10:35am EST: Could be looking at a wave 1/a down in ES Mar 18 '22. A retrace into next week might be the set up for a turn signal then [unless one prints today at the close]. There are gaps created so that might support a retrace.
original post-
12/17/21 was referenced in the previous post as an event target date / zone. Looks like the new lows certainly qualifies as an 'event'. A range-bound up/down could print until next week to burn off the fear OR a turn signal prints sooner. All options regarding a pattern are definitely open. Event target dates seem to be in close proximity to movements so far to date.
Watching for a turn signal to print at the close any day now. A second and perhaps more urgent frequency time target analysis done inside the current move upwards is targeting 12/24 or thereabouts [post- Christmas?]
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..and here is an example of the rhetoric that is often referred to on this blog-[see below]
The logic demonstrated here takes the form of what seems to be very 'reasoned' thinking. As difficult as it seems to be to understand and even conceive- the market has it''s own internal mechanism which is why there occasionally seems to be a disconnect and at other times the connection to reality seems to be irrefutable. Note especially a reference to 'conventional wisdom' - red flag, the market is already pre-set to move at specific times- no human 'wisdom' required
Note the last statement "Argue with this market at your peril." It could be re-stated "Argue with this market's internal mechanics at your peril. Read on.. there is a certain complacency that comes from 'being right' and we all know complacency will bite you sooner or later- bullish or bearish. The intro part is often proven to be correct but resulting conclusions may be skewed.
"If there is one thing we know about stock market crashes, they are breathtakingly quick. Stop
to ask questions and you get left holding the bag. But here we stand, three weeks from the initial Omicron outbreak and the index is still within 1% of all-time highs. If these headlines were going to break us, it would have happened by now. To further compound bears’ confusion, Wednesday the Fed told us to expect three interest rate hikes next year. Conventional wisdom warns us that rate hikes are bad for stocks, yet prices surged 1.6% on the news. As I’ve been saying for a while, a market that refuses to go down will eventually go up. Bears have thrown everything they can at this bull and it keeps shrugging it off. If this was going to crash, it would have happened by now. Argue with this market at your peril."
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ok- now, for example note the 2020 decline happened close to COVID 'showing up'. However, this blog was warning of a pending market decline situation weeks before that event. There was no privileged access to information regarding a virus developing a rapid attack close to that decline. How is the rise that followed the March low explained away? It never will be done successfully without looking at frequencies at varying degrees all the way forward from the very beginning of the markets and particularly, the 2002, 2009 lows and others.
For a very brief description on the evidence for frequencies, see this post [at the bottom of that post]. Also check Martin Armstrong's work on cycles. The method used here sometimes touches these other approaches, an alternative approach is used on this blog but the same principles apply. Evidence-based analysis is never 'incorrect' unless data points are mis-aligned somehow during the calculations. [it happens]. That is why turn signals are vital in the application for new market directions. They are also required to be calculated correctly.
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
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