I have labeled this chart and till we get above 2889 once we do then this is THE TOP COUNT ALSO THE NYSE MUST GET ABOVE 13,040 BEST OF TRADES
Back in late Aug 27 2018 I had a cluster of fib and spirals due for a major top as the alt to jan 27 THE TOP from these dates I had panic cycles into late year . and projection low 2334 to 2279 the low cash 2346.7 I when had a forecast to project a new high into 3081 to ideal target 3181 . But stated along the way trouble into 2762 gann ...
AS LONG AS WE HOLD 2783 WE COULD SEE A PUSH BACK TO 2832 OR RUSH UP TO 2873 I WILL NOT SHORT IN THIS CYCLE
TODAY LOW IS 2377 WAS RISK ON AGAIN FOR SP AND IWM AND NOW BANKS
CYCLES AND WAVE STRUCTURE POINT TO A ANOTHER MOVE JUST AHEAD BASED ON IWM MY TOP COUNT IN THE RUSSEL 2000 IS THAT WE PEAKED FOR WAVE 1 UP OR X AND NOW wave A of a much larger ABC RALLY .I am bullish the iwm sector and some what in the FAS FOR NOW !!
THIS MORNING WE MAY HAVE AN ABC IN THE IWM A IS = TO C AT 147 AREA IF SO A NET LONG IS THE BEST TRADE HERE IN A COMPLEX STRUCTURE
IT SEEMS THE US $ HAS JUST ENDED AN ABC DECLINE AT A .50 % PULLBACK WATCH FOR A UP SWING STOP ONE TICK BELOW TODAY LOW
TELL to SELL OUT IS NOW in IYR 5 wave up or a minor one more but odds are now at 96 % of I T top in this index would look fro a drop at min .382 into mid march panic
TIMING IS EVERYTHING Back in late aug I had a fib and spiral turn sept 2 which based on a fractal gave me two downside target s 1 st 2334 2nd was 2278 the low was 2346.58 cash but in the NYSE AND THE DOW it was an near perfect .618 AT THE LOW AS WELL AS IN THE BANK SECTOR . So were to we go from here ? . iF we stop here into my fib projection...
LOOK FOR A DROP BACK TO MIN 2604
THE SP 500 AS WELL AS QQQ have hit over head res at fib .618 so far I see the structure AS NOT finished to the upside and as long as we hold 165 in qqq and 2679 I can now project a target in sp at 2761 +or- 1 for the top and qqq at 173.6 to 176.1 within 3 to 5 days BEST OF TRADES
TREND CHANGE WITHIN 1 TO 3 DAYS FIB TURN IN HYG HOW DEEP TELL US THE NEXT 12 MONTHS'
based on the equity put call model risk is high as well as my vix model are now in a full sell signal