This has been one of my base charts I watch on a daily basis
ever since Matt drew attention to it earlier this year. It seems we
could mirror the August window where we have a few pop ups above
the zero line. That together with the CPC ratio dropping to lower
levels will probably commence the big correction C(of the large
ABC) Steve has been suggesting.
I do remember a rough time in 2018 when there was a big
sell-off in SPX from the 3rd December to the 24th December. That
was a clear ABC which completed. We are busy with a far
longer bear market correction which should resolve over at least a
2 year period.
Will continue to monitor and adjust as Steve is wont to say.
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This has been one of
$NAHL - uh-oh
Posted by mundy on 1st of Dec 2022 at 06:20 pm
This has been one of my base charts I watch on a daily basis ever since Matt drew attention to it earlier this year. It seems we could mirror the August window where we have a few pop ups above the zero line. That together with the CPC ratio dropping to lower levels will probably commence the big correction C(of the large ABC) Steve has been suggesting.
I do remember a rough time in 2018 when there was a big sell-off in SPX from the 3rd December to the 24th December. That was a clear ABC which completed. We are busy with a far longer bear market correction which should resolve over at least a 2 year period.
Will continue to monitor and adjust as Steve is wont to say.