It is taking longer to find a bottom - obviously the indices switched to bearish mode. Three weeks lower so it should not last long to see 5w high and another lower low... still not clear if this is a-b-c or 1-2-3, but if we see brief pop higher for 5w high and lower low the decline will look like impulse. DJ and NDX almost flat for the year, 12 weeks retraced in 3 weeks and SPX holding the line +4%. TRADING Trading trigger - sell signal, in the middle of the cycle. Analysis - intermediate term high and a few months lower will follow. P.S. - for a trade both analysis and trigger should point i ..read more

A few pops higher - the dip buyers waiting for 10% higher, no 6000 sounds better... all sold of course. Expect 5w low next week then higher for 5w cycle high to trap even more dip buyers. TRADING Trading trigger - sell signal. Analysis - this is intermediate term high and a few months lower will follow. P.S. - for a trade both analysis and trigger should point in the same direction. TECHNICAL PICTURE and ELLIOTT WAVES Short term - w-x-y running, should be completed in a few days. Intermediate term - intermediate term top and a few months lower should follow. Long term - 4y cycle high ..read more

Just like that slowly and almost invisible the indices are topping.... it looks like rounding top - the price is not much lower, but it is below MA10 for four days already which is a signal for a decline into 10w cycle low. NDX/DJI weaker made the highest high on 21 of March, SPX/NYSE on 28 of March. We have intermediate term top and a few months lower will follow. TRADING Trading trigger - sell signal. Analysis - this is intermediate term high and a few months lower will follow. P.S. - for a trade both analysis and trigger should point in the same direction. TECHNICAL PICTURE and ELLIOTT W ..read more

Slow price action.... holidays, close to the top the pattern and the cycles look more clear. Still waiting for the small final wave, it takes longer because we have another zig-zag - the supposed implulse c-wave consists of sub-waves which are zig-zags. Overall nothing new just the sentiment is getting more extreme, agressive and absurd.... so much bullshit it's unbelievable and all this for the fourth time in row every two years since 2017... literaly the same. It happens at every important top... for those who think they are very smart and special and this time is something different - well ..read more

Final hooray higher now we have possible three legs higher for ugly impulse c-wave of a-b-c. The big picture does not change this is important top. TRADING Trading trigger - buy signal, very extended cycles 60+ days(high-tohigh) most likely two daily(10w) cycles. Analysis - at important top every two years early 2018-2020-2022-2024 etc. P.S. - for a trade both analysis and trigger should point in the same direction. TECHNICAL PICTURE and ELLIOTT WAVES Short term - the choise is very choppy c-wave impulse or ugly y-wave completing y=w/Y. One more wave v/5/c will look better for completed pat ..read more

Nothing new the market looks tired, since the start of March every pop is met with quick sell off - it looks like distribution. The pattern is very choppy and short term looks like completed wave c/y/Y alternate triangle top around FOMC. Week 33 high to high in the 32-36 range for 40w high, very weak market breadth, divergences - classical top. The 40w cycles are back to their average length so in this case next is decline into 40w cycle low first half of June and higher for 40w cycle high around the elections in November. TRADING Trading trigger - sell signal, extended cycles 50+ days. Analys ..read more

The market NVDA moved higher gapping every day... and trapped many on Friday with sharp reversal. We have one more 20d cycle high, 40w high at week 32, indicators and market breadth with multiple divergences. The market is at important top and next is decline into May/June for 40w low. As expected zero answers from all the "smart traders". They have no plan it feels sooo good I wish it will continue forever. To summarize the usual emotianal crap and nonsense with no plan: - you are wrong so no decline - finding excuses, completely clueless. - it is higher 8000 points(NDX) so no decline - extra ..read more

Completed pattern another double zig-zag y for w-x-y with y=0.618xw with multiple divergences and bad market breath at week 31(32-36 average). This are strong bullish signs and the momentum is strong with the histogram flat at the zero line(I hope you get the sarcasm) DAX and bitcoin joined the euphoria to complete their patterns... on youtube - "buy bitcoin last chance to get rich" no comment:) I have posted 30+ years MSFT chart and three charts last week - show me how they are wrong and how a strong bull market is running... because I am so wrong show me how right and smart you are. TRADING ..read more

The indices reached the end of the road. This is the top of corrective zig-zag B-wave and 18m high - next C-wave lower into 18m low. I do not buy the ED scenario, everybody very bullish expecting great 2024 - I see it completely different. TRADING Trading trigger - buy signal. Analysis - at the top. Important turn lower next week. P.S. - for a trade both analysis and trigger should point in the same direction. TECHNICAL PICTURE and ELLIOTT WAVES Short term - NDX double zig-zag with three different Fibo measurements coverging together. Intermediate term - two zig-zags down and up... waiti ..read more

Lower into FOMC and higher as expected and now everything fits together. We have the pattern following the analysis and completed, cycles completing nicely 10w high after 10w low and 8x5w cycle highs, market breadth weak and divergences, indicators with divergences, NYSE managed to reach 90% retracement for a flat pattern too. We can see one more pop up on Monday but, this is important top, it can get realy ugly... many see possible ED, election year, years ending with 4 and January higher are always higher:) it is impossible to decline. Looking at the last chart I am not an optimist and that ..read more