Dec 2, 2024

Update

Holiday in the USA and the indices has not really moved... so just a quick update how completed pattern could look like.


a-b-c with c-wave diagonal.

The usual double zig-zag

20 comments:

  1. Have you closed your long DAX position? Regards

    ReplyDelete
  2. Sorry, I meant short of course

    ReplyDelete
    Replies
    1. No, still short Dax not full position just 1/3

      Delete
  3. Looks like NDX is breaking out after a double top. Doesn't look like a top anymore

    ReplyDelete
    Replies
    1. There is no break out... learn to read charts.

      Delete
    2. For me, breakout means double top and newer highs. Just like Bitcoin did yesterday but miserably failed. NDX is still holding above the previous recently highs.

      Delete
  4. Chart above move down to 5200 yet another dream, unless I am misreading the picture

    ReplyDelete
  5. Today is 9 count, I think 6100 is the target

    ReplyDelete
  6. Nothing bearish about these charts so far. If they gonna rugg pull, better do it soon

    ReplyDelete
  7. Bearish divergent and less money and the upper long term chart

    ReplyDelete
  8. Last Wednesday was 5w low?

    ReplyDelete
    Replies
    1. I do not think so, just 20d low now 5w high and turn lower into 5w low

      Delete
  9. It's looks like long forever, Tom Lee think the market is strong, no recession

    ReplyDelete
    Replies
    1. Yes, no recession much worse depression.

      Delete
    2. No one can predict it. What is your theory on why there will be depression?

      Delete
  10. Krasi, do you mind sharing an updated view on CAC and DAX with potential targets? Thx

    ReplyDelete
    Replies
    1. DAX double zig-zag or impulse with 4-5/c/y/Y left https://invst.ly/17uwse
      CAC looks like completed a-b-c https://invst.ly/17uw-x

      I do not have special targets as usual Fibo level+support/resistance+MA... just watching time

      Delete
  11. krasi. can you do a in-depth on SPX now. it is not dropping at all. this is weird. who is buying this market at this high.

    ReplyDelete
    Replies
    1. No need for complex analysis, read above - most likely to complete zig-zag and double zig-zag from the August low and that is happening.

      Delete
  12. Or everything is according to plan

    ReplyDelete