EOD: Most likely more whipsaws while breadth and summation index unwind towards the finale dates.
Original post-
Macros and micros seem to be aligning: The Dow so far has hit a high on [1/5/22] which was an expected short-term wavelength arrival date - see bottom chart on this post on 12/31/21
36,338 monthly closing high on the Dow could be a target. A monthly closing high above that could still be below the 1/5/22 daily [36,952] high.
If expectations manifest, the to and fro in the current set up will wear most media pundits out and quite possibly replace a slight negative mood with a more positive 'consolidation' attitude- only then can any real action commence one way or the other.
Next expected wavelength arrival date window is 1/22 - 1/29/22 [or closest trading sessions to these dates]. Market highs should be expected [lower or higher] followed by possible declines as volatility moves up from the lows. Volatility instrument VIX has not taken out it's lows from June '21 which looks like a pivot occurred in that indicator.
Note on the upper chart, if the projection fits correctly with no more large price advances, it helps solve the apparent debate and confusion over wave labels from the 2009 lows. Also, if you missed it, see prior post [pattern update- passing halfway point].
The bots will flag here when they see a top. (1/25/20, 2/20/20)
Original post-
Macros and micros seem to be aligning: The Dow so far has hit a high on [1/5/22] which was an expected short-term wavelength arrival date - see bottom chart on this post on 12/31/21
36,338 monthly closing high on the Dow could be a target. A monthly closing high above that could still be below the 1/5/22 daily [36,952] high.
If expectations manifest, the to and fro in the current set up will wear most media pundits out and quite possibly replace a slight negative mood with a more positive 'consolidation' attitude- only then can any real action commence one way or the other.
Next expected wavelength arrival date window is 1/22 - 1/29/22 [or closest trading sessions to these dates]. Market highs should be expected [lower or higher] followed by possible declines as volatility moves up from the lows. Volatility instrument VIX has not taken out it's lows from June '21 which looks like a pivot occurred in that indicator.
Note on the upper chart, if the projection fits correctly with no more large price advances, it helps solve the apparent debate and confusion over wave labels from the 2009 lows. Also, if you missed it, see prior post [pattern update- passing halfway point].
The bots will flag here when they see a top. (1/25/20, 2/20/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
Our favorite go to site- McVerry Report
No comments:
Post a Comment