Summer Counter-Trend has more room for the upside.
The Monthly Risk Range is at extraordinary risk.
"Others" are getting it all together for the Early Fall Classic.
Extreme patience is required for the SELL, it will continue to develop over time, blink and you'll miss it.
Financial Media continues to caution Bear Market Rally without mentioning the extremes to which they can and have occurred @ 10 - 21%.
This one will fail as well as PE's become even more distended and detached from the collapsing NET's and forward Sales.
Summer has always been the time of year for Wall Street to begin the next Grift, this one is no different.
Cyclically - 8 weeks from the Weekly Pivot for time lined up perfectly within the 112 Week Cycle (111.8) with 2/3 weeks of Wally World left to complete.
$2 Trillion in Pocket lining Stimmy for the "Others" and the Assault Weapons (Rifle) debate on tap. Pelosi (CCP Ladyboy) suggesting a visit to Taiwan is in order... A FED who appears to prefer confusion and delay ahead of the Greater Collapse - all the while destroying the Labor Markets, while Buffet and his ilk prepare for Sharecropping the Sheeple.
56% at minimum will come off the Indices in the first leg lower. It will head far lower over the coming years exceeding the 4-year 90% cycle during the Great Depression, this will be far greater.
Concentrations are trending further towards non-representation of Humanity form every point on the Arrangement Curve.
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4472.50 would be a 20% RT from the Lows.
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Low Earnings Yields for the S&P 500 are an important warning sign.
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Inflation moves Nominal Prices higher for the S&P during normal Cycles.
This Cycle is an Inflationary Depression unseen in prior Cycles.
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Patience remains the Trade. The ES has successfully tested the 55EMA, it failed in prior attempts. Bull FOMO engaged further on the backtest.
Overbought for now, but possible spike to run stops prior to minor correction.
2022 best look BUlls have had all year, hope they take the bait for the Fall Classic, the Fed Pivot is all the rage for now - the weaker the Economy, the more Bullish for Stonks... ;)
I am quite certain the Shortest "Recession" in History is meaningful.
Opinions vary as to whether or not we are in a "Recession"... Political follies usually do.
8/8 Quarters of declining Real GDP do not.
Economies built upon Financial Arrangements...fail.
The Tragedy of the Commons is simply the lack of understanding of each succeeding Generation to recognize what it has lost.
HK_L61
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ES - MCO (McCellan OSC) is currently 159 vs 349 for the prior high, the TNX is targeting our preferred zone of 2.11 to 2.215 with 2.165 the PO on extension.
FOR TIIME - AUGUST 20th to the 22nd TO SEPTEMBER 4th/11th should provide the exhaustion Point for Wave 2, Wave 1 can now be more clearly defined as a 5 Wave Sub-Structure, which leaves "Wave 3" the far larger decline ahead. It will be a 1.618 to 2.618 of the entire Wave 1 Decline.... more than 1150+ which came off the ES and Far More than the 5,530 that came off NQ.
THE FED IS NOWHERE Near neutral, Eff Powell's BS, utterly dumbest thing he's said since Transitory...
Depression is the new Transitory... yeah, naw, it's not.
It's endemic.
CuzDelux
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would you elaborate on: "Financial Media continues to caution Bear Market Rally without mentioning the extremes to which they can and have occurred @ 10 - 21%. ? "
Also: "Inflation moves Nominal Prices higher for the S&P during normal Cycles.
This Cycle is an Inflationary Depression unseen in prior Cycles. "
HK_L61
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@CuzDelux, F-Media always has an agenda, always. They provide obvious cautions while fronting the clear trend knowing the outcomes, it's what they do not tell you.
Past Bubbles, Inflations and Monetary Frauds were far easier to obtain, they become increasingly fragile over time as the Financial Edifice weakens due to Structural and Frictional changes in its distortions.
The Wealth Divide is a clear indication, Lagos Nigeria is an early stage example, Greece, Cyprus mid-stage. Italy, Spain, Portugal, France, Europe... late stage.
There is no substitute for experience and hard work to build a pragmatic foundation for your "arrangements."
Opinions vary, mine does not.
The velocity of this decline is unparalleled in History, an important fact which should be carefully considered as it will re-assert itself again with further scope and scale.
We are approaching an extreme overbought condition again on the 2/4 Hour. A Pullback is to be anticipated this week. Then we will see where FOMO picks up the chase again as this cycle extends to 8/8 on August 22nd.
The War on Humanity includes Capital Stocks, all of them.
Opinions vary as to whether or not we are in a "Recession"... Political
follies usually do.
8/8 Quarters of declining Real GDP do not.
Economies built upon Financial Arrangements...fail.
The Tragedy of the Commons is simply the lack of understanding of
each succeeding Generation to recognize what it has lost.