Gesundheit, Everyone!
… that sounded fun this morning :)
This most recent harmonic pattern in red, correlates to wave counts and indicators on the chart for our current position.
It is overplayed, and scaled and stretched (just a nudge) to better fit our current support (solid) and resistance (dotted) levels, and the most recent major movements (overlap area).
Whats this mean? Well, it is an inverse derivative of the SP500. It represents the spread between the 30 day future contract buys & sells. It goes up when the market makes big moves… and since we are pretty maxed out and rolling over the top, with a nice progressive increase in the VIX here, i would assume that means things are about to get real, as the market start cascading down the historic levels, that never got checked, due to inflationary practices, like stimulus money, and the the ponzu scheme o the federal reserve and central banks.
Karma will balance everything in the end. Here goes the balance of greed fueled capitalism! It’s gonna be a wild ride :)
Good luck, God Speed, Love & Light To All!
… that sounded fun this morning :)
This most recent harmonic pattern in red, correlates to wave counts and indicators on the chart for our current position.
It is overplayed, and scaled and stretched (just a nudge) to better fit our current support (solid) and resistance (dotted) levels, and the most recent major movements (overlap area).
Whats this mean? Well, it is an inverse derivative of the SP500. It represents the spread between the 30 day future contract buys & sells. It goes up when the market makes big moves… and since we are pretty maxed out and rolling over the top, with a nice progressive increase in the VIX here, i would assume that means things are about to get real, as the market start cascading down the historic levels, that never got checked, due to inflationary practices, like stimulus money, and the the ponzu scheme o the federal reserve and central banks.
Karma will balance everything in the end. Here goes the balance of greed fueled capitalism! It’s gonna be a wild ride :)
Good luck, God Speed, Love & Light To All!