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Revised TNA target 53 and change
https://stockcharts.com/c-sc/sc?s=TNA&p=60&yr=1&mn=4&dy=0&i=p77931897374&a=348435584&r=1678802455950&r=1678802525363
RCKS, This has been a difficult pattern since October. I think I'm being somewhat arrogant already by saying it complete, of course it could go to 3750, although I think it would need another week at least.
this chart has a green up fork and labels which is what I think has happened and completed except for the last C up. I try to justify the pattern with wave structure and lengths along with visual alignment of the forks respect to gaps and reversals. There are two wave length of interest here, the green a x 1.618 = green c and green A = Green C targets 4267 which is another fib in the larger chart.
The black fork has a good fit for the fork although wave length patterns were a stretch for me and I discounted them.
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=5&dy=0&i=p06009436668&a=1361469056&r=1678566423143&r=1678567275101
SPX, TNA new targets. SPX minimum 4267 and may try to take out last August high of 4325.
TNA looks like 58, both around 2nd week April
https://stockcharts.com/c-sc/sc?s=%24SPX&p=60&st=2020-03-02&i=p86788823008&a=256257406&r=1678544941973
https://stockcharts.com/c-sc/sc?s=TNA&p=60&yr=1&mn=4&dy=0&i=p77931897374&a=348435584&r=1678542776350&r=1678543079083
SPX , TZA and TNA hit the targets today,
I put a spin on SOX and made it hit its low three weeks ago and I think it can work.
https://stockcharts.com/c-sc/sc?s=%24SOX&p=30&yr=0&mn=5&dy=0&i=p17864273033&a=351381640&r=1678477047630&r=1678477133140
Comparing the indices, what's up with SOX?
https://stockcharts.com/c-sc/sc?s=%24SOX&p=30&yr=0&mn=5&dy=0&i=p17864273033&a=351381640&r=1678464514383&r=1678466956657
Yes, chart with 385 target still works if it happens next week, the Monday latest
https://stockcharts.com/c-sc/sc?s=SPY&p=30&st=2022-10-03&i=p02201827901&a=423085093&r=1677934908780&r=1677982348499
Hi RCKS,
30 min chart with green and blue forks with 3750 targets which fit nicely and black fork with 3850 that also fits nicely. Mon/Tues should tell us which. Once this down is complete we should go up strong with triple witching on Mar 17 and probably into end of March
http://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=5&dy=0&i=t6642481739c&a=1361469056&r=1677348530150&r=1677348838923
Target update, SPX 3850 looks like the target for Monday
http://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=5&dy=0&i=t3898750614c&a=307755350&m=o&r=1677267070225
Hi JK,
I think 276, but 281 has a chance
http://stockcharts.com/c-sc/sc?s=QQQ&p=30&st=2022-08-01&i=p24727615896&a=412962100&r=1676087032901&r=1676087299510&r=1676087767975
Going back and forth on this one.
Final revision I hope: SPY 383.5, IWM 180.5
This will be next week after CPI on the 14th and PPI on the 16th
http://stockcharts.com/c-sc/sc?s=SPY&p=30&st=2022-10-03&i=p53440024088&a=423085093&r=1675860431573&r=1675860972575
http://stockcharts.com/c-sc/sc?s=IWM&p=30&st=2022-06-08&i=p17831333473&a=434502557&r=1675861034552&r=1675861566161
Revised again a bit higher @ 382.5
http://stockcharts.com/c-sc/sc?s=SPY&p=30&st=2022-10-03&i=t4909413867c&a=423085093&r=1675705514268
SPY revised chart, I'm now looking for a bit below 380
http://stockcharts.com/c-sc/sc?s=SPY&p=30&st=2022-10-03&i=t3680340723c&a=423085093&r=1675634819791
Let's bump that target up to 405.3 SPY
http://stockcharts.com/c-sc/sc?s=SPY&p=5&yr=0&mn=1&dy=15&i=p61085895695&a=473093236&r=1675437234544&r=1675437395006
spy 5 and 30 min, I'm seeing a drop to about 403 before the top target
http://stockcharts.com/c-sc/sc?s=SPY&p=5&yr=0&mn=1&dy=15&i=p61085895695&a=473093236&r=1675425198392
http://stockcharts.com/c-sc/sc?s=SPY&p=30&st=2022-03-01&i=p53440024088&a=423085093&r=1675424937491
My 4267 still stands
Current QQQ, with 320 as target
http://stockcharts.com/c-sc/sc?s=QQQ&p=60&st=2020-03-02&i=p16255548740&a=403681284&r=1675333357930&r=1675333682958
SPY 30 minute, 1 and 2 hr charts http://stockcharts.com/c-sc/sc?s=SPY&p=30&st=2022-03-01&i=p51886401353&a=423085093&r=1671616998802&r=1671617145034
1 hr http://stockcharts.com/c-sc/sc?s=SPY&p=60&yr=1&mn=4&dy=0&i=p87523532470&a=350704571&r=1671617332524
2 hr http://stockcharts.com/c-sc/sc?s=SPY&p=120&st=2020-01-01&i=p61233808759&a=1117738549&r=1671617386096
QQQ hit the target and SPX looks like it's at or very near.
UUP chart, Not 100% on this but looks like it needs more up before going down and has an inverse relation to indices
http://stockcharts.com/c-sc/sc?s=UUP&p=30&st=2022-05-02&i=p16335239236&a=1260550896&r=1671458368527&r=1671458412072
QQQ, I see January going to 322 at least and highest making a double top with the August high almost 334
http://stockcharts.com/c-sc/sc?s=QQQ&p=60&st=2020-03-02&i=p13771174468&a=403681284&r=1671215286449&r=1671215681187
QQQ again, it's next Friday today
http://stockcharts.com/c-sc/sc?s=QQQ&p=30&st=2022-08-01&i=t7331293023c&a=412962100&r=1671203961930
QQQ says the low will not come until probably next Fri
CPI report Tues
http://stockcharts.com/c-sc/sc?s=QQQ&p=30&st=2022-08-01&i=p14885016667&a=412962100&r=1670603032413&r=1670603127648
Still on track for 3800 ish, tomorrows PPI will be the focal point and the wave pattern says it will not be too good
http://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=3&dy=0&i=t9207440658c&a=307755350&m=o&r=1670514360778
I see SPX closing the gap from 10/10 around 3800 as a bottom.
Then a trip to 420 and maybe a bit more
http://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=3&dy=0&i=p66328103915&a=307755350&r=1670415815487&r=1670415952489
I don't think my previous comment will come to be.
SPX chart below has the green a x 1.618 = 4267 target for c (the red horizontal line) and is below the August high and NDX is so far below August high I don't think it's likely
http://stockcharts.com/c-sc/sc?s=%24SPX&p=60&st=2020-03-02&i=p83457194222&a=256257406&r=1669655771355&r=1669656026017
After we finish this down move, I'm thinking HFTOM will kick in to follow INDU in that it has already taken out the August high.
If NDX and COMPQ follow that would be quite a rally. I'm then looking for 3200 SPX again
1 hr SPX chart, blue B has moved to current target of 4200 plus
http://stockcharts.com/c-sc/sc?s=%24SPX&p=60&st=2020-03-02&i=t8067852900c&a=256257406&r=1669574903266&r=1669574959577
This is what I see, SPY down this week to 385, then up to 420 by about end of year
http://stockcharts.com/c-sc/sc?s=SPY&p=30&st=2022-03-01&i=p59859099205&a=423085093&r=1669483410160&r=1669483482926
Lower fork tine tag on VIX
http://stockcharts.com/c-sc/sc?s=%24VIX&p=60&st=2017-01-02&i=p98688309442&a=227142001&r=1669136919420
Up tomorrow, purple a x 1.618 = 3988 for purple c and red B target. I think it's possible to make a bottom Dec 16, triple witching
http://stockcharts.com/c-sc/sc?s=%24SPX&p=1&yr=0&mn=0&dy=10&i=p61799299954&a=465225541&r=1668723273080&r=1668723360813&r=1668723734389&r=1668723862734
The SPY road map is still valid and has a bit more room before an upper fork tine breach, INDU has breached the upper fork tine and cause for some concern.
I still believe we need the 3200 or even lower low before this is over
http://stockcharts.com/c-sc/sc?s=SPY&p=60&st=2021-11-01&en=2022-11-30&i=p91246880929&a=350704571&r=1668174582950
We should be at a top here
http://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=3&dy=0&i=t3235910346c&a=307755350&r=1667922399788
INDU chart, Cause for concern on my part, current price has taken out Sept high and in my wave count shouldn't have.
http://stockcharts.com/c-sc/sc?s=%24INDU&p=120&st=2020-01-01&en=2022-11-30&i=p64903069444&a=627530722&r=1667298015364&r=1667298281448
Here's two of the best charts for this, INDU and IWM both need to breach that pink diagonal line, doesn't need much, just a definitive break. For time, if the drop was a controlled one like previous it would take a month, but if it waterfalls down it could do it in half the time. That's my best. EDIT: notice both tagged the top fork tine today
http://stockcharts.com/c-sc/sc?s=%24INDU&p=120&st=2020-01-01&en=2022-11-30&i=p64903069444&a=627530722&r=1666883792500&r=1666884566186
http://stockcharts.com/c-sc/sc?s=IWM&p=120&st=2020-03-02&en=2022-11-09&i=p37489012673&a=462160483&r=1666883556122&r=1666884392850
SPY 1 hr chart, the red circle is still the map, don't be fooled by the three white soldiers on the daily chart completing today, the red circle had those and they failed
http://stockcharts.com/c-sc/sc?s=SPY&p=60&st=2021-11-01&en=2022-11-04&i=p25794524297&a=350704571&r=1666716391196&r=1666717136732