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DJI EW Counts

DJI may have completed red micro-B or black (a).

I think we should see the final push down for silver over the next couple days.

QIM time cycle is close to entering reset. Considering the majority of corrections complete by the whole number 2, odds are that we are very close here to a bottom forming. One final sharp move down towards $61 is my base case, likely triggered by USDJPY and US10Y breaking out

Crude Oil (CL)

• CL may be targeting 86 +/-
• Based on the cycle analysis last week, the dominant short cycles were supposed to reverse in the first half of this week
• If they do, that could put pressure on the broader market

Here you go guys, the crude oil crush continues and they are trying to push CL all the way down to 90$ as I felt it would occur

QQQ vs VXN (NDX VIX)

Today, QQQ was
Up at least +2.75%
On a day VXN (VIX for QQQ) was up at least +1.00 point

And how has QQQ done 2 weeks and 1 month after every similar event in the past?

SPX and VXX rallied together on Monday

This often precedes at least a short-term reversal in SPX

SPX vs Internals

S&P 500 is near the Aug high, but most stocks are in downtrends

Rotation into the broader market ended at the August high and the breadth has been declining since

342 stocks are below the 50D MA and 240 are below 200D MA

The post-FED rally was largely led by large-cap tech stocks. Small caps and the Dow lagged. Investors are maybe betting that higher rates will not hurt tech giants

Bitcoin Now Vs Pre-COVID Fractal: We Might Have Our Pattern

The sentiment today was disgusting. The euphoria from bulls was just ridiculous all around. People don't get rewarded for awful behavior and by doing the same exact thing as everyone else.

If markets were that easy, everyone would be rich. And if these analysts were that good, they'd have also got the top and the bear market right

They NEED this. So they are so emotional.

I am calm, and stoic, sticking to the strategy I outlined.

This was the case where I was better off sticking to my original plans, but risk management says I was supposed to short resistance

If we got a lower high. it would have been the right move and a very safe trade

This trade is now a lot less safe, as we don't really know there the top would be.

So we have to look for Fibs. Where we are at is in line with the pre-COVID expanded flat

This was the original plan. and we hit $87K like I targeted. I did say as much as $89K and really I see a zone at $93K also

OF cour

SOX Time Cycles

• A pullback this week, up into early Oct., followed by a down move toward 8 Oct.

Equal-Weight S&P 500 Sectors

• Today's rally is clearly led by Tech Mega-Caps, some Mag 7, Semis, ...

EURUSD 4H rejected at the RSI DTL - probably going to retest the lows, hence why PMs are rolling over