The end of the US stock market is nearing

Tyson is 97.99, diamond failed?

didn't fail , I guess... instead of dual-diagonal diamond it now looks like a potential single-diagonal with the same general outcome... might be similar to the one on the DJIA...

{ information deleted by staff, per membership policy }

What is happening on both sides of the line of demarcation shows that both sides consider war inevitable. At the same time, the Russian exercises of the fleets and the Strategic Missile Forces indicate that Moscow is aware of the unregulated nature of the military crisis (if one breaks out) and demonstrates to the West its readiness to go to the end: not only to the pan-European one (if the Europeans have enough madness to start it), but also to a global war (if the US doesn't stop in time).

So, strategic shorts on US major indices is a must and my longer-term technical view on the faith of the US stock market discussed in this tread is now getting fully supported from the fundamental point of view as well.

Yet another possible change of the direction of the MMY on EUR/USD will become a strong signal to sell EUR across the board.

given current developments over Ukraine JPY can be considered as a safe haven currency for now and up to the moment when US decides to clash with China over Taiwan... for now shorting EUR, and perhaps GBP, against JPY seems like a good strategy near term...

Russia demands from the Kiev regime to immediately stop hostilities. In case of refusal, all the consequences of the continuation of the war will fall on Ukraine. In fact, this is a direct threat of peace enforcement. Since the probability of abandoning the war tends to zero, it is very likely that we will face a phase of active maneuver combat operations. Thus DJIA diamond scenario has become quite plausible.

Short-term "must reach" DJIA target is located at 29800 now.

Hi Igor, These are interesting times indeed, do you think a reasonable estimated timeframe for the 29800 mark to be reached would be in around 8 - 9 months from now ?

Also can you see an outcome where Putin is no longer a leader or able to influence (Dead ?) leaving an opportunity to open up Russia further to the West and allowing those who come after him to profit from a West pouring money into Russia ?

way faster IMHO.... from a couple of days to a couple of months... though I would rather bet on days

Putin is forever... at least for long enough to accept western capitulation... starting from today the World will never be the same...

as it appears, the diamond scenario on the Dow is gaining credibility... I thing that, short to mid term, the levels 29800 on FJIA and 3815 on S&P is a "must reach" ... I will update all the pictures and ideas at the end of this week...

Would you please clarify how did you draw the right part of the diamond?
thank you for the time you can spend on this request!
- Marc

Will do it on Sunday....

I was very interested in purchasing your new book (at least new at the time) disappointed I cannot buy!

anyways because of u I think I'm starting to make money, hopefully an income to replace job some day, Thank You Igrok

there is nothing to purchase... it was announced but is not out of print yet...

That's a nice story, when is this fictional e-book going to be available on amazon on kindle? Let me know!

well, now let's get back to business... I'm unlikely to post everything at once, hence this post may be updated from time to time...

first of all, as it appears, my assumption posted above was correct https://www.forexfactory.com/thread/post/13905451#post13905451

from now on we can actually make a "forecast", which I personally prefer to call an "educated guess" because traders' main goal is not to predict markets' behaviors but rather to generate profitable trading strategies... we have to start with evaluating all the possibilities for near and more distant future... in order to understand what I'm actually talking about you have to be familiar with my "diamond theory" concept... as of today there are actually only two available sources to get the idea from... one is my seminar of Feb. 20019 on youtube and another is my article published by "Stocks and Commodities Magazine" back in 2018 titled "Diamonds Are A Trader’s Best Friend" by Igor R. Toshchakov... I cannot post here a direct link because the magazine still sells it for some price... youtube video is free but it's in Russian...

here is how I can see current picture from the technical point of view...

1. it seems to me that there is a reversal single-diagonal diamond in progress on the weekly and monthly DJI chart... sure, at this moment it's only a broadening part of a potential diamond structure because there is some time left to complete it... here is how it looks like on monthly chart after 6 consecutive broadening waives are complete

2. now take a look at another chart... as you can see the structure is quite similar... same 6 broadening waives present on the second picture... and they are almost identical geometrically... I mean that their visual impressions are almost identical... this second picture is the weekly chart of the Boeing Company...