A Revolution is Coming It was a frustrating week in the markets overall, but things are certainly starting to heat up this weekend! On Monday, after another fake-out vaccine news story, we dropped as expected into a correction. However, Tuesday morning, we’d only traced out the A wave. The rest of the week went sideways… Read more
Market Forecast Overview
The End Game – Waiting, Watching Friday was a day in which time seemed to stop. While I was expecting a turn to the downside in the morning, virtually everything on my board “hung” and barely moved all day long. The predictability of timing is the challenge of this market and reinforces the need to… Read more
History Repeating Corruption and Censorship are always prevalent at warm/dry climate highs like we have right now. We’re on the cusp of a turn down into colder weather. In fact, astrophysicists are expecting another mini ice age, like the Maunder minimum. Of course, I am, too. I’ve been predicting it for the past ten years… Read more
Corrective Surprises The takeaway from this past couple of weeks is that fact that the fifth wave up didn’t have a valid second wave in the usual, expected location. You can see this in the chart of IWM (the Russell 2000) that I’ve posted below. It was the same in the SP500 and in futures… Read more
Lots of Unexpected Volatility The past week was a brutal week in futures, with lots of reactions to news. On Thursday night an ending diagonal broke and gave us a wave down that we were expecting after a new high — a nasty surprise. This was the start of a bearish B wave. Friday was… Read more
Or a Double Bottom Ahead? My take at the moment, is that we’re only going to get a single bottom, and we that we haven’t seen the end of this fourth wave down yet. Relatively speaking, based upon the corrective wave structure up from March, this has been a notably long (in terms of time)… Read more
Looking for an Interim Low We’re sitting this weekend near the bottom of a large fourth wave with one more final high waiting in the wings before the expected large drop into the 2100 area in SPX. Mid-week, when I expect a low, will have been 14/15 days down from the top. That leaves us… Read more
Looking for an Interim Low We’re sitting this weekend near the bottom of a large fourth wave with one more final high waiting in the wings before the expected large drop into the 2100 area in SPX. This is an expected, high probability 300 point rally in SPX and represents a really good bullish opportunity… Read more
