Sorry, we have to clearly use the same data 5/1 as the pivot point.
Symmetric before (3/24-5/1) and after (5/1-6/10) time split by 5/1.
And the Perfect 5 waves done.
The Correction may stop at the 4th wave end, which is 8,800.
It comes so fast. It may finish in 1 or 2 days.
The 2nd session ends at the scale of 0.618 of the first scale.
It's really magic of...
According to cross confirmation between Nasdaq, NDX and Dow, it's believed that we're just stepping into the 5th wave.
That means we will kick off a bumpy ride since investors are dealing with the very high level of the PE of the equities and expectation with the reopen and V-recovery...
While we're also suffering the doubts of re-lockdown and 2nd wave after...
I used to share the view that it's possible for the path to have at least one more VIX jump in the withdraw process from the peak.
It's based on 20-year VIX historical experiences and the trend. Here's the article:
It happens! 6/5-11/2020 it's jumping from 24 to 45 - a 21-point jump.
VIX has 1 100-point jump and 6 50-point jump in 20-year history.
VIX hs "SKEW RIGHT" and "VIBRATION" features when withdraws.
In 2008 Oct. 100-point jump, there are 2 20-point vibrations.
In 6 50-pont jumps, there are at least 1~3 10-point vibrations.
Could Bitcoin predict NDX?
In the past 6 months, it happens Bitcoin successfully predicts two pivot points of NDX.
It only takes 1 or 2 working days.
Now 5/7 Bitcoin turns again from $10,000 to $8,000~9,000.
Path 1: Bitcoin predicts NDX turn again (5/11) - 70% chance
Path 2: Bitcoin back to $10,000 up - 10% chance
Path 3: Bitcoin hooks off from NDX - 20%...