As can be seen, VectorSpike long-term projection is holding as drawn on April 2 2020. No redrawing of the proposed price print has been applied other than labels. The pattern still looks on target. There was an expected lower print possibility after 3/23/20 but that did not materialize. Other than that, the expectation is remarkably accurate at this degree so far.
The comparison with Glenn Neely (square inset) who is the undisputed analyst success according to 'Timing' magazine is shown. Glenn is not perfect but as close as any analyst we have seen when it counts. We differ somewhat going forward as can be seen. The system employed for our projections uses many more parameters than Glenn's geometry-only EW (neowave) analysis which can often be subject to more alternates that creates more variables and opportunity for misses. Let's see how the expectations transpire. The high degree wave '4' is valid at both higher and lower locations. When the time gets closer, that will become clearer.
Currently we need higher WEEKLY: a) market prices, b) lower VXX prices, and c) negative breadth signals before the next medium term top prints approximately at the 1/22/21 pointer zone shown in the top chart. (next- a pullback and then a new high at yellow '3'.
Bottom chart is an earlier print of the hourly pattern. Prices climbed back to 3845 zone (2nd chart).
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Thank you for providing long term chart!!
ReplyDeleteIs yellow circle 3 and 4 on top chart are super cycles?
Varun: You are welcome. Glad you are able to see the possibilities the vectors seem to be pointing towards. As always, projections will be updated as new prints appear. It certainly looks like a much higher degree 'Super Cycle' as you say is what could be about to unfold. Stuart.
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