10/17/21 Additional study- Effective volume of advancing stocks is diminishing dramatically.
Original post:
Original post:
Dow prices printing now are the most likely fit for this structure out of all the market indexes. It was also the structure for the 2015 top though quite a bit smaller and only fit at the daily degree. The current set up also fits inside a weekly closing degree pattern so a much larger potential applies. Preliminary timing suggests an early November decline [to a neckline?]. Most likely finishing up the 'head' structure currently. Prices could move up the sloping 'potential resistance' [see label] line or print clear through that a lot higher up. If a h/s pattern is invalid, that will be apparent probably by November.
Lower chart: Breadth pattern supports a similar structure to 2015 top zone but a much larger formation and across the potential h/s rather than preliminary to it as in 2015. Does not matter as similar results can be expected to price movements. Note the inverse SVXY pattern [3 arrows up] looks to fit the possible projection. After the third arrow up concludes in the future, a dramatic re-emergence of SVXY bullish pattern should begin. A new leg up in the market. That is a much longer term expectation from here.
Commentary: ..and of course some main stream analysts are claiming the start of a new bull leg up in the market citing economic and all kinds of factors. Right on time- these debates often gain momentum around top zones. They may be a few years premature. We will see. Actually- it is always a bull market- that is the easiest 'always correct' prediction, just don't get caught in high degree corrections. The market has never taken out the low from when it first began! [yet]. You can claim to be correct always predicting a bull market but that could be risky if you are advising derivative and leveraged instrument holders and they go belly-up in corrective moves [like XIV in 2018 etc].
The bots will flag here when they see a top. (1/25/20, 2/20/20)Lower chart: Breadth pattern supports a similar structure to 2015 top zone but a much larger formation and across the potential h/s rather than preliminary to it as in 2015. Does not matter as similar results can be expected to price movements. Note the inverse SVXY pattern [3 arrows up] looks to fit the possible projection. After the third arrow up concludes in the future, a dramatic re-emergence of SVXY bullish pattern should begin. A new leg up in the market. That is a much longer term expectation from here.
Commentary: ..and of course some main stream analysts are claiming the start of a new bull leg up in the market citing economic and all kinds of factors. Right on time- these debates often gain momentum around top zones. They may be a few years premature. We will see. Actually- it is always a bull market- that is the easiest 'always correct' prediction, just don't get caught in high degree corrections. The market has never taken out the low from when it first began! [yet]. You can claim to be correct always predicting a bull market but that could be risky if you are advising derivative and leveraged instrument holders and they go belly-up in corrective moves [like XIV in 2018 etc].
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
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