The rejection looks really bad on 15-second bars. So under 2569, be only the look out for gray route. Daily swing floor is 2560.5, but stick-save sell off CAN REACH 2554. If price takes gray route, the rally up will have to be slower, implying a ceiling closer to 2730 for September. This post is posted for general audiences. That said, I no longer update in...
All the recent extrapolations are converging round red. Here are notes I added in my group: 1) on 9/12 I promised 2640 and 2720 by 10/01 2) those targets are still good and in fact outright favorites 3) I only have 1 question in my mind, and that is 4) what is the September high, is it: a) 2730 b) 2768 (my call, only bc it's in the...
Adjustment to #129. I wouldn't call this a "binary" because at time of posting blue is so far ahead of orange route. In any case we will know very soon.
24 hours from FOMC, and this is what it looks like. There should be one more check down attempting to get o 2552-2555.
This is the adjustment for #127, I'm not done with this but just for the record I'm putting it up.
Binary Forecasting Service's proprietary trend engine is calling this route to September high of 2768 with conviction. However, the first move in the circle is not obvious bc every 3-4 pt drop since 2550 has been bought. Based on all trends combined, the window to drop 32 and check the bold line at 2551 will expire in 10 hours. For the record, I am publishing...
The bullish momentum is too strong. So much so that if bears push to 2510 as reaction to FOMC, price would be be favored to move up +75 to 2585 again Thursday afternoon. If bulls hold 2536 on Wednesday (between red arc and recent up trend, it is really hard to see how the reaction is not over 2600.
It's about to hit 2573-2575 after which we drop to 58-62 and then finish the day with a move to 2590-2605. This post is posted for general audiences. That said, I no longer update in each individual post. If you want continuous updates, find me at the first link below this line.
This is the follow up to #122 and most recent notes in our group. I am in if this drops to 2549-2551. This post is posted for general audiences. That said, I no longer update in each individual post. If you want continuous updates, find me at the first link below this line.
Please pay attention, because IT IS NOT OBVIOUS TO ME THAT BLUE IS WINNING. I am not saying yellow is the base case. I am saying that I don't have enough to say that blue should be base case. This post is posted for general audiences. That said, I no longer update in each individual post. If you want continuous updates, find me at the first link below this line.
Writing is on the wall, this is not meaningless higher high. A break to 2555 and hold here can only mean 2573-2620-2730. Let's get rich: - this is just a rough draff - but by the time I am done with detailing - you may see 2565-2570 already - no matter, at the check to 2530, we game for 2630 - and 2725
And this is almost complete. I don't have enough to time this morning to finalize details to a favorite route. This post is posted for general audiences. That said, I no longer update in each individual post. If you want continuous updates, find me at the first link below this line.
Gotta get this up and it's not completed. I didn't have it moving until PPI reaction. But the top now looks completed. It could still zig zag until then, BUT IT ALSO MOVE DOWN TO 2500 FIRST AHEAD OF THE RELEASE.
What I prove is that it is just a small retrace and it will get bought. This is just a rough draft sort of.
So in the last 4 hours we eliminated #115 and #116 which were derived from #114. We also eliminated #112 AND the "extended sideways to 10/01" chart. So what we have left - this draft - is basically an "updated" version of #113. This post is posted for general audiences. That said, I no longer update in each individual post. If you want continuous updates, find me...
2:50 AM and I have to sleep, so here are quick notes: 1) just tagged 2529.xx minutes ago vs all time high at 2531.50 2) this close to new all time highs and we are still 332 minutes from CPI release 3) and I DO NOT SEE A STRONG REVERSAL IN THE PICTURE 4) which means gray route is basically dead 5) I zoomed out to bigger bars to map this one 6) with max pain for...
We almost have orange eliminated in just the last couple of hours. That leaves us with red. Any slower and this route will change completely to something ridiculously annoying. More sideways than you ever thought possible. Can price move up past 2531.5? No, I don't see any evidence of this YET. HOWEVER, THIS MAY CHANGE IN HOURS. This post is posted for...
Gold has so far out performed the original forecast (linked below). I can't say the same for S&P500, Nasdaq, and Bitcoin as all have continued their respective downturns. With that said, gold is about to hit exhaustion after incoming mini-double top AFTER CPI BUT BEFORE PPI (which is 8:30 AM ET, 9/11 and 9/12 respectively. Binary Forecasting Service's...