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S&P Fireball
Chaos Clinic for 1/5/2024
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This chart shows the S&P 500 futures over the past four years.
It shows a most interesting picture.
2020 and 2021 of course, was the Covid pandemic. The initial
market reaction was a sharp drop, a panic. Then as governments
began pumping trillions into the world economy, the market rallied
sharply, rising 213 percent.
2022 saw a down fractal ending late in the year. The 36 day EXMA can
help one count the 7 moves. From there into the end of 2023 the S&P
rallied in another 7 moves to make a double top. The result is a
Fireball Top , a form of chaos theory strange attractor/strange
repellor. Prices are attracted toward the Fireball, then repelled from it.
A down move could be expected to make 7 swings in the 36 day EXMA.
Nothing is guaranteed, but this is a pattern to watch.
For more on my work and to subscribe to Tomorrow's Market Email Hotline and access to daytradingforecasts.com see
Moneytide.com
Software to plot electric field flux lines in NinjaTrader is available at
energyfieldtrading.com
1/5/2024 11:48:06 AM MT qq:: XTide2Plus updating again. Thanks.
1/5/2024 11:41:44 AM MT qq:: Al, if you come back, please restart the XTide2Plus chart that stopped. Thanks.
1/5/2024 10:45:23 AM MT Al****:: I'm done for the day; thanks for coming; see you next week. take some courses
1/5/2024 10:44:24 AM MT Al****:: I sold 52.25, covered 29.25 for +23
1/5/2024 10:38:49 AM MT Al****:: covered at yesterday's close because I have to leave now
note yellow level on esnat72
1/5/2024 10:11:49 AM MT Al****:: I did sell that double top on a swing trade because the longer term is down, it was a lower high than yesterday
1/5/2024 9:59:51 AM MT Al****:: posted a chart in the CCTRoom
1/5/2024 9:29:29 AM MT Al****:: on the SPKISS page: chart 4, note double top with pushballs at R2
chart 5 shows 440/2400 still down
1/5/2024 9:23:32 AM MT Al****:: note on the secret->esnat72 chart the move from green to green vibration, centered on the two vertical lines
there employment report rally may be over
1/5/2024 6:43:49 AM MT Al****:: Good Morning visitors. Welcome to the Chaos Clinic.
The written Chaos Clinic is on the AUX page.
This site has a lot of charts,
so you may find it useful to have several of them available within your
browser. If you have a tabbed browser, you can open separate charts
in separate tabs by right clicking on any link, and selecting "open in new tab"
from the menu. The main list of site pages is at
http://daytradingforecasts.com/chartlistsec.asp
Recommended pages to watch are SPKISS, MTRainbow, and Chat.
For astro stuff, add SPSunMoon, Wheel, and Chaos Clinic.
A special set of Dr. Al's research charts are on the Secret page.
Comments in the chat room are announced by a
"duck call" noise. This noise also occurs when the software detects a
resonant hex pattern on the Wheel page. MoonTide trading tutorials
are on the right side of the ListOfCharts page. One should
read Trading the MoonTide Tutorial and Keep it Simple as a minimum.
Many subscribers do not strictly trade the MoonTides, but use the charts on this
site as input to their own trading strategies. For example, charts 5 and 6 on the
SPKiss page are a good starting point for swing traders.
Also on this site is the Certified Chaos Trader's Room. That room is open
to graduates of my 4 main courses. See http://moneytide.com -> Courses for details.
1/5/2024 5:33:55 AM MT oag****:: Good morning everyone! Hope everyone has a prosperous day!
9:00 Eastern-System: No comments