Blog Archive

Friday, June 2, 2023

2 June 2023

 I keep thinking that the bear market will be here soon, but it hasn't happened yet.  But I've been using this MarketForecast indicator from ThinkOrSwim for awhile and it's been pretty good.  Right now all the the momentum lines are well over 80% which indicates a reversal will happen very soon. 

I still think we've completed wave 1 down and are in a correction.  It's turned out to be a long correction.

Thursday, January 19, 2023

19 January 2023

Again it looks like the wave 3 big plunge is underway.

Wednesday, December 7, 2022

7 December 2022

Wave 3 is near

This orange line is one the price point that has been tested several times.  When the market breaks through I expect the collapse to begin.  3500 is the fist major support.

Saturday, December 3, 2022

3 December 2022

 It appears that Minor Wave 2 is nearly finished, but there is still a possibility that the rise from Minor 1 is just a Wave A of ABC Minor Wave 2.  The Andrews Pitchforks suggest this is the end of Minor Wave 2.

Tuesday, November 15, 2022

15 November 2022

 The yellow rectangle shows my possible target and the oval shows the target if the mid September gap is filled.  I'm leaning toward the gap being filled. Wave 3 is next.

Thursday, November 3, 2022

3 November 2022

 I'm thinking this is 3 of 3 of the first wave. 

Tuesday, September 27, 2022

27 September 2022

I don't follow META, but it looks like 5 down and a $50 gap to fill.  Even though I'm bearish overall, I think META might bounce back on a wave 2. I'll be curious to see what happens.

This year has been a slow and steady grind. It looks like wave 4 of 3 is in progress. This is just a pause at the June low of 3639.  I think the crash is still coming.

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