Would be using the chart posted to Help you to be selling out of I.T. AND LONG TERM positions as the blow off should go thru the top of this channel equal or near equal as it did in the panic into march 23 2020 gold ratio and spirals in time panic due 3/18 to 3/21 2020 posted in feb 2020 .I will be posting the spirals and more over the weekend...
The chart posted can now be labeled as wave c of wave B up . based on put/call and bullish view in investors reaching a level to which similar to aug 25th 1987 . I will take the short side using PUTS
The one-week chart shows a strong resistance level that failed to break 4 times. Now in its fifth attempts, which may be equally unsuccessful. The NYSE has encountered a strong level of resistance, as well as simple and hidden divergence. This does not mean that the index will fall, perhaps it is just temporary stop. A clearer picture of the trend is visible over...
Same pennant as the Dow not surprisingly. Next week if this breaks out you will start seeing a broader rally .
Like the dow and IWM, today's move was mostly the product of a smaller double bottom that you'll have to go on smaller frames to see
Next week we will see if the outcome of this pennant.
If you look at the price action from Sept until now...
The major indices are making what looks like an expanding triangle (it is difficult to predict an expanding triangle before it completes). We can make some assumptions based on that:
1) The current decline is only a pullback and is considered a b wave in the larger E wave of the expanding triangle
2) Given B-C of triangle took appx. 6-7 years, we should expect...
I had earlier published a bear count for the NYA. Well here is a bull count. Both are possible at this point. You want it to get past the 0.765 to 0.786 Fib Speed Resistance Fan to help confirm the bull market.
New York Stock Exchange .. 8000 securities listed here . In some ways , this is as important to keep track of as the S&P500 or spy.
If you look at the link in my previous you'll see we've fell outside a huge rising similar to that of XLF. Now a H&S is showing right at .382 fib.
We closed Friday outside our Daily Bollinger band and we are at our bottom levels...
The chart posted has never been altered . We are now in the LAST WAVE UP . in this BEAR MARKET COUNTER TREND RALLY. I will maintain that the cycle low due week of OCT 4th to the 20 focus the 10th target 3511/3490 WAS and IS the FIRST LEG DOWN. We are now coming to the end I am 75 % net long and the min target to peak is above 4222 I have ideal...
For the NYA (NYSE Composite Index) I see an expanding flat (circled ABC) finishing up with an ending diagonal for the C wave.
If so, get ready for a major plunge, most likely to the golden zone.
It is pertinent to remember that there are always stocks to sell into rising markets and stocks to buy into falling markets. Even in a general market correction it is important to distinguish that all declines are not equal under the surface. By that we mean that while prices may all head in a southern direction, what is important is the point from which that...
A breadth measure, the weekly has broken the down channel and survived a retest and is above the cloud. Similar pattern for SOX, XLF, and XLI. Keep a watch on the trend, it is a good tell for market direction.
The NYSE Composite Index is a stock market index that includes all common stocks listed on the New York Stock Exchange (NYSE). It is calculated using a...
If the Strength of King$ matter for current Market Condition's, wouldn't it be reasonable to scale Indices to DXY and normalise ...? What Target of current Correction would we need to expect ?
Good evening,
This post is part of a series of requests i recently received.
The request was: "What is your bearish projection on the US stonk market".
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Some may ask,
what is the NYSE Index?
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The NYSE Composite is a stock market index covering all common stock listed on the New York Stock Exchange,
including American depositary receipts, real estate...
Who called the bottom in march 2020 and the top in 2021 . Time to be in cash and please just stay there .turn off the screen stop stop stop . there are cycles that are working I did write alot about 3511 /3490 and oct 4th to th20 focus on the 10 Th this is only part of the motion within the fractals and spirals it is also the tides .And the tides...
