Nov 24, 2025
Update
Still following the same 5w low and now bounce probably for 5w high. Looking the price action(very choppy) and market breadth indicators I do not see capitulation which means it is more likely this is not the end of the correction, but just the first wave lower.
It looks like wedge/diagonal lower and now we should see b-wave higher. Alternate one more push lower to complete the a-wave.
It took two weeks but support/neckline nas been touched and now we should see a bounce.
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b-wave needs to go a little higher still?
ReplyDeleteYes, it looks like the first leg of it.
DeleteSPX gone up 200+ handle since low. 7200 ATH? or 6800?
ReplyDeleteI think the two charts above are pretty clear.
DeleteIf the closing price of Nov is higher than the Q3 high and Q4 open px, the probability of another ATH in December is rather high imo.
ReplyDeleteSPX looks 10w low but DJI 5w low
ReplyDeleteWhat is the difference?
DeleteI mean there is a 5w cycle of difference between the 2 options for the 40w low
Deleteany change in terms of views from the spx chart? it looks liks spx exceeded the chart label of 6800.
ReplyDeleteNo, I did it not give price target rather time target for 5w high around the end of November.
DeleteWe have a wedge lower so deep retracement is not a surprise.
Bitcoin perfect cycles and pattern - https://invst.ly/1dl4n4
ReplyDeleteUsually BTC and indices move in sync and H&S with a right shoulder starting in December and completed in March followed by a low in the summer will look perfect
Do you expect something similar for SPX as well (final top in Q1 before a bigger decline)?
DeleteYes, that is the the idea the timing for low/high should be the same.
Deletelooking good to close nov at 6840!! ath coming! just anyhow buy anyhow male alot of money!!
ReplyDeleteSpy monthly candle, hanging man
ReplyDeleteany chance of hanging man playing out in dec? Santa month is usually bullish and stupid trump now controls the market.
ReplyDeleteNot very likely
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