He’s got Diamond Hands!

Book ‘em!!

Matt/Steve, was I correct in my count that we broke symmetry, so likely need to set a lower high still? Thanks!

3831 is Symmetry if my math is correct. Bounce or keep dropping?

Thanks. Not trying to assign blame. I only ask because I know I’m the novice and you are the pro, and I respect your opinion!  You’ve saved me many times from myself!

Thanks. Not trying to assign blame. I only ask because I know I’m the novice and you are the pro, and I respect your opinion!  You’ve saved me many times from myself!

STEVE, I see you adjusted the trend line on the 5 min chart. I get it. Makes sense. Not challenging you. Just trying to think for myself. Is it possible that SPX went up and tagged the original trend line and is headed down now (that was my previous premise). JUST ASKING. 

Thanks

Thanks, Bandit!  As I recall, it may signal a day or two early. But essentially never a false signal. Is that your recollection? This would mean we are going down soon, the way I read it. Comments/ corrections!

SPX tagging the negative divergence line. Back down now?

Looks like SPX hasn’t broken symmetry yet. Is it forming a bear flag now or building energy to make new highs?  Thoughts?

Thanks, Steve. 

Steve, I count 5 waves in your ascending diagonal you posted.  Does that imply a likely reversal ( maybe just to bottom of diagonal?).  I’m learning enough to be dangerous, but getting better. Thanks for critique of my thinking. 

Excellent mapping, brophy. Thanks!

Thanks, racerick

Ride ‘em Cowboy!  Here we come!

Thanks, kobie!

Steve/Matt, Since we have come so close, aren’t we likely to least tag 3800 or maybe  even 3837 before a reversal?  Or are going to need a break, like a dip of a B wave  to get there?  More likely  drop back and tag the Diamond breakout, then go there?

Amazing. Chris Kimble has been saying and showing (for at least 5 years) charts illustrating that Gold 1500 would be the ideal target to buy ( if we get there.). It is the measured tip of the multi-year cup formation, and he estimates that it will double to at least 3000 ( I don’t remember the time frame).  Has been like watching  Matt’s old paint dry system, but it looks like we might get there!

Thanks, fundalmentalvalues!