MQP PRESENTS - AVERAGE OF EVERYTHING PART 5-1
HEADER - This is an incomplete draft of PART 5, hence I labeled 5-1.
SUMMARY - The blue and red boxes are color coded for separate ratios of curves. I need to repeat this 2 more times, then I will re-average for finished draft.
DETAILS - We closed Friday at 1988. This changes things a little but not necessarily what you'd expect. First, the retrace floor around 1935 is still in play and will remain in play for quite some time. This will be the floor all the way to 5/20 UNLESS price breaks above 2075 before that. I don't see this as likely right now. Second, the price is targeting 2070 before 4/20, maybe even before 4/05. I need more price action to forecast reliably. Finally, the current total forecast has 1935 getting hit 5/15-5/20, ahead of a rally to 2200 by 6/20.
NOTES - Will add with time.
SUMMARY - The blue and red boxes are color coded for separate ratios of curves. I need to repeat this 2 more times, then I will re-average for finished draft.
DETAILS - We closed Friday at 1988. This changes things a little but not necessarily what you'd expect. First, the retrace floor around 1935 is still in play and will remain in play for quite some time. This will be the floor all the way to 5/20 UNLESS price breaks above 2075 before that. I don't see this as likely right now. Second, the price is targeting 2070 before 4/20, maybe even before 4/05. I need more price action to forecast reliably. Finally, the current total forecast has 1935 getting hit 5/15-5/20, ahead of a rally to 2200 by 6/20.
NOTES - Will add with time.
Comment:
NOTES 2 - OVERALL CHANNELS TO MARCH 2024:
Comment:
a) so these will be the 6 dotted black lines
b) the target for FEB 2024 is 2500
c) most of the time, my bar size will be 3H, 90-min, or smaller
d) so you won't see what they are referencing
e) so refer to this if you need it
b) the target for FEB 2024 is 2500
c) most of the time, my bar size will be 3H, 90-min, or smaller
d) so you won't see what they are referencing
e) so refer to this if you need it
Comment:
NOTES 3 - THE INTERMEDIATE CHANNELS:
Comment:
a) for chart above:
b) these two sets are our background for next 12 months
c) I will go on from there later
b) these two sets are our background for next 12 months
c) I will go on from there later
Comment:
NOTES 4 - CHANNELS VS IRL 9/8 RATIO
Comment:
a) so I made the channels light grey to not conflict with the waves
b) at the top of the two channels is basically 2500-ish
c) dates would be roughly 12/01/12 to 3/15/24
d) I placed a black box to mark this area
e) IRL is turned on for ratio 9/8
f) I labeled the waves here with number of days for the major bold lines
g) so for example 288 means the regression ribbon for 288 days as the bold line
h) what you can see here is 1152-2304-4608-9216 ARE ALREADY IN ORDER
i) what price is attempting to do is to get 288-576 stacked on 1152
j) BASED ON ALL OF THE TRENDS COMBINED,
k) THIS WILL HAPPEN AT THE BLACK BOX roughly 2500 FROM 12/01/23 TO 03/15/24
b) at the top of the two channels is basically 2500-ish
c) dates would be roughly 12/01/12 to 3/15/24
d) I placed a black box to mark this area
e) IRL is turned on for ratio 9/8
f) I labeled the waves here with number of days for the major bold lines
g) so for example 288 means the regression ribbon for 288 days as the bold line
h) what you can see here is 1152-2304-4608-9216 ARE ALREADY IN ORDER
i) what price is attempting to do is to get 288-576 stacked on 1152
j) BASED ON ALL OF THE TRENDS COMBINED,
k) THIS WILL HAPPEN AT THE BLACK BOX roughly 2500 FROM 12/01/23 TO 03/15/24
Comment:
NOTES 5 - DRAFT 5-2 SOON.
a) for chart above:
b) so if you take chart in NOTES 4, and zoom x2 6 times (4D to 2D to 1D to 12H to 6H to 3H to 90min)...
c) you get this chart
d) so I labeled the periods for the waves in play
e) for DRAFT 5-2, I reverse engineer price boxes vs forecasted action for regression wave with period 9 days...
f) which in turn, is derived from all other waves combined
g) I will continue from here when I have time next with ...
h) our cross-examination with 3 more sets of regressions
b) so if you take chart in NOTES 4, and zoom x2 6 times (4D to 2D to 1D to 12H to 6H to 3H to 90min)...
c) you get this chart
d) so I labeled the periods for the waves in play
e) for DRAFT 5-2, I reverse engineer price boxes vs forecasted action for regression wave with period 9 days...
f) which in turn, is derived from all other waves combined
g) I will continue from here when I have time next with ...
h) our cross-examination with 3 more sets of regressions
Comment:
NOTES 6 - THIS POST HAS ENDED. HERE IS DRAFT 5-2:
Related Ideas
a. Price tagged 2010 ahead of schedule this morning.
b. Just tagged 1969 moments ago.
c. Please use caution as hitting 1935 is possible at any time between now and 5/20.
d1. Tactically speaking, you can go long any time with 2 things in mind:
d2. The floor is 1935 to 5/20.
d3. The ceiling is 2070 to 4/20 and 2200 5/20 to 6/20.
e. I have some followers requesting 22-min chart.
f. I want to point out that historically, their performance has left a lot to be desired...
g. ... despite so much detailing going in to produce them.
h. That said, I am working on something more detailed but can't promise anything.
i. I will post some background analysis for NOW TO 6/20/23 time frame to make the finished draft of PART 5 easier to understand.