Indices & ETFs

[hanera]

@hanera

Btw, so far, it is a zigzag, rarely completes a wave iv. SO, could be wave a of an expanding flat, running flat or a triangle.

Thought wave b completes above $330, it reverses on $325. My WAG is wrong again The worse case which I don’t want to mention is it could be 123 of a bearish impulse.

[Jil]

@hanera

@Jil

Market maker may pull all indexes (recovery 50% of drop today) when scared investors are selling. In that case, Monday they will push down again 2.5%-3.5% and put a full stop finally. This had happened recently as given below.

Referring to QQQ: Behavior wise this scenario is likely. Wave a down look like completed and should start counter-trend UP but I don’t know how high it will go before the wave c DOWN resumes… also don’t know how low it will go down… but if it goes below $297, IMHO correction (10-20% decline from ATH) is in progress.

1. If your Kangaroo jump happens today, the jump above yesterday drop, then assume market recovered.

2. If not, they are cheating common investors…

Simple reason for Kangaroo jump: Market makers wants to buy bulk at deep low price when others are confused.

This is not a financial advice. Sharing for entertainment purpose only.

[hanera]

@Jil

If your Kangaroo jump happens today, the jump above yesterday drop, then assume market recovered.

What is yesterday drop means? Which price? Now is either using Paul 1-2-i-ii which doesn’t seem to work anymore or assume is zigzag completed and is down.

[Jil]

@hanera

@Jil

If your Kangaroo jump happens today, the jump above yesterday drop, then assume market recovered.

What is yesterday drop means? Which price? Now is either using Paul 1-2-i-ii which doesn’t seem to work anymore or assume is zigzag completed and is down…

I am not using Paul’s pattern, but from my observance.
Kangaroo jump : Today Index Percent gain >>>(extremely high gain) >>> Yesterday index Percent Loss !
Until this is happening, we have the risk of seeing red in future.

[hanera]

IMHO, unless QQQ goes below 297, presume is in wave iv. Below 297 means retracing the rally from Mar 2020. Now 312 is about 20 more to go The re-bounce from 312.08 is in line with 1-2-i-ii… until ofc break below 310.10

[Jil]

@hanera

IMHO, unless QQQ goes below 297, presume is in wave iv. Below 297 means retracing the rally from Mar 2020. Now 312 is about 20 more to go. The re-bounce from 312.08 is in line with 1-2-i-ii… until ofc break below 310.17

Today too MM killing all indexes…

1. They can simply push down another 1.5% - 2.5% tomorrow. That should be a final end.

Presently, above scenario is running. If qqq ends minimum 1.5% down, that will like be final end. Monday & Tuesday, before every one blinks, MM will take the indexes way up buying everything from scared retailers…

BTW:This is not a financial advice. Sharing for discussion/entertainment purpose only. All are guesses that can completely go wrong

[hanera]

@Jil

They can simply push down another 1.5% - 2.5% tomorrow. That should be a final end.

Market closed 2mrw

Milllennials’ favorites are UP… AAPL GME PYPL SHOP TWLO

[Jil]

@hanera

@Jil

They can simply push down another 1.5% - 2.5% tomorrow. That should be a final end.

Market closed 2mrw…

I see you became dull and sad…! Next Monday…

[hanera]

1-2-i-ii in play? Sudden surge. High probability if 314.75 is taken i.e go above, holding my breath. Now I need to afk, making coffee to reduce stress.

Good. Above 317.61 confirms it, let’s go.

[pastora]

This is SPX but I’ve been following this guy’s prediction last few weeks and he’s been very good. I’ve been mostly cash except playing some daily swings and AMC since early this week. Ready to load up next week when SPX touches the 3700 area. Staying quiet and having a beer today.

Master WU (MasterPandaWu)

[hanera]

@pastora

Ready to load up next week when SPX touches the 3700 area.

Good. 3700 is higher than 3550 (wave i). So he is saying SPX is in wave iv. In line with QQQ is in wave iv. Only thing is how he know? I only see possibilities but no idea which is the correct one. Based on his years of trading experience? Or some fundamentals?

Panda-BEAR: 20+ yrs active trading experiences. Using my TEACT formula (Trend, EWT, Astro, Cycle & Technical).

Ok, he beats me by sheer experience and knowledge.

[pastora]

I think he’s using combination of EW and volume+market profile but who knows.

[hanera]

I realize EWT alone is kind of worthless because only know possibilities and can’t pinpoint or at least narrow to some very high probability outcome. Every possibility is almost same probability. I try to use trend line and RSI but don’t always work.

[Jil]

@hanera

Based on his years of trading experience? Or some fundamentals?

No fundamentals in bear attack now ! They are always short term.

Everything pre-decided to bring down the market with only AIM to get retail traders money into market makers side !!

We all know at some point of time, it jumps very high without any reason.

The only long term impact that market should not behave like 2008-2009 drop - five times correction after correction every quarters…Then we have real issue.

[Elt1]

[hanera]

All I know is I have lots to learn! at my age, is embarrassing. I will go through Master Wu tweets during weekend to see whether I can figure out how he gets to be so accurate.

[pastora]

Yep, I will never use EW alone for big bets. I think his lower level is definitely market profile. You can see the huge support around 3660-3700 area. If it breaks that level clean, we are in bear market imo.

[Elt1]

The market needs and wants a correction.

[hanera]

I like forum always can learn something new from someone

Thank @pastora

[Jil]

@hanera

All I know is I have lots to learn! at my age, is embarrassing. I will go through Master Wu tweets during weekend to see whether I can figure out how he gets to be so accurate.

When 25+ years experienced is telling like this, what we learner feel ? True, learning never ends…

Even after so much programming/calculations for more than 4 years, I am unable to clearly see the intended move (either direction, price or the gap…) etc.

As long as delta accuracy improves, it is good.