• 702 days Will The ECB Continue To Hike Rates?
  • 703 days Forbes: Aramco Remains Largest Company In The Middle East
  • 704 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,104 days Could Crypto Overtake Traditional Investment?
  • 1,109 days Americans Still Quitting Jobs At Record Pace
  • 1,111 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,114 days Is The Dollar Too Strong?
  • 1,114 days Big Tech Disappoints Investors on Earnings Calls
  • 1,115 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,117 days China Is Quietly Trying To Distance Itself From Russia
  • 1,117 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,121 days Crypto Investors Won Big In 2021
  • 1,121 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,122 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,124 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,125 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,128 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,129 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,129 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,131 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

A Blow-off Top Is Coming

As random as their movements may seem on an hourly basis - the market's structure has a message inscribed. They are never random walks - but machinations intended to reward the few at the expense of the majority.

I believe the equity markets are about to audible on those of us anticipating the next shoe to drop in the sovereign debt crisis. What is interesting from the perspective of balance, price structure and momentum, is the market has been trading very similar to the early Spring tape when a certain esteemed economist capitulated practically at the top of the market.

Over the coming sessions, I expect the SPX to find a low ~ 1212 before changing into the jolly old St. Nick - just in time for Christmas. From the perspective of balance, it's seems fitting that this stage of the crisis would be bookended by a similar blow-off move. The market's structure and momentum as expressed in the stochastic indicators exhibits a strong congruency to this Spring.

SPX Blowoff Top

SPX Blowoff Top 2012

 

Back to homepage

Leave a comment

Leave a comment