Going by Elliott wave patterns, it would appear that the downside is not fully done yet. The sideways move resembles the flat correction in wave 4 after a steep Wave 3 decline. The sideways move only goes to establish that the main trend is downward and will resume. My personal view is that markets will drop down on Monday to complete wave 5 correction downwards. That will not be as steep as the correction that already took place so far. Once that happens it will complete first leg of correction and there will be a strong bounce back through all of Feb. The million dollar question to ask later in Feb'22 would be whether the bounce back is only a retracement of a larger correction, which will resume eventually or whether it's resuming the bull market.

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

Agree. The reading on the software shows exactly that. On an intraday basis the projection was met on 1/24. Even when you click on the price button to replicate Peter's web chart graph & then highlight the projection area, it says "status: reached".
BUT if you change the inputs from median price to close price then the status changes from "status: reached" to "status: confirmed" which is what Peter is showing us.

Peter can you please address & clarify... median or close - which to use, when & why?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

thebigbluecheese said:

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

Agree. The reading on the software shows exactly that. On an intraday basis the projection was met on 1/24. Even when you click on the price button to replicate Peter's web chart graph & then highlight the projection area, it says "status: reached".
BUT if you change the inputs from median price to close price then the status changes from "status: reached" to "status: confirmed" which is what Peter is showing us.

Peter can you please address & clarify... median or close - which to use, when & why?

I agree also but I never get an answer even when I email or put something on this message. All I know is we have reached every single downside even when I click price and change to intraday or closing. And it looks like we tested the 96.1 and bounced off of it. Now the Dow, I WM, QQQ, all have shorter term up. We’ve reached an intraday enclose in the lower price but no one keeps talking about

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

thebigbluecheese said:

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

Agree. The reading on the software shows exactly that. On an intraday basis the projection was met on 1/24. Even when you click on the price button to replicate Peter's web chart graph & then highlight the projection area, it says "status: reached".
BUT if you change the inputs from median price to close price then the status changes from "status: reached" to "status: confirmed" which is what Peter is showing us.

Peter can you please address & clarify... median or close - which to use, when & why?

I agree also but I never get an answer even when I email or put something on this message. All I know is we have reached every single downside even when I click price and change to intraday or closing. And it looks like we tested the 96.1 and bounced off of it. Now the Dow, I WM, QQQ, all have shorter term up. We’ve reached an intraday enclose in the lower price but no one keeps talking about

XXSPOWER127 said:

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

thebigbluecheese said:

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

Agree. The reading on the software shows exactly that. On an intraday basis the projection was met on 1/24. Even when you click on the price button to replicate Peter's web chart graph & then highlight the projection area, it says "status: reached".
BUT if you change the inputs from median price to close price then the status changes from "status: reached" to "status: confirmed" which is what Peter is showing us.

Peter can you please address & clarify... median or close - which to use, when & why?

I agree also but I never get an answer even when I email or put something on this message. All I know is we have reached every single downside even when I click price and change to intraday or closing. And it looks like we tested the 96.1 and bounced off of it. Now the Dow, I WM, QQQ, all have shorter term up. We’ve reached an intraday enclose in the lower price but no one keeps talking about

I think we go up from here, test the 4450-4500 area (which I think the software shows projections for) and maybe come and test the lows again or go slightly lower to that 4000 area.

michael221 said:

XXSPOWER127 said:

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

thebigbluecheese said:

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

Agree. The reading on the software shows exactly that. On an intraday basis the projection was met on 1/24. Even when you click on the price button to replicate Peter's web chart graph & then highlight the projection area, it says "status: reached".
BUT if you change the inputs from median price to close price then the status changes from "status: reached" to "status: confirmed" which is what Peter is showing us.

Peter can you please address & clarify... median or close - which to use, when & why?

I agree also but I never get an answer even when I email or put something on this message. All I know is we have reached every single downside even when I click price and change to intraday or closing. And it looks like we tested the 96.1 and bounced off of it. Now the Dow, I WM, QQQ, all have shorter term up. We’ve reached an intraday enclose in the lower price but no one keeps talking about

I think we go up from here, test the 4450-4500 area (which I think the software shows projections for) and maybe come and test the lows again or go slightly lower to that 4000 area.

OK, Great opinion, thanks Michael 221 .....but this still doesn't address closing price v median price, when & why to use. These remain as critically important questions. Without answers, & a disciplined implementation, this just degrades into a discussion about a subjective, totally non objective, non scientific approach. If this is about the science of cycles & their efficacy & implementation... (& BTW, my view is that this software has sooo much potential, I think it is great!).... but... these questions warrant answers.

thebigbluecheese said:

michael221 said:

XXSPOWER127 said:

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

thebigbluecheese said:

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

Agree. The reading on the software shows exactly that. On an intraday basis the projection was met on 1/24. Even when you click on the price button to replicate Peter's web chart graph & then highlight the projection area, it says "status: reached".
BUT if you change the inputs from median price to close price then the status changes from "status: reached" to "status: confirmed" which is what Peter is showing us.

Peter can you please address & clarify... median or close - which to use, when & why?

I agree also but I never get an answer even when I email or put something on this message. All I know is we have reached every single downside even when I click price and change to intraday or closing. And it looks like we tested the 96.1 and bounced off of it. Now the Dow, I WM, QQQ, all have shorter term up. We’ve reached an intraday enclose in the lower price but no one keeps talking about

I think we go up from here, test the 4450-4500 area (which I think the software shows projections for) and maybe come and test the lows again or go slightly lower to that 4000 area.

OK, Great opinion, thanks Michael 221 .....but this still doesn't address closing price v median price, when & why to use. These remain as critically important questions. Without answers, & a disciplined implementation, this just degrades into a discussion about a subjective, totally non objective, non scientific approach. If this is about the science of cycles & their efficacy & implementation... (& BTW, my view is that this software has sooo much potential, I think it is great!).... but... these questions warrant answers.

Indeed, I would like a response if I'm going to pay so much for these! Thanks

The closing projection to the downside that has not been reached is the one on spy.

thebigbluecheese said:

michael221 said:

XXSPOWER127 said:

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

thebigbluecheese said:

michael221 said:

But SPX 4222 was hit, and if you have the price bars on and not just the signal line, the projections have been met, no?

Agree. The reading on the software shows exactly that. On an intraday basis the projection was met on 1/24. Even when you click on the price button to replicate Peter's web chart graph & then highlight the projection area, it says "status: reached".
BUT if you change the inputs from median price to close price then the status changes from "status: reached" to "status: confirmed" which is what Peter is showing us.

Peter can you please address & clarify... median or close - which to use, when & why?

I agree also but I never get an answer even when I email or put something on this message. All I know is we have reached every single downside even when I click price and change to intraday or closing. And it looks like we tested the 96.1 and bounced off of it. Now the Dow, I WM, QQQ, all have shorter term up. We’ve reached an intraday enclose in the lower price but no one keeps talking about

I think we go up from here, test the 4450-4500 area (which I think the software shows projections for) and maybe come and test the lows again or go slightly lower to that 4000 area.

OK, Great opinion, thanks Michael 221 .....but this still doesn't address closing price v median price, when & why to use. These remain as critically important questions. Without answers, & a disciplined implementation, this just degrades into a discussion about a subjective, totally non objective, non scientific approach. If this is about the science of cycles & their efficacy & implementation... (& BTW, my view is that this software has sooo much potential, I think it is great!).... but... these questions warrant answers.

Agreed, if I remember correctly from past videos he mentioned that he uses closing price for daily and weekly charts and median price for intraday. I could be wrong, we do need some clarification on this.