for charts I love this site https://stockcharts.com/h-sc/ui yes it looks like we got something bad coming. please democrats how is your vote a good thing?
You don’t believe in market fundamentals because there is no price discovery due to market manipulation. But you do believe in technical analysis because…
The trend is what it is. With all this, we have to look at all the info and come up with the most likely scenario. Its a game of incomplete information which is constantly changing.
Wendell's is an interesting comment, and to be expected. But even so, within the Everything Rigged System there must be parameters, metrics and so on. Otherwise, everything happens in a vacuum. And as one ought to know ... NOTHING BEGETS NOTHING pure and simple.
As it his, the riggers watch the market metrics like a hawk. Why? Because the riggers know that you, me and Aunt Jamina and all her in-laws watch the metrics. Hence, the metrics (moving averages, bands, etc.) are the Context in which the Great Rigging Game takes place. The Sharks are clever, smart and adroit at severing one and all from their money!
The S&P (daily chart) has a bearish resistance trend line that started Jan 2nd. Today (18th) price bounced (down) right off it. ... so it appears to be holding. There is also a bullish support trend line that started Oct 13th. We are now in a"squeeze" wedge pattern. Price will have to break out one way or the other within the next 30 days. My guess is price will break down, but that's only a guess. When price is in one of these wedge patterns it's nearly impossible to pick a direction!! (or you will get whipsawed) You just have to wait and see, sorry.
Charts seem to be better at hindsight than foresight. Fundamentals don't seem to matter much these days either. The financial world is a day to day operation based on whatever the demonic influenced entities that run the world decide. What we need is a good exorcist. IMHO.
The market ES just completed a .618 retracement to 4035 (12/13 high to 12/22 low) and should be set for a major move to new lows under 2022. I also posted on 12/13 when you said to buy that we were in for another decline. If you look at the 12/13 daily bar you will see that heavy supply came in that day and closed in the lower 40% of it's range - I call it a 'dump bar' and you can find it on all charts (1 minute++++). Time will tell.
@Gregory Mannarino this chart is helpful. Can you add +1, 2, and 3 & -1, 2, and 3 sigma channel lines? It would look like this if the trend was absolutely flat:
___________+3 sigma
___________ +2 sigma
___________ +1 sigma
___________ 0 mean
___________ -1 sigma
___________ -2 sigma
___________ -3 sigma
Legend
___________ channel line markings
+1 sigma is the label for the channel line.
It’s not necessary to add the labels on the actual chart. I put them there to illustrate the best I can within the chat window here.
Charts only tell you what happened in the past. I wish I had a dollar for every head and shoulders tops busted. Charts will not predicted sham statements by Fed Presidents or Russia's increased war in Ukraine. Neither will the MMRI. We are in tumultuous times. Gerald Celente has stated WW3 has begun. A major escalation will not be shown by charts or the MMRI. That's reality.
This is why I always go back to very long yearly charts to establish context, the primary trends so as to get an eagle's eye view as they say. People like the late Richard Russel and Marty Zweig were always saying thing like the 'the trend is your friend.' Always play the primary trend until over-heated and near exhaustion.
This said, I agree. All big money I ever made was in the context of follow the trend, the Primary Trend. Case in point, the current correction in PMs and PM stocks. A lot of people probably were panicked out of their holdings. The weak hands lost. But with 1900 plus gold and indications of upward buying pressure, it sure looks like the Primary Trend is well, alive and kicking.
I think Greg has a great point in that everything is rigged. And I tend to think that the Money Power is going to wring a lot more juice out of the Rigged System before they pull the plug and not only stocks. And when the central banker Money Power pulls the plug, I suspect that They will want to have a much, much higher gold price to back (whole, but most likely in part) what comes next. Otherwise, why would They all in Central Bank Land be buying gold in large quantities for the last twelve or thirteen years? Just a thought! But what do I know because these Cretins never dial me up on the phone and whisper in my ear!
Richard Russell (Dow Theory) and Marty Zweig were absolute icons. I wonder what they would think about today's totally rigged markets in everything. The McClellan Oscillator was something I used back in the nineties when we had real markets with real price discovery. The MACD is another good tool, Gregory's MMRI is good but they don't predict the future perfectly. Gregory got some heat this morning because the MMRI did not predict Bullard's statement. I am sure that many were stopped out relying solely on these tools. Each tool has its own but a limited use. Probably the best system is Mr. Buffet's - his favorite holding period is "forever" that is really how to profit when the country is in its ascendance. Unfortunately the USA is now in full decline on so many levels. Scott Ritter just posted that there is no way the US can defeat Russia. It seems our controllers are bringing us to this point. Things are so different today than the days of Messrs. Russell and Zweig. Personally I am out of the market today and I no longer vote. Everything is rigged and thus not real as Gregory always says.
Nice to hear from someone from 'Back in the Day.' I was a Dow Theory Letters' subscriber for a good while. Used to love that thing. And I once spoke with Marty Zweig over the telephone when he still had his trading newsletter. I also was subscribed to that too. Marty was a terrific guy and no swelled head about him. I am still amazed he took the time.
I used to live in New York City at the time when Marty had a huge place, several floors, in the Sherry Neatherland at the southeast corner of Central Park across 5th. The Plaza was kitty corner to the Sherry. Marty's digs was probably the most expensive apartment in New York at the time ... something like 25 million.
Voting! I still do ... sometimes. Millions voting for Trump actually illustrated perfectly how Banana Banana Republic we really are. And you can add two or three more Bananas as in Woke Bananas Insane. And yeah! Gregory pretty much has it pegged.
for charts I love this site https://stockcharts.com/h-sc/ui yes it looks like we got something bad coming. please democrats how is your vote a good thing?
Stockcharts is very useful.
Thanks for providing this link. Very interesting.
Stockcharts.com really great, use when looking for entry and
exit positions, use there Bollinger Bands, PPO ,MACD as well
as RSI, nothing is perfect but is a great help
hey thanks for this!
You don’t believe in market fundamentals because there is no price discovery due to market manipulation. But you do believe in technical analysis because…
The trend is what it is. With all this, we have to look at all the info and come up with the most likely scenario. Its a game of incomplete information which is constantly changing.
Wendell's is an interesting comment, and to be expected. But even so, within the Everything Rigged System there must be parameters, metrics and so on. Otherwise, everything happens in a vacuum. And as one ought to know ... NOTHING BEGETS NOTHING pure and simple.
As it his, the riggers watch the market metrics like a hawk. Why? Because the riggers know that you, me and Aunt Jamina and all her in-laws watch the metrics. Hence, the metrics (moving averages, bands, etc.) are the Context in which the Great Rigging Game takes place. The Sharks are clever, smart and adroit at severing one and all from their money!
Well said.
Look at the volume, for support and momentum.
I feel like we are heading down to $340 on Spy by end of year!
Crazy wild interesting market! lol
I would expect a small pullback within next 3-5 days. There was a similar period on nq(leading index imo)
price:16448.5 Date11/5
Price:15507.25 Date:10/27
Range 941.25
Duration 9 days
Current trend 8 days
10751 1/6
11759.5 1/18
This analysis is super useful, thank you!
Thank you.
Agreed!
That's what I'm seeing, Greg. A strong finish to the upside for the week are definitely in the realm of analytical possibilities...
Thanks Greg….the update is appreciated!!!
Glad it helps.
Thanks Greg!!
The S&P (daily chart) has a bearish resistance trend line that started Jan 2nd. Today (18th) price bounced (down) right off it. ... so it appears to be holding. There is also a bullish support trend line that started Oct 13th. We are now in a"squeeze" wedge pattern. Price will have to break out one way or the other within the next 30 days. My guess is price will break down, but that's only a guess. When price is in one of these wedge patterns it's nearly impossible to pick a direction!! (or you will get whipsawed) You just have to wait and see, sorry.
Charts seem to be better at hindsight than foresight. Fundamentals don't seem to matter much these days either. The financial world is a day to day operation based on whatever the demonic influenced entities that run the world decide. What we need is a good exorcist. IMHO.
The market ES just completed a .618 retracement to 4035 (12/13 high to 12/22 low) and should be set for a major move to new lows under 2022. I also posted on 12/13 when you said to buy that we were in for another decline. If you look at the 12/13 daily bar you will see that heavy supply came in that day and closed in the lower 40% of it's range - I call it a 'dump bar' and you can find it on all charts (1 minute++++). Time will tell.
@Gregory Mannarino this chart is helpful. Can you add +1, 2, and 3 & -1, 2, and 3 sigma channel lines? It would look like this if the trend was absolutely flat:
___________+3 sigma
___________ +2 sigma
___________ +1 sigma
___________ 0 mean
___________ -1 sigma
___________ -2 sigma
___________ -3 sigma
Legend
___________ channel line markings
+1 sigma is the label for the channel line.
It’s not necessary to add the labels on the actual chart. I put them there to illustrate the best I can within the chat window here.
Charts only tell you what happened in the past. I wish I had a dollar for every head and shoulders tops busted. Charts will not predicted sham statements by Fed Presidents or Russia's increased war in Ukraine. Neither will the MMRI. We are in tumultuous times. Gerald Celente has stated WW3 has begun. A major escalation will not be shown by charts or the MMRI. That's reality.
This is why I always go back to very long yearly charts to establish context, the primary trends so as to get an eagle's eye view as they say. People like the late Richard Russel and Marty Zweig were always saying thing like the 'the trend is your friend.' Always play the primary trend until over-heated and near exhaustion.
This said, I agree. All big money I ever made was in the context of follow the trend, the Primary Trend. Case in point, the current correction in PMs and PM stocks. A lot of people probably were panicked out of their holdings. The weak hands lost. But with 1900 plus gold and indications of upward buying pressure, it sure looks like the Primary Trend is well, alive and kicking.
I think Greg has a great point in that everything is rigged. And I tend to think that the Money Power is going to wring a lot more juice out of the Rigged System before they pull the plug and not only stocks. And when the central banker Money Power pulls the plug, I suspect that They will want to have a much, much higher gold price to back (whole, but most likely in part) what comes next. Otherwise, why would They all in Central Bank Land be buying gold in large quantities for the last twelve or thirteen years? Just a thought! But what do I know because these Cretins never dial me up on the phone and whisper in my ear!
Richard Russell (Dow Theory) and Marty Zweig were absolute icons. I wonder what they would think about today's totally rigged markets in everything. The McClellan Oscillator was something I used back in the nineties when we had real markets with real price discovery. The MACD is another good tool, Gregory's MMRI is good but they don't predict the future perfectly. Gregory got some heat this morning because the MMRI did not predict Bullard's statement. I am sure that many were stopped out relying solely on these tools. Each tool has its own but a limited use. Probably the best system is Mr. Buffet's - his favorite holding period is "forever" that is really how to profit when the country is in its ascendance. Unfortunately the USA is now in full decline on so many levels. Scott Ritter just posted that there is no way the US can defeat Russia. It seems our controllers are bringing us to this point. Things are so different today than the days of Messrs. Russell and Zweig. Personally I am out of the market today and I no longer vote. Everything is rigged and thus not real as Gregory always says.
Nice to hear from someone from 'Back in the Day.' I was a Dow Theory Letters' subscriber for a good while. Used to love that thing. And I once spoke with Marty Zweig over the telephone when he still had his trading newsletter. I also was subscribed to that too. Marty was a terrific guy and no swelled head about him. I am still amazed he took the time.
I used to live in New York City at the time when Marty had a huge place, several floors, in the Sherry Neatherland at the southeast corner of Central Park across 5th. The Plaza was kitty corner to the Sherry. Marty's digs was probably the most expensive apartment in New York at the time ... something like 25 million.
Voting! I still do ... sometimes. Millions voting for Trump actually illustrated perfectly how Banana Banana Republic we really are. And you can add two or three more Bananas as in Woke Bananas Insane. And yeah! Gregory pretty much has it pegged.
Take care my friend !!!
Thank you for your input. It is helpful and makes sense. One can tell you are a seasoned veteran as well.
Oh yes! Seasoned veteran! Scares by the score all over the body! :)
(thank for your kind comments ... Dave)
$DJI is forming an inverse head & shoulder
We post a ton of data there & we've been calling tops and bottoms, ALL DOCUMENTED, in all types of investments, stocks, crypto, etc...
https://twitter.com/ROW_Partners/status/1616086057656938498?s=20&t=ZY-iityCz_6ADYuhBxItxQ
3852 support S&P. Edit