zebra77a
Short

Market about to take a Dirt Nap?

AMEX:SPY   SPDR S&P 500 ETF TRUST
I have come full circle. A Deeper analysis of the 15 minute candles trend lines - have shown that we will see the double bottom VERY SOON unless by End Tuesday we get these vectors pointing upwards this is about to drop hard..

Why?

A. Compression of the time domain in the rallies (market is anxious to get out and not waiting to test high / lows)
B. The MA 80/90 are pointing to a small rally turn. That should come right after the wedge finish which just occurred.
C. The 'smoking gun' was the angle of the counter trend was too steep to be sustainable. It's already broken!!
D. The counter-rally already started to show decay vectors..
E. Vector X if it cannot be penetrated to the upside we are toast, then it must break to the downside and a 1500 point drop is around the corner..

The overall consensus if if this cannot break Vector X within 2 trade days AND we see more decay vectors coming we are going to see a BIG drop by the end of next week. Judging by the filibuster in the media this is very likely..

Comments

Appreciate the analysis. You’re calling for a 1500 pt drop based on what events or issues? Also you referenced a filibuster. Is that a govt shutdown or border wall filibuster?
Reply
Good analysis!
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