Wave V is an ending diagonal, it means its component waves 12345 are all three-wave structure. At present, SPX is in wave 5 which should be a three-wave structure. As seen in the chart below, a three-wave structure has clearly formed and is near Panda’s predicted peak of 4114 I he doesn’t issue DTK red alert
Yes. Could be earlier at 4244. I will close all trading position upon DTK alert. Won’t sell any AAPLs* or those high growth stocks I acquired during the “scary” swoop since they are not very big position, mostly between $1000 to $5000, more as a placeholder to remind myself to scoop them near completion of wave [II]. Ofc, so long they are still around
Note* Those AAPLs that I have sold recently are in IRA account - no tax implication. Those in taxable accounts, I won’t sell.
Below is an updated SPX count using ToS chart. More like print again to reflect today.
Results would likely be known in 1-2 days earlier by well placed big boys. So any days in the earning week ie Apr 26 week is a possible peak for SPX. If that is not the case, the next possible week is May 10 week, then Jun 21 week… These are determined by Fibonacci time spiral
Anyhoo, Apr earning could mark the peak of AAPL for 2021
Looks like Panda one step ahead, Naturally 20+ years Trader…I did not see his comment until you posted - anyway - two independent guesses better for reliability. Good, now I feel comfortable with my direction of market where it goes.
Sensing that danger, I am selling my rental real estate and pay off my primary, come out clean for stock market bottom.
Yes, I exactly suspect what Obama 2 Era like this.
I see you don’t get the drift… obviously sell when DTK signal. Say so so many times. Remember my mantra? Make less money is better than lose lots of money. Be bold, not reckless.
Didn’t read what he said yet. Still a professor right? Nowhere close to Jim Simmons
All these biz professors, Jeremy, Clay, … tons of theory but …
I am not @Jil or @pastora, I have a phobia to short. Probably due to knowledge of one of my relative when I was very young… trauma… he made huge sums of money shorting the market and lost even more, now still an undischarged bankrupt.
His DTK is not EWT. His propriety formula.
As @Jil pointed out long ago, doing trading manually won’t make you a billionaire. Need to automate the process. I am still not very clear what is the correct strategy… anyhoo, no idea how to automate.
With current situation, I do not expect TQQQ will be double and QQQ will be 32%. It is too greedy. It is bound to come earlier than what you suggest.
I do not know whether it correct 3 times or 1 time, but the next fall likely be around 20% or more when it happens, and it is very stressful. None of the equities fly afterwards as they would been beaten to death ! It is going to be a recession kind of start.
BTW: Anything talk about future is guess work which may go wrong 100%.
Indices peaked on Apr 8 midnight! So Astro is no voodoo. Anyhoo, hit the EW forecasted price half a day earlier, see old chart… thought is today or Monday… was prepared to sell some TQQQs… should have monitored AH! Anyhoo, the drop should be to 330… no big deal… unless you want to scalp… do nothing and wait for 350 which would have a larger drawdown to make trading more worthwhile…
Read the Jeremy’s article. He is talking about QQQ for sure. Guess you didn’t read or forget… I said many moons ago… somehow QQQ seems to last till end of the year or even early next year YET SPX seems to end much earlier, around May-Jul. I also say I am clueless… either I interpret the EW pictures wrongly… don’t know which ones or they can differ so significantly? Btw, Panda’s DTK is for S&P. For prudence, I will err on the safe side close all trading positions when DTK is flashing red.