EOD: Extreme breadth swings- fully negative yesterday - fully positive today. Watching for an event possibly into 12/23- 12/27 [either side of the holiday closed days]. A bottom may still need to print in this range. Goose is just about done. A bounce from a bottom may be all there is left.
Looking at the longer term frequency map back to March 2020 lows- it is saying 'out of time' at that degree. Other frequency origins prior to March 2020 can project further into '22 than Jan '22 but this is the best shot given the market set up currently while looking at all the supporting parameters, breadth, summation, arms index etc. If a development looks to be setting up beyond the current time targets, it will be analyzed accordingly. A daily closing turn signal in either direction should be the next directional signal. UPRO still has not overlapped lower by equal or more than 50% of SVXY which would be typical if a new leg very much higher was underway. SP-500 high on 11/22/21 was a projected time event and is still holding.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
Looking at the longer term frequency map back to March 2020 lows- it is saying 'out of time' at that degree. Other frequency origins prior to March 2020 can project further into '22 than Jan '22 but this is the best shot given the market set up currently while looking at all the supporting parameters, breadth, summation, arms index etc. If a development looks to be setting up beyond the current time targets, it will be analyzed accordingly. A daily closing turn signal in either direction should be the next directional signal. UPRO still has not overlapped lower by equal or more than 50% of SVXY which would be typical if a new leg very much higher was underway. SP-500 high on 11/22/21 was a projected time event and is still holding.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
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