IT SEEMS THAT ALL BOND INDEX ARE NOW SET TO RUN TO THE UPSIDE ONCE AGAIN AFTER 12 TO 18 MONTHS OF SIDEWAYS ACTION
For the last 18 months the HYG index corp debt market has been in a sideways pattern to which I wrote in great detail the over head fib relationship to which stopped the market in its tracks . But EVERY TIME IT MADE A LOW INTO THE 200 DAY AVG IT TURNED UP AS WELL AS ALL STOCK INDEX . THE CHART IS MY VIEW OF THE LABEL BASED ON MY FIB CYCLES AND MY WAVE...
CYCLES AS WELL AS WAVE PATTERN SHOW ME THE BULLISH CASE HAS MORE TO GO BEFORE THE BIG ONE aka THE TOP
SO FAR THE MODEL AND WAVE PATTERN FOR THE FORECAST HAS BEEN SPOT ON I SEE THE FINAL PEAK AT 1800 AREA OVER THE NEXT 2 WEEKS .BEST OF TRADES!! THE WAVETIME
I am sure that this is still as per forecast wave 4 low due into 3081 area plus or minus 3 I still have cycle projection now 3177 to 3162 no change and the vix model and hyg are just been setup to bottom again as of this post i am 50 % net long and now moving t a 65 % net long sp qqq and flat back in gold cycle low still due soon
I AM COVERING ALL SHORTS MARKET LOOK FOR THE LAST POP INTO 12/4
IT IS NOW CLEAR THAT A CLEAN 5 WAVES UP IS AT AN END .I have moved to a 50 % net short tues in qqq and spy iwm is nearing the taget zone of 164 plus or minus .5 and hyg is ending the rally gold i am net long nugt and wil take a 5% gain today and wait for last of cycles to bottom . the cycle low in sp is due 12/4 to 12/10 BEST OF TRADES
WE ARE NOW AT A .382 OF WAVE C PULL BACK A 5 WAVE UP IS STILL IN PROGRESS
THIS IS A POSITIVE FOR SP AND QQQ LAST RALLY TO 3152
The HYG has been one key reason the markets are where they are based on the buyback with cheap to free money. the news of the PUBLIC BEING ABLE TO NOW TRADE FOR FREE COMMISSION IS A SIGN THE STRONG HANDS ARE DUMPING STOCKS HELD FOR THE LAST YEAR AND MAYBE GOING BACK TO 2009 FROM STRONG HANDS TO WEAK HANDS AND TO BUY UP ON THE CHEAP IS A SAYING I LEARNED IN...
THE PROJECTION WAS GIVEN FROM THE BUY AT 142 AT THE .618 TARGET SUPPORT THE FINAL PEAK IS NOT SO FAR AWAY IN TIME MODEL AS WELL DUE JAN 11 TO JAN 26 LOOK FOR A MINOR PULLBACK SOON TO BUY CALLS I WILL POST MORE IN DETAIL SOON
LOOK FOR A VERY SHARP MOVE TO 1610 TO 1700 TODAY WE PULLED BACK TO A NEAR PERFECT.382 PULL BACK I AM NOW A FULL 90% NET LONG
the chart below is now setup to end a I.T. term correction into the season low due now to dec 15 and the fib pullback is my focus for a very bullish move into 1590 to 1710 into mid feb peak BEST OF TRADES
A SELL SIGNAL NOT TO HOLD STOCKS HAS BEEN GIVEN