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Replies to #9963 on S WAVE CHARTS
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RCKS

06/14/22 6:59 PM

#9964 RE: snootmagruder #9963

snoot

thanks for the update, the steepness has a crash look to it.
Nice call on the Triple Witching, I'm in your camp on this take.

Northam has a cycle target date of 11/4/22 as a possible final Low and he attached a number to it of 2825. That kind of fits with what I see in that I think we could bounce pretty good through summer but then have a test of the lows and possible make new lows to fit his scenario come fall.

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snootmagruder

06/16/22 12:08 PM

#9965 RE: snootmagruder #9963

We.re getting close now, three charts showing some clues:
TRAN needs to make it below the pink diagonal 12,275 (maybe 12,300) minimum down which is 5% more down
http://stockcharts.com/c-sc/sc?s=%24TRAN&p=60&st=2020-03-02&en=2022-06-17&i=p90176018060&a=279040575&r=1655394600787&r=1655395424172
WLSH made it past the pink diagonal and best fit has 35000 bottom and a little less than 4% more down
http://stockcharts.com/c-sc/sc?s=%24WLSH&p=60&st=2020-03-16&en=2022-06-24&i=p16802345866&a=671106384&r=1655395109392&r=1655395923501
SPX The chart has a 3500 bottom although there's a good fit at 3400 also
http://stockcharts.com/c-sc/sc?s=%24SPX&p=60&st=2020-03-02&en=2022-06-17&i=p76720949692&a=256257406&r=1655395397628&r=1655396250796