Intermediate 3, and likely Minor wave 2. As we likely settle into Intermediate wave 3, it is time to find the potential end of Minor wave 1. To recap: Intermediate wave 3 (magenta/purple numbers) is comprised of 5 Minor waves. Each Minor wave (yellow...
IF Intermediate wave 2 finally ended, this will serve as the current preliminary analysis for tracking Intermediate wave 3 down. Confirmation of Intermediate wave 2 ending will take at least 3 more days, so this analysis is subject to change. Based on the most specific historical models that are relationally relevant to an Intermediate wave 3, the quartile...
Based on today’s open, Minute wave 4 likely lasted one hour near the end of trading yesterday. This sets the table for an earlier high in the markets today before everything should go south for the remainder of the week. Using the most specific datasets for determining Minute wave 5’s duration points to it only lasting 2 hours with secondary at 3 hours. Fourth...
NOTE: All times are eastern time zone IF we are in the early stages of Intermediate wave 3, it is currently projected to last 154 to 174 hours with strongest model agreement at 168 hours. Historically, Minor wave 1s inside of Intermediate wave 3s move between 17.7%-34.14% of the larger wave’s movement. For example, if Intermediate wave 3 moves 168 hours, Minor...
BLUF: Down early tomorrow, finish up for the day, next possible near-term market top on Thurday. NOTE: All times eastern. The leading theory that does not bust everything has the index possibly back in Intermediate wave 2 and near the end of it. The far-right side has the levels of interest previously identified for Intermediate wave 2’s possible movement. All...
It is time again to map Intermediate wave 3 IF Intermediate wave 2 finally finished (again). Specific models point to a possible extension (pink lines) between 135.64% and 165.83% of Intermediate wave 1. Model durations could be 138, 147, 155, or 172 hours. While still specific, but slightly different wave relationship data is considered (light blue lines) next,...
NOTE: All times are eastern. New assumption is Intermediate wave 3 has not begun yet. Most of the forecasts have been accurate, at least through Minor wave 3. My wave 3 indicators have also flashed at appropriate wave 3 endpoints. Today clearly confirms the index is not where I had it so going backwards and re-testing is the next step. I am first returning to...
Here is the best estimate of where we could be now. Minor 4 lasted a little longer than forecasted but managed the moves up and down in line with historical models. It is possible Minute waves 1 and 2 inside of Minor wave 5 have already completed. If that is the case this is the plan for Minute wave 3. I have kept the Intermediate wave 5 levels to the far right,...
My SPY analysis is pretty much aligned with the CBOE:SPX index Here is the best estimate of where we could be now. Minor 4 lasted a little longer than forecasted but managed the moves up and down in line with historical models. It is possible Minute waves 1 and 2 inside of Minor wave 5 have already completed. If that is the case this is the plan for Minute wave...
This is the SPY equivalent movement based off the main index analysis: Click chart for full analysis
We are likely still in Minor wave 4 moving upward. It was originally forecasted to last 7 to 10 to 13 hours. The 7th hour will be the first hour of trading on Monday. The 5 minute chart has a potential wave structure so far if we are inside of Minuette wave 3 inside Minute wave C upward: The market could open upward or move up in the first hour of trading. The...
We are either still in Minor wave 3 down or may have begun Minor wave 4 up. Based on the current data, Minor wave 4 should last 7 to 10 to 13 hours. The 7th hour is near the close on Friday and the other targets would be Monday. After Minor wave 4 up is completed, Minor wave 5 should take the market down some more to newer lows next week. Minor wave 3 so far has...
IF Minute wave 4 ended basically at the open today, here is the next move lower. Minor 3 historical levels appear to coincide with Minute wave 5 endpoints. It looks like a solid bottom could be established today before the close. Looking at the low below 4380. There is still a chance Minute wave 4 will move up, however, the extension levels for Minute wave 5 will...
IF Minute wave 3 (green) ended today, tomorrow could see an early morning high around 4433 before moving into more declines later. 15 and 30 minute chart triggered wave 3 of 3 and macro wave 3 signals seen here: The first signal was probable Minuette wave 3 inside of Minute wave 3. The second signal was likely the end of near the end of Minute wave 3. This...
Here is the path if Intermediate wave 3 began after the first hour of trading on August 10. Not only are we possible in the early stages of Minor wave 3 which should see drastic movements, we are nearly in Minute wave 3 of Minor wave 3 which should see a large drop. A midday drop is less likely so this could really be felt with a gap down on Wednesday....