6:09 pm EST: There are good indications that a head and right shoulder may, or already have printed as some unique vector patterns are mimicking those in and around 2/16/21 so perhaps there will be some down movement after all.
EOD: Looks like the 4168 zone mentioned in 12:52pm post was a target for iii of iii or v with potentially a wave iv pullback to come next and then a wave v to complete the leg up. Probably more time needed to drag this topping operation out some. Could take a while.
1:20 pm EST: ES 4161.25 zone could be a target. This also closes a cash gap. Given the exuberance of investors, all we have is the data to give us a clue when tipping points are closing in. The top chart is now key to this. Whenever a disproportionate acceleration up is evident on the 50 ma (MCSUMNYA / NYAD) ratio-weekly chart (relative to price up moves on SP-500) similar in magnitude to previous tops, a new top could be imminent. Other factors also being present like a summation rollover pattern together with negative histogram bars on the NYAD weekly.
12:52 pm EST: ES 4155 - 4168 zone and above are calculated extension targets.
Actual price action may be more or less incidental (we will soon see) at this depth into targets as breadth should now become the dominant parameter assuming the interpretation of the data is accurate for the market's current status. Should be more upside to come. Still no top.
If we are in a pivot action, prices are likely to wobble with a final strike at new highs after the weekly summation index (50ma) rolls over.
See Critical Long-Term UPDATED 4/12/2021 Review Here
The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
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