Evening gentlemen,
TL;DR: Low weekly Nov 28th, war in Russia, choppy bottom Dec-Jan capital flight from Euro to U.S. ala WW1/WW2. Rally till March at which time all hell breaks loose.
Also I'm making slowly beginning to make these charts more legible lol.
Summary:
This should be an interesting month as November is our strongest target for a low for 2022. Of course we have the election which is in absolutely no context going to be bullish lol. And appropriately there is a panic cycle on the weekly level during the week of Nov 7th. One thing to note is that the week for the BOTTOM has shifted to November 28th from the week of Nov 21st suggesting a major global event around that time. Of course I suspect it's related to the Ukraine/Russia conflict which may accelerate. The 101st airborne is now deployed near Ukraines border and the usual false flag or baby incubator stories should start appearing shortly. Lol.
Anyways as far as the chart goes we have a target and direction change this month with a panic cycle in December. Whatever happens the last week of November could cause a pretty sharp rally to occur up to our weekly and monthly resistance in the 340's - 370's over the next couple of months.
Quick aside just notice that we are in the middle of a failed channel below every weekly bullish reversal. In other words we haven't even reached resistance really. And look at all of those monthly/weekly bearish reversals. This is very strong support and makes a good spot for a low. Interestingly we treated the 2021 low as resistance on a monthly level. ( ͡° ͜ʖ ͡°)
Anyways:
Nov: Week of Nov 28th will have our low for the year or within a week of that.
Dec: Panic at the disco. Temp high maybe.
Jan: Chop shop. Probably a higher low from the looks of it.
Feb: Continuation.
March: This is our projected HIGH that could that should overlap into April.
April: Volatility begins to spike.
May: Volatility REALLY starts to go crazy. Maybe China enters the war or something? lol
That should cover it. I'll update as we get closer to each target.
TL;DR: Low weekly Nov 28th, war in Russia, choppy bottom Dec-Jan capital flight from Euro to U.S. ala WW1/WW2. Rally till March at which time all hell breaks loose.
Also I'm making slowly beginning to make these charts more legible lol.
Summary:
This should be an interesting month as November is our strongest target for a low for 2022. Of course we have the election which is in absolutely no context going to be bullish lol. And appropriately there is a panic cycle on the weekly level during the week of Nov 7th. One thing to note is that the week for the BOTTOM has shifted to November 28th from the week of Nov 21st suggesting a major global event around that time. Of course I suspect it's related to the Ukraine/Russia conflict which may accelerate. The 101st airborne is now deployed near Ukraines border and the usual false flag or baby incubator stories should start appearing shortly. Lol.
Anyways as far as the chart goes we have a target and direction change this month with a panic cycle in December. Whatever happens the last week of November could cause a pretty sharp rally to occur up to our weekly and monthly resistance in the 340's - 370's over the next couple of months.
Quick aside just notice that we are in the middle of a failed channel below every weekly bullish reversal. In other words we haven't even reached resistance really. And look at all of those monthly/weekly bearish reversals. This is very strong support and makes a good spot for a low. Interestingly we treated the 2021 low as resistance on a monthly level. ( ͡° ͜ʖ ͡°)
Anyways:
Nov: Week of Nov 28th will have our low for the year or within a week of that.
Dec: Panic at the disco. Temp high maybe.
Jan: Chop shop. Probably a higher low from the looks of it.
Feb: Continuation.
March: This is our projected HIGH that could that should overlap into April.
April: Volatility begins to spike.
May: Volatility REALLY starts to go crazy. Maybe China enters the war or something? lol
That should cover it. I'll update as we get closer to each target.