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
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.
I'm calling B done and ready to move toward C, target below 4000
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
Having some doubts about going higher here, and the red fork in SPX 30 chart below sure looks good right here including TSLA
TSLA chart again, two red ovals with possible targets, up then down into Dec
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?
Here's AJ's link in silicone investor
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.
I added AJ's Centerpoint Gap Theory to my chart and it comes out the same
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.
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
IWM 30, bounce to 177+ then take out the 2002 Oct low early to mid Dec
I call ES 4181 a hit (cover) - preparing for a bounce
Do you also have an update for QQQ?
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.
Im in agreement with that, strong support area since may’s looooong consolidation. 4140-4160
I have a downside target of ES 4161
SPX 30: added a blue fork with a 4525 target end of next week to the old 4425 mid week target black fork. Next week has some earnings coming out that the market will probably hold and wait for.
SPX 30 min:
The two red diagonals are equal length and the fork looks pretty good there.
IWM chart: Still looking for RUT to take out its Oct 2022 low from last year and this chart has a good fork on it pointing to 160 first week of Oct.
Then up to take out the August 2022 high and make the family happy again. Although IWM squeaked above the August 2022 high this past August, the RUT index did not.
QQQ chart, My target is along that red diagonal with the green and blue forks aligning.
finally some downside seems to happen.
Do you still see SPX going down to ~4100 and then up above 4700 before the large decline starts?
The Happy Family made gains on taking out the August high and is now down to WLSH (that's $EMW now on stockcharts) DJA, both just a tiny fraction from it, and RUT which hasn't taken out the Oct low yet. This setup is very typical for the family and if it plays out as typical we'll see a good drop before these take out the August high. I'm still hoping for RUT to take out the Oct low first.
There's head and shoulder formations on NYA,DJA,WLSH,IWM,MID,SOX and even SPXEW, just SPX,COMPQ and NDX do not.
I have some doubt that the drop targets for these will be reached though. My SPXEW chart below shows a drop just to the neckline.
ES target is 4340
mainly US markets
NQ target now: ~14700
Today proved it a bit tough for being bearish, it actually stopped me out twice BE lmao, really thought it was gonna run, left the computer to come back to it as BE trade
I think a lower low is coming before july 4th, maybe they fakeout break above 15150 just to get smashed back down to 14720ish
Yes, and IMO the pullback is not finished yet - watching NQ 15177