hey Peter thanks. looks like a top is forming. safe travels

Thank you Peter, safe travels.

Thank you, Peter, for your daily videos. I feel that we may not be reaching a top and that upside projections will either not be shown by the Trade Station software or they will be for the lower offsets with loops happening again and again. The fibs on the DJIA log chart tell us everything. Draw a fib from the bear market low in 1932 to the bull market high in 1973. After the 1960s/1970s bear market low in 1974 the market then went on to reach the 261.8 fib extension in 1987 before crashing to just below the 161.8 fib level. After the 1987 crash low, DJIA ultimately topped in 2000 at the 1109 fib extension. Now, if you draw a new fib but now from the bear market low in 1974 to the bull market high in 2000 you will notice that we topped in 2020 at around the 261.8 extension and crashed back down to just below the 161.8 extension....exactly like in 1987! So, we have already had a "1987 crash event". Now, if we are in a similar bull market cycle, then the 1109 target will be....124559!!!! This figure should be achieved by 2028 when two channels' upper trendlines on the log chart seem to coincide. This would mean quite a melt-up!

The ES Globex futures 45 minute chart has had a projection up to 4547.25 since 8/22 (111.65/127.62 offsets). Last night ES got to within less than 5 points of that projection. If you look at the shortest (6.98/7.98) offsets there was a projection generated and already met this morning to the downside. So perhaps just one more small loop projection higher today on that very shortest offset will result in also fulfilling that higher projection on the longer offset at 4547.25. Just something I'm watching, and it wouldn't be unusual to reach a top at month-end or the first day or two of September (just like last year).

nimishtrading263 said:

Thank you, Peter, for your daily videos. I feel that we may not be reaching a top and that upside projections will either not be shown by the Trade Station software or they will be for the lower offsets with loops happening again and again. The fibs on the DJIA log chart tell us everything. Draw a fib from the bear market low in 1932 to the bull market high in 1973. After the 1960shold sway./1970s bear market low in 1974 the market then went on to reach the 261.8 fib extension in 1987 before crashing to just below the 161.8 fib level. After the 1987 crash low, DJIA ultimately topped in 2000 at the 1109 fib extension. Now, if you draw a new fib but now from the bear market low in 1974 to the bull market high in 2000 you will notice that we topped in 2020 at around the 261.8 extension and crashed back down to just below the 161.8 extension....exactly like in 1987! So, we have already had a "1987 crash event". Now, if we are in a similar bull market cycle, then the 1109 target will be....124559!!!! This figure should be achieved by 2028 when two channels' upper trendlines on the log chart seem to coincide. This would mean quite a melt-up!

I wonder if Peter will still be predicting the top. He seems to think when he is wrong all his caveats hold sway Never mind what a large move up he has missed and forget shorting losses

Does the time cycle indicator work for commodities like corn sugar cotton coffee ect... ? and if so the hours they trade are a bit different so do you use 27 min or 45 min? Any info is greatly appreciated.

spytrader24 said:

Does the time cycle indicator work for commodities like corn sugar cotton coffee ect... ? and if so the hours they trade are a bit different so do you use 27 min or 45 min? Any info is greatly appreciated.

For stock index futures, Peter has been using the 27-minute chart. But, I have not seen him use this for commodities and will let him respond. FYI...here is the link which talks about using the 27-minute chart for futures (See Section 1.3). https://www.stockmarketcycles.com/indicators/eliades-cycle-price-projections/docs#1-2-right-click-context-menu

Last updated 3 years ago

srblack1960144 said:

The ES Globex futures 45 minute chart has had a projection up to 4547.25 since 8/22 (111.65/127.62 offsets). Last night ES got to within less than 5 points of that projection. If you look at the shortest (6.98/7.98) offsets there was a projection generated and already met this morning to the downside. So perhaps just one more small loop projection higher today on that very shortest offset will result in also fulfilling that higher projection on the longer offset at 4547.25. Just something I'm watching, and it wouldn't be unusual to reach a top at month-end or the first day or two of September (just like last year).

Good point! Indeed, my 111.65/127.62 offsets on the Globex 45 min charts which are the equivalents of the 3.5-4.0 on the daily charts show a minimum upside projection to your stated 4547.25 with the upper end at 4561.46. Also, the daily equivalent to the 1.75-2.0 on the ES futures 27 min chart, namely 26.25-30.0, shows its upper window at 4550.. It's one more reason why we have to stay vigilant in looking at all possibilities. Thanks for the reminder...