I'm exploring the idea of fractals of higher degrees repeating themselves at smaller time scales. This is something I've done before that helped me identify the Bitcoin flash crash a few years back.
In this experiment, I'm overlaying the SPX 2003-2010 market rise and decline against the market rise from March 23rd 2020. I noticed that the price movements and...
The inverse TVIX/VXX pair shows the appetite for risk and conviction that the market will either rise or decline. When the graph goes up, the market is bullish. When it goes down we are bearish.
We are have tested the downward trendline 7 times now but have rejected it each time. Is this a sign that the appetite to go to new highs is vanishing? We are also in an...
NDX may break above the wedge and into long term resistance. If it goes above 8450 (can't be longer than wave 3 in the wedge) then it will accelerate to the upside; otherwise, it will crash to he Dec 2018 lows.
The SPX may briefly break above the diagonal wedge and hit multiple long term resistance areas. The SPX can't go above 3118 (the length of wave 3 in the triangle) or it will quickly accelerate upwards to new highs.
The market could then quickly retrace the origin of the entire 5 wave wedge, which is 2365. This would be a 25% decline in the markets.
The SPX is bouncing into retracement resistance from the Oct Peak and bumping agasint a 10 year long trend line. In terms of timing, we are about to hit time/price inflection point sometime on March 1st. One of two things happen when we hit an inflection point, we either explode upwards or collapse downwards. Time to see our grand move.
This is a good time to buy stocks with low risk but you'll likely only want to hold on to them until Mid November. Then take some profits. If the market dips below the red zone, then start looking to get into cash positions.
We collided with the fib down channel and the 0.618 retracement. We could see some correction here. Will it build momentum to the downside as it establishes a wave 3 down? If it breaks the green down channel then we may start moving to new highs.
Is there a market top here. The waves from 2016 may be over. At this point it's high risk to enter the market. We could see a big wave down. A bounce back up over the weeks and then into support. We'll see.
Based on analysis that helped me predict the flash crash in BitCoin, I see a market top coming August 1st to Oct 15th range. This puts SPX in the range of 3025 to 3250 before it corrects. The price should follow the trend line down into highlighted support zone.
Does the beginning of this chart remind of you BTC. Well, it's not BTC, it's Gold. BTC is following Gold but at a different fractal scale.
Using this graph, I could better identify the cycle BTC was in. I could figure out that a flash crash was going to happen within 36 hours. We are approaching BTC's final push up before it goes and corrects to much lower...
We will bump into either 12200 or 12700. Setup a short position at 12200. Set your stop to 12300. If it continues up, set up a short positions between 12700 and 12950. Set up a stop for 13000. You should be able to watch it decline to 11,300 to start and a potential short cover at 10,550.