It would be very extraordinary for a 3 wave pattern which this is for a "B" wave to approach the initial high given the level of interest rates currently. Anything is possible,but given that the NDX and SPX have hit their .618 retracements and the Dow has lagged for 6 months,very doubtful. B waves are psychological phonies as was the B wave of 1929. This is typical price action and has happened because of the unwillingness of the Federal Reserve to take a meaningful action against inflation because of the costs of the Federal debt service. Cycles have turned down....the cake is baked. Take care Peter.....Roger

One other thing Peter. Bitcoin is in a bear market and will commence another leg down. The German DAX has 5 wave up from the low. The Japan 225 has been in a supercycle bear market since the high in 1990. Since the 2009 low it has been in a supercycle B wave up which the A topped in 2021 and the B wave lasted 2 + years. Now in wave C of big wave B. Topping now? could be,but that B wave top when completed will give way to a devastating multi year supercycle C wave down to new lows. These are huge waves and take time to complete. We are running on fumes.

Peter and I will add people will be shocked at this coming decline,because it will hit all markets. Good night

Peter, I just checked the Japan N225 Nikkei is at .786 retracement tonight. IMHO a incredible stopping point. You could never make this up 33 years in the making. I would say time and price have run out.

Thanks Peter

A Elliott count worth considering Today (Friday) appears to be the “third of a third” wave up of wave C of (2). The moment when bears start to really capitulate to get to 4420. Wave C = A at 4420 SPX. (Not my work I don’t do Elliott)

BULLS DON’T GET TOO COCKY & CELEBRATE TOO MUCH❗️ THIS IS A VERY BEARISH COUNT TO NEW LOWS. My Profile watch June 21st July 7th and July 11th for peak End of counter trend rally on SPX.
~Dorothy

So the Japan Nikkei futures are almost up a thousand points and the U.S. futures are flat to down. The German DAX is also flat to down and the UST 30 has started dropping toward new lows. I have seen this all before,classic topping action. It has taken Japan 33 years to reach a .786 retrace and fittingly it spikes above it. Will the SPX drop 500 points in 12 days? Probably. Like I said Japan will be in it's supercycle C wave down and Japan has the highest GDP/Debt ratio in the world. Creditors and Lenders will all become suspect,even Sovereigns. Real Bear Markets are all about raising cash for survival. As most have never experienced a real bear market. Remembering the Dow 574 low when a seat on the NYSE sold for $10,000.

szulc2639 said:

fast3777 said:

It would be very extraordinary for a 3 wave pattern which this is for a "B" wave to approach the initial high given the level of interest rates currently. Anything is possible,but given that the NDX and SPX have hit their .618 retracements and the Dow has lagged for 6 months,very doubtful. B waves are psychological phonies as was the B wave of 1929. This is typical price action and has happened because of the unwillingness of the Federal Reserve to take a meaningful action against inflation because of the costs of the Federal debt service. Cycles have turned down....the cake is baked. Take care Peter.....Roger

They don't correlate at all.

I expect a bounce this morning at the open and then we will see. Germany and Japan move in unison with the U.S. because their CB's work together. The Dow topped 6 months ago and now completing a minor C wave to finish a wave 2 of various degrees.

Peter or someone who has software: What level would SPX, DJIA or ESM have to cross to give higher projections? Thanks, ~Dorothy

Looks to be topping. The SPX cash should fail 4300 unless the Dow starts to move higher,but the NQ's are in what looks to be a small terminal pattern.

Everyone keeps coming up with a top here but don’t mention the higher projections.

Peter, do you have actual cycle charts? short term/long term ? Have any of them been turning down? Im not talking projections, cycle work sine curve wave cycle.

Japan so far has reversed lower. If impulsing,then you will have what I call a unification wave to the down side as the bull market since the Depression low is finally over. Many stocks made their historical tops in this B wave higher. We do need confirmation though as we could always loop higher,but I think it is finished.

AAPL still has a stretch Target to 193.41 As Long As 167.04 isn’t touched. IF this target is met the following 3 traders key. IF AAPL doesn’t reverse a Target of 197.61 though it was technically canceled could still be seen. ~Dorothy

also, youve done this for 35 years. who cares if its labeled a "bull or bear" market. in the market, one is supposed to be on the right side of the price action. Period. Sometimes it can get out of line, but to have and fight a trend for 6,7 , 8 months should be unacceptable. Please stop saying you just got negative May 1 or April 18th. its been since October and December, and every down day, a prediction of "waterfalling prices lower" were offered up almost weekly. I can almost be sure when we have a jolt down, you will be looking for "support" and wont be bearish enough. that is what happens when bearish way too early in a 33% move

I have seen only one market waterfall off the top and that was the UAL Dow Trans bubble in 1990. Could it happen now? 50/50 chance.

szulc2639 said:

Notice when the CMT Symposium in NYC occurred 4/26-4/28, featuring some of the most bearish and widely followed gurus in the industry i.e. Prechter, Eliades etc., the markets put in a bottom on 4/26 then took out the low by a fraction on 5/4 as if to give some tidbit of meat for the bears to feed on, that 5/4 low was an island bottom, a bullish formation, followed by another island bottom on 5/24. Was the timing of the low in conjunction with the CMT event a mere coincidence? I think not, the event and various free YouTube videos brought in many to the wrong side of the market to have their pockets picked.

In the land of the blind, the one eyed man is King. This is the most fractured market in history. Today's action is extremely bearish.

Bunch bears here keep talking. Market is making new high every week. Higher higher and higher lows since October. Bad news good news market going up means we r in new bull market. Blind leader keeping his subscribers in the bearish camp. But for how long?

Out of 41 minutes of video, how much does he talk about his own projections? Mostly vix and cycle dates. Come on, you have been wrong for 800 points now.

YAWN..

HIGHER

LOOK AT PROJECTIONS

/NQ nudderrr hundred thanks!!

szulc2639 said:

fast3777 said:

szulc2639 said:

Notice when the CMT Symposium in NYC occurred 4/26-4/28, featuring some of the most bearish and widely followed gurus in the industry i.e. Prechter, Eliades etc., the markets put in a bottom on 4/26 then took out the low by a fraction on 5/4 as if to give some tidbit of meat for the bears to feed on, that 5/4 low was an island bottom, a bullish formation, followed by another island bottom on 5/24. Was the timing of the low in conjunction with the CMT event a mere coincidence? I think not, the event and various free YouTube videos brought in many to the wrong side of the market to have their pockets picked.

In the land of the blind, the one eyed man is King. This is the most fractured market in history. Today's action is extremely bearish.

Oh ye soothsayer very cryptic response! It may be bearish in the end, a B wave top is nigh but may need further upside to complete, until then the pattern is incomplete unless certain levels are broken. Note that Fear/Greed at a multi-month high today 74, Put/Call ratio (PCC) hovering slightly above 6/2's low .654 @ .754, lowest reading in months showing bears capitulated and overall complacency, the VIX in the UVXY etf at an all-time low today 2.55. Blind I am not, my eyes are wide open.

Well we will find out who has played this game longer. Bitcoin could waterfall and the JPN225 and the Dow will go with it. Supercycle C waves will open a lot of eyes I guarantee it. Fractured markets at this juncture are extremely dangerous. Good luck to all. Don't stay to long the party and the B.S. is over.