11:17am EST: SP-500 dropped 13.7% between 3/24/2000 - 4/10/2000 [3 week decline] but the real top arrived at a slightly lower high 9/1/2000 when chronic decline occurred [another lower high also occurred at 11/3/2000] so the opportunities for the high degree top to make it's arrival still exists. There is a price extension resistance target at ES 4267.50 zone; ES 4199 is the next- a 12.5% total drop very similar to 2000 pre-top numbers and also approaching a 3-week decline [or more].
Breadth is oversold. Sustainable high degree declines often drop on modest reductions in breadth relatively speaking in order for the acceleration towards lower prices to continue often until breadth begins to diverge positively.
Original post:
A UPRO turn signal printed on 1/13/22 and a minimum target from the ES diamond is likely just below the current position near 4320. Likely an inverse VIX larger diamond [or similar top structure] is also printing [see bottom chart]. A frequency wavelength target date of 3/11/22 or more would fit that scenario. Note that a wavelength target date can refer to either a high event in a main index [with turn signals demonstrated in leveraged UPRO/SPXU or similar instruments] or a high event in volatility [with turn signals demonstrated in leveraged SVXY/VXX]. The main index and volatility instrument events can occur simultaneously or leading/lagging each other.
The reports of 'brutal' selling, whilst of concern, are entirely what might be expected when approaching a higher degree top. Right on time they've gone from virus-->inflation-->fed speak-->and now Ukraine. A whirling dervish of faux reasoning but no real data.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
Breadth is oversold. Sustainable high degree declines often drop on modest reductions in breadth relatively speaking in order for the acceleration towards lower prices to continue often until breadth begins to diverge positively.
Original post:
A UPRO turn signal printed on 1/13/22 and a minimum target from the ES diamond is likely just below the current position near 4320. Likely an inverse VIX larger diamond [or similar top structure] is also printing [see bottom chart]. A frequency wavelength target date of 3/11/22 or more would fit that scenario. Note that a wavelength target date can refer to either a high event in a main index [with turn signals demonstrated in leveraged UPRO/SPXU or similar instruments] or a high event in volatility [with turn signals demonstrated in leveraged SVXY/VXX]. The main index and volatility instrument events can occur simultaneously or leading/lagging each other.
The reports of 'brutal' selling, whilst of concern, are entirely what might be expected when approaching a higher degree top. Right on time they've gone from virus-->inflation-->fed speak-->and now Ukraine. A whirling dervish of faux reasoning but no real data.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
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