Hello everyone
This chart can be so helpful for who are trading NYSE instruments and it is very close to Dow chart.
According to this chat we have had a rally in Oct 2022 and I marked it as wave 1/A Primary and then a textbook correction that ended with 14638.3728 in Oct 2023 (Exactly one yea later) and then another rally started as a clear 5 wave impulse and it...
Entire history of NYA. Looking for wave B of primary wave 4 (expanded flat) to top out soon, near channel trendline, looking for wave C to bottom out below 12000 but not go below 10387.1680 (top of wave 1).
Looking for B wave of primary wave 4 to top out as it gets closer to the upper bound of the parallel channel, C wave to complete in the 11000-12000 area and stay above 10387.1680
The posted was that of the nyse we have now reached the long term trendline . I am of the opinion that based on timing and math we are nearing the end of wave 3 of 5 we should begin an rather nice decline into april and then blowoff to the upper channel into may 11th
I think the NYSE Composite Index best shows where I think equities are at and where I think they are going. Primary wave 1 ended in October 2007, wave 2 in March 2009, and wave 3 in January 2022. Wave 2 is a zigzag that lasted 511 days and resulted in a 59.74% drop. Wave 4 should be any corrective structure other than a zigzag. It has been 784 days since January...
The chart posted is the NYSE and I have not alt one wave within the count and We have 7 golden ratio spirals in time pointing to a FOCUS Point the week of JAN 10 to the 18th 2024 I am LOOKING FOR A WORLD WIDE EVENT If you look at each one of the points The Markets had HUGE MOVES that started. We are now also above the monthly Bollinger bands in the dji ...
Impossible for anyone to be too bearish given the recent 'generational bottom' that has been pushed by the majority of outlets over the past 2 months, but the larger count on NYA does not appear to be that strong, for all I know, we topped last week, and any signs of weakness may see follow thru for a pattern similar to the one shown in 2024. We'll see how it plays out.
NYSE needs participation from small caps. The total market is not free and clear. Internals, Divergence, etc...becoming harder to trust to long. We will see which direction is confirmed
This chart seems to tell a different story than the SPX. I don't see a cup and handle, but liquidity just above us. Also the McClellan Oscillator is close to the extreme.
firstly : The NYSE Composite (^NYA) is a stock market index covering all common stock listed on the New York Stock Exchange .
the inverse cup and handle pattern, would lead as toward the red rectangle , which represent 10-13.5% fall from today's price .
the indicated zones consist of ; 2 strong supports , 1.382fib level , Hosoda target and cup and handle target...
We seemed to have dropped in a another 3 wave structure this only happened in triangles or diagonals open a book and learn ELLIOT WAVE before you open your mouth and make a statement. I studied ew from A.J Frost in letters back and forth in my 20,s NOT BOB
The chart posted is that of the NYSE this was my view since I wrote the coming turn in dec 8 2021 calling for a 20 % plus decline into oct 10/20 week target 3511/3490 in the sp 500 . The FRACTALS are all based on the DATA back to 1902
Hello There!
Welcome to my new analysis about the NYA, NYSE Composite Index on the Daily Timeframe Perspective. In the recent times the stock market did not showed up with a massive bearish inclination to the downside and bearish pressure unfolding due to stabilization dynamics that are still holding on within the market. Although not every stock within the...
Huge rising wedge Here...
Looking for a dead cat bounce like the previous circles before heading to support .
This drop to support or weekly 50sma would take spy to 420-424.
From there we'll take another leg up or it's the end of the road and we're headed lower than Sept 2022 lows
The chart posted is the NYA for my whole life in the trading and advising for over 41 year this is and has been the true market see my work in jan 2018 the true market peaked in sept 2021 and we have had classic wave structure since the oct low is the end of wave A and we have been in what looks to be the ABC rally to end WAVE B on a super cycle...
Would be using the chart posted to Help you to be selling out of I.T. AND LONG TERM positions as the blow off should go thru the top of this channel equal or near equal as it did in the panic into march 23 2020 gold ratio and spirals in time panic due 3/18 to 3/21 2020 posted in feb 2020 .I will be posting the spirals and more over the weekend...
