2350, 2600, 3300, 5000 DRAFT 5: 6 REJECTIONS AT 2350
Introduction - Despite what the cynics may say, we are heading for 2350. The delay in time will be made up in price, ultimately past 5000 in fall of 2025. This draft deals specifically with the 6 rejections near 2350.
Details - So what I think I know - and I am aware of the ugly daily bar that has detractors calling for a 3-month check down to 2080 - is that I think I have the final schedule and limit for this rally. This is schedule is determined by the arrival with multiple rejections at 44-year trend line at 2345-2360. Because price has chosen a "stretched-out version" that will correct back to 2195-2222 before June 12th FOMC, this automatically lock in dates for 2600 and 3300, and eventually 5000 20 months out. I am really busy from here to June, so this is the generic look for price action for the next 80 days. This is basically a "quad top" between 2320-2360. In that quad top should count 6 individual attempts to run at or break 2340. They will all fail until the seventh attempt that will finish ahead of July 4th at 2600.
Details - So what I think I know - and I am aware of the ugly daily bar that has detractors calling for a 3-month check down to 2080 - is that I think I have the final schedule and limit for this rally. This is schedule is determined by the arrival with multiple rejections at 44-year trend line at 2345-2360. Because price has chosen a "stretched-out version" that will correct back to 2195-2222 before June 12th FOMC, this automatically lock in dates for 2600 and 3300, and eventually 5000 20 months out. I am really busy from here to June, so this is the generic look for price action for the next 80 days. This is basically a "quad top" between 2320-2360. In that quad top should count 6 individual attempts to run at or break 2340. They will all fail until the seventh attempt that will finish ahead of July 4th at 2600.
Comment:
9) BTW, it's kind of like this move from 2009:
Comment:
a) in chart above, on the month by month scale we are moving for 3300 by Jan or Feb 2025
b) this is similar to the move to 1225 in Dec of 2009
c) it's the way that momentum release in this fractal WITH THIS SPECIFIC TREND WAVE ORDER
d) but the move to 5000 is super compressed vs chart on the right
e) which finished its top in 2011
f) fractal math would put that years and years later
g) but that math is wrong bc you have adjust for tension'
h) in 2009 waves were still out of order in a big way
i) now, the only resistance left is will clear next February
j) hence the move to 5000 must get compressed
k) same rules for gold in the 70s and Bitcoin as well:
b) this is similar to the move to 1225 in Dec of 2009
c) it's the way that momentum release in this fractal WITH THIS SPECIFIC TREND WAVE ORDER
d) but the move to 5000 is super compressed vs chart on the right
e) which finished its top in 2011
f) fractal math would put that years and years later
g) but that math is wrong bc you have adjust for tension'
h) in 2009 waves were still out of order in a big way
i) now, the only resistance left is will clear next February
j) hence the move to 5000 must get compressed
k) same rules for gold in the 70s and Bitcoin as well:
Comment:
l) in chart above, it's how you get to the "point of release"
m) we will get to that point at June 12 FOMC
n) can't we arrive earlier?
o) too late now bc of today's price action
p) so the confirmation for the rest of the move is the quad top going into it
q) have a good spring, I will be back
m) we will get to that point at June 12 FOMC
n) can't we arrive earlier?
o) too late now bc of today's price action
p) so the confirmation for the rest of the move is the quad top going into it
q) have a good spring, I will be back
Comment:
Comment:
Comment:
12:22 AM, this move is possible, but still an underdog at this time:
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a) price action ugly AF
b) but the window for this must be kept open
c) by moving to 2180 and staying there until morning
b) but the window for this must be kept open
c) by moving to 2180 and staying there until morning
Comment:
Comment:
3/22, 8:39 AM, chose blue overnight, now need to close 2183:
Comment:
11:39 AM ET 2168.XX slipping too far for this time
a) bulls need to show up soon
b) if not?
c) bears will aim for 2135, 2125, 2110, 2096
a) bulls need to show up soon
b) if not?
c) bears will aim for 2135, 2125, 2110, 2096
Comment:
d) this obviously changes the 40-day picture, but not later than that
e) the overall picture now stretch to 5000 in October 2025
f) so we can take the 40-day slow down with out having to to move dates for 2600 and higher
g) obviously 2350 is gonna have to be dealt with in May
e) the overall picture now stretch to 5000 in October 2025
f) so we can take the 40-day slow down with out having to to move dates for 2600 and higher
g) obviously 2350 is gonna have to be dealt with in May
Comment:
h) so obviously need DRAFT 6 later, but the picture right now is like this:
Comment:
a) so bulls never even made the bold line which now starts a second more bearish trend
b) in chart above: bold lines were discussed previously
c) skinny lines now the support/resistance we are dealing with
d) but for today specifically is the two dashed lines
e) if bulls lose here and they don't seem like they want to show up
f) that means both dashed lines WILL BREAK TO 2155
b) in chart above: bold lines were discussed previously
c) skinny lines now the support/resistance we are dealing with
d) but for today specifically is the two dashed lines
e) if bulls lose here and they don't seem like they want to show up
f) that means both dashed lines WILL BREAK TO 2155
Comment:
g) I stated last night that bulls need to show up in the afternoon today
h) AND THEY STILL CAN but there is NO INDICATION RIGHT NOW THAT THEY WILL
h) AND THEY STILL CAN but there is NO INDICATION RIGHT NOW THAT THEY WILL
Comment:
i) 32 hour trend looks like bears are aiming at 2135 by NY CLOSE MONDAY
j) this will put price UNDER ALL OF THESE TREND LINES
k) which obviously means 2125, 2110, and 2096 will get tested
j) this will put price UNDER ALL OF THESE TREND LINES
k) which obviously means 2125, 2110, and 2096 will get tested
Comment:
THIS POST HAS ENDED - HERE IS DRAFT 6-1
Related Ideas
1) I'm out of here for 80 days, will be back ahead of 6/12 FOMC
2) chart at top is generic best extrapolation
3) can we get 1 more low ahead of the run up?
4) I think price will check 2150s again early next week
5) but it's not obvious it can move under that
6) once at 2260s price will spend the majority of the following 60 days...
7) between 2260 and 2360, and that's a wrap
8) see you in 3 months