Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Great call JK
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
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
Hi JK, I have current right now at 2293 with the previous ATH at 2460 and you're predicting 2820 - correct?
Great call
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
Nice chart and nonsensical market comments GDL
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
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
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
Looks like a rat tail daily candle in the works, good topping pattern
Yea, I'm nearly always early, but Wilshire and RUT look to have stayed below my top call.
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
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
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
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
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
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.
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=8&dy=10&i=p98191908173&a=307755350&r=1697202502328&r=1697202643641&r=1697202664303
Did you try restart?
Where's the chart?
SPX 30 min:
The two red diagonals are equal length and the fork looks pretty good there.
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=8&dy=10&i=p98191908173&a=307755350&r=1696943504122&r=1696943651818
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.
https://stockcharts.com/c-sc/sc?s=IWM&p=30&st=2022-05-02&i=t5738181075c&a=434502557&m=o&r=1695316049433
QQQ chart, My target is along that red diagonal with the green and blue forks aligning.
https://stockcharts.com/c-sc/sc?s=QQQ&p=30&st=2022-10-03&i=p42460679757&a=412962100&r=1692476855158&r=1692476977999&r=1692483400191&r=1692488442156
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.
https://stockcharts.com/c-sc/sc?s=%24SPXEW&p=60&st=2021-11-01&i=p26284544839&a=416690378&r=1688894822711&r=1688895129824&r=1688895369711
The C will morph into a more complex I think. The chart to watch IMO is RUT.
I'm looking for RUT to take out the June 2022 low. (IWM below 160)
https://stockcharts.com/c-sc/sc?s=IWM&p=60&st=2021-11-01&i=p22209884227&a=1361692571&r=1687914599152&r=1687914700621