Range 12,682 - 12,047
resistance test at top of range 12,682
macro trend uncertain
VOL ATR - LONG since JAN 29
PA top of BB indicating strength
RSI MACD indicate possible momentum change
support at 12,047
short term flat/neutral
TIMING IS EVERYTHING Back in late aug I had a fib and spiral turn sept 2 which based on a fractal gave me two downside target s 1 st 2334 2nd was 2278 the low was 2346.58 cash but in the NYSE AND THE DOW it was an near perfect .618 AT THE LOW AS WELL AS IN THE BANK SECTOR . So were to we go from here ? . iF we stop here into my fib projection...
The NYSE Composite (NYA) has been much weaker than the three main US stock indices.
Today 12/26/26 was the last day of the Full moon widow for a bullish turn.
12/26/18 was also the 58 trading day of the decline since the DJIA 10/3/18 top, matching the 58 trading day decline of the SPX correction in 1998.
The 1998 SPX correction was down 22.4% so far the 2018 SPX...
While everyone was paying attention to the SPX NDX and DJI, the NYA was showing the early divergence. Following a parallel pattern, the 13th month would be FEB 2019, which corresponds to NOV 2008. Almost every indicator I follow confirms a 3rd wave down. A 5 week average of the advance/decline line which I have been doing by hand for decades is even below the...
Margin Debt Liquidation, according to the website WolfStreet.com
hit 40 Billion Dollars in the Month of October 2018,
the highest monthly sale of debt since the Lehman Crisis,in November 2008.
If you were asking yourself, WHY DID, the market go down so far,
so fast,look at the massive amount of forced selling.
feeding on each other, as prices continued to drop,...
IT NOW APPEARS THAT ODDS ARE WE HAVE JUST STARTED WAVE C FROM 12682 WAVE B TOP WHICH WAS .61B RALLY WAS THE PEAK FOR WAVE B OR 2 WHICH WOULD MEAN A CYCLE LOW DUE NEAR 12/4 TO 12/11 FROM OCT 3 PEAK BEST OF TRADES
I am back and back with a nice chart of the New York Average that sports a textbook ZigZag down implying a couple of things. First we should see a rally from current level with any more weakness, if needed, should be limited. Then a 3 waves down is a counter trend move meaning the long term trend is up. Though we might have to be patient. Maybe this Zig Zag is...
I see that the US market start to collapse
so I think that it will move toward 11800 area
this previous crash the first time I think that it is impossible to recover to uptrend
So I'm bearish in this NYSE composite