The anatomy of an inverted w-x-y Y Wave inside a (Z) Wave is showing us an a-b-c [a], x-y-z [b], now a-b-c where the last -c- is the third of the third, the power move. You don't want to see a gap up here, but rather a small wick on the lower end of today's candle to sport a huge upside move, much like 9 months ago (May 2022) on FED day.
he last -b- wave itself was an x-y-z. There have also been 4 tags or irregular tops since the post FED top: two on the downside and now two on the upside: very bullish.
The cycles suggest a 9 TD high (today) coming out of a 9 TD low yesterday. The astros have first: a Venus/Neptune in Pisces conj. aspect early this morning, followed by the Sun/Saturn conj. in Aquarius tomorrow. One is the start of a mania, the other is the pin that pricks the mania.
Also the 5 minute stochastics created a small Neg D 'y' wave that wasn't matched by the other oscillators. I've seen this before and it denotes that the bulls are ready to pounce on any pull back. It will be so sudden that the 5 min oscillator will not be able to become oversold (which is normal) enough to normally justify the buying that comes in.
The Bull/Bear camp is split even and when this happened in the past, the tie goes to the runner, that is the Bulls. The Bulls will force the shorts to cover in a fierce rally today, to the end of the day in an all or nothing game. Such is my forecast today.
Already, the bulls are buying the futures off the -25 level to the -11/14 area and and the VIX is slipping into the red or even, after higher prices early on.
How high? It's anybody's guess, but I would think 4232/38 as being minimum, 4259/60 mid range and max 4292/93. Any move over 4292/93 would be deemed hyper bull mania (clearing the top of the current channel at 4292/93), and not entirely impossible, IMO.
Edited by blustar, 15 February 2023 - 09:04 AM.
