Don't be fooled by the weekly Doji, check link below. - P/E @ 39.73. Up . 77 "Not Looking Good" - Insiders Buy/Sell Ratio, i guess adjusted, still around 6.32 down .64 " Data still out of March's 1st. (by end day, usually updated) - SPX's Dividend Yield @ 1.49 Down by .03 ( Diving deeper in tops land) -Our M2 study indicator is crossing below zero...
Invalidation of wave 4, 101 Elliott guide.
101 elliott
The strangest thing you can notice (beside major correction, and pullback) the more we have fake break down of the daily 50 MA the more steam we get to the up side. VERY STRANGE RELATIONSHIP ???!!!
All Major crashes since 1902: ------------------------------------------------------------------------------------- Year % Crash P/E@ Beg. P/E@ End Days lasted ...
11 signals: (Above 967449). ---------------------- Going down bottom going down going down up siwng bottom up swing bottom bottom bottom up swing --------------------------------- 3 going down, 5 bottoms, 3 up swings ---------------------------------- Summer: - 45 % @ bottoms. - 27% up swings - 27% false signals SAFER TO GO LONG...
Over 14 times we got Bears trap ! 30 % wish u the best.
Simple charting. First target is usually the last point price touched the Trend L. Second target it the pullback = width of the channel
Hard to count this pullback so many ABCs, so this could turn to be a risky count risky trade possible complete the opposite.
***101 Elliott wave Guide.*** Elliott wave is like a stretch jeans, one size for all probabilities --------------------------------------------- Wave 2: Common retracement levels 61.8%-78.6% of wave 1 (golden zone, most common) May also be 23.6%, 38.2%, or 50%
Good luck.
With in 2009-2021 we got four top divergences with following corrections of 13.84%---8.79%----9.51%----18.12% . Or this time is different !!! Market goes up only!!!
On a daily level, with all else equal, our correction/pullback target could be within these numbers. 7.33 % 3.42 % 20.15% 3.33% 4.04% 5.21% 8.60% 8.09% 17.21%
Not that good, but expected never the less.
the only draw back i can think of is that one signal every 1.5 year !!! wish you all the best.
This is true, It happen to me on this idea, be careful with what you are watching it may not be the real thing on weekly till the week end. " Non were printed on the chart".