Feb 28, 2026
Update
More of the same up to the trend line connecting the recent highs and turn lower. I am trying to find a pattern in this mess lasting months and below is what I can see... if it will play out or not I can not say, but it will make pattern and timing look perfect with the 40w high lasting 32-33 weeks.
Complex pattern w-x-y - zig-zag with triangle. You could move the x low to the left than we have completed triangle and the top is in... no guarentee with this mess. The same for the NDX and the DJ could be a zig-zag with a flat w-x-y
The same works for the DAX w-x-y - flat with a zig-zag. Timing will be much better completing 10w high from the last high, now it is a little bit short, but again there is no guarentee so close to importatnt top.
Another week or two for the 40w high means length 32-33 weeks and it will have perfect length like the previous 40w low and high.
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I assume all of the actions now ongoing in the Iran area could greatly affect the markets outlook, at least for the short term?
ReplyDeleteNo, this was expected... just watching the charts.
DeleteDo you believe that the big weekly opening gaps in ES and DAX invalidates the likelyhood of the leg higher?
ReplyDeleteThe pattern for the US indices - SPX,NDX,DJ is perfectly fine only the DAX pattern is busted.
DeleteThank you! Now we have 2 significant bearish gaps in a row on DAX. Top is in?
DeleteYes, it look like the DAX is done, maybe the US indices too - posted a chart below.
Delete5w low?
ReplyDeleteProbably
DeleteMay be something more than 5w low. 20w low? - lasting 15 weeks
DeleteNo, look at market breadth it is topping not bottoming.
DeleteThe next 20w cycle could be wrong translated. 2-3 weeks going up and after down to 40w low
DeleteAnother option the top is in after zig-zag and flat, the first leg lower is complete and now higher into 5w high -https://invst.ly/1fvebc
ReplyDeleteDJ looks like this - https://invst.ly/1fwjpp
ReplyDeletesunday bloody sunday
ReplyDelete