Leg higher as expected and all this one month after the previous high. Still the most likely scenario is b-wave and 5w high.
Two legs higher with the same size this should be a b-wave in the big picture.
In theory this should be 5w high and in the big picture we should see a decline into 20w/40w low.
Do you believe 20/40w low could coincide with the FOMC meeting around Dec 10?
ReplyDeleteIt is possible.
DeleteIs this b-wave taking too much time, or is it still your preferred scenario?
DeleteStill expect to see move lower - there is no fear for important low like 40w low.
DeleteIn theory? In theory the market is random walk.
ReplyDeleteit is not random.
DeleteLooking at Crypto fear and greed index, it feels like this this may be a 10w or even 40w low for crypto and indices. Is that a possibility?
ReplyDeleteYes this is the idea.
DeleteWhat is your view on garbage stock tesla. Will it meet its doom soon?
ReplyDeleteYes, it will follow the market.
DeleteSo much for a pullback into mid Dec?
ReplyDeleteNo, there will be leg lower.
DeleteTheory not working out into 20week low
ReplyDeleteAre you sure?
DeleteWhat happened to your 4 year cycle high this year? You seemed so confident.
ReplyDeletePerfectly on track - in the Nov-Feb topping time frame.
Deletespx now 6850, can u update ur charts to show probably path? its not going down at all.
ReplyDeleteNothing new to show sideways move in the last 5 days.
DeleteDon't you think it's bull flag?
ReplyDeleteAnd for gold, what is the target, the previous peak?
ReplyDeleteB over
ReplyDelete