Bad (good ?) news greets my back from Costco.
DTK red alert
Not far away means? Jul 26 or earlier? Some sites say Aug, @manch say Oct?
No idea of duration of drop and no idea depth of drop, but very likely to know, whether downside or not, by end of day.
IMO, it is getting confirmed now. If this sets in, by EOD, July 2nd is the peak of the session, likely we can see dip on Friday and Monday. Even if market is up, during FAANMG results, that it will end up in negative day by day.
Market, with current standards, is like Jan 2020 peak. It is not going straight down, but always in wave.
[Edit:] Unable to clearly confirm today on SPX, But QQQ is on drop side. However, market is precarious condition that it can drop any time within next 3 working days. If both Thursday and Friday is up, market is out of red.
BTW: Not a stock or investment advice !
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No need to use absolute number, 4257. Use 20-day SMA, if broken, then the TOP would be in. That is need price action to confirm 
prediction. Patient 
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Update: Very Likely both AAPL & MSFT will drop negative tomorrow that will pull QQQ down side. They will pull down QQQ and SPY too.
Very likely, with current cycle peak, MSFT will go for big time correction mode (like what happened to TSLA, BNTX and MRNA). My take is MSFT will touch $206 (EWT - 500 days).
My system has given me red alert for both AAPL and MSFT (checked after hours).
Conclusion: Market will set the Panda DTK tomorrow for sure, based on AAPL and MSFT update.
Good luck to you all as I won’t update daily when market swings UPs or Downs. I just want to inform you all about market peak (as I have special interest to know/predict market forces).
I appreciate, if there is no follow up questions, no comments.
If you like, just vote (more than enough ack). If you do not like, ignore it.
BTW: Not a stock or investment advice !
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No comment necessary but thank you. 
OMG, incredible ! How precise I can find the turning point ! Market crashes today !! I did not expect this much crash today, but lucky to move entire portfolio to cash yesterday !!!
According to @manch, market won’t drop since FGI is in fear mode. How to explain pre-market?
Open market would go back up?
If SPX breaks below 20-day SMA, what would you do? Do nothing or immediately move portfolio to cash?
For your info, I have taken action last Friday.
Two good indicators that would confirm that SPX is in a correction mode:
Break below 20-day SMA
VIX closes above 20 today… already above 20
Using them as confirmation indicators mean they are lagging indicators
You may want to pay more attention to DTK… I open some ST long put… more than 3x overnight…closed position after posting this.
Status as of now…
Didn’t break below 20-day SMA
VIX back below 20
I am betting (century) top is in, wish me luck… will it be my destiny to make 10x to 100x with this LT short position?
I don’t recall ever saying that. Did I say S&P will go up every single day on a straight line if F&G is in fear mode?
You are betting S&P will be lower than yesterday’s level until Jan 2, 2100?
I am not as clever as you guys. I will just sit tight with my portfolio not doing anything.
Memory refresher for the Panda fans. This is a testable hypothesis. Start the clock today.
My position is that market is unlikely to crash by the above definition, from yesterday’s level, because F&G was already in fear mode yesterday, and has been in fear for many days prior. Let’s see.
IMO, recession started today and never ends until it touches the bottom. All stocks, real estate, everything is going to be issue.
If sell off stops in between, it S N A F U only.
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Yes. Is your forum, you can verify easily.
Very funny. Thank for the laughter.
Don’t think he says crash starts today. Actually, he mentioned many times when crashes might happen. Read through this thread or his tweets if you want to know the criteria.
That is not what you say. I recalled you said you would at least reduce the size if FGI is too greedy.
Just a reminder: Regardless of what I think about the market, I trust Tim Cook would take care of me so no selling of any AAPLs. Ditto for S&P index funds and RE rentals.
Below is the hedged trading portfolio… appreciate the power of hedging… a sudden down market won’t kill the portfolio… ofc, one of the reason is I have closed many positions last Friday using not EWT, not DTK, just basic RSI very basic but very effective just hard to master.
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Apparently Panda reads this forum…
@manch needs to go to a good reading comprehension class. You need to change your habit of believing what you want to believe rather than what are written.
My initial guess is the top should be 4380-4400… to be confirmed by price action. Today seems a bit early but let price action tells us… so far VIX is back down to below 20, and SPX barely touched 20-day SMA and rebounded…
Price action…
After so many lessons, do @manch finally understand what is price action?
Might as well post a longer time frame of my count for SPX…
Primary count in green labels.
Alternative count in pink labels.
Let price action tells us which is more likely.
What does the word “century” mean? What does “top” mean?
I am a simple guy. Lacking deep thinking capability. Just interpret words by their everyday meaning.
I ask the fortune teller what my future is gonna be like. And he said you will know when it comes.
Maybe don’t tell people you are in the fortune telling business?
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You are lucky that I am not 
Spreading buddhism here?
So you are basically saying the market will go up and down in the future.
Yes, I agree with that. Just like I agree that our mothers are women and the sun rises from the East.
Great insight!
Thought you are a liberal. You live in the past! Investing is about the future. When would you learn this?