10 replies to this topic

[bigbud]

just my fearless forecast...

possible reversal/top around Wednesday May 23, and another one around Monday June 4.

If this is the completion of a lower shoulder in SPX, there should be a significant decline into around Monday June 25.

 

This is based on a MT cycle of ~25 weeks, and a shorter one of ~1 month

Edited by bigbud, 22 May 2018 - 07:47 AM.

[bigbud]

May 23 was a swing high (closing data)

Around June 4 now looks like a lower swing high

Expecting some kind of a correction low around June 22-25

A lower low around mid-August

[bigbud]

^{choppy market... still looking for a lower swing high around June 1-4, then down a couple weeks.}

Edited by bigbud, 01 June 2018 - 02:39 AM.

[bigbud]

[bigbud]

looks like a higher swing-high on June 1-4 (at least on closing data SPX)

Still expecting a downtrend coming weeks from here

Edited by bigbud, 04 June 2018 - 06:57 AM.

[bigbud]

momentum in tech and smallcaps

setup seems to stretch into swing-high around June 7-11 sometime.

Then down a couple weeks, bounce and a cycle low mid-August.

[bigbud]

ok stretched to June 12. Game over

[bigbud]

Nov.07

May.08

April.10

April.11

(March.12)

July.15

hmmm Sept.2000 

all relevant

[Waver]

Somewhere along the line the forecast has got to be considered incorrect.

[bigbud]

Somewhere along the line the forecast has got to be considered incorrect.

yes, if we see something like the red line... i consider it incorrect

The call was for a possible final swing-high around June 4. But the momentum was bigger than I expected, so it has extended to June 7-11 - actually June 12.

I see this as one extended swing, and the swing-high was June 12. If we "crash" down from here, the call was correct in my view.

If we consolidate and break up, it was wrong