We welcome all comments related to market timing. We do not welcome political and insulting comments, however, and comments of a political nature belong elsewhere and could lead to removal and blocking the originator of such political comments.
You cannot post comments. Sign up for the Video or Bundle membership now and get access to exclusive content! Login for Members
nimishtrading263
Peter, I got really excited when you mentioned the 189/194 offset for SPX and the possible downside projection for it. I did the same thing a few weeks back when SPX reached an ATH because of the parallel channels on the multi-year SPX log chart. I have posted some links below which show all of this. The big red channel on the multi-year SPX log chart has a mid-channel line (dashed) which has been bounced off of over the years including the Feb/Mar '20 crash. Each half of the channel can be subdivided into more channels and that is how I got the 3510 target by end Feb/early March on both the log chart as well as the Tradestation offset chart. Please study the charts! 3 things which seem to work consistently are :- 1. Log chart, 2. Parallel channels, 3. Fibonacci. The JM Hurst cycles on which your method is based is the icing on the cake to help decide what could be the eventual downside or upside target. According to my log chart it seems we reached the top of the parallel channel with the ATH and we are now headed down to a "half-way" point above the mid-channel. I have drawn 3 red arrows but the first one which points down to 3510 is more important for now. Enjoy!
play_arrow
Comments (1)
You cannot post comments.
Sign up for the Video or Bundle membership now and get access to exclusive content!
Login for Members
Peter, I got really excited when you mentioned the 189/194 offset for SPX and the possible downside projection for it. I did the same thing a few weeks back when SPX reached an ATH because of the parallel channels on the multi-year SPX log chart. I have posted some links below which show all of this. The big red channel on the multi-year SPX log chart has a mid-channel line (dashed) which has been bounced off of over the years including the Feb/Mar '20 crash. Each half of the channel can be subdivided into more channels and that is how I got the 3510 target by end Feb/early March on both the log chart as well as the Tradestation offset chart. Please study the charts! 3 things which seem to work consistently are :- 1. Log chart, 2. Parallel channels, 3. Fibonacci. The JM Hurst cycles on which your method is based is the icing on the cake to help decide what could be the eventual downside or upside target. According to my log chart it seems we reached the top of the parallel channel with the ATH and we are now headed down to a "half-way" point above the mid-channel. I have drawn 3 red arrows but the first one which points down to 3510 is more important for now. Enjoy!
https://ibb.co/h2C4QYP https://ibb.co/mT3T3Ps https://ibb.co/fv82CXp
1-1 of 1