TO BE CONTESTED FOR "STEALING" Yesterday SPX accomplished the higher end of the wave-4 expectation by filling the OCT 27 GAP to 3,390.68 and last night, while most slept, the markets were wild with /ES making a perfect tag to that alternative fib extension 161.8 within 0.75 (which would be the lower end of the 2nd SPX gap filling: 3341 - 3465). Everything went into OVERBOUGHT yesterday with the DOW and RUSSELL the worst and the NASDAQ the weakest [...]
JUST IN CASE 2020 DOES A 🔻 2016 We're progressing comfortably for that SPX 3342 target with our 2nd gap up as SPY has entered into the lower of the 2 gaps unfilled from the OCT drop and right in that SPX 3354 - 3346 space With how strongly the /YM dropped compared to /ES & /NQ by taking out the SEP LOWS on the OCT dip, its XTREME OVERBOUGHT 4Hr raises some attention to FOMO heading into a chaotic [...]
ELECTION - FOMC - VOTE COUNT The storm hit me by the edge only so just some wind damage that knocked some power out, but ABC Hotel is a godsend to be near so its my command center until tomorrow. Quickly summarized: THIS IS NOT YOUR BTFD OF BTFD GO ALL IN EVENTS YET THERE IS NO WINNER TO THE ELECTION UNTIL THE LOSER CONCEDES WE HAVE FOMC MEETING WEDNESDAY WE HAVE JOBS REPORT FRIDAY WE LOOK TO CLEANLY [...]
And Now For The RUG PULL 🔻 Wave-4 bounce nailed a prefect 161.8 on SPY and with all the WEIGHT out now, the RUG PULL into the Election - if perfectly identical to 2016 - BOTTOMS TODAY Be aware, as sh!t as this dip all month since the OPEX Pattern posted may appear - its a BULLISH DIP since we're still well off the SEP LOWS despite SPX/SPY going 🔻 YTD overnight and still expected to drop lower and [...]
THE DROP ISN'T OVER YET Yesterday was the 24th time in history the S&P 500 dropped > -100p from the previous close - all of which have happened under the Trump Administration. To shed light on that: 21 of those 24 have happened this year 1 in 2019 2 in 2018 Conversely, the S&P has gained > +100p in a session 12 times under Trump - 11 of which have been this year 1 in 2018 We're undoubtedly working [...]
ONLY 1 UNFILLED GAP BELOW LEFT NOW We're undoubtedly working that 3rd consecutive 🔻 SPX Weekly Candles - a rare product - but when they do, its "typically" an absolute destruction one. JAN 11 Week 2016 (CRUDE BOTTOMING) JUN 20 Week 2016 (BREXIT) OCT 8 Week 2018 DEC 17 Week 2018 5 consecutive in FEB/MAR 2020 SEP 14 week 2020 With SPY 333.17 the LOW thus far and FUTURES into insanely oversold 1-2-4Hr time frames and closing in on an even rarer [...]
VERY CONTROLLED CHAOS FEB 2016 - APR 2018 LINE KEEPS ON KEEPING ON SPX (3404 would still be ideal) If all you know how to do is BTFD, let the dip come to you if that's your only game We're unchanged into WEIGHT WEEK with 2 consecutive 🔻 SPX Weekly Candles which rarely produce a 3rd, but when they do, its "typically" an absolute destruction one. JAN 11 Week 2016 (CRUDE BOTTOMING) JUN 20 Week 2016 (BREXIT) OCT 8 Week [...]
UPWARD WAIT FOR THE WEIGHT TO REPORT FEB 2016 - APR 2018 LINE KEEPS ON KEEPING ON SPX (3404 would still be ideal) SPY SPX Daily Clean With the FAKE overnight gap down on FUTURES, there is still nothing to change the view which was per last week which is the SPX wave-a/1 of WAVE-C having completed after the PERFECT C = A OPEX WEEK HIGH on SPX/NDX/SPY/QQQ for WAVE-B TOP that: SPX/SPY NDX/QQQ 50d MA are ideal for [...]
SNAP - PINS - ALGN; All Have 1 Thing In Common So FRIDAY I got a major finance house to sign an LOI to raise 8 figures for the Pre-IPO I've been involved with for 9 months now which is a conglomeration of some of the hottest sports and entertainment celebrities on the planet and I may have a chance to share the deal with you after I get approval from the legal team. We're looking for an appearance [...]
The BULLS Week To LOSE Here STILL HAVE BUY DIVERGENCE ON THE NASDAQ FUTURES 4Hr CHART I can't be active today in chat as I'm closing this Pre-IPO SPAC with Newbridge in Miami and have to be speaking with a bunch of those involved from Dwayne Wade to Jamie Foxx to Phil Ivey to Dr. Dre and possibly Snoop I will check in as I can, but you're pretty well structured imo for today which should continue to be responsibly sized if [...]
