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Saturday, March 20, 2021
Weekend Update - Divergence (3/19/21)
SPX prices have been diverging against select indicators in recent weeks. Meanwhile, the pullback this past week has been a three so far.
About 18 months ago and revised last June 2020 I did some mathematical modelling on the DJIA waves (that calculated what we saw in 2018-2020) and making certain assumptions found that IF the rally from March 2020 is a large B wave or wave 2 of large neg seq make a large A wave down, given the pattern since 2018 it has to exceed the Jan-Feb 2020 top to complete the B or 2 on this type of mkt structure.
We have seen this to date but we still need to see if this is a B wave etc..
I think I mentioned part of this last year in a comment.
About 18 months ago and revised last June 2020 I did some mathematical modelling on the DJIA waves (that calculated what we saw in 2018-2020) and making certain assumptions found that IF the rally from March 2020 is a large B wave or wave 2 of large neg seq make a large A wave down, given the pattern since 2018 it has to exceed the Jan-Feb 2020 top to complete the B or 2 on this type of mkt structure.
ReplyDeleteWe have seen this to date but we still need to see if this is a B wave etc..
I think I mentioned part of this last year in a comment.