Saturday, October 31, 2020

Topping Process Uses Vectors and Breadth Factors

Readers of this blog will have seen these types of studies used before at critical junctures with some success:

Breadth MACD is now beginning to diverge upwards as SP-500 prices head lower on the mini-leg down. This should resolve in a reversal upwards. This is just one of several studies we are currently using to anticipate the next market move. Chart on the left is used as a comparison set up prior to the large degree top earlier this year. The 'JAN 2019' descriptor should read 'JAN 2020'.

The controlling structure may be a medium degree wave 4 up about to complete after this leg bounces back up to a new high on ES and on *SVXY- See related post

See Critical Long-Term Review Here
The bots will flag here when they see a top. (1/25/202/20/209/4/20)
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