(See 1918 Commentary and Pandemic Chart at bottom of page)
Current Chart Projection:
EOD: Lack of vaccine positivity did not tank the market- it was always coming. We called it as a possibility yesterday with the 'X' terminating signal lining up together with market breadth decline. Still remains to be see whether a 'Z' print occurs.
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Update: 2:36pm EST.
A series of market pullbacks within the X-Y-Z terminating structure often produces a declining breadth situation over several days while the market creates new peaks. This in turn can create the negative divergence between breadth and market action required to finalize a top at the micro level if that is what this current situation is printing.
1918 Pandemic Made New All-Time High!
At VectorSpike we have consistently maintained that events do not by themselves move markets. In order to try and offer an opposing idea to the recent covid-19 arrival as the reason given for the market decline and pending 'recession', we want you to take a look at the market action during the 1918 pandemic. We maintain that the charts will print whatever is happening in the current geometry no matter what else seems to be occurring in the 'news' cycle. We think this is a dramatic example of why we see the current decline as the ending of a corrective grand supercycle wave 3 and not a virus-shock event. The timing of a viral outbreak is mostly quite independent of market geometry as is obvious from the following chart. The megaphone that began printing in 1915/1916 was printing it's geometry just like the one now that began in 2018 and the virus arrived anywhere within the time window. The timing is purely coincidental on any hit within the upper or lower trend line on either megaphone printed then and now. It isn't that difficult to see the idea we are proposing- events alone do not drive market geometry. Period.
See Critical Long-Term Review Here
..and possible bounces/bottoms: (2/28/20) , (3/23/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
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