HYG exhibits the same pattern as SPX which is an expanding
diagonal. Therefore the moves become larger as the diagonal
expands. SPX also had a symmetry break with August rally but
the pattern suggested the next move down would be greater which is
why I warned back in August. The swings are increasing and
thus the next move down for SPX could be the swiftest all
year.
HYG seems to be leading.
Posted by jared95 on 4th of Oct 2022 at 08:39 pm
HYG seems to be leading. Looking at Steve's 60 min chart from the newsletter, HYG has a possible symmetry break. https://schrts.co/SEaDdyQX
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HYG exhibits the same pattern
Posted by steve on 5th of Oct 2022 at 05:30 am
HYG exhibits the same pattern as SPX which is an expanding diagonal. Therefore the moves become larger as the diagonal expands. SPX also had a symmetry break with August rally but the pattern suggested the next move down would be greater which is why I warned back in August. The swings are increasing and thus the next move down for SPX could be the swiftest all year.
Project, monitor, adjust
Yep, at the very least
Posted by matt on 4th of Oct 2022 at 10:10 pm
Yep, at the very least it supports my view of the next pullback likely forming a higher low wave B of some sort then another move higher