(1) After the breakout of the Rounding Bottom pattern, price has given a sharp upside rally and reached to its previous All Time High at near 18,340. (2) After that, a sharp correction has been seen, which was quite natural. Price took support at near 17,380 level. (3) Then with a strong up move, price made a fresh All Time High at near 18,400 level. (4)...
I think the NYSE Composite Index is very helpful in terms of showing where I think the major equity markets are, in terms of a five-wave cycle. I have wave ((1)) ending in October 2007, wave ((2)) ending in March 2009 (Great Financial Crisis), wave ((3)) ending in January 2022 and wave ((4)) ending in October 2022. I expected wave ((4)) to go deeper and get...
This chart was posted on May 1st. 15 days later and the market hit new highs. The trendline was a successful guide to stay invested.
I follow #NYA for neutral and less biased view of the market.
New Trend Line established providing a new support base for price to continue its uptrend. Disclosure: Not investment advice. Not a recommendation to buy or sell securities. This is for educational purposes only. Investment involves risk to capital and offers no guarantees of increasing one's investment.
Hello everyone This chart can be so helpful for who are trading NYSE instruments and it is very close to Dow chart. According to this chat we have had a rally in Oct 2022 and I marked it as wave 1/A Primary and then a textbook correction that ended with 14638.3728 in Oct 2023 (Exactly one yea later) and then another rally started as a clear 5 wave impulse and it...
Entire history of NYA. Looking for wave B of primary wave 4 (expanded flat) to top out soon, near channel trendline, looking for wave C to bottom out below 12000 but not go below 10387.1680 (top of wave 1).
Looking for B wave of primary wave 4 to top out as it gets closer to the upper bound of the parallel channel, C wave to complete in the 11000-12000 area and stay above 10387.1680
The posted was that of the nyse we have now reached the long term trendline . I am of the opinion that based on timing and math we are nearing the end of wave 3 of 5 we should begin an rather nice decline into april and then blowoff to the upper channel into may 11th
Just any early thought on NYA and it overbought state, let me know what you think. Its very overbought and you can feel the dip coming.
I think the NYSE Composite Index best shows where I think equities are at and where I think they are going. Primary wave 1 ended in October 2007, wave 2 in March 2009, and wave 3 in January 2022. Wave 2 is a zigzag that lasted 511 days and resulted in a 59.74% drop. Wave 4 should be any corrective structure other than a zigzag. It has been 784 days since January...
The chart posted is the NYSE and I have not alt one wave within the count and We have 7 golden ratio spirals in time pointing to a FOCUS Point the week of JAN 10 to the 18th 2024 I am LOOKING FOR A WORLD WIDE EVENT If you look at each one of the points The Markets had HUGE MOVES that started. We are now also above the monthly Bollinger bands in the dji ...
Impossible for anyone to be too bearish given the recent 'generational bottom' that has been pushed by the majority of outlets over the past 2 months, but the larger count on NYA does not appear to be that strong, for all I know, we topped last week, and any signs of weakness may see follow thru for a pattern similar to the one shown in 2024. We'll see how it plays out.
NYSE needs participation from small caps. The total market is not free and clear. Internals, Divergence, etc...becoming harder to trust to long. We will see which direction is confirmed
This chart seems to tell a different story than the SPX. I don't see a cup and handle, but liquidity just above us. Also the McClellan Oscillator is close to the extreme.
firstly : The NYSE Composite (^NYA) is a stock market index covering all common stock listed on the New York Stock Exchange . the inverse cup and handle pattern, would lead as toward the red rectangle , which represent 10-13.5% fall from today's price . the indicated zones consist of ; 2 strong supports , 1.382fib level , Hosoda target and cup and handle target...
We seemed to have dropped in a another 3 wave structure this only happened in triangles or diagonals open a book and learn ELLIOT WAVE before you open your mouth and make a statement. I studied ew from A.J Frost in letters back and forth in my 20,s NOT BOB
The chart posted is that of the NYSE this was my view since I wrote the coming turn in dec 8 2021 calling for a 20 % plus decline into oct 10/20 week target 3511/3490 in the sp 500 . The FRACTALS are all based on the DATA back to 1902