According to cross confirmation between Nasdaq, NDX and Dow, it's believed that we're just stepping into the 5th wave.
That means we will kick off a bumpy ride since investors are dealing with the very high level of the PE of the equities and expectation with the reopen and V-recovery...
While we're also suffering the doubts of re-lockdown and 2nd wave after...
Sorry, we have to clearly use the same data 5/1 as the pivot point.
Symmetric before (3/24-5/1) and after (5/1-6/10) time split by 5/1.
And the Perfect 5 waves done.
The Correction may stop at the 4th wave end, which is 8,800.
It comes so fast. It may finish in 1 or 2 days.
The 2nd session ends at the scale of 0.618 of the first scale.
It's really magic of...
I used to share the view that it's possible for the path to have at least one more VIX jump in the withdraw process from the peak.
It's based on 20-year VIX historical experiences and the trend. Here's the article:
It happens! 6/5-11/2020 it's jumping from 24 to 45 - a 21-point jump.
Some may invest in TVIX to have closed to double the position.
I will suggest...
VIX has 1 100-point jump and 6 50-point jump in 20-year history.
VIX hs "SKEW RIGHT" and "VIBRATION" features when withdraws.
In 2008 Oct. 100-point jump, there are 2 20-point vibrations.
In 6 50-pont jumps, there are at least 1~3 10-point vibrations.
In 2020 100-point jump, ONLY 2 10-point vibrations so far.
Is it complete?
Path 1 - All...
Could Bitcoin predict NDX?
In the past 6 months, it happens Bitcoin successfully predicts two pivot points of NDX.
It only takes 1 or 2 working days.
Now 5/7 Bitcoin turns again from $10,000 to $8,000~9,000.
Path 1: Bitcoin predicts NDX turn again (5/11) - 70% chance
Path 2: Bitcoin back to $10,000 up - 10% chance
Path 3: Bitcoin hooks off from NDX - 20%...
