My cycle patterns suggest today is a Reversion/Reversal/Rally day. I know it may seem strange to think that the US market may rally today after the CPI/PPI inflation data and the pending Fed rate increase - but it is what the cycle patterns say it is. Remember, these patterns originate from a date 3+ years ago and just tell me what to expect from price on certain...
still in bearish territory. watching to see if it can beak and hold some key resistance areas. if we have a bull run i believe it will be fast and explosive with 7-9% green days. until I see more strength in the markets, I remain a bearish stance overall.
cpi completes the technicals. Qt failing again to help with inflation. More bad news could be ahead. A major sell off could happen if something were to cause fear and uncertainty in the market. Wars linger on in the East. Winter is on the horizon and the East is a major player in natural gas.
Hns here at neckline support. Price hit VPOC coinciding with neckline of previous Hns and got rejected in the worst sell off of 2022. I think price just noodles around for a bit here and waits for Ema to catch up. I think after quad witching we start to see the next move unfold
After observing recent price action in addition to the sentiment in trading communities and Twitter, I've been doing some hard thinking about the notion that we are now in a bear market. All the fundamentals say that there's such and such skyrocketing debt, food crisis, inflation, energy crisis, Europe crisis, currency crisis. And all of these fundamentals are...
A clear TA layout of likely areas of interest over the next six months. Use this to help play the levels on Bitcoin and Ethereum. Yellow = 50MA Blue = 100MA Red = 200MA. Good luck. - W.S.
Today I received no less than 50 DM’s. All asking how could I have known the SPX would tank the night before? (For those who want to read my post from last night it's below) Funny thing about the DM’s I got today. Many people did not know the definition of "precipitously" from last night post, so they ignored it until about 10am EST. I try to educate...
an extended 4hr time frame of the chart posted before.
SPX500 has had almost no pullbacks, which is characteristic of C waves (to complete the first A-B-C). It's almost to the target I expected for later September after a pullback, so we're pushing the limits here. This now looks like they will pop the wedge to the upside with the CPI reading, and then reverse it either before or after the open. I've seen this...
I am focusing on lower or higher highs. My bias for entry is bullish. Entry means new shorter term trades will be long. Will be longing for a lower high. If the market does not come as a lower high then focus on higher high and remain Bullish. When we roll over to the short side I then will trade short and look if we get lower lows or higher lows. I Enter...
I don't normally pay much attention to Tesla, but when I was eating cake and looking at charts today, I noticed something significant about this stock, and that's on the monthly: Specifically, despite all these months of severe market correction, Tesla has never broken a monthly pivot on the way down from the top. So much so that neither did the June...
Cycle patterns indicated a GAP/TOP for Monday/Tuesday. Then, they indicate a potential reversion/rally for Tuesday/Wednesday. After watching the deep selling related to the CPI numbers, I would not be surprised to see a very strong rally/recovery over the next 48 hours in the SPY and other US Indexes. News-based reactive moves like this are often erased over the...
Lets see if we get to test the bottom of the Bollinger or 4060-80ES It should hold and continue lower to re-test Thursday's lows as well as close the gap The pressure is down and if we close on the lows today, this will continue selling into the 15th low! If we satisfy 3955SPX today or even test lower and close above 3955SPX, then it could be a good sign of a...
Short term Elliott Wave view on S&P 500 E-mini Futures (ES) suggests pullback from 8.17.2022 high is in progress as a zigzag Elliott Wave structure. Down from 8.17.2022 high, wave A ended at 3903.50. Wave B rally is currently in progress to correct cycle from 8.17.2022 high before the Index turns lower. Internal subdivision of wave B is unfolding as an expanded...
All in the video, expecting a pullback but how much is hard to say if it's a B wave. Logic tells me to feed the bears just enough before they take away the plate, but we'll have to see how CPI is reacted to tomorrow. Oil looks very good for a move above 100 still, Wheat could still be a Flat completing, but I'm not concerned about a pullback if it does. Gold,...
This weekend, I spent quite a bit of time studying various rare and unique cycle patterns within my database. Because of this new research, I can share with you the new WEEKEND trigger which setup last weekend. I suspect a bullish GAP will setup early this week with price trending substantially downward on Monday. Tuesday should represent another attempt at a...
Im going to short 4115 level tomorrow am or if we get there in pre-market am Ideally we test my 4125-35SPX (4115-25ES) tomorrow and retrace hard into the 13th low P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!