11:35am EST: Declining breadth and several other signals are pointing to a slightly larger correction looming on the next new highs in the market. Expect potentially a larger correction than the one after the smallish top on 5/7/21 - 5/10/21. Perhaps twice that. Then off to new highs.
Original Post: [see chart]
Note that the highest degree labels would probably be more appropriately suited to some kind of flat, however; the lesser degree labels seem to be appropriate inside VIX [note that VIX only acts label-wise in smaller increments as it is a bounded quantity from it's creation and does not equate to prices like an equity so wave labelling is a mixture of subjective at the higher degree and more likely to be closer to accurate on the smaller scale].
The very large 'B' to 'C', if it materializes, will feel and be very unpleasant for anyone staying long during that period. All major corrections are distressing to the economy and any traders caught in the maelstrom. We do not wish it upon any of us but we have to consider the possibility. Only reporting the potential for a multi-generational event in the market that also includes the idea of better times coming out the other side.
Don't miss this post- Too Many Expecting A Major Correction Will Likely Have To Wait
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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