Trading trigger - buy signal.
Analysis - important top 18m high, which could be the price high for the 4y cycle.
P.S. - for a trade both analysis and trigger should point in the same direction.
TECHNICAL PICTURE and ELLIOTT WAVES
Short term - w-x-y or a wedge completed.
Intermediate term - two Fibo levels of different degrees reached - very high probability the double zig-zag from October.2022 is completed. Topping similar to 2021, the other indices like NYSE/DJ/SPXEW are not following - sideways corrective move in the last three months.
Long term - double zig-zag(from 2020) for y/B at 9y cycle high 2000-2007-2015-2024.
MARKET BREADTH INDICATORS
Market Breadth Indicators - neutral... but very weak for ATH.
McClellan Oscillator - well above zero.
McClellan Summation Index - turned higher.
Weekly Stochastic of the Summation Index - turned higher.
Bullish Percentage - in the middle of the range.
Percent of Stocks above MA50 - in the middle of the range.
Advance-Decline Issues - in the middle of the range.
Fear Indicator VIX - some kind of bottoming.
HURST CYCLES
Short term cycles - 20d high and next week 20d low. This should be a high of 20d up to 18m cycle high.
At 18m high, the cycles 10w/20w/40w deviate from the usual length... if the indices continue with this rhytm we should see 18m low short before the US elections.
Since 2009 every surge higher lasted 21-25 months and this is month 22 - according cycles and the pattern it is done.
Thank you for your analysis. Are you expecting the market to top in the next few days? thanks
ReplyDeleteIt is not possible to pinpoint the day of the high. As you can see we have some wedge to waste time waiting for the other indices like DJ NYSE RUT making their top.
DeleteDid we just complete an ending diagonal on spy?
ReplyDeletelooks like an ending diagonal in progress which should top early next week at the latest. and if i may for the negative comments offering absolutely nothing but retarded comments, if you dont like it here fck the fck off and go somewhere else.
ReplyDeleteJP
if they buy it into the close/tomorrow open to about 5675-80spx the ed could be over. lets see
DeleteJP
If not we all know you'll be back tomorrow to say the same retarded shit over and over for two years. You add zero value to this forum.
Delete"AnonymousFeb 3, 2023, 10:34:00 PM
hi krasi, first i understand your frustration about lady s, unbearable to say the least.. for whatever it's worth i think we have one more high next week to finish w5 of wC before lights off. bears are about to get paid beginning second half of february. last week was indeed an irrelevant 20week low that will not even a be a blip in the big picture. we shall see. thank you for all your work.
JP"
are you for real! february 3 2023 was the day of the high followed by a 9.3% decline into mid-march 2023 from 4205 to 3805! if you think 9.3% is not good enough you never traded a day in your life. enough said you are a retard and i am out of here for good. thank you krasi for all your work.
DeleteJP
I am busy this weekend so there will be no update
ReplyDeleteLet me do it for Krasi: New high next week then a crash
DeleteThe sheeple do not have original thoughts in their head so failed as expected.
DeleteWhy so silent inform us about the new ATH....
ReplyDeleteDo we pullback until election? What levels
ReplyDeleteSecond half of October 4900 target
DeleteKrasi, on iwm - completion of a C of B? Larger C down next into the fall? Thank you
ReplyDeleteI think until spring 2025... it looks like flat so C lower
Delete10w low last Friday?
ReplyDeleteThree months so no - 20w or 10w+5w
Deletewell how bout that
ReplyDeletelol
Delete5427
ReplyDeleteIs this the low
ReplyDeleteOnly short term 20d low
DeleteBack up to new highs
ReplyDeleteLame pullback…5400
ReplyDeleteCliff ahead - yeah right
ReplyDeletePathetic...
ReplyDeletePullback is over - what a joke
ReplyDeleteLamest pullback ever…..done now next week dovish fed and new highs
ReplyDeleteSo, was that the drop Krasi had been predicting for the past 10 months?
ReplyDelete