We're possibly moving toward a Blow Off Top with Negative Divergence.
Note the ABC tied in perfectly with 12345 waves.
The Fibionacci extension shows where this could go.
The megaphone possible limits the lat move to C to 50% of the last Fib retracement one might normally expect.
PERFECT UPWARD TREND.
UP LIKE A ROCKET AGAIN FROM NEXT WEEK, IM SURE!!!
OR A 737 MAX.
BUT NO DIFFERENCE IN THIS MARKET. BOEING AND THE BILLIONAIRE SPACE BOYS GO UP INTO THE STRATOSPHERE NO MATTER WHAT. APPLE CAN ALWAYS PHONE HOME.
THE FED AND THE PRESIDENT WILL MAKE US ALL RICH. THEY ALWYS WILL ANSWER THE CALL.
JUST LOOK AT THE GRAPH.
NO NEED FOR AN IDIOTS...
LEARN ELLIOT WAVE ANALYSIS. TURN OFF THE TV NOW.
IF B = 5, WHAT HAPPENS IN THIS CHART?
WHERE SHOULD C BE IF YOU ADD IN A FIB RETRACEMENT? WORK IT OUT.
AND THEN YOU CAN FORGET YOU MISSED OUT ON ALL THOSE OTHER ROGUE, "MARKET" INDUCED "TRADES" AND "OPPORTUNITIES".
THEY'RE HEARDING EVERYONE NOW.
TO PUSH THE FROTH UP AS FAR AS THEY CAN.
AND SKIM THE LAST CREAM...
Note possible Hindenburg Omen clusters have formed in recent sessions across all major indices. Including NASDAQ in and of itself (the Bell Weather for this cycle). S&P will have its fifth day in the cluster today and Nasdaq its third.
A possible Elliot Wave ABC formation of huge potential magnitude has also formed.
Of especially epic proportions when tied...
This chart show how pessimistic the market is. There is only one way this stock can go. All technicals show it. Plain as day. Not even a complete idiot can lose on this trade. Put every cent you have in the world in this stock EVERY SNGLE PENNY - NOW.
Could the tip of this descending wedge (the mirror of what is currently showing in the S&P with its rising wedge also about to terminate) be like a balloon that was being kept forced down underwater suddenly being set free with nothing above to keep it down until it hits the surface up above, wherever that may be?
Or will Trump or the Fed somehow pop that...
Everything has a starting point.
This chart starts from when Alan Greenspan (the "trickle down economics" man) started the funny money, and the stock market stopped reflecting GDP growth. Before that the market moved generally with GDP.
A proper market ought always reflect true value. If GDP grows 3%, the stock market should reflect 3% growth.
Now, if the...
Lowest close of last year and the close of the first trading (and tax) day of this year seem key to me.
Technical analysis aside, financial/tax models and. calculations as. they develop through the year as the market does will unconsciously take these as key points and push the technicals accordingly as they develop.