EPS Warning Season approaches as we enter the 3rd Week of September.
Institutions know it will be dismal.
We have hit 2/9 within the NQ Decline Structure as can be seen in the Daily.
14060 opens up @ the 50 SMA, the NQ has been the last Index to begin the
move to the lower boundary.
It should be exceeded into October and begin to move to the 100SMA and on
to the 200SMA @ 13.7K
We anticipate a move below the 200 SMA.
Institutions know it will be dismal.
We have hit 2/9 within the NQ Decline Structure as can be seen in the Daily.
14060 opens up @ the 50 SMA, the NQ has been the last Index to begin the
move to the lower boundary.
It should be exceeded into October and begin to move to the 100SMA and on
to the 200SMA @ 13.7K
We anticipate a move below the 200 SMA.
Comment:
It is important to Note 14K, a large round number will be the Confidence Circuit breaker.
Presently the 1.618 Extension of the 709 - 523 resides @ 15408, the 261,8 @ 14222,
the larger 423.6 @ 14920.
We could see the 15K level act as a further Catalyst as Momentum Continues to build at 2/9 in the larger Daily Structure.
The VXN has higher Targets as well and it is vital it be used for Inverse as we have Targets to 30.59 in the coming weeks as well, 36.47.
Once the VXN clears 25.36 it is Blue Skies above.
Presently the 1.618 Extension of the 709 - 523 resides @ 15408, the 261,8 @ 14222,
the larger 423.6 @ 14920.
We could see the 15K level act as a further Catalyst as Momentum Continues to build at 2/9 in the larger Daily Structure.
The VXN has higher Targets as well and it is vital it be used for Inverse as we have Targets to 30.59 in the coming weeks as well, 36.47.
Once the VXN clears 25.36 it is Blue Skies above.
Comment:
The Monthly Draw is now 15708 - 14711
100% 15,709
76.4% 15,473.472
61.8% 15,327.764
50% 15,210
38.2% 15,092.236
23.6% 14,946.528
0% 14,711
The potential Monthly Measured Moves are as follows:
23.6% 14,475.472
38.2% 14,329.764
50% 14,212
61.8% 14,094.236
100% 13,713
138.2% 13,331.764
161.8% 13,096.236 ****
200% 12,715
261.8% 12,098.236
100% 15,709
76.4% 15,473.472
61.8% 15,327.764
50% 15,210
38.2% 15,092.236
23.6% 14,946.528
0% 14,711
The potential Monthly Measured Moves are as follows:
23.6% 14,475.472
38.2% 14,329.764
50% 14,212
61.8% 14,094.236
100% 13,713
138.2% 13,331.764
161.8% 13,096.236 ****
200% 12,715
261.8% 12,098.236
Comment:
On the Macro Front - Producer Prices rose at 8.3%+
The largest increase on record.
The largest increase on record.
Comment:
Gaps down are now open, the final 30 minutes proved to be the Power 1/2 Hour of Algo managed walk downs, easily visible on the 1Min Chart.
Managed Selling gives way to Gap Downs when Volumes exceed and swamp Bids.
This is ahead as BR/VG has $9 Billion in Futures Bids at their disposal Friday... it barely contained the a low participation Day with Closing Lows.
Velocities will increase once AAPL breaks 141s.
Managed Selling gives way to Gap Downs when Volumes exceed and swamp Bids.
This is ahead as BR/VG has $9 Billion in Futures Bids at their disposal Friday... it barely contained the a low participation Day with Closing Lows.
Velocities will increase once AAPL breaks 141s.
Comment:
TAX Rates will be changing into 2022.
Estate Tax, Gains Tax, Income Tax and more will begin increases that will place
further pressures on Financial Arrangements.
We will see Basis Calculations shift down with retro-active effective Date of January 1, 2021 at minimum, potentially to January 1, 2020.
The Public, as in 2008, will be stuck with a large Bill. Then it was $34 Trillion combined.
Now it will be significantly more.
The Bond Market is slowly coming to the correct conclusion that it will no longer matter in the coming years as the Rubicon of DEBT was crossed long ago - All hail Caligula's DEBT Orgy.
Taking the Proles and Hoi Polloi into submission, they believe, will do the trick.
It won't as the USSA becomes VZ, the citizens will awake from their apathetic slumber and rumble. Distrust in the Political edifice is crumbling.
The present TREND culminates in a complete collapse in CONfidence in Mid 2022.
A predatory, self-interested and extraordinarily corrupt System will begin to be brought to its knees in order to complete the roll-up.
Probably best to be outside the USSA then... as inside will be a serious bummer as the Technocracy unveils the Iron Fist beneath the Velvet Glove.
Lines are well-defined at present, the Go along to Get along vs. the those who value their Humanity.
If you can afford a Bering 77, we recommend one.
Estate Tax, Gains Tax, Income Tax and more will begin increases that will place
further pressures on Financial Arrangements.
We will see Basis Calculations shift down with retro-active effective Date of January 1, 2021 at minimum, potentially to January 1, 2020.
The Public, as in 2008, will be stuck with a large Bill. Then it was $34 Trillion combined.
Now it will be significantly more.
The Bond Market is slowly coming to the correct conclusion that it will no longer matter in the coming years as the Rubicon of DEBT was crossed long ago - All hail Caligula's DEBT Orgy.
Taking the Proles and Hoi Polloi into submission, they believe, will do the trick.
It won't as the USSA becomes VZ, the citizens will awake from their apathetic slumber and rumble. Distrust in the Political edifice is crumbling.
The present TREND culminates in a complete collapse in CONfidence in Mid 2022.
A predatory, self-interested and extraordinarily corrupt System will begin to be brought to its knees in order to complete the roll-up.
Probably best to be outside the USSA then... as inside will be a serious bummer as the Technocracy unveils the Iron Fist beneath the Velvet Glove.
Lines are well-defined at present, the Go along to Get along vs. the those who value their Humanity.
If you can afford a Bering 77, we recommend one.
A dip in below the 200SMA would indicate the possibility of a further correction
to the following levels:
100% 13,756
76.4% 13,329.312
61.8% 13,065.344
50% 12,852
38.2% 12,638.656
23.6% 12,374.688
Once the Selling completes, a retracement back up to 20,000 is possible.
It's one day at a time, step by step with measured moves and ranges continuing to expand into increased Selling.
Should the 200SMA hold, it will trade within a well defined range until it breaks up and out.
Can it come up short of targets?
Yes, it can.
These are large Ranges which will have wild Algo Whipsaws. The key will be the weakening in retracemennts to .382s and perhaps a lack of any retracements, but a managed move down into a Flash Crash on capitulation as Breadth is dismal and Volumes Down/Up is 8:1 currently.