10:00am EST: A second leg up has commenced from the low that printed after the decline from the 12/5/21 high. No detected turn signal has printed so the market is still under the influence of the Sept lows turn signal. No change to the outlook until the 11/4/21 high is taken out in SVXY.
Originsal post-
Wherever prices land [indexes, volatility instruments etc.] - all indicators are lining up for the arrival of a wavelength at the end of Jan / - Feb '22 to create an event. SVXY may already have topped for this market exactly on the long term projected date of 11/4/21 [or be very close to it].
notably-
i) since Feb' 21, SVXY has struck into new high territory 4-7 weeks [tops] from a prior high. Currently it exceeds 9 weeks and still no new highs.
ii) summation index [daily] is in a topping set-up and looking to roll over very close to the anticipated date time window of late Jan with a lower MACD peak potentially than November [when the 11/4/21 long-term wave high printed].
iii] not only has UPRO not declined from the November high to create a persistent sling-shot much higher for the market overall, it is making highs relatively higher than SVXY likely signaling euphoria and most likely creating the opposing side of a negative divergence generally. Conversely, if it has created a positive divergence, then a strike above the range will be apparent when and if that happens but that seems increasingly lower on the odds given the current background macros.
iv] ES futures is continuing to linger around 12/23/21 prices.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
Originsal post-
Wherever prices land [indexes, volatility instruments etc.] - all indicators are lining up for the arrival of a wavelength at the end of Jan / - Feb '22 to create an event. SVXY may already have topped for this market exactly on the long term projected date of 11/4/21 [or be very close to it].
notably-
i) since Feb' 21, SVXY has struck into new high territory 4-7 weeks [tops] from a prior high. Currently it exceeds 9 weeks and still no new highs.
ii) summation index [daily] is in a topping set-up and looking to roll over very close to the anticipated date time window of late Jan with a lower MACD peak potentially than November [when the 11/4/21 long-term wave high printed].
iii] not only has UPRO not declined from the November high to create a persistent sling-shot much higher for the market overall, it is making highs relatively higher than SVXY likely signaling euphoria and most likely creating the opposing side of a negative divergence generally. Conversely, if it has created a positive divergence, then a strike above the range will be apparent when and if that happens but that seems increasingly lower on the odds given the current background macros.
iv] ES futures is continuing to linger around 12/23/21 prices.
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.
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