Moving to a long net 40 to now 60% in all drugs and healthcare
Well the weakest link in the market has been the heathcare and ibb index .A time she is a changing maybe soon .Iam now net long ibb as of this post 40%
LONG TERM BOLLINGER BANDS ON M/WK/D MODEL As well as two long term Trend line are as well , bullish sentiment .Every time over the bull market once we have got outside the B bands on monthly by 75 to 82 sp points a very sharp decline followed , THE UPSIDE IS NOW LIMITED TO 2985 TO 3015 Not my 3061 to 3181 . also the VIX MODEL AND P/C NOW . MOVING...
Well we finally reached the peak in HYG at .786 and the NYSE TARGET OF 13010 PLUS OR MINUS 10 .I am bearish and look for a decline phase now there is a focus date may 6 to 12 oil has peaked as well but under the wave structure we could still see alt at 65.66 but would not trade it I
T he major market index is the only index in the world to reach a new all time high and now has a double top . THE NYSE HAS HIT THE LONG TERM DOWN TREND LINE NEAR MY TARGET 13010 TO PEAK ON 4/8 AT 12970 . BUT THE XMI SEEMS TO BE TELLING ME THAT THE SECOND HIGH THIS WEEK IS THAT OF A WAVE B TOP WAVE A TIMES 1.618 = WAVE C FORECAST AND IT BOTH TARGETS A...
So far the nyse has NOT reached the over head target of 13,010 plus or minus 20 but it has just about reached the LONG TERM down trend line I am net short in the sp 500 at 2891.9 and will be adding very soon .
NOT MUCH TO SAY WE PEAKED INTO MY TIMING HIGH TO LOW TO HIGH WE REACHED THE ALT TARGET I WILL POST THE BEAR COUNT AS WELL
TO INFINITY AND BELOW DO NOT BE FOOLED AS THE GLOBAL RESET FOR 2022
The DAX AND ECB HAVE TROUBLE JUST AHEAD
HIGHER GAS PRICES WOULD CHOKE THE POCKETS OF ALL IF THIS TURNS OUT THIS IS THE ONLY POST I HOPE FOR US ALL IS WRONG
Well the question is was today peak a 5TH wave up from 2347 or was it a wave b from 2817 lets do the math wave A OR 4 NET DROP 94.5 SP PTS TIMES 1.382 =130.5 PLUS 2722.5 =2853 TODAY HIGH 2852.7 WAVE 1 OR X MAYBE ENDED TODAY NEAR THE FULL MOON AND SPRING EQUINOX NEXT DATE FOR A CHANGE IN TREND 4/2 WAVE 2 OR WAVE B LOW 2700
THE SP is now into my alt targets if it is a wave b it would peak 2844 or 2852 if it is a 5th it will peak 2862 or 2873 look for a drop to 2700 area oil is peaking and trouble in HYG
We have ended or just about to end the uptrend for the short term I now look for a decline back into into a .382 over the next 8 td days I amout and flat I also covered small short in wti net loss.06 of 1 % I am net short 20% qqq and will add 10 % 178.09
IF WE DO NOT BREAK ABOVE 2792 TO 2796 AND QQQ ABOVE 175,55 BY 11 AM TODAY THE RALLY COULD BE A WAVE B IF WE DO BREAK ABOVE 175.55 AND SP GETS ABOVE 2797.6 BY 11 AM THEN WE ARE ON WAY I HAVE TAKEN 50 % PROFIT NOW AND RAISED THE STOP TO SP 2788 AND QQQ TO 174.79