Distant and Not-So-Distant Cousins

20 giu 2023

Everywhere I look I'm seeing talk of a "new bull market"

But I don't think this is a new bull market

I think we are getting a visit from a distant relative: Ole' Cousin Bear Market Rally

Why do I think this?

Well, typical of "family", the members within share common attributes

In the next post we will talk about what some of those common attributes are in detail



https://www.tradingview.com/x/7vmABrxD/

20 giu 2023

Nota

22 apr

Nota

Near term expectations

29 apr

Nota

Lets see how this plays out

2 mag

Nota

Market generally progressing as expected.

Its possible all of Wave (C) is complete but the market appears to still want to rally a bit

Lets see

2 mag

Nota

Zooming out a bit to better see the move we are tracking

4 mag

Nota

Ok its pretty clear to us where price is most likely headed

Slightly tweaked the count.

5 mag

Nota

CRITICAL MARKET SUPPORT AREAS

The market appears to be setting up for a significant downturn

We are expecting that downturn to begin by the end of this week/ early next week

This could be really ugly

PLEASE TAKE CAUTION

6 mag

Nota

CRASH ALERT!!!

BE CAREFUL!!!

6 mag

Nota

One last push higher and we should see price fall off a cliff

6 mag

Nota

IWM about to go down in flames!!!

6 mag

Nota

Ok we are in the target crash zone.

We are on high alert for a significant downturn...i certainly hope we are wrong because this going to be UGLY

Expect one more smaller push higher and then watch out below

7 mag

Nota

Price pushed higher as expected.

BE CAREFUL!

7 mag

Nota

Get Ready