This will be our final public post
The collapse of modern society and capitalism has begun
We must focus on preparation
May you all be safe
The collapse of modern society and capitalism has begun
We must focus on preparation
May you all be safe
Comment:
IWM headed for a crash
Comment:
GET READY FOR A DECADE OF PAIN AT THE GAS PUMP
HOME ENERGY COSTS ABOUT TO SKYROCKET
HOME ENERGY COSTS ABOUT TO SKYROCKET
Comment:
SAFE HAVEN TIME
Comment:
Ok looks like we were wrong...for now
The market decided to change its mind on crashing right now and instead head to new all time highs
A pullback is imminent so looking for the Fed news this week to provide a catalyst for that move lower
How that move takes shape will decide the rest of 2024 and beyond
With that said even if we get new ATHs the ultimate fate of the market is the same...a depression level environment that sees the S&P500 at sub-2000 levels.
The market decided to change its mind on crashing right now and instead head to new all time highs
A pullback is imminent so looking for the Fed news this week to provide a catalyst for that move lower
How that move takes shape will decide the rest of 2024 and beyond
With that said even if we get new ATHs the ultimate fate of the market is the same...a depression level environment that sees the S&P500 at sub-2000 levels.
Comment:
if we get new ATHs this is where we should top
Again, new ATHs do not change the ultimate destination...just means we decline from a higher price.
Again, new ATHs do not change the ultimate destination...just means we decline from a higher price.
Comment:
Looking for an extremely imminent pullback in the S&P
Ideally 1st support will hold and then we head higher to new ATHs
Ultimately the 2nd support needs to hold if we want to see those new ATHs
Any sustained break of the 2nd support opens the door to much larger sustained downside risk
BUT REMEMBER: Even if we get new ATHs the destination over the next 5-8 years is SUB 2000 with expected levels reaching as low as 666-1500 spx
Ideally 1st support will hold and then we head higher to new ATHs
Ultimately the 2nd support needs to hold if we want to see those new ATHs
Any sustained break of the 2nd support opens the door to much larger sustained downside risk
BUT REMEMBER: Even if we get new ATHs the destination over the next 5-8 years is SUB 2000 with expected levels reaching as low as 666-1500 spx
Comment:
If Support holds then we should head toward ATHs
If Support breaks we will head towards 4600
If Support breaks we will head towards 4600
Comment:
Highly suggest you take note of the Targeted Topping Zone
Market structure is suggesting that we may not get too far above that zone on this move.
In fact we may not break that zone at all
Essentially we are saying if you look at what we have been predicting with the broad markets price may not touch this zone again for a decade
Trying to sound the alarm here
We sincerely hope this analysis is wrong because we are not sure the vast majority of people understand the true nature of what we are facing in this country and throughout the world
Please Please Please get prepared
Market structure is suggesting that we may not get too far above that zone on this move.
In fact we may not break that zone at all
Essentially we are saying if you look at what we have been predicting with the broad markets price may not touch this zone again for a decade
Trying to sound the alarm here
We sincerely hope this analysis is wrong because we are not sure the vast majority of people understand the true nature of what we are facing in this country and throughout the world
Please Please Please get prepared
Comment:
Get Ready!
Comment:
Tweaked the targets a bit
Comment:
ALERT!!!
The break of the 5100 level today and the move lower is the huge sign that a major top has been established in the market
BUT even if new All time highs are made we still think the market will find a major ceiling between 5300 and 5400
The break of the 5100 level today and the move lower is the huge sign that a major top has been established in the market
BUT even if new All time highs are made we still think the market will find a major ceiling between 5300 and 5400
Comment:
Near term expectations
Comment:
Lets see how this plays out
Comment:
Market generally progressing as expected.
Its possible all of Wave (C) is complete but the market appears to still want to rally a bit
Lets see
Its possible all of Wave (C) is complete but the market appears to still want to rally a bit
Lets see
Comment:
Zooming out a bit to better see the move we are tracking
Comment:
Ok its pretty clear to us where price is most likely headed
Slightly tweaked the count.
Slightly tweaked the count.
Comment:
CRITICAL MARKET SUPPORT AREAS
The market appears to be setting up for a significant downturn
We are expecting that downturn to begin by the end of this week/ early next week
This could be really ugly
PLEASE TAKE CAUTION
The market appears to be setting up for a significant downturn
We are expecting that downturn to begin by the end of this week/ early next week
This could be really ugly
PLEASE TAKE CAUTION
Comment:
CRASH ALERT!!!
BE CAREFUL!!!
BE CAREFUL!!!
Comment:
One last push higher and we should see price fall off a cliff
Comment:
IWM about to go down in flames!!!
Comment:
Ok we are in the target crash zone.
We are on high alert for a significant downturn...i certainly hope we are wrong because this going to be UGLY
Expect one more smaller push higher and then watch out below
We are on high alert for a significant downturn...i certainly hope we are wrong because this going to be UGLY
Expect one more smaller push higher and then watch out below
Comment:
Price pushed higher as expected.
BE CAREFUL!
BE CAREFUL!
Comment:
Get Ready
Comment:
Lets see if we are early on this call...
A break above Wave 2 would invalidate this
A break above Wave 2 would invalidate this
Comment:
Ok with that immediate count invalidated then it looks like our terminal top is directly above
Comment:
WELL CANT SAY WE DIDNT WARN YOU
Comment:
Ok based on the latest price action this should be our first major support area
Comment:
Tweaked the targets based on latest price action
We expect tomorrow and the rest of the week to be very volatile
BE CAREFUL!!
We expect tomorrow and the rest of the week to be very volatile
BE CAREFUL!!
Comment:
Perspective:
On our Dec 12th 2023 post we called out the price region we are currently in as a MAJOR TOPPING ZONE.
We have done our best to zero in on a more exact level- (i.e. our Targeted Topping Zone regions).
The fact of the matter is that even if we make a new high, we see much greater risk being Long than Short.
Our posts are showing what we think is the most likely path that price will follow but of course we, nor anyone else, knows the exact future.
This is all about weighing probabilities and taking action in accordance with the most likely path that price will follow.
Good trading to all!
On our Dec 12th 2023 post we called out the price region we are currently in as a MAJOR TOPPING ZONE.
We have done our best to zero in on a more exact level- (i.e. our Targeted Topping Zone regions).
The fact of the matter is that even if we make a new high, we see much greater risk being Long than Short.
Our posts are showing what we think is the most likely path that price will follow but of course we, nor anyone else, knows the exact future.
This is all about weighing probabilities and taking action in accordance with the most likely path that price will follow.
Good trading to all!
Comment:
IWM as we predicted
Comment:
Thinking price should hold around this level before continuing lower
Comment:
Price trying to fill the gap...
Still looking lower ultimately
Still looking lower ultimately
Comment:
More precisely
Comment:
Still looking lower
Will have to tweak this count if price breaks over Wave 2 but even then still looking lower
Will have to tweak this count if price breaks over Wave 2 but even then still looking lower
Comment:
Price is in a corrective mode right now with the potential to make a new high (as mentioned this morning when we clarified our perspective)
The Terminal Top region is still MAJOR resistance with our anticipation that price will not break substantially over that region
The Terminal Top region is still MAJOR resistance with our anticipation that price will not break substantially over that region
Comment:
Near term (i.e. tomorrow) expect price to gap down at open and then almost definitely move higher to make another local high over 5200 BUT that will most likely be it for this move up. We DO NOT anticipate price making a new all time high.
Expect the ensuing downturn to be extremely volatile and swift..something akin to what we saw in the Covid crash
Lets zoom out to better understand how we are seeing the chart and why:
Expect the ensuing downturn to be extremely volatile and swift..something akin to what we saw in the Covid crash
Lets zoom out to better understand how we are seeing the chart and why:
Comment:
Ok price moving as expected...anticipating this making it to the terminal top area and then it should move lower
Comment:
Latest view
Comment:
Ok price is at target.
High risk here for a swift move down
BE CAREFUL!!
High risk here for a swift move down
BE CAREFUL!!
Comment:
Looks like an Ending Diagonal has formed
If so then price shouldnt make another high meaning this is the top
Lets see!
If so then price shouldnt make another high meaning this is the top
Lets see!
Comment:
Well we did say volatility was on the menu
And of course the market performs a nice stick-save and pops higher at the lowest probability point...but it changes absolutely nothing.
All of our target regions are still being respected and this market is going down
And of course the market performs a nice stick-save and pops higher at the lowest probability point...but it changes absolutely nothing.
All of our target regions are still being respected and this market is going down
Comment:
Zooming out from here as any marginal higher highs wont change the analysis (possibility of one last micro push to the 5215 - 5220 region)
In alignment with our big picture view we are looking down from here and await a good short entry point to begin establishing a position
In alignment with our big picture view we are looking down from here and await a good short entry point to begin establishing a position
Comment:
Ending Diagonal pattern being tracked
As the name suggests this should mark an end to this move
As the name suggests this should mark an end to this move
Comment:
Moving basically as we thought.
Still looking lower from here
Still looking lower from here
Comment:
We will most like consolidate until the CPI report (i think we all anticipate that coming in red hot)...
Thinking we will see some fireworks
Thinking we will see some fireworks
Comment:
Ole Powell is hopeful as always.
But ask yourself this question: What incentive does he have to tell you things are really bad out here? Answer: None
In our view the greater risk right now is being LONG this market...good luck if you are
Nothing guaranteed of course but man this chart is bearish
But ask yourself this question: What incentive does he have to tell you things are really bad out here? Answer: None
In our view the greater risk right now is being LONG this market...good luck if you are
Nothing guaranteed of course but man this chart is bearish
Comment:
Well WE WERE WRONG about the market NOT making new ATHs
Doesnt change the direction or analysis...
Doesnt change the direction or analysis...
Comment:
Money where mouth is..lets see how wrong we are in the overall analysis
Order waiting to be executed (will trigger roughly when price breaks 5280)
Going to start building a position
Order waiting to be executed (will trigger roughly when price breaks 5280)
Going to start building a position
Comment:
Blow off top of a blow top...
One more high and that should be it (FINALLY!!!)
But why wouldnt we expect a Bull market thats been raging since 2009 to go out without a fight lol
One more high and that should be it (FINALLY!!!)
But why wouldnt we expect a Bull market thats been raging since 2009 to go out without a fight lol
Comment:
Ok there it is
IF YOU ARE LONG PLEASE THINK ABOUT TAKING SOME PROFIT...
BE CAREFUL
IF YOU ARE LONG PLEASE THINK ABOUT TAKING SOME PROFIT...
BE CAREFUL
Comment:
Money where mouth
Comment:
Position building time
Comment:
PUBLIC SERVICE ANNOUNCEMENT:
This is for the ridiculous expectations we see by a small minority in the comments(people who OWN their OWN trading will understand why we are doing this PSA)
These are IDEAS- NOT financial advice- Tradingview has that disclaimer on every idea post for a reason
We are simply small retail traders who love this trading game and like to share our ideas.
We are not, can not and will never be able to predict with certainty where price is going- and neither can anyone else
Before you get to shouting in the comments about how wrong a call we made is..POST YOUR OWN IDEA AND SHOW THE WORLD WHATS THE RIGHT CALL
An idea is NOT a trade recommendation...if you want to know our positions..which is what you should be asking about BEFORE you take action on one of our ideas...YOU SHOULD ASK
Simply said: we have our ideas and then we have our positions..two separate things smh
Almost every person in the comments with these unrealistic expectations never has any posts or ideas of their own
If you need someone else to tell you what to BUY/SELL you might want to reconsider trading.
So for the very small minority who this post is for, while we cannot and will not give out financial advice, we do offer some life advice:
Develop an INTERNAL locus of control-your trading will thank you
This is for the ridiculous expectations we see by a small minority in the comments(people who OWN their OWN trading will understand why we are doing this PSA)
These are IDEAS- NOT financial advice- Tradingview has that disclaimer on every idea post for a reason
We are simply small retail traders who love this trading game and like to share our ideas.
We are not, can not and will never be able to predict with certainty where price is going- and neither can anyone else
Before you get to shouting in the comments about how wrong a call we made is..POST YOUR OWN IDEA AND SHOW THE WORLD WHATS THE RIGHT CALL
An idea is NOT a trade recommendation...if you want to know our positions..which is what you should be asking about BEFORE you take action on one of our ideas...YOU SHOULD ASK
Simply said: we have our ideas and then we have our positions..two separate things smh
Almost every person in the comments with these unrealistic expectations never has any posts or ideas of their own
If you need someone else to tell you what to BUY/SELL you might want to reconsider trading.
So for the very small minority who this post is for, while we cannot and will not give out financial advice, we do offer some life advice:
Develop an INTERNAL locus of control-your trading will thank you
Comment:
Why have we been saying the Bull Market is over? And why are we looking so low?
Ok this is going to get technical so google is your friend on this one:
In our posting history you see us really calling out that a top is near around Nov 2023 because at the time the size of the larger degree B wave was 61.8% the size of the lower degree B wave
Essentially the fractal nature of the market queued us to begin looking for a top.
Once a new local high was made we begin calling out the possibility of new ATHs with the likely target area being between 5000 and 5500 w/ the 5100 area equating to a 1:1 relationship with the lower degree wave B
Target zones were marked strategically as high as 5500 because as we said we expect the larger degree waves to be larger
And ever since we have been tracking price and trying to get a more defined target
Our ideas and posts are calling out whats probable...our trades however are always (at least we try to be) in line with trend
So NO, we have NOT been LONG since Oct/Nov smh
We have been strategically getting in and out of trades in BOTH directions.
We are going to show just that in our Watch Us Trade A Bear Market post.
Its way more to how we trade and see the market but hopefully this clarifies..
Ok this is going to get technical so google is your friend on this one:
In our posting history you see us really calling out that a top is near around Nov 2023 because at the time the size of the larger degree B wave was 61.8% the size of the lower degree B wave
Essentially the fractal nature of the market queued us to begin looking for a top.
Once a new local high was made we begin calling out the possibility of new ATHs with the likely target area being between 5000 and 5500 w/ the 5100 area equating to a 1:1 relationship with the lower degree wave B
Target zones were marked strategically as high as 5500 because as we said we expect the larger degree waves to be larger
And ever since we have been tracking price and trying to get a more defined target
Our ideas and posts are calling out whats probable...our trades however are always (at least we try to be) in line with trend
So NO, we have NOT been LONG since Oct/Nov smh
We have been strategically getting in and out of trades in BOTH directions.
We are going to show just that in our Watch Us Trade A Bear Market post.
Its way more to how we trade and see the market but hopefully this clarifies..
Comment:
WHY DID WE TAKE A SHORT POSITION TODAY?
Chart explains it
And if Elliott Wave isnt your thing or you think its too subjective or just plain nonsense....then maybe when you see how people are going to get absolutely BURNED by this move up today you will take another look...
Could we be wrong? of course
But we dont think we are so we put our money where our mouth is.
Chart explains it
And if Elliott Wave isnt your thing or you think its too subjective or just plain nonsense....then maybe when you see how people are going to get absolutely BURNED by this move up today you will take another look...
Could we be wrong? of course
But we dont think we are so we put our money where our mouth is.
Buckle Up