Excuse my head blocking parts of some charts. I'm usually careful about that but this chart required special positioning...

Hi Peter, could you show us next time how you get more historical data like you got from Tesla?

What about the fact we are starting earning season, and historically the markets go up during this time, when fully employed?

No less than 5 " cascading, snowballing, waterfalling" mentions in tonight's video. Wont be a shock if market is stable over next week. Since Oct/Nov 2022 there has been a bearish beating of the drum. Jan/Feb 2023 brought louder growls from the bearish stance. Meanwhile we all know what transpired, even as we were supposedly " going NOWHERE" in SPX. Please, tell us how the time that you will be right- and we will have a selloff 6-8% isnt a stretch. Could go more, BUT what will be the actual level to break that gives your bias some weight. Being bullish all the time is hard to listen too, ( but more profitable without any doubt) but bearish commentary is harder and honestly a -35% drop is just fools errand to call for that. One day we WILL GO DOWN. we are up 35% this year,(NDX),we WILL HAVE a selloff. But, anyone can say that. I want to know what will be your trigger. A projection? A break of a 20 dma,50dma? The 200 dma break up was a pretty big BUY signal, are you going to wait for 7% drop to get conviction?.

That harmonic butterfly is starting to look real good. The October lows will be tested soon. That double top is very bearish especially with these exhaustion and break away gaps. Pity most don't have a clue on technical chart histories.

Another observation is that there is a 5 point reversal pattern in the SPX and Friday was the P rally. The P stands for phony. Many stocks completed the same top in 1929 and from the failed rally the market broke famously. Expect the same here. See Edward's and Magee on broadening tops.

Thanks Peter, 🐻 Bears fun begins this week. I will start laddering SPY Aug 4 Puts starting today near close or at 12:35 PM EDT IF Rally fizzles. Profile shows Peak July 11th. Profiles can skew a few days giving me a window for peak July 10-11-12. DIVE 📉 DIVE📉 Up Periscope! ~Dorothy

So far the exhaustion break away gap from the top looks like a impulse. Now in a small W2 in C 4406-4408 or so then down again. A nested 1'2 1'2 which leads to the acceleration of the trend. Good luck. BTW AAPL is weak.

The Nasdaq 100 index is set to adjust the weighting of its 100 components, with the "magnificent seven" stocks Microsoft (MSFT), Apple, Nvidia (NVDA), Tesla (TSLA), Google parent Alphabet (GOOGL), Meta Platforms (META) and Amazon.com (AMZN) currently accounting for more than half the index's weight.

Announcement New Weightings will be announced on July 19th and rebalance will take place on 24th. https://www.investors.com/news/nasdaq-100-plans-special-rebalance-to-curb-dominance-of-magnificent-seven/

Japan is weak which does not bode well for our markets. The most bearish Dow stock UNH can't rally. I look for a reversal down soon. YMMV

fast3777 said:

Japan is weak which does not bode well for our markets. The most bearish Dow stock UNH can't rally. I look for a reversal down soon. YMMV

Does 'YMMV" mean; Your Mileage May Vary? I dont know what else it means>

To:fast3777

Japan is weak which does not bode well for our markets. The most bearish Dow stock UNH can't rally. I look for a reversal down soon. YMMV

UNH Gave a Target down to 418.91. Only getting back up to 488.66 would cancel this Target. ~Dorothy

A/D 1869-867 blessed to have survived the cascading, waterfall collapse of stocks, bitcoin, japan, germany.