sjibreel

sjibreel

ES daily chart looks a little different from SPX daily chart......ES looks way more bearish and SPX is only slightly bearish......if you see on the chart, we have confirmed resistance on the daily that rejected price 3 days in a row. We also have confirmed support that held price 2 days in a row but gave way big time today.... next week should be a down week IMO

sjibreel

SP500 likely ready for a minor pullback before next leg up

sjibreel

SP500 seems to be bottoming here and if it can break above the triangle, it should start a new uptrend. Please note the blue path is just to show that a new uptrend will being. It isn't price or time targets.

sjibreel

AFRM is forming a final ending diagonal and we can expect the downtrend to end in the $26 range. Once the price breaks above the top of the diagonal, we can expect a new uptrend to begin.

sjibreel

I believe the Sept 2021 high was a wave 3 and after this correction is complete, the SP500 will head to new all time highs.

sjibreel

SP500 seems to be moving along the path as predicted. We can expect a wave 2 to play out, and the job of wave 2 is to make bulls give up on the market so that the uptrend can continue.

sjibreel

The depth of the pullback in March on TSLA makes sense only in the context of a multi-month triangle

sjibreel

Stocks are looking to take a breather after a 5 wave rally from the bottom. Most likely in either that yellow line pattern or that purple line pattern. This pullback should shake out most of the current buyers from the market before continuing up in wave 3. Keep in mind there are other possible scenarios which are bearish but right now I'm sticking with this...

sjibreel

Crude Oil is coming to a major bottom after a 12 year bear market. This chart is showing how the final waves are subdividing to complete the downtrend.

sjibreel

Guessing the shape and form of the 2018 to 2020 correction has not been easy. I have shifted from triangle, to expanding triangle (megaphone), to flat, to irregular flat, etc. There are at least 13 different shapes corrections can take and that is their purpose: to confuse people and knock them out of the market before the bull market can continue. With that...

sjibreel

Earlier this week I posted how the SP500 will likely move sideways in a triangle for about a year before it starts the 5th and final wave of this historic bull market towards 4100+. Today I'm posting my alternative wave count where the 5th and final wave is an Ending Diagonal. In both scenarios, I think we have a final wave up towards 4100 and both scenarios...

sjibreel

Although my 2019/2020 target of 3200 was met, I do not like any impulsive interpretations of the rally in 2019. Therefore, I believe we are still in a major correction that started in 2018. According to the way the structure is playing out, my bet for 2020 is sideways movement through that large triangle that will eventually give way to a 5th wave rally to...

sjibreel

Most likely move sideways over coming months before the next leg up.

sjibreel

2018 has been a year of a very complex correction. The September high wasn't the resumption of a bull market but rather a wave X in an irregular flat correction. The recent drop isn't a major bear market but rather a wave Y pull back in this irregular flat. Next few days/weeks we'll likely see a triangle before the market flushes down to the low 2400s. SP:SPX

sjibreel

SP500 continues its correction in a complex wave 4. A pullback to 2530-2480 area will present a great buying opportunity.

sjibreel

$SPX $SPY $ES_F SP500 longer term wave analysis. market move to 3200 is likely