Leap of Faith
come back for you...
to remind you of something. Something
you once knew...
That this world is not real.
convince me to honor our arrangement.
To take a leap of
faith, yes. Come back...
so we can be young men together
Come back with me...
2010, Dir. Christopher Nolan
I suspected over the last few days, the renewed strength of
the Bull market and the recent behaviour of the T volume
oscillator is suggesting that the series of recent shallow
lows has formed the new 'Cluster T Structure' marked in blue.
The positioning of this T structure is provisionally placed at
19 January - an approximate centre of the last 4 lows in the
oscillator, but may need adjustment in due course, as the
market reveals its intentions further.
there isn't a defined price low and/or oscillator low, the
position of the T structure is uncertain. Alternative
placements would be a centre at 30-31 January with a similar
result, or something inbetween 19 and 31 January.)
Cluster T structure provides for a series of highs in mid
February in line with the original Large 'Trump' T structure,
but is also projecting into mid and late March in line with
the upcoming Echo and Pulse cycle highs
marked in pink and green.
course, as you can see, we find ourselves at an important
rising line projected from previous highs, and so it wouldn't
be surprising to see some consolidation as this level similar
to recent passages. However, the additional strength I am
observing here seems to be suggesting a break upwards through
this line and targets 2350-2400, perhaps quickly. But with a
strong resistance line at 2380 in late March.
the image to your desktop to view a larger version
(5,35) oscillator: POSITIVE - and looking strong
oscillator: POSITIVE - +13 - and breaking cash build up line
and confirming a T.
Further strength in the oscillator
above the recent peak of 16 will add conviction to this T.
BUY SIGNAL above 2289 on 3 Feb, confirmed at 2292
closing below 2297
Very short term bearish
S/T SELL SIGNAL with sustained
move below 2280
resistance at 2316-18 - rising Gann
resistance line from previous highs
Possible target long
term resistance line at 2330-37
extreme at about 2350-60
long term rising angle from Dec 14 at 2360
support at 2290 - descending Gann resistance
line from recent high now potential
Potential support / resistance at
X and XX emas - 2296-98 - IMPORTANT line in
IMPORTANT Rising support line at
Potential rising channel support at
2253-54 - rising gann support line (red) from August
Potential support at the lower bollinger at
Potential support under the previous recent low at
Potential support at 2254 from 55 ema
& LONG TERM REASON TO BE BULLISH
term target 2350 - 2400.
Blue bars on the chart indicating potential
continuation of bullish trend
Powerful looking T structure
with endgame strength into final arms
will depend upon how deep the market pulls back after each
T volume oscillator turns positive
New Cluster T
structure emerging from series of shallow lows indicating
potential strength into March
Market made a climax low and
a 4 day thrust upwards - a major long-term BUY
Still potential for move up into the next arms of T
structure - 17, 27 February (+2 days possible shadow)
is a long cash-build up going back to the oscillator
peak on July 12 (+80) projecting as far as late
There is a small cash-build up going back
to the oscillator peaks on December 8 and November 15 and 22,
and projecting into mid February, and March
corrected in time but not price, and squeezing upwards
oscillator turns positive and looks strong
TERM REASON TO BE BEARISH
structure nearing potential endgame
No major pullback for
more than 50 days
Next arms of Large T projected for 8
February and the 17 February (+1 or 2 days possible)
some point the market will sour on Trump, perhaps now or in
later February or March, most probably coinciding with one of
the end arms of the current major T structure and/or cluster T
Vix at low levels considering potential for
future volatility, watch out below 10.40
Short term RSI at 97
approaching overbought levels associated with peaks
Long term RSI
at 69 approaching a level associated with major tops
Be prepared for an unexpected and really
volatile move to occur sometime in the future.
an open mind, Hedge your risk and have a Great day.