Based on other growth stock patterns that have already topped, we are likely to see a top be put in on the market at the beginning of February. From a Macro perspective, this aligns with taping of FED purchases that have fueled this rally. Unless we see Inflation cut back, the FED will not be supporting the market. Just as markets generally bottom 3 months...
My prediction for the QQQ for the next 3 years. Likely see bottom form in September 2022, the proceeding rally should give indication of if new highs are to come or we enter a deep bear market.
The blue line is the SPX (S&P 500) The indicator is being plotted on SPX/NCBEILQ027S (Nonfinancial Corporate Business; Corporate Equities; Liability, Level), it shows the % difference from the 20 week moving average with Bollinger bands on each side. This ratio is intended show if the SPX is running hot or cold vs the what the FED values the equities at. now...
Very close pattern to the dot com bubble. Might see a top mid march
Apple looking a lot like Cisco at the end of the dot com bubble. Timeline wise we could see a top at the end of March 2022. Macro conditions align with this.
Failure to break back into the upward channel here would signal a drop to much lower levels
Looking for retracement of 16% at right around $1465
Applying the pattern from 2017-2019 to the current rally matches perfectly with the channel we are trading in. Its too much of a coincidence. September/October should be the tell if this is truly where we are heading.
Looking to enter a long or sell long term shorts on CI at around $160.
I think we are at a very deciding moment with Ether. If we can break out of the triangle, the bear market may be over. More likely i think is that we continue up to around 165 then drop to the bottom of the triangle and bounce around until we ultimately go down to the mid 50s for the final bottom of Ether.
Really interesting how well taking the wave to the ATH matches up with support and resistance levels. I will definitely be watching this closely.
My prediction for the date and price of the bottom of bitcoin.
Looks like we have some room above before we return on our hunt for the bottom which i dont believe is in.
Still following July 14. Look like wave interval has been sped up the no longer be 2x but 1x. This is probably so the wave up starts Friday morning so large institutions can monitor it for the 1st day before the weekend.
BTC Short bull run resulting in decreasing shorts for the next month