See latest post 2/28/22 Corrective is the word
2/27/22 8:32am EST: Just a quick heads-up on the move up that has occurred from the recent calculated mkt low / 4hr frequency count number [9+1] posted here: the very short-term dates 2/28 thru 3/2/22 +/-1 are potential event date zones so a pullback might fit either zone which do overlap each other given date tolerances. Lots of compacted date alignments are in focus reflecting the current volatility [mkt up or down]. In consideration of more downside pending according to current analysis, caution is advised on this retrace. More likely, a bit more time will be needed to create a meaningful position for any decline to begin, if that is the intent of the developing patterns.
Original post-
VVIX index or 'volatility of VIX' may at first seem redundant but when used in context with target estimates either dates or price levels, it can flag a strong response in proximity to those locations and also during those impulsive days. It acts almost like an accelerometer flagging sudden changes in positions- not usually a positive at extremes. See recent patterns. Not convinced that a terminal top has arrived yet but everything is looking like a **'medium'-sized generational top is about to print perhaps in the fall [early-mid '23?]. A high degree wave 3 top that possibly corrects moves up from the 2007/2008 high. The current moves are likely part of the unwinding of positions that leads towards that scenario.
**'medium' as being considered relative to wave 5 being the end of a major up leg from a very deep starting position in the stock market wherever that may be [somewhere prior to 1995].
Looking at the very bottom chart note the lower panel SVXY daily / weekly, odds are that when that pops above it's current highs later on there will be a reckoning. That is typically how it has behaved at every degree level.
Live environment -
The short term leg decline count did conclude where expected albeit right up to the edge. There is a deficiency on the larger degree decline count which is why there seems to be more downside to complete it successfully. The depth can be estimated using fibonacci extensions.
Tech note: top target >= turn signal [mkt dn] date zones: Wed 3/9 - Sat 3/12/22 [+/-1, range: Tue 3/8 - Mon 3/14/22] OR SOONER..watch is active- index or volatility t.s.
See also higher degree pattern / likely unfolding diamond structure
Flags will be posted here when a top is detected. (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
No comments:
Post a Comment