If you're new to reading my posts or following me, you should probably read this 1st post ( Click here to read 1st first) I put out to give you some context before reading further. This morning I updated my followers and said. "I would like to complete our 5th wave of minor sub wave iii today with a breach of the June Lows." (click to read that post) We...
SPY on the weekly chart is obviously in a long downtrend. Using the up trend from the Covid Crash to all-time highs the first week of January and then a retracement, price is presently between the 0.382 and 0.5 Fibonacci levels for the past two weeks with big range downward momentum candles seen. The Mass Index is in mid-range while on the MACD indicator the...
There is a down channel that now has just brought us back into a very big up trend. Today will be looking to see what the market is going to do in relation to last week. Last week we had negative month, negative week and negative day after day. Today has anything changed? Only thing i have to ask my self.
Here comes the boring part of this pattern till we bottom. What we have left is a series of 4's and 5's. So, where as we could still get down to 3280, it appears we're going to systematically step lower fashion completing this remaining 4's and 5's. I would like to complete our 5th wave of minor sub wave iii today with a breach of the June Lows. Let's see...
Overnight it appears we have completed our sub-minor wave iv ( If NOT 3730 should contain any upside price action ) and possibly today we will complete minor wave iii of the larger wave 3 down. I expect sub-minor wave “v” of minor wave “iii” to complete close to or slightly below 3600 possibly as soon as today. From there we will have a minor iv and v of the...
Here are the new cycle patterns for next week and beyond. Let's see how the market react to the Excess Phase Peak Phase 3 support (June lows). Failure of this pattern at this point could prompt a big move higher. 9-23: Momentum Rally 9-24: Rare – Major Reversal 9-25: N/A 9-26: Breakdown 9-27: Harami/Inside 9-28: CRUSH 9-29: GAP Potential 9-30: Top...
This chart shows SP500 futures since 2009. The current correction is wave 4. Now building wave C of 4 with an ideal target of 3000 - 3200. Final wave 5 resides at 6000
3930-3970 is resistance I see in s/t or m/t timeframe Need confirmation next week though.. don’t get too bullish tho
Let's dispense with the Master O' Obvious stuff straight away. Pick an Adjective - it won't rhyme with Bullish. It may, however, be cringeworthy. NQ below 200 W SMA. What lay ahead remains up to 3588 for the ES Futures, *Note the 200SMA Weekly is just below this most important of level @ 3585.55. Powell - simple... NO...
ES Linear Mode Daily So far the S&P is tracing out a pattern consistent with my expectations. I look for continued volatility through the election time period and a more sustained advance thereafter through the end of the year. After that advance comes the downdraft. See my link to previous posts on longer term outlook. This chart depicts my idea for the near...
Im watching the close, will be buying lotto puts Here is a link of the same chart posted before
My cycle patterns suggest a rally phase is likely over the next 7+ trading days - but, the trend is very bearish today. It is almost as if the markets are flushing out stop levels - actively seeking a support level near the June 2022 lows. It will be very interesting to see how the market ends today. If we see a big recovery rally into the close, it may support...
I wanted to come up with a Systematic Method to Forecasting the next Stock Market Bottom. Therefore I have included some data points along with my regular SPX Futures analysis. Average Bear Market Loss is 36% With the average bear market loss being 36% by just that measure alone that would leave the SP futures at 3077 . Average Bear Market Duration is 289...
Target reached, long term structure now needs to hold. Under 3600 and a crash scenario is on the table. We are also under the Daily Bollinger band and very close to the Weekly lower band, both should act as support. A reversal today would likely confirm the structure. If they don't rally, a large gap down Monday is possible and then this structure would become...
Just noticed this so had to share it. Does not mean much till we get there and see if the market is respecting that or continues down. All i do all day is collect data points, then let the market tell me it cares about my data.
That means the SPY should find immediate support (after it appears a big GAP downward reflecting Europe's recession concerns). Here's a little hint: Bitcoin will likely rally along with the SPY/ES and others over the next 7+ days. The strength of the US economy/US Dollar may drive global investors into US assets and safe-havens throughout the end of 2022 -...
Market is in a very big sideways range and then over the last 3 weeks has been engulfing each prior week. The trade to me is back inside the expanding range. Keep an eye on very big picture weekly, Monthly to see if overall sideways trend changes. outside the daily action a bigger trend should develop.
Growth, Employment, Inflation - aka what's left of the Economy. 1. Employment - seeking roughly a reduction of 12 Million Jobs. 2. Growth - reduction of 50% for S&P 500 from Highs. 3. Inflation - Leads until Rate Lag breaks everything. _________________________________________________________________________________ Capital Stocks Powell - Bonds are...