Thanksgiving week is supposed to be some of the most bullish price action seasonal basis.
But what can we expect next week ????
Thursday the markets are closed. Friday is half day.
So that basically leaves us with 5 solid trading days between now and next week.
Martin Armstrong's Pi date is November 21st NEXT WEEK wednesday.
And don't forget that the October 20th 1987 date was also a Pi date and marked the low of the mega crash day.
So the question is if we are going to crash do we do it going hard down right into the Pi date marking the final low on Wednesday of next week? Or do we build up a slow decline into Wednesday of next week, which would then essentially allow 3 to 4 days of potential energy to build up for a huge drop after the holiday weekend.
Seems almost crazy to contemplate such an event occurring during TG week next week because usually, people are in a buying mood. And yet, the current market structure is mapping out at least a possibility of such a scenario. We did an almost exact .618 retracement into November 7th and now appear to be forming a tower top pattern after a 'best friend sell'.