SPX 1W

test

Comment:

Today let me preface that we have done remarkably well in predicting the spx and dji with such accuracy that I was able to achieve 100x my initial investment. Fact -- It does not mean that I can't be wrong the next time. But it's 100% and I can't ask for more. We began in 2019 where I issued a warning that the stock market was unsustainably going to crash. I used the word crash, because wave IV was impulsive due to wave 5 ending the running flat correction of wave (B). Unlike A-B-C corrections there was no wave B to come 100% to mean of the top or even .236 retrace. It was straight down. What did I do? I counted the waves and wave 1 was the same length of wave 5 with 3 being extended. I'm doing the same thing today with you, but we're just looking at potholes in the road. In this full bull model we are in wave B of 5 of (3) of (5) of V. Now you can get the inception reference. Wave (5) of ((5)) of (iii) is $4694.9. Sky will fall then.
So in the interim we're looking at wave 5 of concentric 3rd of 3rd of 3rd. Support is 3709 or height without tail of wave 1. Look for invalidation if price can cross below that, which according to what I have in front of us, isn't possible on the bull model count I have. In short...there's no reason to sell anything and only buy from my perspective. Our swing plays are 6-12 months. Don't get caught trying to best the market catching knives that don't exist.

Comment:

So here we are correct on the averages but the individual equities do not represent what is going on at the moment. In fact it's been nothing short of stagnant. So I have reduced my positions across the board by 75% or more.

Trade closed manually