Jan 31, 2026

Update

Some bigger wedge is running. With so much choppy price action you can find different patterns, but the idea is the same - the market is topping for three months now.... similar to the last year around this time.

12 comments:

  1. What about DAX? Has it topped already?

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    1. I think yes - 8 months or 40w high after the previous important high.
      I expect lower high in February for 5w high.

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    2. Any levels on your mind? Thx

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    3. There is no clear pattern to measure something. I am just watching time for the next high.
      At moment I see this - https://invst.ly/1f5ho4

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  2. Just received a push piece from Neely stating: "2026 is NOT GOING TO BE like 2025!! GET READY for VOLATILITY and Big Sell-offs." Okay Glenn, I thought the markets were going to the moon? Hedging all his prognostications.

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    1. I get the idea triangle e completes bigger triangle E. But they should be completed already there is five waves for e and for E - why it is not completed? Why the extra waves? Why the decline when it should rally?
      I watched his videos a few years ago - a lot of arrogance only he understands waves all the other are wrong.... and after the arrogance will come the fall.

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    2. When Neely first made the pompous statement I have posted here before - "Cash Level (S&P) 3491.00 will NOT be broken for 50+ Years!", I finally understood how self-absorbed and full of bravado he is. The markets always rein in those who get too comfortable and confident with their viewpoints.

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  3. The bullish outcome to complete the pattern - https://invst.ly/1f6h4w
    Because of tech stocks SP500 looks ugly, but if you look SPXEW and the previous post it looks perfect for triangle wave 4 and final high as suggested.

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  4. Nasdaq, S&P and DAX all looking a bit heavy here. Still believe we see another leg higher?

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    Replies
    1. Yes leg higher, probably NYSE/DJ new high NDX and SP500 lower high.

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  5. Bitcoin 40w low?

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    1. The 40w low should have been in November. Next important low is in March.
      "Foundation for the Study of Cycles" analysis are good - https://www.youtube.com/watch?v=J0hzGfLLKSg
      They are using spectral analysis and for Bitcoin there is five highs followed by three lows.
      Currently bitcoin is declining into the second low March-April.
      The video is old they were right for a January high for example - watch the video.

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