Aug 23, 2026
Update
Around the end of the month we should see 5w low and the first half of September 5w high. All indices show impulsive declin, usualy it means more to the downside.The most simple pattern is we have a top with daily/weekly and market breadth divergences, but until we see the next low and high for confirmation you can still speculate that something else is developing.
It is taking too long so more likely this is the top not B wave.
Trying to find bullish pattern - flat correction a-b-c red or with more downside and high in September ending diagonal 1-2 or expanding ED C-wave... very low probability.
Hi Krasi - If you could expand on this it would be much appreciated - "It is taking too long so more likely this is the top not B wave".
ReplyDeleteAfter b-wave c-wave into 20w low will follow and it will just move lower not doing nothing or declining a little bit.
DeleteThe 4hr S&P created 10 consecutive red bars. This is rare, in a bull trend. Appears sometimes at tops and during bear markets. Extrapolating a Demark count indicates possible TD13 (4hr) ~25th-26th. Then higher for C(2) or 3. This appears to align with you view low around end of month, then high.
ReplyDeleteMay be end July 20w low and last Monday 5w low
ReplyDeleteI doubt it more likely 20d low.
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