Complex H&S

snp

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EOD TUES

from 1981
w1 2071=91
w2 2042
w3 =1.62×1=2189
w4 =38%x3=2133 pivot
w5 =1=2224 P3 OR INT 1 (243)

INT 2 =62%x1=2073
INT 3 =1.62×1=2467 (394)
INT 4 =38%x3=2317
P3 2560

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WEEKEND UPDATE

4 Hour Candles keep you in the trade.
Bubble? What Bubble?

SPX Daily Forks

IWM Daily Breakout
This week I heard people say “no way I’m going long up here”!
There is no up here.
Close below upper red line is stop.

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WEEKEND UPDATE

IWM DAILY
DIAMOND CONTINUATION BREAKOUT.
QUAD TOP…BREAKOUT OR BREAKDOWN?

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WEEKEND UPDATE

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THURS EOD

weekly close above 2052 is bullish

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WEEKEND UPDATE

WEEKLY

DAILY

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EOD WED

WEEKLY

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EOD TUES

WEEKLY

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EOD MON

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WEEKEND UPDATE

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EOD THURS

really liking the 4hr candlesticks to identify swing changes and keep me in the trade thru the bumps. best of all it’s simple. I’m done w over thinking.

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EOD WED

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EOD THURS

from 1988 low almost perfect fib c=a 21-9-21 up to 2021

intraday down from 2021
a=2021-1999=22
b=2016.5-1999=17.5
c=2016.5-22=1994.5=26.5 to complete abc of A

B=1994->2004=10

now in C
targets
C=.62A=1987.5
C=2021-34=1987
C=A=1977.5
C=2021-55=1966
C=1.62A=1961

Weekly 34EMA = 1984
from 2064 5=1=1980
from 2057 C=.62A=1978
H&S = 1975
from 2094 C=A=1962

clusters at 1987, 1978, 1961/2
60min candle body resistance at 2000
30min candle body resitance at 2003

Posted in SPX | 9 Comments

EOD TUES REVISED

from 1973
w1 2012 = 39
w2 1992 = 20
w3 2094 = 102 = 2.62 w1

w4 targets
2078 bottom pivot
2077 top pivot
2074 w4 = w2
2070 23.6% of w3
2070 pivot
2065/66 EMAs
2063 bottom pivot
2055 38.2%

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EOD TUES

1973 pivot
1972=2061-89
1967=2056-89
1966 bottom of pivot
1963 top of pivot
1962 weekly 34ema
1962=2017-55
1956 pivot
1949-51 fibs
1949 bottom of pivot

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EOD THURS

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INTRADAY THURS

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EOD WED “DOW LEADS UP”

In Big Up/Down Land it seems if I have this right that SPX confirmed a Daily Big Down on Dec 1 but it was negated today w the new ATH. The R2K Daily Big Down is still in play. Interestingly the Dow didn’t trigger a Daily Big Down Dec 1 because it closed in the upper half of it’s trading range and then made new highs Tues so it’s Big Up from October is still in play. The Dow is leading up. Normally that’s a good sign.

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EOD MON

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WEEKEND UPDATE “INDU H&S”

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EOD WED “INDU H&S” ?

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INTRADAY MONDAY “DOW FORKS SIGNAL TOP” ?

the forks perfectly caught the October bottom.
maybe this is a ST/MT top.

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THURS EOD “TOP NEAR?”

If 1869 was w1 and 2001 was w4 then .62×1=2031 and 5=1=2049. 2031 lines up with 2035 fork target.

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WEEKEND UPDATE

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INTRADAY WED “MAJOR B?”

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EOD TUES

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EOD MONDAY “GAP AND CRAP?”

a quiet top here
1821+144=1965
1878+89=1967

or

Gap to 1973/1980 and Crap
Sept 18 flatline pennant then Fri 19th gap n crap.
Sept 4 gap n crap

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EOD THURS “TOP?”

1927+34=1961
1821+144=1965
1878+89=1967

_______SPX

_______INDU

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EOD WED #2 “BUT THE DOW…”

seems to confirm 1927 (16460) was THE test of support.
or is it all too perfect?

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EOD WED “CURVEBALL TIME?”

perfect 21(fib)ish down from 1949 to 1927
plus a perfect backtest of the green median line.

but is it too perfect?
maybe look for a curveball here?

how about 34 down to 1915?
1. spooks the bulls into stopping out
2. backtest red median line
2. 60min 34EMA 1915
3. 60min 89EMA 1917
4. Daily 13EMA 1916
5. Weekly 34EMA 1918
maybe…

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INTRADAY WED

another 20 point drop like 1898-1878 (fib 21pts) would give a test of the prior 4th at 1929. then 34 up to 1963 to end the bounce?

pivot to pivot
1821 (bottom of 1828)
1869 (pivot)
1835 (top of 1828)
1898 (1901 pivot)
1878 (top of 1869) fib 21
1949 (bottom of 1956)
1929? (pivot) fib 21
1963? (top of 1956) fib 34
1965=1921+fib144
1966? (bottom of 1973)
1967=1878+fib89

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EOD TUESDAY

I’m still selling into this rally. 1955/6 or 1965/67 are targets.

Daily 34EMA=1942
62% Major A=1943

1956 PIVOT AREA
Weekly 13EMA=1951.
C=A(1898)=1955
5=1.62X1(1869)=1956
2.62=1961

1973 PIVOT AREA
1821+144=1965
1878+89=1967

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EOD MONDAY

I took some off the table on the AH pop to 1910 area.

Was A 1869 or 1898? Or was 1869 wave 1?
Showing all options.

1901 PIVOT AREA
5=.62×1(1869)=1908

1821+89=1910
60min 89EMA=1910
Daily 13EMA=1910
1878+34=1912
C=1.62A(1869) or 3=1.62×1=1913
62% Int B=1913
Weekly 34EMA=1917

1929 PIVOT AREA
50% Major A=1920
1835+89=1924
C=.62A(1898)=1926
5=1=1878+48=1926
1878+55=1933

Daily 34EMA=1942
62% Major A=1943
Weekly 13EMA=1945

1956 PIVOT AREA
C=A(1898)=1955
5=1.62X1(1869)=1956
2.62=1961

1973 PIVOT AREA
1821+144=1965
1878+89=1967

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WEEKEND UPDATE

1821+89=1910
C=1.62A or 3=1.62×1=1913

2.62=1961
1821+144=1965

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INTRADAY THURS “DOW FORKS SAY MAJOR A DONE”

Can’t believe I didn’t see this yesterday. Too busy w day job. 😦  A perfect touch to complete the red forks move. It doesn’t get any more textbook than this.

Watching SPX for possible nested 1,2’s up from 1821.
wave 2 of 3 targets 1839, 1844/5 and 1850.
39 works the best

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EOD WED “V AND B”?

V bottom and now B up?

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LONG TERM UPDATE “SPX FORKS”

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EOD TUES #2 FORKS

up then down or down then up?
+D makes going a up more of a possibility.

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EOD TUES

pretty much same as yesterday but now also +D on 60min

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EOD MON

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Weekend Update

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EOD THURS #2 “BULLISH FORKS”

SPX stopped right the intersection of red and green (like it should have)
X marks the spot
now up to purple or red?
or continue down to lower red?

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EOD THURS “CLUSTERS”

2 good target areas for Major A.
for the first, watch for +D on the 60min
it also matches up w the little H&S on IWM that targets 105.3

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INTRADAY THURS “VFR – VISUAL FLIGHT RULES ONLY”

Wow. Crazy market. Seems like we’re in the Bermuda Triangle now so T/A (“Instruments”) are challenged to track and predict the extreme swings so keep your hands inside the windows and simply watch the price (wildly swing lol). The +D on the 60min and Daily INDU (and Daily on everything else) looked promising and still may be. 1925 looks like either Int A or Minor 2 with 1970 being Minor A or Minute 1. From 1970 if 1925 holds could be Minor B or Minute 2.

If 1925 fails then is seems 1970 was Int B and then would be in Int C down to 1912, 1876 or 1818 with .62A, A and 1.62A.

For the move down from 1970
A=1952
B=1959
C=1.62A=1930=88.7% retrace
1925=78.6%

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TUES EOD #2 “Fork Save?

last night I posted “a test of the top of the 1929 pivot (1936 near 78.6%) would shake the bulls.”  here’s why.

INDU – today’s low was C?

X=17351
A=16674
B=17099=61.8% XA
C=16716=88.7% AB
D=1.62XA=17762
D=3.62AB=18216

SPX ~2077-2115

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TUES EOD #1 “Bulls Still Have a Chance”

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MON EOD “IHS TARGET HIT”

Hit the IHS target at 1979 and got a backtest of the diamond but was that INT B or Minute 1? or is Int B still in progress?

need to see where next divergence is
if this is P4 I’m leaning that Int B is already done.
a test of the top of the 1929 pivot (1936 near 78.6%) would shake the bulls.

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Weekend Update “Stick a Fork In it?”

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yellow forks caught the top and bottom.
will red cap Int B?
IHS target 1979

click on charts for larger view

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THURS EOD “P or D?”

that’s the old tennis saying. spin the Prince racket on the ground and let it fall to see who serves first. the P is on the bottom of the grip. it means is up or down.

3 important areas of resistance at 1949ish. as long as 1949ish holds there’s more down
62% of 1905->2019
38% of 1985->1926
the LT resistance TL

afternoon had a small H&S targets 1937 and the 62% from 1926->1952 is 1936 so could see support. past 3 days have set up an IHS that targets 1979

1926 could be all of C (Minor 2?) or just a of C and 1952 was b of C

1915 is the c=.62a and also the H&S target.

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