MQP INFINITE REGRESSION INTERMEDIATE #007-6 CHEAT SHEET
PLEASE CLICK LIKE FOR SUPPORT!!
SUMMARY - First, replay #006-11:
Because of the high detail, you have to HIT REPLAY 3 TIMES to see it all. #006-11 was hands down the most accurate detailed work I've presented prior to this post you are reading (#007-6), AND WAS ACCURATE FOR 30 DAYS where there were no more boxes. However, I believe that #007-6, which is 45 min bars, WILL BE ACCURATE FOR 45-55 DAYS.
DETAILS - In the last 50 days, I've have thoroughly broken down which part worked, which part didn't, AND HOW TO PRODUCE SIMILAR WORK USING ONLY 7% OF TIME. If you've followed me for any amount of time, you've probably realize what the goal of this project is. Unlike #006-11 (which I stated was in a momentum channel and hence easier to forecast), this next 50 days or so IS NOT A MOMENTUM CHANNEL but a major trend change. That said, I am expecting to crush this forecast despite the differences. We are about to find out if the last 6 years has been worth a damn.
Links to #007-1 to #007-5 are below. Verticals lines on this chart are same as #007-5:
gray - ADP (of which there is one in less than an hour)
blue - FOMC meeting (also in less than 7 hours)
yellow - new moon
black - Non-Farm Payrolls
orange - consumer price index
red - producer price inex
BTW - I've said this previously, but again to clarify. Even though this post is a "short", short to 11/29. LONG ON 11/30.
SUMMARY - First, replay #006-11:
DETAILS - In the last 50 days, I've have thoroughly broken down which part worked, which part didn't, AND HOW TO PRODUCE SIMILAR WORK USING ONLY 7% OF TIME. If you've followed me for any amount of time, you've probably realize what the goal of this project is. Unlike #006-11 (which I stated was in a momentum channel and hence easier to forecast), this next 50 days or so IS NOT A MOMENTUM CHANNEL but a major trend change. That said, I am expecting to crush this forecast despite the differences. We are about to find out if the last 6 years has been worth a damn.
Links to #007-1 to #007-5 are below. Verticals lines on this chart are same as #007-5:
gray - ADP (of which there is one in less than an hour)
blue - FOMC meeting (also in less than 7 hours)
yellow - new moon
black - Non-Farm Payrolls
orange - consumer price index
red - producer price inex
BTW - I've said this previously, but again to clarify. Even though this post is a "short", short to 11/29. LONG ON 11/30.
Comment:
BTW2, here is what I see for Jan and Feb 2022:
Comment:
I mean that zone is consolidation, but boxes not forecast-able until 12/25 or later.
Comment:
Enjoy and good luck!
Comment:
THU NOV 04 9:49 AM ET.
GOOD: Right on time for first box at 1794.5 just minutes ago.
BAD: I stated in #007-5 that expected a lower high less than 1815 around FOMC, but the drop to 1757 following ADP is making anything above 1803 unrealistic before the next drop to second box. From regression perspective, bulls need to drive up harder ro make up for yesterday's drop.
SO?: Friday's Non-Farm Payrolls looks like a 60-70 point rug pull making 1740 by Monday.
GOOD: Right on time for first box at 1794.5 just minutes ago.
BAD: I stated in #007-5 that expected a lower high less than 1815 around FOMC, but the drop to 1757 following ADP is making anything above 1803 unrealistic before the next drop to second box. From regression perspective, bulls need to drive up harder ro make up for yesterday's drop.
SO?: Friday's Non-Farm Payrolls looks like a 60-70 point rug pull making 1740 by Monday.
Comment:
FRI NOV 05 9:00 AM ET.
GOOD: Turning down after 1800 right after NFP, first spike low 1785.
BAD: Nothing.
SO?: For the December rally forecast (the point of this exercise), hesitation for a day or two is good. With that said, momentum still calling for 1740's by 2 PM on Monday 11/08.
GOOD: Turning down after 1800 right after NFP, first spike low 1785.
BAD: Nothing.
SO?: For the December rally forecast (the point of this exercise), hesitation for a day or two is good. With that said, momentum still calling for 1740's by 2 PM on Monday 11/08.
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