I am still quite confident the markets are set to drop significantly in 2024. I have studied correctional wave patterns that are similar to our current situation wherein the market topped on January 4, 2022 and began the corrective pattern.
**The pattern contains a wave B that is larger than wave A in duration and movement. The wave C then moves more than wave...
This is a follow-up to my analysis from the other day. The green track is the one for the 1968 model. It has held pretty close to the entirety of the whole correction so I favor this model for now. The 2018 model is pretty good. It is the yellow track. It was a short duration but had the lowest bottom. This would give us a bottom around 2700 which most of my other...
I had two trading signal trigger for MGM last week that could set the stage for some good up and down trading. My MACD overtraded signal fired on the daily chart on January 31, 2023 indicating the stock should move down over the next 10 trading days. This signal is accurate 94.297% of the 264 studied occurrences. There is a delay to the downside action that occurs...
We received two signals for Verizon stock based on the closing price on February 2, 2024 indicating the stock will likely drop over the next 6-20 days. My SAG Gauge Conservative algorithm bearish signal has occurred 211 times. A bearish signal has successfully seen the stock drop below the signal closing price over the next 10 trading days 95.7% of the time. The...
Since the recent bull move at the end of October began, we have stayed above the same trendline. Not only did the final hour of trading break below that line, it also closed below it. Is this the first indication we have begun Cycle wave C down?
Based on the historical quartile percentages, it appears Cycle wave C and ultimately Supercycle wave 2 will bottom...
I am bearish again already (surprise)! The terror in the Red Sea could be the tipping point for future economic calamity now that multiple companies have chosen the longer path to market around South Africa.
Going on the premise Minor wave 4 dropped with a quiet whimper, we are possibly in the final Minor wave 5 up. First task is to identify potential tops. The...
Minor wave 3 has possibly ended on cue with the high at the open today. If this holds, next stop should occur quickly with a Minor wave 4 bottom. The historical models of common retracement percentages are on the right. The three maximum models are red at the bottom. The pink levels are the quartiles for the most specific relational data and generally contain the...
Operating under the premise Primary wave 2 was finally finished or will soon, this is the preliminary peak at Primary 3 down.
Here is the hourly:
I am displaying the daily with the play button so it will be viewable forever on TradingView as the hourly will eventually stop loading (years from now).
Things to note, Primary wave 2 was the third largest...
Last night I posited 3 theories:
1) We are still in Intermediate wave A up
2) Intermediate wave C (and Primary wave 2 up) will end this week
3) The market topped last Friday at the close
I went into theories 2 and 3 last night but wanted to dedicate more time to theory 1 which will occur here. I first placed the Minor waves (yellow) where they likely ended. I...
The movement of the past week has raised many questions as to where the market is which we will attempt to answer in this analysis.
The long duration Intermediate wave A, followed up with a quick and tiny drop for Intermediate wave B presented characteristics I have compared to similar historical events. The best way to categorize this pattern is by comparing Wave...
We are likely still in Minor wave 4 moving upward. It was originally forecasted to last 7 to 10 to 13 hours. The 7th hour will be the first hour of trading on Monday. The 5 minute chart has a potential wave structure so far if we are inside of Minuette wave 3 inside Minute wave C upward:
The market could open upward or move up in the first hour of trading. The...
We are either still in Minor wave 3 down or may have begun Minor wave 4 up. Based on the current data, Minor wave 4 should last 7 to 10 to 13 hours. The 7th hour is near the close on Friday and the other targets would be Monday. After Minor wave 4 up is completed, Minor wave 5 should take the market down some more to newer lows next week.
Minor wave 3 so far has...
If we are in Intermediate wave 1 down, we are likely near the end of Minor wave 4 up. Here is confirmation of wave 3 of 3 with the pink bars aligning in the bottom indicator at Minute wave 3 (green) inside of Minor wave 3 (yellow):
There is a chance Minor wave 4 up has finished and was only 2 hours long. While the other likely option and one pursued in this...
Still awaiting additional price confirmation we are in Cycle wave C downward, but here is the current forecast if the current market top holds. My hourly program generated the usual waypoints based on historical data. Interestingly enough, Cycle wave A (the downward period between January – October 2022 was 1365 trading hours. Not to be outdone, Cycle wave B...
If we are in the final Intermediate wave 5 up in Cycle wave B, it is possible we are in the final Minor wave up (wave 5) as well. This would mean Minor waves 1 and 2 lasted a single day, wave 3 was 2 days and wave 4 was 3 days. The original projections for Intermediate wave 5 are the vertical white lines marking the end of day 10 and day 12 as well as the movement...
So far Southern Company has moved with the market. Historics say we may move down a little more before moving up by November.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement...
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 17, 2021 with a closing price of...
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 17, 2021 with a closing price of...
