FX:SPX500   S&P 500 index of US listed shares
396 12 8
Swings tend to last 6 months and climb 16%.

The current swing is exactly standard so far.

One swing was greater in % and climbed 25% (9% more = Powerful wave 1 of III             )

One swing was greater in length nad lasted 7.5 months (1.5months more in very low vol             environement - Resilient wave 3 - heart of the rally).
look4edge
2 years ago
this one is interesting as tracking...
in current situation, esp. after dax broke 10150 and did not retraced more than couple hundred points i definitely quit all the top guessing and forecasting as damaging - every bear atempt was easy swept away, music is still on and very loud, yearly r2 and beyond?, who knows, maybe another gann...
i am tracking es/vix.sq ratio and it seems, that last week volatility drop cleared the way up, need to be confirmed by new ath

snapshot

snapshot
Reply
YaKa PRO look4edge
2 years ago
the market definitely wants us to throw in the towell. But I like it here actually, there might be something from here.
Reply
YaKa PRO look4edge
2 years ago
Look.
In the last 2 years, SP500 spent 99% of the day closes in this channel... This is not going to last forever... 27 months already...
Reply
YaKa PRO YaKa
2 years ago
snapshot
Reply
look4edge YaKa
2 years ago
yes but could be just at the start of w3.3 of last W5...
Reply
YaKa PRO look4edge
2 years ago
well - Everything is possible but my correlation reading is that if SP500 had wanted to be strong, it would have taken an earlier chance while DAX pushing hard....
Conversely, i think SP500 just managed to make a last kiss to tops thx to the dax strength..
Reply
look4edge YaKa
2 years ago
also possible, my point is that i quit relying on what i or whoever thought earlier or thinks now, im trying to let the market speak and this chart is telling me that cci is 2 yrs oscilating around 100 with no signs of weakness, adx at bottom, so new trend is about to pick up where odds favour uptrend, so, i need to accept it, whatever could i wish, unless proven wrong or faked

snapshot
Reply
YaKa PRO look4edge
2 years ago
ok that's wise. confirmation move down if close below 2040.
Reply
YaKa PRO look4edge
2 years ago
Food for thoughts:
The Global Head of trading at Deutsche Bank once told me:
The PB is bears that are wrong for too long is that they turn bull the moment it is about to fall.
Reply
look4edge YaKa
2 years ago
true of course, with me was it at dax above 10150 as am trading mainly dax, what is going there is beyond imagination of almost everyone, not mention retail traders like me
Reply
look4edge YaKa
2 years ago
now it is spx, where bears have to turn bulls... still not happened, too much bear calls around
Reply
YaKa PRO look4edge
2 years ago
You will always have bear calls - this is the market... but I am more interested in the many like you that threw in the towel. It is wise though, no dispute, but it does not mean the market will go up. As you say: let's leave it to the market now.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out