A short summary what's happening in the stock market - as I haven't posted for a while.
2021.10.04. - an intermediate low was printed
2021.10.04-2021.11.22 we had our first daily cycle : it topped at 16.775
2021.12.03 first daily cycle low in this intermediate cycle at 15.550
So right now we are in the second daily cycle in this IC .
The challenge is to break 16.466. Today we tried and failed but I don't think the second daily cycle topped and we are going to crash.
I'm buying here to sell later at the top of the second daily cycle close to 18.000.
Yesterday the FED said what the market wanted to hear. What you see today is volatility after the FED meeting but I don't see any change in the direction. This is just an entry for those banks who missed yesterday's low.
The Fibonacci 61,8% retracement a good place to enter the 2nd daily cycle rally:
2021.10.04. - an intermediate low was printed
2021.10.04-2021.11.22 we had our first daily cycle : it topped at 16.775
2021.12.03 first daily cycle low in this intermediate cycle at 15.550
So right now we are in the second daily cycle in this IC .
The challenge is to break 16.466. Today we tried and failed but I don't think the second daily cycle topped and we are going to crash.
I'm buying here to sell later at the top of the second daily cycle close to 18.000.
Yesterday the FED said what the market wanted to hear. What you see today is volatility after the FED meeting but I don't see any change in the direction. This is just an entry for those banks who missed yesterday's low.
The Fibonacci 61,8% retracement a good place to enter the 2nd daily cycle rally:
Comment:
Daily swing and a follow through day. This week we might test the all time highs.
Comment:
The level at 16.466 finally broke today.
