DHLawrence

DHLawrence

Looks like we are inside this pink rising wedge, which is also inside the turquoise nearly horizontal, but also rising wedge. The bounces seem to be loosing vigor as well... so will the pink wedge be able to break through the turquoise before it converges and the bulls give up? I think it is more likely that we will bounce off the dotted turquoise resistance...

DHLawrence

Fib retracement levels from the bottom of the covid crash to the top doesn't match 3295. Fib retracement from the last correction to the top doesn't match. I don't see any prominent support channel vectors at 3295. The big red line doesn't seem to land on any interesting historical levels. RSI is maxed out, and the MACD just crossed bearish while already under......

DHLawrence

Not a whole lot has changed in the world since the covid crash... still looking at an inflated market bubble desperate for a correction. Will the masses of Euphoric investors turn to a fearful herd of panic sellers on the ride down? This bars pattern is from the covid crash, overlaid on the current correction. I see an uncanny resemblance between the patterns...

DHLawrence

BSV looks to be lining up for some long term support at 180!

DHLawrence

You look to where your about to go. SP500 appears to have broken out of the mustard yellow channel. With a right hand turn. (Head and shoulder just completed with a bearish sentiment). I notice the (grey) support vectors of its last few bearish wave segments are all looking to the same area. Does that mean we are headed to that spot? What happens when we get...

DHLawrence

The way this chart bounces around off of its support and resistance vectors, has me thinking that we may have just completed the pattern same pattern that led to the last jump (behind the short pink bars). .... ... or maybe we get some more support at 125 before the jump!

DHLawrence

Working on a right should now, inverse Head & Shoulder pattern up next? I do see a broadening megaphone type pattern forming amongst these HS patterns... with an overall bearish vector.

DHLawrence

Saw some Elliot wave patterns today... whatcha think? 1-5, ABC...

DHLawrence

The slope of the RSI bottoms (red lines drawn on the 5D/5minute scale) looks an awful lot like last months run of the #VIX! SPY falling??? projection is a repeat of last month, slightly scaled.

DHLawrence

The reversal patterns seem to repeat form near each resistance. I see the support reversal completing, and the more dominant resistant reversal pattern thing over. The yellow lines show where the patterns repeat. Fractal from the early June drop.

DHLawrence

I see some strong correlations to the run of fear from early June. This is how that run up would look if it repeats itself; Stretched a bit to better lineup with the bottom pattern of the last few days. I would say I am long on the volatility index.... even though nothing in at the news strikes me as scary anymore. Anyone else feel like the news cycles are...

DHLawrence

Looking for the battle to cascade off the yellow lines down to the 3144 area. this battled is predicated by a similar reversal at the long range support a week ago. the bulls will then run up the lower support line (white) to battle it out with the longer range resistance (blue). Who will win this critical convergence? I see two blue resistance vectors close...

DHLawrence

The blue lines and dotted lines show what the SP500 might look like without the after hours gaps (likely manipulation efforts when the volume is low)... this has been an ongoing effort to see past those market manipulations to what the nature of the market might truly be. Yesterday we drew a pink forecast, suggesting a top at the blue dotted resistance line of...

DHLawrence

Hey Guys, Collapsing the after-hours gaps gives another perspective to the natural pattern of the markets. My effort at this is in blue (or dotted) and shows us rising within a quite prominent bearish channel. Also.. remember that island reversal a week or so ago? I feel like a pattern that bold will have more significant long term bearish influence on the...

DHLawrence

Looks as though we turned the corner on fear last week with that island in the sky reversal.... seems as though the fear is building, and I don't see that fearing being quenched by the market manipulation efforts.

DHLawrence

as the smaller time Fram arguments close, I expect large gap fill moves, in order to resume the next larger argument.

DHLawrence

This is what it looks like if we collapse the (manipulative) after hours gaps... changes the picture of where things are really headed naturally. Will the manipulations or the nature of the markets prevail?

DHLawrence

this is such an interesting reversal pattern. check out the trend lines it establishes, if you pull the hat back down (close the pink lines). gap inflated vectors are dotted gap closed vectors in solid lines. whatcha think?