Some months ago, this analysis was reviewed and mostly discounted as being too simple at this scale and lacking 'real' conventional structure. The last year of analysis and re-analysis trying to fit conventional structures has proved brutal. As a result and using our past forecast model that noted the specific huge moves in volatility that seemed to 'invert' on each a-b-c leg together with a new chart analysis tool we developed because of the structural analysis difficulties that were being experienced, it started to become clear that an extreme of 'up and down' corrective system was emerging from the mess that had some more to run. Hence the below chart is about as best as we might be able to align with our latest predictive analysis -
See Critical Long-Term Review Here
The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
Thank you for providing an update on long term outlook!!
ReplyDeleteWith this new structure, are you still looking for THE top in summer or it can morph in lets say few days to weeks?
Varun- we are tempted to stay with a longer timing projection that would take it into summer however, a very large pattern has been spotted that may cause things to move a little faster than anticipated so it seems a little less clear at the moment. We will update as soon as more clarity develops. Stuart
Delete