decided to make this particular post public, as a direct update to the last public midnight session (if you don't know what that is, you probably don't need to).
>i've shared both the bull and bear idea, and having the time to really observe the markets over the last couple of week including every possible factor which i could think of, i've gotta say - things really do look bullish.
70% of the whole market is short, which gives us incentive to squeeze higher, likely beyond anyone's greatest expectations. people are frightened for some reason, and jpow is ready to hike rates higher, which is bullish historically. the market will generally push up until jpow pivots, which he clearly told us at the jackson hole meeting that he is not going to do yet.
so i'ma bring up an old post of mine, one which really highlighted this situation nicely. if you are curious as to why any of this is even happening, i'd like to you read the original post:
it would be great if we have update for btc and alts mr elo 🙏🙏
joyfulKitten17769
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Why every asset will move up Dollar, Bonds, Equity, Real estate very confusing world. Hope others can make sense about this world.
Eloquent
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@joyfulKitten17769, the dollar will collapse beginning next month, and it won't stop until january.
orange369
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thank you for the post dumb question: Elliott Wave 1-5 count-up... "best" time interval (gauge) is day or week or month? Thank You
Eloquent
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@orange369, it works on every time frame. think of it like waves within waves within waves -- from the 15 second timeframe, to the yearly chart. there is no "best" timeframe, instead it's what works best for you ^^.
orange369
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@Eloquent, thank you after this week, changes? thank you
@Eloquent, That You next week, if market goes down: SPX first unfilled gap at 4115, SPX second unfilled gap at 3971. is your hypothesis invalidated at 4115 and/ or 3971? Nasdaq composite first unfilled gap at 12484, Nasdaq composite second unfilled gap at 11966. is your hypothesis invalidated at 12484 and/ or 11966? Thank You