Blog Archive

Monday, June 13, 2022

13 June 2022

 I have been very busy in my garden and posting on Facebook because I haven't had the time to post here, but the market has turned and I thought I would show what I'm expecting.  This is a Facebook post from a few days ago.


There is some support near 3600, and when that bounce happens it may be a good chance to save what ever is left.

The market was down about 155 today. There was a gap at the opening and I suspect that gap will have to be filled near 3890.

Friday, April 29, 2022

29 April 2022

 The Paul Pearson indicator at the bottom with white arrows is one of my favorites.  It is currently pointing down for the hourly, daily, weekly and monthly charts.  

I've added a brown area near the bottom of this chart to indicate my target.  

When the market breaks 4000, I will feel very confident that the long term trend has changed.



Friday, April 22, 2022

22 April 2022


 I don't know, it's fooled me so many times. I think the bull market is over, but it the past 4 months might just be a wave 4.  Let's see what happens next.

Wednesday, February 23, 2022

23 February 2022

 A major support level has bee breached in the S&P500 overnight futures.  It appears the trend has turned.  Thursday may bring even heavier selling as it appears that we are in a Wave 3 right now. 

This precipitous drop should find support at 4000.

March 7th update.  

The market has continued to fall, nothing has changed. It still appears wave 3 will find support near 4000.

Sunday, January 23, 2022

2022 Expectations:


 This is basically what I expect over the next year or two.  The ride is probably over.

Thursday, January 20, 2022

20 January 2022

The market is looking very vulnerable. I'm expecting the 4th wave to step in at around 4425 then the 5th wave should take the market lower.
 
Update: the market appears to be developing as described this morning. It's still possible that this is a correction, but I think the trend has finally changed. The fundamentalist will probably say it's due to interest rates.

Wednesday, January 12, 2022

12 January 2022


 


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