maikisch

maikisch

I have been discussing the potential for a Super-Cycle wave (III) top in the US markets for the last couple years. To experience a wave (IV) of SUPERCYCLE PREPORTION, would be a consolidation of price action back to the 1929 stock market crash. The byproduct of this type of price action would be a decline of 50% or more (likely more) in the value of global stock...

maikisch

In truth, the levels we're seeing this morning when the SPX cash market opens, I was not anticipating seeing till the 3rd quarter of this year. Mid last week, we had positive MACD divergences on the intraday charts and was setting up to be almost a textbook bottom. Nonetheless, the SPX cash market will not hold the must hold zone when it opens this morning. This...

maikisch

Last week on one of my member live videos I pointed out to the attendees that European markets were currently at, or very close to their All-Time highs...whereas in the US, we've entered the technical definition of a stock market correction...(down 10%). If you're so inclined to Google an economic calendar, it also appears the economic metrics like CPI,...

maikisch

In the days to come our initial pattern off the recent has the high probability to get into the 5850 area. Here I will be looking for a pullback. If this pullback can be viewed as corrective in it's structure then I expect the subdivisions and pathway on my ES4Hr chart should follow suit. However, if the pullback turns out to be impulsive, I will be looking for...

maikisch

In the interest of full disclosure we have not even confirmed our minor A has in fact bottomed...but assuming we have struck a short term bottom, we are now embarking on a minor B wave retrace that I anticipate taking us into the start of summer. In any respect, I am viewing this as only a counter trend rally with a scary (c) of C of (A) to come into the low SPX...

maikisch

Last week I posted an update on my SPX cash index analysis...found below. At the end of last week, we see where the price action has been filling in nicely as of Friday. Some key take-a-ways. First, is the price action has breached the area that I am counting as the wave 4 of one lesser degree. This would be an initial clue that the bull market pattern that...

maikisch

In lieu of such price action, we retain the ability to make one more low. In the very short term and observing the micro price action $11.79 could extend our black wave (iv) but above $11.93 with price action to get above $12.50 and I start to lean on the purple count. Best to all, Chris

maikisch

Lately the market has been confusing. It appears traders are not clear minded on the economy, the recently voted in administration's policies, and that uncertainty is definitely showing up in the price action. Be that as it may be, this is an update on the SPX cash index I posted last week as more of the price action fills in. I'll try to update this...

maikisch

Currently, this is how I am viewing the SPX Cash Index.

maikisch

Although the larger pattern has yet to flash red and break down, we may have started that eventual descent this morning.

maikisch

Afterwards, I expect one more high for wave 5. Chris

maikisch

Whereas, I can account for an extended wave 3 hitting the 200.0% fib extension, I have no standard pathways for wave 3 extending past that fib target. Granted that is not to say that sort of price action is impossible...but this is rare. SOUN is in no man's land...so we continue to look to the next fib area, and so on. Best to all, Chris

maikisch

Much has been made about the recent parabolic price action of SOUN. The news is confused if the stock price will collapse or if whales are involved and take this much much higher. I, on the other hand, have a more calm view, as the price action has been fairly predictable in terms of hitting standard Elliott Wave Fibonacci extensions. My perspective is as per...

maikisch

In this week’s update, I’d like to delve into something that I consider probably one of the most important, but in the realm of my career, probably one of the last consequential decisions I will make in my time being affiliated with Markets. The potential of a Super-cycle topping event. This next week is my birthday. That got me thinking about my career. I...

maikisch

Bitcoin has been subdividing higher fairly normally in an extended wave 3 of 5. Currently we have no indication wave 4 is done retracing and/or consolidating. That only is confirmed when price breaks back above the recent highs just below $100k. However, upon getting into our wave 5 target box, and in the larger perspective...Bitcoin is topping in a Cycle wave...

maikisch

As I have long forecasted, Nvidia is coming into a top of either primary or intermediate degree proportion. The answer to that burning question of mine I believe gets answered in the depth of the price action's retracement lower. Determining this answer, for me personally as an analyst, is whether or not that eventual retrace can hold above the $90.68 level,...

maikisch

I have long stated that the upcoming earnings catalyst will develop into a sell event. When I last updated I was anticipating an incremental new high and possible double top for intermediate (B) into the confluence area of the larger and shorter term 100.0% fibonacci extension areas. Although we have exceeded that area for a double top, we're still in the target...

maikisch

Nvidia has arrived in the target box for our intermediate (B) wave high. Can we extend in the target box? Yes. However, two things are top of mind to this analyst. 1) The earnings catalyst mid-November is a "keep hope alive event". Therefore, I do not see big trader commitments prior to that. If we go up further into the target box...it will be an overlapping...