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thomblas2051
interesting so a close above 3883 which is called for confirms wave 4 is now in progress, and that the wave 3 has ended. So significantly higher projections should be expected?
admin3092
So we should bounce off the 3883 tomorrow and find another low, right?
m1.c70
Valuable information about the pr of market direction. Thanks Peter.
Yadunath
Many thanks Peter for the outlook that you're providing. I think it's time to look at what Gold (GC1 - front-end month for Futures) charts have to say? The question to ask for Gold is whether it going to start declining another round after a short term rally or does it mark what could become the foundation for a long term rally? Based on a long-term pitchfork it appears to me that Gold is finding a major support at close to current levels. Like to know your take on it.
DAV15J
The extra comment about the US$ was most helpful. Any such added commentary, without deep chart analysis, is helpful. 30 seconds on an asset / assets makes a big difference and no need to do charts analysis every time.
Yadunath
jdavis3019 said:
The extra comment about the US$ was most helpful. Any such added commentary, without deep chart analysis, is helpful. 30 seconds on an asset / assets makes a big difference and no need to do charts analysis every time.
As Peter mentioned we are at a crucial juncture now, so we got to look into S & P 500 in detail, a high level running review won't do. For many of us S& P 500 and NDX are all that matters.
DAV15J
Yadunath said:
jdavis3019 said:
The extra comment about the US$ was most helpful. Any such added commentary, without deep chart analysis, is helpful. 30 seconds on an asset / assets makes a big difference and no need to do charts analysis every time.
As Peter mentioned we are at a crucial juncture now, so we got to look into S & P 500 in detail, a high level running review won't do. For many of us S& P 500 and NDX are all that matters.
That's finicky in the extreme. I didn't say only do brief commentary. Look, Peter/Steffen, if you have an extra 30 or 60 seconds to spare, it will be great if you ADD, like you did today, short commentary on an assets or assets that you didn't discuss deeply on your video.
flippendales3072
The dollar liquidity is largely influencing the direction of the S& P 500 and NDX. So these markets are the only ones that you care about, you should focus on the USDX projections.
Matt
How is the market going to keep going down with the dollar also dropping? Those two are inverse, am I wrong?
thomblas2051
bbrentpb465 said:
thomblas2051 said:
interesting so a close above 3883 which is called for confirms wave 4 is now in progress, and that the wave 3 has ended. So significantly higher projections should be expected?
No thats not what he said and showed; EVEN IF we hit the higher projection today there are NO higher projections that can be given. THE 18 day pattern which comes today suggest today is the TOP and then back down. THE lower projections are still in place and as peter has said many times the lower projections in a bear market take priority over any upper projections.
Thank you for taking your time to explain this in more detail. I was not aware of the 18 day pattern rule since I only started following peter recently.
bcanary964
bbrentpb465 said:
thomblas2051 said:
interesting so a close above 3883 which is called for confirms wave 4 is now in progress, and that the wave 3 has ended. So significantly higher projections should be expected?
No thats not what he said and showed; EVEN IF we hit the higher projection today there are NO higher projections that can be given. THE 18 day pattern which comes today suggest today is the TOP and then back down. THE lower projections are still in place and as peter has said many times the lower projections in a bear market take priority over any upper projections.
No higher projections could be given TODAY, but if prices reach the upper projections and hang around for a few days then higher projections will definitely be given. In fact, if higher projections are given on the 12.1/13.8 offset, then they could actually invalidate the lower projections. I’m not saying that’s likely, but it’s a possibility we have to be aware of.
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interesting so a close above 3883 which is called for confirms wave 4 is now in progress, and that the wave 3 has ended. So significantly higher projections should be expected?
So we should bounce off the 3883 tomorrow and find another low, right?
Valuable information about the pr of market direction. Thanks Peter.
Many thanks Peter for the outlook that you're providing. I think it's time to look at what Gold (GC1 - front-end month for Futures) charts have to say? The question to ask for Gold is whether it going to start declining another round after a short term rally or does it mark what could become the foundation for a long term rally? Based on a long-term pitchfork it appears to me that Gold is finding a major support at close to current levels. Like to know your take on it.
The extra comment about the US$ was most helpful. Any such added commentary, without deep chart analysis, is helpful. 30 seconds on an asset / assets makes a big difference and no need to do charts analysis every time.
As Peter mentioned we are at a crucial juncture now, so we got to look into S & P 500 in detail, a high level running review won't do. For many of us S& P 500 and NDX are all that matters.
That's finicky in the extreme. I didn't say only do brief commentary. Look, Peter/Steffen, if you have an extra 30 or 60 seconds to spare, it will be great if you ADD, like you did today, short commentary on an assets or assets that you didn't discuss deeply on your video.
The dollar liquidity is largely influencing the direction of the S& P 500 and NDX. So these markets are the only ones that you care about, you should focus on the USDX projections.
How is the market going to keep going down with the dollar also dropping? Those two are inverse, am I wrong?
Thank you for taking your time to explain this in more detail. I was not aware of the 18 day pattern rule since I only started following peter recently.
No higher projections could be given TODAY, but if prices reach the upper projections and hang around for a few days then higher projections will definitely be given. In fact, if higher projections are given on the 12.1/13.8 offset, then they could actually invalidate the lower projections. I’m not saying that’s likely, but it’s a possibility we have to be aware of.
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