Thanks Peter! Finally back after being gone 3 of last 4 weeks.

Feels like we are on to something finally. Still short NQ from 14954 and sitting on long dated SPX spreads.

The good thing is sentiment still seems pretty bullish. Would not be surprised by a pop here tomorrow or the next day though like you pointed out.

Markets that can't rally are candidates for big declines. Bitcoin and Japan will lead us down.

hey Peter thanks for sharing. this is super interesting.

Yes indeed, thank you Peter. This market is exhausted and the darling of Wall Street AAPL looks to have topped today in a exhaustion wedge. Should get a fast steep decline.

Last updated 10 months ago

I find it ironic that on June 15 the long dated NDX cataclysmic projection was Invalidated. As we hit a trend line and have a had a very sharp short 3% correction after 37% move up. Of course we are going to bounce back for maybe next 1-3 days. Then we will see about “waterfall , cascading down moves”. Also, why have the VIX updates and analogues disappeared? Invalidated?

Last updated 10 months ago

Decline so far is corrective Not Impulsive so I will go Long this morning ~Dorothy

kwmurphy2939 I Agree & have stated numerous times don’t get too bearish until July 7 or July 11th 😁 ~Dorothy

I missed this: 8/12/1982 to 10/31/2007 is 6364 market days x 1.618034 = 10297, added to the 1982 low is 16 June 2023. Still think the final high in the final index won't be seen until July 7 or 10, 9000 market days from the 1987 crash, i.e. a double top. Thanks Peter, good stuff.

The proverbial dead cat bounce. The neckline on the YM H&S @ 34100 was tested and failed. Such a weak rally spells trouble. BTC double top and Japan can't rally either. Large 3rd wave on tap. The Dow futures have tested that NL 5 times already. I have seen markets collapse after such failures. This is known as the "final kiss good-bye".

Last updated 10 months ago

The final try in the YM's @ 34100,big decline next.

AAPL has a right shoulder at 187 which is resistance. Has 5 down out of the small wedge in the huge wedge. Best hope is a double top at 187 to 188.

Last updated 10 months ago

IMHO historic top in the major averages completing as I type this. YMMV

The main problem is the engine of the market advance has failed. The M1 money supply is in the largest decline since the 1940's. This B wave has produced many ATH's in market leaders. The greatest bull market is morta.

IF Bitcoin is finished...that's it. AZO aka AutoZone is a perfect example of a "buyback pool" stock. In 1929 the big financiers created "dark pools" in many leaders of the day. When they pulled their bids the rest was history. AZO completed a huge wedge and over the last days has tried to regain the bottom trend line and will fail. Very bearish tell for the market . Good luck.

To fast3777

AAPL Has outstanding Upside Targets: 193.41 As Long As 167.04 Isn’t Touched. IF met next 3 trading days key to look for reverse or keeps rallying to next Target 194.80. IF met next 3 trading days key to see if AAPL reverses or guns for Stretch Target 197.61 As Long As 175.77 Isn’t Touched. ~Dorothy

AAPL has a right shoulder at 187 which is resistance. Has 5 down out of the small wedge in the huge wedge. Best hope is a double top at 187 to 188.

Last updated 10 months ago

szulc2639 said:

The 61.8% retracement levels for SPX and NDX basis data from 6/16 - 6/27 are 4402.08 & 15,056.36. Until these levels are exceeded the wave counts to the downside are incomplete. However, violations of the 78.6% levels that has become more common than ever since 2020 and is a better measure to gage a completed wave count. A 3 wave move into the high that violates the 6/26 lows thereafter will count as a B wave.

szulc2639 said:

The 61.8% retracement levels for SPX and NDX basis data from 6/16 - 6/27 are 4402.08 & 15,056.36. Until these levels are exceeded the wave counts to the downside are incomplete. However, violations of the 78.6% levels that has become more common than ever since 2020 and is a better measure to gage a completed wave count. A 3 wave move into the high that violates the 6/26 lows thereafter will count as a B wave.

On 6/20/23 SPX Gave A Target To 4079.98 As Long As 4407.44 Isn’t Touched. Sometimes Time is more Important than Price. Watching this Gap into July 7th and July 11th. My guess it is filled and another similar Target Will Be Given. ~Dorothy

The markets got another wave up in Bitcoin. APPL has a 3 wave up to 188 area possible double top. The Dow now is sporting a bearish wedge on the 5 min chart. Should reverse lower.

Last updated 10 months ago

Dow cash at this morning upper TL on the wedge. Looking for a reversal. AAPL near major resistance @187.90-188.00

Lol. You guys always call the bottom!

a mere 243 point NDX bounce, after a very sharp, short decline after a huge up move. not surprising. also, note to self when Peter invokes " cascading, waterfall decline" is coming( has said on many different occasions)....hinted that it is EVEN starting now because of projections given, it has yet to ever come to fruition. one day, this autumn, there is a chance I have 14960 as "should stop advance today" level.

Last updated 10 months ago

New High on AAPL. I wouldn’t be surprised IF AAPL Gaps Up on Open Tomorrow for Last run for the roses 🌹🌹 into July 7 — July 11th