• 306 days Will The ECB Continue To Hike Rates?
  • 306 days Forbes: Aramco Remains Largest Company In The Middle East
  • 308 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 708 days Could Crypto Overtake Traditional Investment?
  • 712 days Americans Still Quitting Jobs At Record Pace
  • 714 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 717 days Is The Dollar Too Strong?
  • 718 days Big Tech Disappoints Investors on Earnings Calls
  • 719 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 720 days China Is Quietly Trying To Distance Itself From Russia
  • 721 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 724 days Crypto Investors Won Big In 2021
  • 725 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 726 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 728 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 728 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 731 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 732 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 732 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 734 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