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The end of the US stock market is nearing

  • #1,681
  • Feb 5, 2021 7:29am Feb 5, 2021 7:29am
Quoting Nnnn
{image} legitimate rhombus or not,can it work according to your strategy
apparently it's not a diamond yet... but eventually it might turn into it when fully developed...
  • #1,682
  • Edited 10:16am Feb 5, 2021 8:28am | Edited 10:16am
here we go again... let's compare side by side a fully developed diamond on the Boeing charts with what's going on right now on the S&P chart... first picture is a confirmed reversal diamond on Boeing... once fully formed this stock price turned south and covered the entire previous uptrend... second picture is depicting current situation on S&P... the third one represents only the left (broadening) part of this formation on Boeing to compare with the previous one... can someone see any similarities already?... the conclusion is simple... if it now turns into a diamond also then the levels below the low of 2009 will become the objective target for S&P... in such a case it's a must as matter of fact...
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  • #1,683
  • Feb 8, 2021 7:17am Feb 8, 2021 7:17am
Quoting Igrok
now let's get back to out business as usual... here is the illustration how a reversal single-diagonal diamond on the Boeing weekly charts looked like and how it reached its initial MOT ( measured objective target)... the red line at the bottom of the picture is the most likely medium-term target for the moment... {image}
Igrok, on the same chart, was the figure that formed in period 2014 -2017 a diamond too? single-diagonaled?
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Path of Righteousness
  • #1,684
  • Feb 26, 2021 3:35am Feb 26, 2021 3:35am
two weeks passed..
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  • #1,685
  • Feb 26, 2021 1:30pm Feb 26, 2021 1:30pm
Quoting Nnnn
two weeks passed..
Buy and hold ?
  • #1,686
  • Feb 27, 2021 10:41am Feb 27, 2021 10:41am
maybe so ... maybe not
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  • #1,687
  • Feb 27, 2021 2:12pm Feb 27, 2021 2:12pm
It will just be "head and shoulders" to 3226
  • #1,688
  • Mar 7, 2021 6:01am Mar 7, 2021 6:01am
Hi @Igrok do you see the the US dollar index heading to around the 94 mark before moving significantly lower Or is your view different ? Obviously lots of things happening with massive stimulation presently how do you see the dollar playing out ?
  • #1,689
  • Edited 1:20pm Mar 16, 2021 1:08pm | Edited 1:20pm
Igrok, Can we draw Diamond on the RSI-55 chart? Will it work?
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  • #1,690
  • May 5, 2021 5:55am May 5, 2021 5:55am
Looks to be at an interesting point for Wall Street at present
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  • #1,691
  • May 31, 2021 6:28am May 31, 2021 6:28am
daily diamond on S&P 500 index since 16 Apr '21
Path of Righteousness
  • #1,692
  • Edited 7:02am Jun 3, 2021 6:17am | Edited 7:02am
from my point of view it's extremely likely that we have already seen the historical high on the DJIA in May at 35091.56... it may stay as the ultimate top there forever... for the moment, the medium-term target is located at around 23730, where it can be bought again for yet another correction towards 30700, which is gonna be the last waive up before dropping below the 2009 lows at 6500...
  • #1,693
  • Edited 8:59am Jun 4, 2021 8:23am | Edited 8:59am
?
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  • #1,694
  • Edited 9:31am Jun 4, 2021 9:17am | Edited 9:31am
or is it?
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  • #1,695
  • Jun 6, 2021 10:47pm Jun 6, 2021 10:47pm
The Nasdaq might also be at an interesting point in time
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  • #1,696
  • Jun 17, 2021 3:03pm Jun 17, 2021 3:03pm
Quoting Igrok
from my point of view it's extremely likely that we have already seen the historical high on the DJIA in May at 35091.56... it may stay as the ultimate top there forever... for the moment, the medium-term target is located at around 23730, where it can be bought again for yet another correction towards 30700, which is gonna be the last waive up before dropping below the 2009 lows at 6500...
Hey Igor , I remember you saying something about the most number of consecutive days (from Memory) up or down was 9 It looks as though we are in for another example on the djia! with Friday yet to come direction may get some reprieve.
  • #1,697
  • Jul 9, 2021 10:54am Jul 9, 2021 10:54am
Quoting Igrok
from my point of view it's extremely likely that we have already seen the historical high on the DJIA in May at 35091.56... it may stay as the ultimate top there forever... for the moment, the medium-term target is located at around 23730, where it can be bought again for yet another correction towards 30700, which is gonna be the last waive up before dropping below the 2009 lows at 6500...

Again?
  • #1,698
  • Jul 20, 2021 2:42am Jul 20, 2021 2:42am
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  • #1,699
  • Jul 20, 2021 10:51pm Jul 20, 2021 10:51pm
I believe that it can dump, but I am not that brave to short the US marker.
  • #1,700
  • Jul 21, 2021 11:51am Jul 21, 2021 11:51am
Nice drawings, yall should go to art school lol
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