Top wave structure final peak 4821 Panic into 3/20 /4/2

11 dic 2023

The chart posted is that of the sp 5000 .As of tonight sunday dec 10 the sp has had 6 weeks Up rare and a warning of the BLOWoff is closer to the end that the BEGINNING . I am looking for the wave 1 of 5 to peak dec 15th +or - 1 day target 4638/ 4666 from here we should see a 4.6 to 5.8 % drop from peak to low this should see a low 12/27. or jan 2 this should be wave 2 of 5 of 5 this low 4483 to as high 4510 wave 3 within the 5 th should be weaker that wave 1 from the oct 27 low . wave 3 should peak just above 4821/4833 . Wave 4 should see a drop of 3.8 to 4.2 % at most and hen we should enter wave5 of 5 for wave C of super cycle wave B . I have stated That the peak in my view as stated in the forecast dec 8 2021 that we was the End of the Bull market and that we are in the Bull trap as i said in OCT THE SHORT SQUEEZE is SET . I am looking for a PANIC into late MARCH but Up to 4/10 From there I will post The BIG PICTURE . I am looking for the FED to low .25 in May . We are tracking the inflation cycle of the 1970 very well we should see a BOTTOM in near 3.2 to 3.4 % before we see Inflation pick up rather strong . into 2027 at which time the US population will have reached 26 % of the US above 65 yrs of age . Why is the market holding up it is rather simple The US Treasury has moved to fund the quarter with short term paper TBILLs this Add Liquidity to system CASH .Second reason the treasury wants a higher STOCK MARKET INTO 2024 So capital gains taxes can fund the Deficit between tax Revenues and spending . to mask the issues .

12 dic 2023

Nota

It is time to update the forecast as I wanted to make sure of the MATH back in mid to late oct I stated three peaks and doomed house and the 1987 style crash in the spring April 1987 the market formed a sideways corrective pattern in which the market saw a last leg up of 26.1 % I can be very clear now that if we peak in wave 1 of by 12/15 and into 4638/4666 outside 4712 this would be a very clear signal to me that the SP 500 would see the final peak of 5171 and match in near perfect form . I will update if needed the structure