8 replies to this topic

[andr99]

https://i.postimg.cc.../SPXPATTERN.png

 

history doesn' t repeat but often it rhymes

 

maybe it will give us the next IT top if it goes on rhyming again 

 

that kind of pattern which I would call fake inverse h&s is more frequent than one could imagine

 

the next IT top might be around 13000 which is above my most recent expectations

Edited by andr99, 27 May 2022 - 09:58 AM.

[slupert]

https://i.postimg.cc.../SPXPATTERN.png

 

history doesn' t repeat but often it rhymes

 

maybe it will give us the next IT top if it goes on rhyming again 

 

that kind of pattern which I would call fake inverse h&s is more frequent than one could imagine

 

the next IT top might be around 13000 which is above my most recent expectations

You might have something there.

[andr99]

apart that I posted the chart of the nasdaq instead of that of the spx.......but the pattern is quite the same so the outcome should be the same as well

 

13000 obviously is the nasdaq target 

 

 

you know.....I suffer the warm weather and today it's a hot day here, so I don' t pay too much attention

Edited by andr99, 27 May 2022 - 11:12 AM.

[slupert]

 

https://i.postimg.cc.../SPXPATTERN.png

 

history doesn' t repeat but often it rhymes

 

maybe it will give us the next IT top if it goes on rhyming again 

 

that kind of pattern which I would call fake inverse h&s is more frequent than one could imagine

 

the next IT top might be around 13000 which is above my most recent expectations

You might have something there.

 

I would be inclined to say ST, though then higher If doomsayers are wrong, I'm thinking a 3900 -4200 trading range for a couple months The current environment really doesn't allow for multiple expansion. I think liquidity will start to tighten during the July and August time frame, so let's see what happens there first. (JMHO)

[andr99]

here is the spx 

 

https://i.postimg.cc...ATTERNBREVE.png

 

not so different the pattern form, although in the nasdaq it seems to be more clear  

 

4300 target area

Edited by andr99, 27 May 2022 - 11:20 AM.

[andr99]

I forgot an observation......if you look at how quick (look at how inclinated the downtrending channel is) the nasdaq drop has been so far, there are just two possibilities imo. The similarity won ' t be broken and after the bounce

 

top is reached the drop will be resumed with the same speed as before.........or the similarity will be broken to the upside and we have seen the bear bottom.......

 

What I tend to exclude is a choppy action  

Edited by andr99, 27 May 2022 - 11:36 AM.

[steadyquest]

The daily candles tag the 1, 1.4 and 2.33 levels of this count to within 0.06% or better, but they don't come close to hitting the 1.75 level.  In addition to other reasons, maybe the price is retracing to satisfy a technical 'oversight'.

 

[andr99]

here is the dax

 

https://i.postimg.cc...HV/DAXBREVE.png

 

15000 represent a wall of resistance so the bounce shoudn' t  get above it 

 

In summary 15000 dax, 4300 spx, 13000 nasdaq is where I would expect this bounce to end

 

the weekly macd for the dax has still room to the downside and it rarely fails to get to its target

 

 

mid June to end the bounce ? or slightly before ? 

Edited by andr99, 29 May 2022 - 02:08 AM.

[steadyquest]

Assuming one more push lower.  Otherwise, just straight into the last hurrah