FURTHER NUMBER CRUNCHING TONIGHT SAYS WE CAN'T BREAK 2K UNTIL AFTER JACKSON HOLE.
Notes:
First please view #1-2:
1. I've looked through all the regression sets tonight.
2. The crazy bullish outcomes are easy to project.
3. The "counter-trend twist", essentially what the price position is in, is more complicated.
4. This says that 2050+ is first week of September NOT PRIOR TO JACKSON HOLE.
5. That doesn't mean that this is right but...
6 ... if I roll the dice six times, this comes up at least twice but definitely less than half, so 35-45%, probably less than 40%.
7. This DOES NOT MEAN THE ORANGE LINE IN #1-2 WON'T BREAKING.
8. IN FACT THIS IS SAYING THAT WILL BREAK AND THEN STALL FOR 10 TRADING SESSIONS.
9. This implies a decent amount of sideways action as if waiting for FOMC reaction before heading higher.
10. That's all I have time for night.
Notes:
First please view #1-2:
1. I've looked through all the regression sets tonight.
2. The crazy bullish outcomes are easy to project.
3. The "counter-trend twist", essentially what the price position is in, is more complicated.
4. This says that 2050+ is first week of September NOT PRIOR TO JACKSON HOLE.
5. That doesn't mean that this is right but...
6 ... if I roll the dice six times, this comes up at least twice but definitely less than half, so 35-45%, probably less than 40%.
7. This DOES NOT MEAN THE ORANGE LINE IN #1-2 WON'T BREAKING.
8. IN FACT THIS IS SAYING THAT WILL BREAK AND THEN STALL FOR 10 TRADING SESSIONS.
9. This implies a decent amount of sideways action as if waiting for FOMC reaction before heading higher.
10. That's all I have time for night.
Note
typo* 7. ... WONT BE BROKEN...Note
11. Basically what this saying is that starting at 8/13-8/17 and the 10 following days (FOMC is 8/28), there will be some sort of triangle. 12. Consider #1-1 to #1-3 as outline. I will spend the rest of the time on "cheat sheets".
Note
13. The four circles are used to project where price should be when MAJOR REGRESSION PERIOD CROSS (similar to to major moving averages crossing, only accept MUCH MUCH MORE ACCURATE if used in conjunction with various regression maps). On the left side where navy crosses orange, that gap to price area should be about the same where it will be in late August or early September. The only caveat here is that in 2020 the navy wave was doing all the work, here it has all the help of the higher regressions (that can't be on this chart). Essentially, this means that I should handicap the move either HIGHER OR EARLIER. In a way, it kind of says we might hit 2070 in August after all.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.