TA (just a bit)
Sum with next forecast
Check threadreader post after each section
Read what sections interest you
This process has resulted in many accurate takes on major asset classes - focus on indexes, cryptos & safe haven trades
Many - but not all - accurate statements from last week:
Indexes: "Prefer 9/6-8 trading top, then lower into following weeks"
Good for indexes so far, main futures made highs 9/2-7 and tests 9/6, leader NQ 9/7 high, then all lower
This gets check!
Cryptos: "Same, but less damage expected, could stretch to 9/10 top"
Ugh, 9/6 key high, but more damage
Hottest coins SOL ALGO LUNA highs closer to 9/10, and ATOM pushing higher today
I don't have different astro on every coin, only general conditions, TA for the rest
In big picture 2 major positives for stocks/risk just happened or about to:
NN in term of Mercury last week, historical bullish edge
Jupiter in term Mars this week, best term for stocks in bull markets by decent margin
What to make of this?
I've been trying to wrap head around indexes continuing to coast higher with what is my view, significant astro weakness:
Pluto in Cap-Saturn (double Saturn sign & term ruler)
Jupiter in Aquarius-Saturn (same!)
Instead just easy coast up up up
My conclusion has been:
Bad news = good, because bad = QE continues, and no hikes
And maybe I have been dumb to adopt this so late, but one wonders, how this can continue - fasting doubling of SPX ever? 100%+ off covid low, 18 months.
See #MarsiliosTA for ongoing intro to these methods, plus abbreviations in google sheet (link later)
Stunning steroid rally continues
DJI bull victory above YR1 (arrow) - not near long term level currently
But unlike others no new high last week, and sitting on QR1 (red arrow)
If any trouble this will move below its SepP at 35230 (orange)
hm, DJI more easily bearish but usually the worst short, what to do
Floated above YR1, then above HR1 (red crosses & arrows respectively)
Testing DeMark YR1 - jeez I'd like for some real institutional pros to take a whack at this
For now level to watch 4540, showing daily as well - they are nibbling on hedges / shorts
"Stocks - bull party to continue; maybe quiet week ahead but expecting higher than Friday's highs this week or next"
check for SPX NDX RUT NYA ARKK, just not DJI
"Cryptos - Prefer more positive from early 8/30 or anytime from now; if does not kick in then 9/2 low & UP"
ETH low late 8/29 then massive rally
BTC low late 8/31 then up
next largest market cap ADA 8/30 then up
close enough? i think so esp if you took the ETH long