In my humble opinion today is the last day to get short before a nasty drop starts that should hit and pierce the 533.01 FP on the SPY in the next few weeks. Volume will be super light today and the market will close early (1pm EST I think?). I don't expect to see much of anything happen... chop basically.
If we don't make a new high, and I lean that way, then we should be on my Alternative Wave Count and the Small Wave B up will have completed on the 11/26 on the ES with a lower high. Other indexes have a "slightly" higher high, but I still think it's a B wave up. Nothing more to say.
Have a blessed day.
I think we put in a new high soon and then drop hard. Mercurty and Jupiter are both in retrograde now. Unless there is a major geo-political event, I see the markets dropping to their August lows, similar to the August 2007 drop.
The real estate market seems to be in the early stages of a meltdown similar to the summer of 2007. I looked at the bluechip homebuilder stock NVR and it appears to be in its June July 2007 phase. The stock market looks like it could be in a similar situation. November 2021 could be a similar situation. A bunch of Hindenburg signals are being triggered like then.
There are a few indicators telling me that the major meltdown is still a little way off. Certain indicators are still too high. The astrology is bad now but it is similar to August 2007. The worse astrology with components of 10-7 and the Covid crash is coming in a few months.