You can find repeating patterns in VIX which are enlarged in scale..
Today we are literally watching a repeating harmonic forming in the markets that predated the 2008/2009 crash. If this follows suite the market crash could be a few weeks away and the DJIA should be watched intently..
There are 2 giveaways : - the repeating harmonic pattern this time on an enlarged scale. - VIX spikes occur fast!! Because VIX has been muted but at the same time the floor is elevating we are literally watching a repeat of B1 forming inside B2.
Point A1 functioned inside a climbing DJI before Point B1 elevated VIX region would cause large selloffs.. Point B1 to C1 and the C1 superspike would take DJIA from 13000 to 6700 by 2009
Today is the same building harmonic on an expanded scale and that would coincide with a DJIA of 25000 vs 13000 of 2008
Point A2 is a enlarged replica of Point A1 Point B2 is a enlarged replica forming the same pattern of area B1 and causing the same large selloffs as in 2007/2008. Except this time its with a 25000 ranging DJI. Point C2 may be extended out some weeks or come very shortly..
VIX superspikes usually occur VERY FAST because this has now started retracing we could see several weeks of turbulence in the B2 range box as B1 did before the super drop. My original analysis of 1-5 trading sessions is possibly adjusting..
Hi just found this post while searching for VIX charts. I am looking at spx 2715 which could be around 25k dji for the drop to begin. Do you still see this as possibility? Thanks!
UnknownUnicorn1694303
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In 2008/9 there was a VERY large Bear Trap that played in the down trend over several weeks. A 'double-bottom' is expected to form shortly and even make All-Time Lows and possibly fulfill the 1500 point DJIA drop expecting before this vicious Bear Trap will be sprung..
When you see the double-bottom make sure your long!
CodedFlow
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@zebra77a, on which time frame to have that double bottom formed ? :)
UnknownUnicorn1694303
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@LoLBeach, Should be ratio of the size of the drop and the time to form it.. If previous drops took X amount of time the time to double-bottom this one should be a repeating similar harmonic in the time domain... It could be a week of chop.. I do expect if the filibuster drags on another week we could see a the second double bottom very shortly.. even next week to be honest..
CodedFlow
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@zebra77a, ok - so we are somewhere on a wave 2 Elliot on NDX... on Weekly - understood & AGREED. filibuster :D
UnknownUnicorn1694303
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@LoLBeach, I expect a steady stream of false headlines of trade agreements or house agreements to possibly be played out to keep this in a range before the double bottom which will precede the Bear Trap.. Monday could be very telling!
CodedFlow
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@zebra77a, so far the news are steering straight and little margin of error is involved... - Apple is down in Asia, Sydney is crushing a bit on the real estate (Asian related reasons) - the rest you know... I feel that this is the straightest market to trade. I might be wrong.
UnknownUnicorn1694303
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@LoLBeach, Well expect fake headlines and 300 point rallies could be sprung delaying the second Bottom.. They have a penchant for throwing out piles of those to delay..