Replies to post #20788 on Wyckoff volume benchmarking / market profile bt a

[learningthetruth]

Adam Mancini
@AdamMancini4
·
7m
Historic events, but main story from TA view is #ES_F broke down its 7 month H&S at 4260. Predictably, we melted down with 4170 target. Failed, 4100 next as posted here now

Plan: Size down, 4100 (likely fails), 4030 next support. *Only* safe for bulls when a res clears, now 4170

[jxyzobrien]

bloodbath
Russian stock market down 45 pct

dax down 5pct. It was said a war would knock markets down 10 pct.
That estimate was not far off.

Its crazy how major wave 3 down has crazy events happen.

A decent estimate of this bear market was a 50 pct correction
from the covid lows to highs. That maybe a low estimate.
Giving all to wall street no taxes for corporations
as led to this unfortunately. Run away inflation and a worthless dollar.

People complained interest rates were too high in the 70's when inflation
exploded. High interest rates killed inflation. I doubt we have the
courage or resolve to fix anything that takes longer then a day or 2.

Oil hit 100 today. It will go higher. Safe haven is attracting money.
Dollar up hard. Commodities up hard. Interest rates should have been
raised years ago no we play ketchup.

Capitulation is vix over 40 now its at 36. Bull markets never end well.