I think we will see a top Monday, 3/10… then down hard all week into the 5500-5600 area. But between now and Monday we could see some wild swings up and down to shake out both sides before the next big drop.
I’m looking for a high this coming Wednesday the 19th and then a 8-10% pullback into March OPEX. We should make a higher high of course and my best estimate is around 6220-6240 ES (619 SPY).
You should know by now my old friend how accurate the FP’s are. We will see NVDA hit its’ FP at 160.22 before any big drop happens. We’ll get some small pullbacks but no final top until it’s hit. It will be close to my FET of at 6435.81 on the ES too I bet.
I have a FP on NVDA of 160.22, which should mark the final high before we drop to the 483 FP’s on the SPY… but I don’t think it will be hit until late November, like going into Thanksgiving. The market is not going to make it easy to just short after the election. No… it’s going to have wild swings up and down for several weeks and then when everything looks calmed down (Trump victory) we’ll see that last rally up.
Then December will be a BIG surprise as that’s when no one will be looking for any move down, but we’ll have that big drop into Christmas like 2018 did. It won’t be seen by many, but once that NVDA FP is hit the high will be in for the market and we will drop hard.
I’m starting to think we are going to crash. If so, this Friday should be the low… maybe 5000 SPX? Here’s an interesting article… https://pomp.substack.com/p/is-the-trump-administration-crashing
I think we will see a top Monday, 3/10… then down hard all week into the 5500-5600 area. But between now and Monday we could see some wild swings up and down to shake out both sides before the next big drop.
Double bottom today so a strong bounce should follow.
I’m looking for a high this coming Wednesday the 19th and then a 8-10% pullback into March OPEX. We should make a higher high of course and my best estimate is around 6220-6240 ES (619 SPY).
Today is the 12th and so far it appears it’s a nothing day. Next turn date is around the 19th, then the 26th.
It doesn’t look like it’s going to be much of a pullback but I still think we get one before the finally rally up.
We are super close now to a big drop. Just need a trigger. I think it starts this week.
You should know by now my old friend how accurate the FP’s are. We will see NVDA hit its’ FP at 160.22 before any big drop happens. We’ll get some small pullbacks but no final top until it’s hit. It will be close to my FET of at 6435.81 on the ES too I bet.
If we get a pullback next week I’m getting long as I really think we are going to have a huge blow off rally into early December.
I have a FP on NVDA of 160.22, which should mark the final high before we drop to the 483 FP’s on the SPY… but I don’t think it will be hit until late November, like going into Thanksgiving. The market is not going to make it easy to just short after the election. No… it’s going to have wild swings up and down for several weeks and then when everything looks calmed down (Trump victory) we’ll see that last rally up.
Then December will be a BIG surprise as that’s when no one will be looking for any move down, but we’ll have that big drop into Christmas like 2018 did. It won’t be seen by many, but once that NVDA FP is hit the high will be in for the market and we will drop hard.