Would markets double-dip?

HeSaidSheSaid

HeSaidSheSaid

what do you think? [it did in the past]
perhaps, the job number on Friday would cause NASDAQ to dive to retest the low?

ixic1.png



iwm1.png
 
We don’t know what the market is going to do.

Current range is 473 - 427.
458 - 427 if we close bearish today.
 
HeSaidSheSaid said:
what do you think? [it did in the past]
perhaps, the job number on Friday would cause NASDAQ to dive to retest the low?

ixic1.png



iwm1.png
More...

If you have a notion that "Elliot Wave Counts" mean anything, keep an eye on the IWM chart. At this point, its message is the most revealing.

I posted earlier (November) about the possibility of the "bull market from Covid low may have topped"... that read is still intact. If my read on the wave count now is correct (working view, not yet confirmed) a bear market may have begun and the market possibly has a LONNNNNNNG way down to go. IOW... if you think this might be correct, you'll want "sell the rallies", not "buy the dips and average down".

Trade accordingly.
 
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Specterx said:
Liquidity is being withdrawn, with the Fed trapped by inflation. If there has been a time in the last 14 years when a genuine bear market is possible in the indices, this is it.
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Zero chance of a bear market this year for reasons already posted numerous times.
 
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