The chart posted is that of what and why I wrote The buy and hold crowd will remember this date . it is that of Berkshire Hathaway class B . I saw that in Jan 2022 we made a High as did the QQQ n SPY in which I wrote in detail 12/8/2021 2022 THE YEAR OF 20%PLUS CORRECTION calling for the drop into the 20 10 4 2 year cycle low and that the drop would be...
New update. It seems like markets have found themselves face to face with reality. The bear market rally seems to have run out of steam due to the amounting economic and inflationary data. Simply put, I do not think markets can rally from here, based on: RSI overbought on 1W MACD Crossed on 1W Food prices are at 18 moth highs according to UN. Fuel...
In previous threads looking at SPY: SPY - Did We Bottom, Or Is Manipulation Coming? Nasdaq Nasdaq Futes - You Wanted a Dip For That 'Santa Rally,' Aye? And ES SPX ES - Welcome To The Fourth Quarter Rodeo We've noted that both the extreme bear and extreme bull cases are dubious. After the five day 8% rally to start the month, we warned that...
The chart posted is my top view I am posting the weekly and daily of the value line For a reason it should NOT break the low of oct 27th 2023 If it is valid I have a major spiral from sept 21 2001 it is due NOW 11/10-13th the march 13th low was from june low 1949 . We will see rather soon which cycles are in force . and based on MY VIEW OF TLT 5...
The chart posted is MY top wave count This is a major WARNING to being short is a highest risk in a few years . The spiral turn due is from sept 21 2001 Low The market rallied over 24 % gain in less that 62 days That last low was in a word Perfect in its relationships within the fib . I have moved to an aggressive long calls position and The tlt...
In my preceeding posts, I'm actually "bullish" on equities in the fourth quarter. SPX ES - Welcome To The Fourth Quarter Rodeo Nasdaq Futes - You Wanted a Dip For That 'Santa Rally,' Aye? And while I think this price action, coming on the back of news that the US Treasury will "only" issue $10 billion more worth of bonds this quarter (compared to like...
The chart posted is that of the DIA this is my top wave count The short squeeze .I see this as wave A up within the bear we should now see a 3 way drop back to 50 to 618 5 of this rally if not a retest near .786 from this we should see wave C up once again just past today peak . Then THE BEAR PHASE should be seen . For my view to change The IWM and RSP ...
The chart posted is the VIX of the VIX the VVIX has the cycle which I stated on monday and friday last week a short squeeze is now setup as the13.8 to 15.2 week decline would see a sharp rally. And that the IYT RSP BA and TNX were making a ending of a 5WAVES pattern we are only going to see an ABC rally and the last 5 days have been wave A so...
The equities markets have spent the last three months liquidating bulls, and then liquidating bears, and then liquidating bulls, because the markets are primarily a scam for big money to sell options and have them expire worthless. No matter what system you use or whose ideas you follow, you're always just guessing, because the computers can take price and do...
The chart posted tonight is the Equal weighted SP 500 So far this is the cleanest wave structure of all the indexes and as of tonight I can say this is my Preferred wave count and should be the guide going forward for the next 6 to 9 months . So The rally from the oct low of 2022 rallied in a abc x abc for the students for the rest of you it was a...
I am posting this chart at this time for what is good reason . The neg cycles from the spiral from 9/11/2001 is nov 3 but as stated we were closed until sept 21 and that is nov13 th so WHY am I going long Reason is the IYT dropped and held my line in the sand at 209.6 and that the DOW retraced to .786 to the tick . is that good enough to take the...
The chart posted is that of the longer term super cycle wave B that started from super cycle wave 5 from 2009 low has stated that the 2021 dec forecast super cycle 5 th wave blowoff Parallel to 1907 to 1929 peak and that a correction Bear market would decline at a min .382 of the bull market with the likelihood more like a 50 % decline to 55 % Based on...
Whether you want to look at these markets like an American football game or the National Finals Rodeo/Calgary Stampede bull riding, this final quarter of the year is set up to be quite the fireworks show. The new JP Morgan fund options collar is illustrated on the chart, but let's put it into text: JPM is the seller of 41,000 calls with a strike of 4,515 JPM is...
TVC:NDQ looks to be in SERIOUS trouble at the moment. IF this is the case then the SP:SPX likely will follow. DJ:DJI can hold, to a degree but wouldn't bet on it. Let's focus on AMEX:SPY Oversold daily BUT WEEKLY it has more room to go. Also, in comparison to 2022, #stockmarkets are likely FURTHER along than anticipated. The chart we've been showing for...
Inverse Head & Shoulder Pattern on TVC:DJI is dissipating FAST. (This pattern helps with bottoms) 🚨🚨🚨 It is GONE for CBOE:SPX , in fact, DANGER!!! TVC:NDQ about to test support again. Could it be a double bottom or will it break through? AGAIN, we stopped being on the BULL train in late Sept. RISK is HIGH!!! VERY HIGH!!!
GOOD MORNING! #interestrates look like they want to slow down a bit, short term top. We see the 10Y & 30Y pulling back a bit... But this is better seen intraday. We'll see how that unfolds... IF IT DOES, it could cause a sharp rise in #Stocks. Coincidentally, DJ:DJI @ support & TVC:NDQ is near a major support. TVC:TNX AMEX:DIA NASDAQ:QQQ
DJ:DJI is struggling here a bit but it looks okay, so far. SP:SPX is in the same boat. TVC:NDQ has been weaker recently but it moved the most out of the indices. But look at this! TVC:RUT is shinning nicely today! Looks like it wants to base here & maybe even move higher! AMEX:DIA AMEX:SPY NASDAQ:QQQ AMEX:IWM #stocks
#stocks went from basing & curling higher to topping and rolling over. DJ:DJI had 5 green candle days. It turned to 3 red days. TVC:NDQ bounced nicely but it reversed the hardest and FAST. CBOE:SPX is in between both indices, CBOE:VIX had a GOOD day. WARNING!!! The more it hangs around here the MORE DANGER equities are in. Have a great week!!!