I need the nysi to get down to a from the 500 area to a minus 600 I have siad the avg drop in nysi if it fails at the 500 which it did should drop an avg of 1100 basis points . no change till that outside of C wave crash to which I THINK WE JUST STARTED SEE THE SP CHART POSTED THE ENDING OF WAVE B UP Look for a sharp C wave down. AND I think that will...
The chart posted is that of the NYSE posted are every clear turning points as well as the pullbacks thru the last 50 years since we left a fixed amount of money end of BRETT WOODS. expansion of DEBT CYCLE But this cycles goes far beyond
As we are fast approaching the time spirals as well as Trendlines in time
The wave structure is getting very clear now look for 17648 as the next target DO NOT SHORT ANTHING IN THE INDEXES MID SEPT TOP
-Why is the SPX a lie? For starters it weights the 500 most desirable companies and, to continue, its unit of reference is the dollar... an "unbacked" currency (as crypto fanatics say with some reason... people so blinded by their infatuation that from a half-truth they are capable of elaborating truths of a ton or even more). -Ok, and what do you want to invent,...
NYSE - BEARISH -Very similar historically bearish patterns presenting themselves in this chart. Weak price action and rounding tops currently present on top of multiple rejections to move higher. These patterns looks very similar to past bearish moves, the question is, will it replay? Looking at 150p drop if it plays out.
I just discovered this. Seems quite meaningful. Failed H&S breakout? Enjoy! B)
The NYSE Composite, with over 2,000 components, has filled its gap from 2/24/2020. Now what happens? Well given the avg. returns in Presidential years, I would guess that the markets stay relatively flat until the end of 2020.
American Stock Market Return by Asset Class for Q4
A comparison of the SPX , NDX, NYA , BKX , & IWM indexes for August wk2 2020. 17:29:46 (UTC) Sat Aug 8, 2020
Gap and falling MA20 area too $DJI, $SPY, $NDX
Dates in the future with the greatest probability for a price high or price low
Timing the bottom is almost impossible. Instead, look for buy signals. When the ROC indicator goes from mega oversold (-20) to mega overbought (+20), along with the KST either showing a positive divergence or weekly MA crossover and a McClellan Oscillator (measure of market breadth) mega oversold (-70) to mega overbought (70) is the signal I would look up for!
Broader NYSE index since 2001 has developed a channel, excepting 2008, where the market during crashes has held.
Chart 3 is suggesting next support rail is 8% lower. This extends from 1984. Notice also that every major bottom showed a series of bullish divergent lows. We only have our first here, so a long way to go towards a bottom. This leads me to believe: 1. We are not at the bottom 2. Monday's gap open will lead the way to next target. Gap down look for retest of...
Chart 2 shows that we *could* be bottoming here using the 10sma on the daily RSI, but it's not a very strong signal, and it's below support.
Quick studies on the $NYSE don't look good. As chart 1 suggests, we're holding support at 2016 levels, and could backtest the breakdown, which would result in an upwards move of 28%. Could also gap below Mon open. 2011 levels are next. 28% lower