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Dow Long term Wave 3 Done

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jp6
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We did get a huge bounce and was more then ,618. 

Now we have Double top like 2007 also Have H&S on Dow. NDX is making lower High similar to Dow 2007. Spx is making slightly higher high then September top.

Believe that Dow would make it to 36K. should have realise when it wasn't going down according to plan that it will be like 2007. slightly higher high. Not like Y2K or 1929. 

What we will see a distribution then Plunge.

1974 Bottom to 1987 top was 662 weeks

2007 Bottom to 2021 top if it's 662 weeks would come to 8th November. I believe It will come before 8th November.

Here are some charts showing You 2007 top and H&S on Dow. neckline is from 1929 top, 2000 Top. There is a good chance that Dow will hit 36K before it's all over. 

NDX should not takeout 15510 on closing price then Bearish scenario may begin week commencing 25th October or by 8th November. Most likely it will be over before 8th. November.

 

 

 

Top like 2007.png

152 months top head and shoulder.png

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It's like 2007 where Most Indexes made slightly higher high to fool everyone. Gap Gap is classic where they clean out shorts and get Bulls to load up. 

Huge Gap up that got sold is how top are made. Check How the Fib Sq. Plays out if one runs them Backward. 

There are 2 scenario that can play out SPX heads south to 4555 then head back up and do double top or It head up and do double top. 

1st one is how they distribute

Look At SPX which has done Perfect ABC and has met all the upside. Today it will do small C wave 4555 then back up again for the final time.

 

November top.png

26-10-2021.png

27 Morning.png

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