THE LAST PRS IDEA.

THIS IS PURE PRS , NO USE OF FIBS, ELLIOT WAVES, NO FRACTALS, NO NOTHING.

Notes:

At the end of Friday I was 50/50 between the bearish scenario, which is --

-- and the bullish scenario, which is --

-- and I was not comfortable with this because it makes PRS pointless. Everyone knows what's favored if it breaks one way or the other and continue that direction. That is obvious. You don't need analysis for that. So I thought what was wrong with my process, and again realized it is the same set of mistakes made prior to the the last rally. Overdependent on methodology that are not are a part of what PRS is: wave counts, fib ratios, fractals, blah, blah. So I looked straight at the waves and asked: what are they saying? And they say this route you are reading. This is the final route I choose for the next 3 months. Today, I start on the next stage of my project which leaves no time to write on TV. So this is the last PRS idea. For what it's worth, if it doesn't take this route it is likely taking the first bullish scenario which is just over thinking the process again.

One specific note. In THIS route, we can hit 1840 on 9/4 or 9/7 and still bust to 2500 right before the election.

Good luck. And thank you for reading.

Comment:

And of course, what would happen after this scenario?

Comment:

Update: I am still holding back a bit too much. There is one more adjustment to make. Im looking at 3000. But maybe like 11/ 10.

Comment:

I will make 1 more chart.

Comment:

Update, 3000, but Jan to March window

Comment:

Update: Zone of weakness likely ends on Friday, next Monday at the latest with the floor around 1885.

Comment:

Update: Targets for pre-election Monday are 2360-2700, so 2530 is average. HOWEVER, a target above 2530 is 2:1 vs a target below 2530. That is to say, That while the average of these two limits is 2530, if you run regressions with minor changes both directions, the mean is 2530 but the median is likely 2.4% higher.

Comment:

Update:

1. PRS cannot entertain a target under 2400 prior to Thanksgiving.
2. PRS cannot entertain a target under 2650 prior to March 20.
3. PRS cannot no longer expects massive correction November to December window, unless the high end targets are reached in November.
4. A massive correction is unlikely if the November high is less than 2450.
5. Daily charts expect a massive run to top 11/15.
6. Weekly charts do not expect this rally to end until mid-March around or even above 3000.

Comment:

Update: Please understand that in the context of 2500, 250 pb is not a "massive correction". So Moving to 2500 and backing to 2250 before moving to 3000 is standard volatility.

Comment:

Update: The one blind spot I can see is 2500 early november 1850 mid December and a run to 3000 by 3/20. However, weekly curves do not say this is likely. I understand I posted a weekly chart a while ago that compared the run from 2003 with 2020. That comparison however, does not take into context that 2020 run is "1 degree regression higher". All this added together seem to suggest:

1) A massive wave to 3000+ by 3/20/21.
2) A massive correction to 2100 by 5/20/21.

Comment:

So go here for what that looks like, and I will also continue updates there:

www.tradingview.com/...T-PRS-IDEA-UPDATE-1/