11:08am EST: Some negativity might be expected for today according to the internal waves on the retrace up. Once we clear today, a more positive [or less negative] aspect should take hold. A weekly negative print today will however go towards creating breadth attrition for a stronger decline later on at the target dates.
original post-
Next best estimate for a high is the window enclosing: 1/22 - 1/25 - 1/29/22 [use the +/- 1 closest actual session dates]. Expectation is that breadth and summation index will have declined sufficiently to print a turn down signal in the market [volatility turns up]. This is a preliminary draft estimate but does fit required positions expected later on. Time is likely running out from the 2009 [low] wave. There are always more time and price extensions to consider but the data is not favoring that just yet. A break out of range now will require an updated analysis.
Note the 50ma in the chart pinching towards the 200ma after a strong width printed in August '21. July '21 printed two large weekly momentum turn signals that seemed to kick off the roll-over move.
As always- very little or nothing to do with virus developments, economic report numbers, Fed speak etc, etc. Everything to do with price and time waves first and foremost. These drag everything else along with them like the wake behind a mega-sized freighter. Belief in the power of humans over cycles fails. Success has a better chance when disseminating the real evidence correctly.
original post-
Next best estimate for a high is the window enclosing: 1/22 - 1/25 - 1/29/22 [use the +/- 1 closest actual session dates]. Expectation is that breadth and summation index will have declined sufficiently to print a turn down signal in the market [volatility turns up]. This is a preliminary draft estimate but does fit required positions expected later on. Time is likely running out from the 2009 [low] wave. There are always more time and price extensions to consider but the data is not favoring that just yet. A break out of range now will require an updated analysis.
Note the 50ma in the chart pinching towards the 200ma after a strong width printed in August '21. July '21 printed two large weekly momentum turn signals that seemed to kick off the roll-over move.
As always- very little or nothing to do with virus developments, economic report numbers, Fed speak etc, etc. Everything to do with price and time waves first and foremost. These drag everything else along with them like the wake behind a mega-sized freighter. Belief in the power of humans over cycles fails. Success has a better chance when disseminating the real evidence correctly.
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
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