looks like a local top and possible global deflationary environment ahead for the next year or so.
hedge with cash and bonds might be best bet but I would not personally short the market.
Tip: Indicator needs to be improved by normalizing the data from various indices before averaging(not done in graph above)
The 5spirals came in 6/-6/11 as the forecast and the min 0f 3.8 % pullback I was hoping to see 7.2 to 11.8 has now ended . we are just starting a blow off 5th into late JULY /AUG .I am working of the time spirals clusters
-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.
We are now in the final weeks and days of the TOP. SPIRAL TURN IS HERE AND I am looking for a very sharp drop into april 2 from there a retest and minor new high on some into june 13 another drop into mid aug and final peak of peaks aug 25/sept 2 OCT CRASH IS IN STONE
From an eagle-eye perspective, this is the most suitable wave structure and EW count I can see now. It lines up perfectly with W.D. Gann's astrological predictions, the economy (entering recession) and the current social sentiment (nearing end of mania). I believe bears were correct in saying that the March 2020 peak was the *true* end of the 13 year bull...
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.
Channelling between the D 50MA &
M Support 12426 ( Broken on D 23rd Sep 2020)
M Resistance 13350 (Broken on W 13 Jan 2020 before crash)
D MACD Bearish Crossover
W MACD Looking Bearish
M MACD Bullish Crossover
H&S Formed which ultimately broke the support line on 23rd Sep 2020
Resistance Line Looking Stronger Than Support Line.
D Double Top...
Textbook example of a head-and-shoulders pattern. We have a strong bullish uptrend to reverse, which has been in place since March. The neckline is well defined and connects with the very important June 8th "internal top" for the markets. After June 8th, we began to see big declines in market breadth, which accelerated in August. The neckline also served as...