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SPX 5925 is my next target ...
SPX 60 min:
The ML retested now looks convincing. The target @ 3800 would be a bit higher if it went into next year.
https://stockcharts.com/c-sc/sc?s=%24SPX&p=60&st=2020-03-02&en=2024-12-02&i=t6354913171c&a=256257406&m=o&r=1723654528884
Do you have targets for the NDX/QQQ?
Thanks, JK
I have downside targets for SPX and NDX as well.
Lets see if the sector rotation brings money into RTY to push it higher.
SPX weekly chart, I'm looking for a large drop (4000-4500) now to complete the red a,b,c pattern shown in the chart.
Unless there's an unusual waterfall drop, it should take around 9 months
https://stockcharts.com/c-sc/sc?s=%24SPX&p=W&yr=16&mn=0&dy=0&i=p61757541661&a=291223101&r=1721322792275&r=1721323926194
thats right - will take a few months before we get there- probably
Hi JK, I have current right now at 2293 with the previous ATH at 2460 and you're predicting 2820 - correct?
made it to ES 5500 (June contract ) plus some points
Now correction ....
For me ES 5430 is a pretty significant level - I'm reducing long exposure.
I have another minor long target at around 5500, lets see if we get there.
took a while - but we made it
SPX 30, simplified, a pattern of higher highs and higher lows, looking for 4213
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&st=2022-09-01&i=p58056274507&a=307755350&r=1704451464129&r=1704451618375
INDU: Here's another, new high for the happy family, probably get most to put in new highs by the March/April high and maybe have a straggler that doesn't and will take until 2025 maybe to do so.
https://stockcharts.com/c-sc/sc?s=%24INDU&p=60&st=2021-11-01&i=p30861413774&a=1280928307&r=1702996939908&r=1702997117188
BKX chart: Shows what I am looking for. Drop into late Jan, rally to March/April and a deep drop into the election. The a (red circle) and c (red lines) of B should have some likeness.
https://stockcharts.com/c-sc/sc?s=%24BKX&p=60&st=2020-01-01&en=2024-12-31&i=p12313762575&a=1117331897&r=1702993686086&r=1702994125068
IWM, Quite the rally last week, however that pink dotted line shows a perfect triple bottom that still needs to be dealt with (taken out)
https://stockcharts.com/c-sc/sc?s=IWM&p=120&st=2020-03-02&en=2024-12-02&i=p35499508241&a=462160483&r=1702898124488&r=1702898257260
No downside ,,,
NQs already broke out - my target is 19150
ES should follow - possible target 5430
IWM 30 min:
Yes, still looking for that below 160 in IWM/RUT
The timeline is looking farther out now.
https://stockcharts.com/c-sc/sc?s=IWM&p=30&st=2022-09-01&i=p17740813709&a=434502557&r=1701693706916&r=1701693827034&r=1701693891568
TX - IWM really extended you call - do you still see it going below 161 next?
I've had Dec 15th or a day or two later as the bottom for a while and it's getting to be maybe too soon although Dec 15 is triple witching and some real nasty drops often occur during the witching
https://stockcharts.com/c-sc/sc?s=NVDA&p=30&st=2022-09-01&i=t3594784808c&a=514360439&r=1701445593339&r=1701445723465
If you have time, can you fork up NVDA?
Looks like a rat tail daily candle in the works, good topping pattern
As expected the rally did go till the end of the month - but now we can go down 😁
Yea, I'm nearly always early, but Wilshire and RUT look to have stayed below my top call.
Still drilling higher - you original 4575 SPX target might be reached
TSLA 30 min:
Target between black and blue fork ends in red
https://stockcharts.com/c-sc/sc?s=TSLA&p=30&st=2023-01-02&i=t8342521810c&a=1090811870&m=o&r=1700155093333&r=1700155513811
SPX 30:
I'm calling B done and ready to move toward C, target below 4000
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=8&dy=10&i=t9982259546c&a=307755350&r=1700080114108&r=1700080321595&r=1700080369844
TSLA 5 min chart:
I had the fork on 30 min at an earlier anchor, think this is more correct and looks pretty good right here
https://stockcharts.com/c-sc/sc?s=TSLA&p=5&yr=0&mn=2&dy=10&i=t1735895496c&a=1239325292&r=1700062943072&r=1700063017571
Having some doubts about going higher here, and the red fork in SPX 30 chart below sure looks good right here including TSLA
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=8&dy=10&i=t1272397740c&a=307755350&m=o&r=1700061190348
TSLA chart again, two red ovals with possible targets, up then down into Dec
https://stockcharts.com/c-sc/sc?s=TSLA&p=30&st=2023-01-02&i=p97475360056&a=1090811870&r=1699994127782&r=1699994199449
SPX 30 and TSLA charts:
TSLA chart has a INV H & S targeting about 255 same as my fork. SPX may well exceed earlier target and reach 4575?
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=8&dy=10&i=p98191908173&a=307755350&r=1699969347577&r=1699969435314
https://stockcharts.com/c-sc/sc?s=TSLA&p=30&st=2023-01-02&i=p86296798271&a=1090811870&r=1699969592214
Hi W,
Here's AJ's link in silicone investor
https://www.siliconinvestor.com/subject.aspx?subjectid=60132
Here's the copy of it:
OK, Centerpoint (or Centrepointe, if you're Canadian) Gap Theory is when you have the start of a strong uptrend, get a daily gap up, a day or three consolidation, then another gap up and close higher.
Take the centerpoint as the middle of the consolidation on FCX between the gaps, which is about $36.22 (I figured it wrong before). Subtract the $31.36 low from it, and add it to the centerpoint to get the target high, which is around $41.08:
(The FCX chart (time wise) has gone beyond the definition, but my SPX 30 chart has it's interpretation in text and arrows.
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=7&dy=0&i=p95723640698&a=307755350&r=1699642993053
snoot - sorry for my ignorance, but what is AJs Centerpoint Gap Theory?
Can you explain what it means using your chart as a reference?
ES 4391 is an important level - needs to break this to continue the ramp.
Its been a crazy one way trip in a single week, no one saw this coming
SPX 30:
I added AJ's Centerpoint Gap Theory to my chart and it comes out the same
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=8&dy=10&i=t7938842900c&a=307755350&r=1699042462510&r=1699042766120
SPX 30: Wave pattern in c of B to SPX 4460 where most will be bullishly looking for end of year rally and end of down move. Then the C wave down into December. RUT index took out last year June low but IWM did not and expect that to happen in Dec.
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=8&dy=10&i=t6348233864c&a=307755350&r=1698930345816&r=1698930555649
ES 4352 is my first target
U have been early with ur calls after about mid year. Nice callouts though. IWM here now almost taking out last years lows
SPX 30, bounce to between 4450 and 4520
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=8&dy=10&i=t7470447594c&a=307755350&m=o&r=1698348258920
IWM 30, bounce to 177+ then take out the 2002 Oct low early to mid Dec
https://stockcharts.com/c-sc/sc?s=IWM&p=30&st=2022-09-01&i=p67226181470&a=434502557&r=1698348486944
I call ES 4181 a hit (cover) - preparing for a bounce
Do you also have an update for QQQ?
Tx
SPX 30: Not much change, 4480 target around end of month
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=7&dy=0&i=p95723640698&a=307755350&r=1698019065565
yes, first 50 ES points up from here would work for me, too
My current SPX 30 minute chart:
I'm looking for some more up first, 4450 or more.
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=8&dy=10&i=t9569188854c&a=307755350&m=o&r=1697554193722
Im in agreement with that, strong support area since may’s looooong consolidation. 4140-4160
I have a downside target of ES 4161
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Happy Family Theory Of Markets (HFTOM)
AJTJ99 developed this one that states:
Any of the member indices that makes a significant high/low will result in the other members following.
The resulting following of the other members need not be immediate and often can be weeks or even months
members: SPX,INDU,NYA,COMPQ,WLSH, and additional indices to keep an eye on: NDX and RUT
Another of AJTJ99's theories is the no such thing as a triple bottom
The triple bottom will be busted in short order.
Scamman's rule of 3
Scamman's Rule of Three stipulates that when the put-call ratio on any of the key indexes - DJX, SPX and NDX - is 3 or higher on a closing basis, there will be a sell-off within 3 sessions
The rationale is very simple - such an imbalance indicates that the "Da Boyz" have positioned themselves to profit from an imminent decline.
my e mail: snootmagruder@yahoo.com
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