12/1/21 5:15AM EST: Expectation of another high attempt appears to be underway especially since the inverse vix created a positive divergence as shown. As long as the analysis is complete and parameters are correctly placed, the projection towards an early December accelerating decline appears to be setting up. Lots of blogs seem to be waving their arms which would normally be a contrarian warning that more upside is definitely going to happen so we shall see if the move up extends until everyone gets on board the 'Santa Rally'- there's no such thing of course except in the mind. No matter what it looks like. Years when the timeline is favorable do create that impression. Half-span targets are a very useful guide towards where best to employ turn signals and breadth measurements and they are subject to correct interpolation so some flexibility is necessary. Occasionally, the numbers hit with uncanny accuracy. Success is measured where the zone can be identified on the expected side of the subsequent market move. As far as numbers are concerned, the 11/22/21 [2 x half-span] time target that printed the SP-500 high and kick-started the current decline movement has not yet been invalidated.
Additional-
Original post:
Reiterating- market moves have absolutely nothing at all to do with any cause-effect correlations the news media attempts to tie to the market [apart from some tiny percent whipsaws]. The timeline developments are in control and always have been along with key criteria presented in posts no matter what it looks like in the news. As previously stated, events and market moves belong to the same animal ultimately- the progression of human and natural causes along cyclical paths. Likely a terminal top is still some distance away but a correction locally looks to be a confident expectation of some size possibly pivoting around the next highs that are about to print. If an event does not materialize [top] on 12/3 then the following week could see an SP-500 high on 12/7 with a volatility uptick very soon after.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
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