If we gap down tomorrow - market is toast...especially if ..

fyi -I am VERY BUSY this week (with non market project - 3 part website interview I mentioned ) - but I will attempt juggle it all and post a TA video today or tomorrow IF the DATA come back LOL ...usually later ...I'm sure there is a totally reasonable explaination e.g. high volume ...but as a ex-techy I don't understand why they haven't solved that given this occurs

for the last 20 years on high volume days ..or some us 'conspiracy nuts' might believe its just to make like difficult for retail ..nah!

Edited by EntropyModel, 13 March 2023 - 12:12 PM.

To be clear here -

- I've said We topped 4200 a while back

- Any bounce off 3750-3800 area is a gift if you haven't got out of longs

- there is no guarantee we bounce, I put it high odds than just collapsing but the data I have is alarming as still no shorting/fear!

HEADS UP  - Given Biden on tv and headlines on BBC etc u wd have to anticipate some sort of temporary market intervention here ..seen it every time.

..usually the come last ..last 30 mins ...or maybe wait for tomorrow.

No TA can see it coming - but if the tape goes vertical late - dat's why ..we saw a ton of them in 2020.

* oh and Wall street is now campaigning predictably to stop more FED hikes LOL ..I highly doubt it will work but might given more 'slope of hope' for the 'last chance bounce'.

Edited by EntropyModel, 13 March 2023 - 01:57 PM.

HEADS UP  - Given Biden on tv and headlines on BBC etc u wd have to anticipate some sort of temporary market intervention here ..seen it every time.

..usually the come last ..last 30 mins ...or maybe wait for tomorrow.

 

No TA can see it coming - but if the tape goes vertical late - dat's why ..we saw a ton of them in 2020.

 

* oh and Wall street is now campaigning predictably to stop more FED hikes LOL ..I highly doubt it will work but might given more 'slope of hope' for the 'last chance bounce'.

Yep LOL

Crisis mode still on tape - how do I know? simple - stockcharts haven't fixed data that went missing yesterday, as also occurs 100% time during these events LOL ...and by

not backfilling screws up all TA - models like mine .... once crises is over it will re-appear ...its a signal I now use as heads up of intervention coming like today. 

So expect more volatility - if this predicable attempt fails, likely get another one that is recent MO

BONDS - TNX- not convinced they have topped ..everyone seems convinced again which is part of problem as seen this for over a year ! ...but technically, could still be wave 4 ..C down ...and 5 up into summer top... tbd

Crisis mode still on tape - how do I know? simple - stockcharts haven't fixed data that went missing yesterday, as also occurs 100% time during these events LOL ...and by

not backfilling screws up all TA - models like mine .... once crises is over it will re-appear ...its a signal I now use as heads up of intervention coming like today. 

 

So expect more volatility - if this predicable attempt fails, likely get another one that is recent MO

looks like failure to me already - too few shorts for fuel ...so I wd expect a choppy period next few days with more 'magic' upside moves...but ultimately it's going to fail because of fear of shorting from all the

previous time everyone with a clue knows its been saved.

Edited by EntropyModel, 14 March 2023 - 12:09 PM.

Great calls on the market! How far do you think this bounce will go for? Any help is greatly appreciated!

Thx Waver.

I posted this update today on the bounce - 

https://markdavidson...nal-bounce-area

Edited by EntropyModel, 16 March 2023 - 06:59 PM.