Replies to post #24030 on CHARTS_CCI_SYSTEM

[northam43]

I don't follow the VIX. So I really don't know what that indicates.

3 of the 4 60 min down phases are overdue & all of the Daily down phases are overdue. The Daily high could be in. May take a couple days to get into Daily Bear territory.

So we could see some large swings here, going in & out of Daily phases.

I expect the Weekly is due for a pullback to it's UTL currently at 3200, the W-SC-2 should get confirmed on 1/27/20, then we get the last leg up (more ATHs) of this Weekly Cycle lasting about 6 weeks, should get to the 3400 level, with a Weekly correction starting sometime in March.

[ashy2classy]

Just showing a lot of people buying puts. Whether it's for a hedge or they think this move is overdone. Regardless, the market doesn't seem to care. We just melt up every day because, why not? Like you said, down is banned forever. *SMH*