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Tima
Tima

brian1469 said:

Peter thanks for the long update. I'm still cautious to get to super bearish because if the 7/8 projection is hit on the ES it will give another upside projection with the 24/27.

I believe all these could happen and all the downside still be in effect. Could see this lead up to the November election on the 8th.

Here is my latest chart update, kinda gives you the same idea of another high into midterms if not earlier than that https://www.tradingview.com/chart/SPX/eQMeRMwZ-SPX-my-pathway-for-the-next-week-or-2/

bcanary964
bcanary964

Tima said:

brian1469 said:

Peter thanks for the long update. I'm still cautious to get to super bearish because if the 7/8 projection is hit on the ES it will give another upside projection with the 24/27.

I believe all these could happen and all the downside still be in effect. Could see this lead up to the November election on the 8th.

Here is my latest chart update, kinda gives you the same idea of another high into midterms if not earlier than that https://www.tradingview.com/chart/SPX/eQMeRMwZ-SPX-my-pathway-for-the-next-week-or-2/

A few analysts I follow, including Robert Kelley at Elliotwave, are calling for something similar. A pullback here to work off the overbought levels, to be followed by one last rise to around the 3900 level. That could match the 24/27 projections and last several more days at least.

seamus.ssoh3308
seamus.ssoh3308

bcanary964 said:

Tima said:

brian1469 said:

Peter thanks for the long update. I'm still cautious to get to super bearish because if the 7/8 projection is hit on the ES it will give another upside projection with the 24/27.

I believe all these could happen and all the downside still be in effect. Could see this lead up to the November election on the 8th.

Here is my latest chart update, kinda gives you the same idea of another high into midterms if not earlier than that https://www.tradingview.com/chart/SPX/eQMeRMwZ-SPX-my-pathway-for-the-next-week-or-2/

A few analysts I follow, including Robert Kelley at Elliotwave, are calling for something similar. A pullback here to work off the overbought levels, to be followed by one last rise to around the 3900 level. That could match the 24/27 projections and last several more days at least.

I hope so then

Yadunath
Yadunath

While bounce-back and optimism is no doubt testing our patience, it doesn't lead us to think it's in a bull market by any stretch of imagination. All the key indexes are well below 200d EMA, while just about hugging and kissing 50d EMA, which is a crucial level. So, the markets continue to remain bearish unless they do something drastically different in the coming days.

I will also invite everyone to watch Robert Prechter's presentation hosted by FSC, which is available for free on YouTube. Prechter had been pessimistic on markets ever since I started following him but this time around he got it very accurate. He had predicted that the markets topped in Dec'21 in real-time and he got it right not only on stocks but also got remarkably accurate on commodities and interest rates. He has further said that the decline so far is just a blip in the radar and the markets have a long way to go down. So, I guess we have to wait and watch.

You had mentioned about this friend of yours, who is unfortunately no more. Can you be a bit more specific about what he found out or what type of analysis he used to do?

dh5046
dh5046

Love the Terry Laundry T-Theory shout out....I remember the day he passed, brilliant guy

seamus.ssoh3308
seamus.ssoh3308

slvpredator3243 said:

ray586 said:

The NDX is up over 700 points since last week. I wish I never tuned in to the Aaron Brickman interview.

That is the problem. Aaron Brickman was everywhere. Everyone wanted to benefit by going shorts. Boat was fully loaded guaranteed to loose money. Easy money is never easy. Peter always looks for crash never look at short term signals. 60 min chart must be his first call. we all know SPX will hit sometime in future. in between and daily moves are more important

very

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