Thanks Peter!

To me it seems the projections are getting harder to say we are at a top. I have thought for months we needed to turn by now to have a chance. After last week we are now breaking away from the continuum up long term projections to the upside on the weekly ES 100/110 5355-5782 and daily 482/530 5287-5842. Now we have hit them on the SPX but the upper end goes to the lower end on the ES projections.

The only thing that could bring some panic it seems is the BTFP ending in March but I believe they will pump to get through it. But who knows maybe it causes a crash as all regional are insolvent with there Treasury and commercial real estate holdings.

If you noticed we sanctioned Russia more on Friday. The name of the game is pump Western Markets while we try and destroy Russia and China's. This is the most important aspect right now and I believe they will not let anything get in the way of them doing this.

I would think this leads us to hitting all those upper projections eventually this year. Maybe they have a plan for a pull back and then they pump it into November. They can get Biden re-elected and rub Russia's face in our stock market and the influence it exerts on the world.

The main thing is these projections are going to be very hard to invalidate. Maybe it does the same thing it did on the way up and follow the continuum which would be down this time. But like I said originally we are now breaking away from the continuum to the upside

Last updated 2 months ago

big reversal today. NDX red 5 out of last 7 days. thats somewhat distributive. my .02