SP500 We have one downward channel that we broke and went up and formed a new upward channel. We are near the resistance line of this channel, we also have a liquidity zone (red box), which we have partially collected, I would expect that we can collect more liquidity up to 4465 and after that I expect a corrective move down to the first target 4100. The same...
In these charts I showed the bottoms of the SP500 in 1970, 1975, 2003, 2009 and a potential bottom in 2023. After each impulse from the bottom upwards you can see a small correction, but afterwards still continue to rise. My point with this analysis is that I don't see a deep dive down. But getting carried away with big leverage or all-in right now in this stage...
Just a quick recap of what the market did and my thought process behind trades that I took.
two targets 1: 100pints 2: no target just a trailing stop Concerns: the market reverses on monday as I dont really believe that the CPI data really justified a complete market shift fundementally but I am following the trend cautiously stop 100 points Trade rating 4/5
I overlaid the VIX on top of SPX. Lets take a look at history and some realistic poinst to bounce from mania phase. The SP500 is performing better than the nasdaq. We are about to have a death cross of the weekly 50 over the the 200 ema/sma, on weekly candle on both indexes. I did a over lay on the nasdaq as well and posted. VIX hasn't even spike. Technical...
We see a leading expanding diagonal. The target zone of five waves intersects with the support line of the higher timeframe. Wave rules are complied. Further, we expect a rollback towards the resistance line - wave B and a subsequent correction - wave C. A potential black swan that could happen would most likely be due to Russia's nuclear war blackmail. Best...
More theory A diagonal triangle is always subdivided into five waves. An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat. A leading diagonal always appears as wave 1 of an impulse or wave A of a zigzag. Waves 1, 2, 3, 4, and 5 of an ending diagonal, and waves 2 and 4 of a leading diagonal, always subdivide into...
Technically, we are repeating the same movement as in 2008. Breakout the trend line - test - and continuation of the fall. Fundamentally - the war in the center of Europe. The potential risks of aggravation of the situation and involvement of other countries. The probable default of many countries and sanctions that hit on both sides. Rising prices for oil and...
So I posted this about aweek ago and should be one of the two top bullish patterns I will know within 10 td
Based on a PCT wave a and C up are equal in the sp 4772 in the sp 500 And in QQQ at 403 area I do not feel the long side is valid Based on the charts of VT WORLD INDEX and IWM I will not be short as started . As the bullish alt also can be counted as a double ZIG ZAG down and the nysi reached near the target of a move 950 to 1100 . I will post ...
We just ended a wave 4 within the advance wave topped at perfect fib 4714 area and had a sharp drop we should now see a blowoff to pass 4714 to 4755 to 4781
I f we at anytime exceed 4752 then the alt target would be 4917 plus or minus 3 .I AM 95 % NET SHORT IN MARCH 474 PUTS
targets have been 4088 for sometime but as my models and the MATH can now give the ALT target 4181/4161 .this would make wave 4 equal to wave 2 on a % basis and is also the 200 day avg . So I will maintain 100% cash till oct 16th friday at a min in time and at a min a target of 4182/4162 .
If we dont NOT break the last low within 24 hrs Then I would look for the sp to then rally now into the target zone 4617/4676 before oct is over . As most traders who follow me over the last 40 some years . I almost never say maybe . But this window of time we are in is one of the highest risk time cycles since 1987 . based on my money velocity model
The 5spirals came in 6/-6/11 as the forecast and the min 0f 3.8 % pullback I was hoping to see 7.2 to 11.8 has now ended . we are just starting a blow off 5th into late JULY /AUG .I am working of the time spirals clusters
Everything can be seen on the graph. We are waiting for the approach to the price to the zone of interest, if it does not interrupt EQL .
I am 100 %net long and margin in 15 % calls