Right now, Intermediate 2 and therefore the Minor wave C track seem plausible. This is what tomorrow and possibly Wednesday could look like. Intermediate wave 2 was initially projected by secondary models to come in at 32 hours which is half the length of Intermediate wave 1. Minor wave C is projected to last between 16-24 hours which is the size of the green box,...
Time to view all possibilities after a weak Friday of movement. I have developed an indicator that identifies Wave 3s, wave 3 of wave 3, and the end of corrective waves (2, 4, or B) which can be found here: . Some wave 1 and wave A ends will get a signal, but it takes other analysis to identify those points. Applying that script to the chart at the intervals...
Best case--market is up tomorrow, however the high will be the highest high experienced for the next few years. See why below. Moved too quick? There is a possible chance Intermediate wave 2 completed today at the high within the first hour of trading. The forecast zone for ending price was 4519-4536 with a median historical target based on the most relational...
The selloff at the end of the day is exactly what was needed to maintain the projected top of Minor wave A. However, it is possible Minute waves 1 and 2 have now completed. This means Minute wave 3 could take the market up above 4515 tomorrow before cooling off into Minute wave 4. Minor wave A and Minute wave 5 end points have been updated based on the close and...
With Intermediate wave 1 likely in the books, I have projected the top for Intermediate wave 2. It won't be as high as originally thought. Minor wave A could end tomorrow or Friday and wave B could end Friday or Monday. The end looks like maybe Tuesday based on historical data. Intermediate wave 1 ended about an hour late today but the market roared after the...
Looks like the bottom is on track for early tomorrow Minute wave 5 should end tomorrow morning simultaneously ending Minor wave 5 and Intermediate wave 1 inside of Primary wave 1 of Cycle wave C. Minute wave 1 was only 3 hours long, and Minute wave 3 was only 2 hours long. This would mean Minute wave 5 should be 2 hours or less in duration. The quickest way to the...
Looks like the bottom is on track for early tomorrow Minute wave 5 should end tomorrow morning simultaneously ending Minor wave 5 and Intermediate wave 1 inside of Primary wave 1 of Cycle wave C. Minute wave 1 was only 3 hours long, and Minute wave 3 was only 2 hours long. This would mean Minute wave 5 should be 2 hours or less in duration. The quickest way to the...
The chart holds the expected movement for the beginning of the week if we are in the final wave down of Intermediate wave 1. Minor wave 4 moved nearly on target with a reversal at the maximum historically observed reversal point and ran one hour beyond the models, however it fell drastically as expected. That idea can be viewed here: I initially believed the...
The chart holds the expected movement for the beginning of the week if we are in the final wave down of Intermediate wave 1. Minor wave 4 moved nearly on target with a reversal at the maximum historically observed reversal point and ran one hour beyond the models, however it fell drastically as expected. That idea can be viewed here: I initially believed the...
If we are in Intermediate wave 1 down, we are likely near the end of Minor wave 4 up. Here is confirmation of wave 3 of 3 with the pink bars aligning in the bottom indicator at Minute wave 3 (green) inside of Minor wave 3 (yellow): There is a chance Minor wave 4 up has finished and was only 2 hours long. While the other likely option and one pursued in this...
Here is a very rough path if the end of Primary wave 1 is in October 2023 and above 4030. We are currently signaling a wave 3 of 3 meaning some sort of upward movement should begin within the next 2 days and possibly last 1-4 days.
Still awaiting additional price confirmation we are in Cycle wave C downward, but here is the current forecast if the current market top holds. My hourly program generated the usual waypoints based on historical data. Interestingly enough, Cycle wave A (the downward period between January – October 2022 was 1365 trading hours. Not to be outdone, Cycle wave B...
The index never dropped today, which points to the second thesis that we were already in the final Minor wave 5 upward. The SP:SPX is not clear on position and waves, however, the futures are much clearer. This 15 minute chart outlines the possible Minor wave 4 path from start to finish along with current position in Minor wave 5. The bottom for the market...
With our newest program online, we will relook at the market top from an hourly data viewpoint based on historical wave relationships. The first set will determine the expected behavior of Intermediate wave 5, and then Primary wave C will be examined. Current belief is the market is in Sub-Millennial wave 1, Grand Supercycle wave 5, Supercycle wave 2, Cycle wave...
Our newest system is online and in the Beta testing phase for forecasting waves. We will use this to project Minor wave 4 endpoints on an hourly chart. Based on historical data, models for waves ending in BC54, are broken into the following quartile retracement levels: 10.12%, 32.79%, and 40.09%. Strongest model agreement for length points to Minor wave 4 lasting...
Rescaling Minor wave 1 to the top on June 30, and the low three days later as Minor wave 2 would put market in or near the end of Minor wave 3 up. Based on models ending in C53, Minor wave 3 could last 6 days, with second model agreement at 9 days, third agreement is back at 2 and 4 days. Least agreement is shared at 11, 13, 21, and 30 days. Today is day 9 and...
Here is a recalculated path to possible market bottom IF the current market top is in. Key Takeaways: Not as shallow or long as initial projections For now the bottom could be around August-September 2024 and no longer at the end of 2024 or first quarter of 2025 as initially projected. The maximum bottom based on historical data is 2850 and not likely. At best...
Courtesy of the famous market psychology image from Wall Street Cheat Sheet. We will continue down, but it is only temporary. The market will be stronger than it is today in a few years