The chart posted is one I use to call major turns .As you can see the peak in feb 2020 saw a perfect decline and that decline times 1.618 call the exact Top in Jan 2022 and as we are nearing the END in which I see the rally from oct 2022 low as a classic wave B forming . we come to to the next golden ratio part of the fractal pattern that started march 9 2009 .That low was also a perfect golden ratio low dated back to 1932 low and dec 1974 from the peak of from 2000 and its relationship calling for a top in 2007 that was off by 0.15of a percent but the decline was off by only 2%. So we are now nearing the golden ratio target just above 39000 and we are running up to form a very negative divergence on the monthly as well as nysi . I talked about the monthly bollinger bands and the 1.4 to 3.4 above the bands data back to 1902 and in everytime that this has happened The Market as at a major top last month that was 37750 we peaked and dropped in a 3 wave decline . this month that same band is now at 37777 .I maintain we must pop above this by 1.4 to 3.4 % giving me a target of 38300 right in the middle of my target 38200/38400 as the alt to 37750 . could we get above this I hope so in fact 3.4 % would reach a target of 39070 right near the 4.236 golden ratio target from 2009 . what does this mean . ??? it is also a near perfect wave B relationship wave A x 1.272 = 39200
Comment:
also the peak in jan 27th 2018 in which the spiral called for the top on the 17th was shifted by 10 days and was the RSI peak we have had declining monthly RSI at each high a signal to me a CRASH is very NEAR
Comment:
TODAY JAN! 26Th at sp 500 print 4906 I went 85 LONG IN THE MONEY PUTS and in the dia at 38200 also long PUTS
Comment:
What if we break above 39200 area on a CLOSE we would then form bubble phase as we saw in 2000 and 1987 and 1929 this would then take the dow to a high 42240 in the dji
Comment:
and the sp 500 to 5638 yes 5638 THIS IS BASED ON MATH
Comment:
Today I moved to a 95 % long in the money puts in QQQ DIA SPY MSFT AND NVDA in the money puts
Comment:
I have taken profits today and look still for 5071 to 5133 into march 6th week to reshort