12:52pm EST: Continues to follow the script. ES 4733.50 is a fib target zone. [pennies below 11/22 cash high]. So far today. breadth is not printing large upside numbers. A negative weekly print may or may not print at the close setting up for a market decline next week around the 2 x half-span target date 12/13/21 +/-.
Original post-
Chart from 12/9/21 is essentially unchanged. The cash target beckons. Once hit, let's see what further developments print after that. If the half-span targets have been correctly analyzed, the market is now trussed-up like the proverbial goose. SP-500 high is still holding and UPRO never has tracked lower to it's minimum confirmation on this leg. A 'momentum turn' sized parameter printed on 12/9/21 at the close which may have been due to the very short term move down or it could be a fore-bear. These frequently occur adjacent to tops within a day or so.
Commentary- a popular main stream pundit said of the market "a wonder to behold" and everything looks rosy for '22. Some might see that as a red flag in a contrarian world. No matter if the market kisses a few more roses on the way up, the half-span x 2 time line is immovable wherever it lands. Checking and re-checking at several degrees (2007+, 2019+, Sept 2021+ ) keeps bringing the half-span targets into the current time window and early '22 for a potential terminal top. If the data points on these separate time-lines have been incorrectly plotted, it is not yet apparent. Most recently 11/22/21 half-span SP-500 cash time target initiated a short-term decline that may be of unknown 'overall' term since it is still holding as a high [so far].
New all-time highs could up the odds of a terminal top arriving more quickly as that might imply the recent decline as being the 'pivot'.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
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