There are a lot of warning signs.
Very good chances for 10% or more down.
Here is my reasoning:
The 1x2 angle on weekly got rejected. yesterday it went over. today it will open under. very often you seen this during rejection of angles. a gap and go would be the bullish equivalent.
In 2017/18, stocks rallied strongly from Oct ’17 into Jan ’18.
In 2019/20, stocks rallied strongly from Oct ’19 into Jan ’20.
In 2021/22, stocks rallied strongly from Oct ’21 into Jan ’22.
50 years ago a short term top came in from jan 23 to mid feb. with a longer term top in mid march. 50 year cycle is very important and i would suggest comparing yourself.
BTW happy anniversary to spy. ipo in jan 22 1993. yesterday marked the 21st bday. might just go out and get drunk now that it is of legal age... lol. my dad jokes are something else.
Very good chances for 10% or more down.
Here is my reasoning:
The 1x2 angle on weekly got rejected. yesterday it went over. today it will open under. very often you seen this during rejection of angles. a gap and go would be the bullish equivalent.
In 2017/18, stocks rallied strongly from Oct ’17 into Jan ’18.
In 2019/20, stocks rallied strongly from Oct ’19 into Jan ’20.
In 2021/22, stocks rallied strongly from Oct ’21 into Jan ’22.
50 years ago a short term top came in from jan 23 to mid feb. with a longer term top in mid march. 50 year cycle is very important and i would suggest comparing yourself.
BTW happy anniversary to spy. ipo in jan 22 1993. yesterday marked the 21st bday. might just go out and get drunk now that it is of legal age... lol. my dad jokes are something else.
Comment:
31 years old... coffee didnt hit yet. ;)