May 7th looks like an interesting date. I extrapolated this based on a 10 day B wave rally like in October 1987 followed by a plunge. It would fit in with their love of 5s in a 5 year as well as being a 12. It’s also 15 years from the flash crash of 2010. Pluto also goes retrograde around then.
55 years ago was 1970 and we could also be following that model. A low was put in April. Then the market rallied in May to June before it came apart in the summer. 1930 had a similar pattern. (but the high was in April)
If you want to see a weird fake print, check out the SP500 chart on the Stock Charts site. There is an arrow with 666917 pointing at the bar at the 5150 area. It’s been persisting. It’s some random arrow. It doesn’t represent anything as far as I can tell.
The 1929 playbook is on with this big rally today. It should keep rallying for the next few days. Close the gap from April 2 and then rise above the March 25 high.
We should get another W box and handle pattern to put in the final high so there will be some volatility. We seem to be going at a slower pace than 1929 so we might get a little 1987 style B wave rally. Like a continued rally tomorrow whereas in 1929 there was drop the next day following the big spike up rally candle.
We got a TD bull flip today. Those don’t occur in crash phases although tomorrow has a bearish astrology pattern similar to last April 3. (whereas it’s an opposition rather than a square) We’ll see if that means anything now that Mercury retrogade ended quite awhile ago.
They gapped it down to the fake print today. And we got the bottoming tail along with a flash rise.
As long as we don’t get a tariff resolution announcement from Trump, then the decline is still on but we should get a bounce over the next several days. Tomorrow could still be a down day but it won’t get to new lows.
With the flash bounce they were able to tag the daily and weekly lower Bollinger Bands.
They didn’t get it to 4800 or get circuit breakers but it got to around what my calculation for 18% drop off the high generally was like the first leg down in 1929. They took their sweet time this time.Then it was 5 weeks down. This time it was 5 unobstructed red weekly candles down but 44 days. 44 days to 4-4.
I think the market will be up on Monday. We did not get any bottoming tail at all so we have to rule the April 2000 analog out. Trump could make some resolution statement over the weekend that would get the market skyrocketing. The other alternative is the March 2020 bounce off the 100 week average but that bottomed with a major bottoming tail candle below the lower Bollinger Band. And the market just tested the 13 day average a couple of days ago. (the ultimate destination for the bounce in 2020)
Watch out for a quick little flash crash to your 48 FP. I think the SP hit its 100 week average. I’ll check all of that after the close. The market looks like it will be up on Monday. It’s completely below its lower BB.
There’s some fake guru touting that he’s 9 for 9 but he was touting being all in long at the end of the day and he never had an April 3 down prediction. Don’t pay attention to that clown unless you want to read him. The guy hasn’t been close for trading purposes and he’s constantly flip flopping and coming up with a new marker. (benchmark)
What a day of shenanigans. They were still trying to squeeze me in after hours. Now less than hour later, the markets are down near the weekly lows. I rode the rollercoaster back down and added out of the money the puts that were nearly in the money a half an hour later. Once again the wolves in the internetosphere were leading the sheep astray.
April 3, 4 2000, October 3,4 1929, basically the same thing. This last few days of rally (into day 2) was combination of 2000 and 1929. The SP 500 got up to the 13 day average and closed below it and got up near to the 20 day ema which was 1929ish. Oct 3 and 4, 1929 were a Thursday and Friday.
I don’t think they are going to do anyone a favor and let anyone get in the freefalling elevator at a good price. There won’t be any fakeout low open like today. And we once again saw that box and handle bear fakeout pattern on the hourly chart over the last couple of days (like on the daily last week).
May 7th looks like an interesting date. I extrapolated this based on a 10 day B wave rally like in October 1987 followed by a plunge. It would fit in with their love of 5s in a 5 year as well as being a 12. It’s also 15 years from the flash crash of 2010. Pluto also goes retrograde around then.
55 years ago was 1970 and we could also be following that model. A low was put in April. Then the market rallied in May to June before it came apart in the summer. 1930 had a similar pattern. (but the high was in April)
If you want to see a weird fake print, check out the SP500 chart on the Stock Charts site. There is an arrow with 666917 pointing at the bar at the 5150 area. It’s been persisting. It’s some random arrow. It doesn’t represent anything as far as I can tell.
The 1929 playbook is on with this big rally today. It should keep rallying for the next few days. Close the gap from April 2 and then rise above the March 25 high.
We should get another W box and handle pattern to put in the final high so there will be some volatility. We seem to be going at a slower pace than 1929 so we might get a little 1987 style B wave rally. Like a continued rally tomorrow whereas in 1929 there was drop the next day following the big spike up rally candle.
We got a TD bull flip today. Those don’t occur in crash phases although tomorrow has a bearish astrology pattern similar to last April 3. (whereas it’s an opposition rather than a square) We’ll see if that means anything now that Mercury retrogade ended quite awhile ago.
They gapped it down to the fake print today. And we got the bottoming tail along with a flash rise.
As long as we don’t get a tariff resolution announcement from Trump, then the decline is still on but we should get a bounce over the next several days. Tomorrow could still be a down day but it won’t get to new lows.
With the flash bounce they were able to tag the daily and weekly lower Bollinger Bands.
They didn’t get it to 4800 or get circuit breakers but it got to around what my calculation for 18% drop off the high generally was like the first leg down in 1929. They took their sweet time this time.Then it was 5 weeks down. This time it was 5 unobstructed red weekly candles down but 44 days. 44 days to 4-4.
I think the market will be up on Monday. We did not get any bottoming tail at all so we have to rule the April 2000 analog out. Trump could make some resolution statement over the weekend that would get the market skyrocketing. The other alternative is the March 2020 bounce off the 100 week average but that bottomed with a major bottoming tail candle below the lower Bollinger Band. And the market just tested the 13 day average a couple of days ago. (the ultimate destination for the bounce in 2020)
Watch out for a quick little flash crash to your 48 FP. I think the SP hit its 100 week average. I’ll check all of that after the close. The market looks like it will be up on Monday. It’s completely below its lower BB.
They gapped it down another 100 pts (SP) after futures reopened. I don’t think the market will be coming back by tomorrow morning.
There’s some fake guru touting that he’s 9 for 9 but he was touting being all in long at the end of the day and he never had an April 3 down prediction. Don’t pay attention to that clown unless you want to read him. The guy hasn’t been close for trading purposes and he’s constantly flip flopping and coming up with a new marker. (benchmark)
What a day of shenanigans. They were still trying to squeeze me in after hours. Now less than hour later, the markets are down near the weekly lows. I rode the rollercoaster back down and added out of the money the puts that were nearly in the money a half an hour later. Once again the wolves in the internetosphere were leading the sheep astray.
April 3, 4 2000, October 3,4 1929, basically the same thing. This last few days of rally (into day 2) was combination of 2000 and 1929. The SP 500 got up to the 13 day average and closed below it and got up near to the 20 day ema which was 1929ish. Oct 3 and 4, 1929 were a Thursday and Friday.
I don’t think they are going to do anyone a favor and let anyone get in the freefalling elevator at a good price. There won’t be any fakeout low open like today. And we once again saw that box and handle bear fakeout pattern on the hourly chart over the last couple of days (like on the daily last week).
Actually we’re back to the early April 2000 Nasdaq pattern model. Pattern match the last two days.