Here's where the big breaking of the bull trend may come in SPX. It might be made.
Here's where the big breaking of the bull trend came in the DJI of 1929.
The breaking of this 161 level has been the best leading signal of major market failure.
DJI
Nikkei
SPX?
Here we always bounce from the 161 to just over the 127 fib. If this signal is in play, someone would be able to make a forecast of the hard crash coming from around 4150.
Historically markets top when they reject the 161 of the last big drop, and they capitulation when they break the 161 of the topping swing.
We have both of these now.
Here's where the big breaking of the bull trend came in the DJI of 1929.
The breaking of this 161 level has been the best leading signal of major market failure.
DJI
Nikkei
SPX?
Here we always bounce from the 161 to just over the 127 fib. If this signal is in play, someone would be able to make a forecast of the hard crash coming from around 4150.
Historically markets top when they reject the 161 of the last big drop, and they capitulation when they break the 161 of the topping swing.
We have both of these now.
Comment:
Levels where major blue chips makes similar large breaks.
Comment:
I think under 3620 or so we'll start to enter more obvious "Crashing" conditions. A trend usually is structured and smooth for about half the move and then turns into a blaze of fury. We might be close to the fury. Capitulation swing down to 3300 would be the implied move if so.
Comment:
Real capitulation risk is now high.
Comment:
If this is coming we're into the final kicks of the bull and the big bear should become strongly apparent upon the rejection of this rally.
Taking short positions in indices, crypto and gold.
Long positions in Yen and USD.
If implied pattern plays out, we'd be 50% off the high before 2023.
Taking short positions in indices, crypto and gold.
Long positions in Yen and USD.
If implied pattern plays out, we'd be 50% off the high before 2023.
Comment:
Might be go time. Big kick out for bears. We'll see what happens.
Comment:
Not seeing things consistent with this. Made an exit of bear swing trades. Will look to enter again as a bear higher or lower.
Comment:
Planning to get short again somewhere in the 4000 - 4100 zone ideally.
Comment:
Entry strategy for the big short.
Comment:
That might be the start of it. Real crash might be starting.
Trade active:
Taking crash bets now.
Comment:
We continue to mirror classic break signals.
Trade active:
Tsking a lot of swing entries today around 3980 in SPX and also taking shorts in various other big stocks.
AAPl as an example.
AAPl as an example.
