'87 again?

2022年1月4日

The pink chart pattern is '66 (beginning of an expanding triangle corrective wave) to '87 (black monday) overlaid on the log scale. NOT ADJUSTED FOR TIME OR PRICE.

Check out the eerie similarities...

• The last time the SPX bounced from below the 200 month MA was the bottom in '09... the time before that? '74... almost matches to the exact month.
  
• Speaking of which... Every single local top from the '66-'87 chart corresponds to some kind of local inflection point in the '00 - present chart
  
• Black Monday did not happen at a top, but the top that preceded it was at the 4.618 extension (shown in pink). 4.618 extension from the Great Recession is 4865.
  

No position here... just for entertainment.

2022年1月12日

註釋

Initiated a small long VIXY position. Still looking for this ending diagonal to complete to SPY 485 where I'll get more serious about shorting.

2022年1月25日

註釋

T'was no black monday, but the overlaid chart from 66 to 87 proved pretty accurate in predicting the incoming volatility. Looks like bulls and bears will battle it out over 4590 or so. I see a confirmed bullish shark so i can almost guarantee a 50% retrace to tap the 100 day EMA (blue line)

I see 2 scenarios: