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Fireball Top In The S&P
Chaos Clinic for 6/10/2022
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This 24 hour price chart (top) of the S&P futures over the past 14 trading days.
I recognized this top and posted it on daytrading forecasts at 8:47 Eastern 6/9/2022.
This was not easy, since the market had been in a narrow range for 7 trading days.
But I got some help from client BN, who asked me a question in the chat room on 6/8/2022.
The bottom chart shows 3 days of the "eight hour spliced" chart on daytrading forecasts.
On the 8th, this discussion prepared me for recognizing the Fireball top:
---------------------Chat Room Discussion 1 ---------------------------------------------
6/8/2022 10:53:10 AM ET bn:: Hello, we have a big move starting tomorrow according to
both Xtide2Plus and SP3XGO but in conflicting directions. Any opinions about which direction? Thanks
6/8/2022 10:57:45 AM ET Al****:: the past 6 days look like a congestion suggesting up
6/8/2022 11:17:02 AM ET Al****:: forecasts need to be tracked with EXMAs
chart 6 on SPKISS shows this week holding above the 12 day
6/8/2022 11:18:59 AM ET Al****:: today esnat72 says up with energy at end of day
6/8/2022 11:21:29 AM ET Al****:: today since Moon trines Mercury I'm watching the Mercury timeline on SPSunMoon
6/8/2022 12:04:18 AM ET Al****:: yesterday's low was on +Ph180 at 4077, add multiples of 45 to get others
4077+135 = ?
6/8/2022 12:28:37 AM ET Al****:: seems I can't talk it up :)
6/8/2022 12:33:08 AM ET Al****:: that Mercury timeline was a high
6/8/2022 12:41:19 AM ET Al****:: bn, I think the market just answered your question
6/8/2022 12:53:10 AM ET bn:: Thanks Al
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After recognizing the Fireball Top, it was a matter of trading it. The normal rainbow of 440, 220, 110, and 20 minute
EXMAs was working OK on the 9th, but near solar noon at 13:00 Eastern, prices popped up, confusing not only me but
client QQ. Here is the discussion from the chat room.
---------------------Chat Room Discussion 2 -----------------------------------------------------------
6/9/2022 1:22:41 PM ET qq:: Headed for Secret S&P ->esnat360horizontal white line with possible top?
6/9/2022 1:34:10 PM ET Al****:: a head fake - chart 3 on SPKISS shows trend down and a continuation sell
6/9/2022 2:12:22 PM ET qq:: Beware of CPI 8:30 AM ET Friday. Could be ugly
6/9/2022 2:26:11 PM ET Al****:: Moon T270 timeline could add some juice
6/9/2022 2:25:08 PM ET Al****:: it may be showing up today
6/9/2022 2:39:27 PM ET Al****:: daily chart IS ugly
6/9/2022 3:03:37 PM ET Al****:: note cyan cycle on Daniel chart has turned down
6/9/2022 3:07:16 PM ET Al****:: Fire Ball top looks confirmed - major move in progress
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Just before the first comment by qq, I was confused by the rally above the 110 minute EXMA. I realized I was
overly focused on my trading screen, so I took a break, left my basement office, went outside for a few minutes,
then sat down at my upstairs computer. I used my Face Of God tool, which at 1:12 told me that the rally
was temporary. A chaos "strange attractor" was about to become a "strange repellor." This knowledge of
what was really happening calmed my emotions, and I was able to return to my trading screen with a clear head.
The two FOG charts I used are in the CCT Room today, and will be recorded in a CCT video.
It is the nature of chaotic markets to go both ways at tipping points. It helps to have a good understanding of how
chaos works, and be prepared to "go with the flow." On 6/9/2022 it helped us to Cash In On Chaos.
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
6/10/2022 1:38:33 PM MT Robert****:: BTCUSD is going to see 25,400
6/10/2022 1:26:03 PM MT Robert****:: you got the bottom turn up, well done
6/10/2022 1:04:32 PM MT Al****:: stopped again for $100 - so am leaving
6/10/2022 1:01:57 PM MT Al****:: stop 3922
6/10/2022 1:01:07 PM MT Al****:: OK, couldn't leave bought 1 ES 3920
6/10/2022 12:45:32 PM MT Al****:: thanks for coming- have a great weekend-take some course
and GET THE NEW MTREADER
6/10/2022 12:44:00 PM MT Al****:: could still go higher is last hour on Moon
T270 time line, but I'm done
6/10/2022 12:41:49 PM MT Al****:: stopped for +9.5
6/10/2022 12:34:51 PM MT Al****:: now 36/220 crossing turns bars on many charts white (up)
6/10/2022 12:23:50 PM MT Al****:: stop to 3916
6/10/2022 12:22:57 PM MT Al****:: rally looking good now
6/10/2022 12:00:00 PM MT Al****:: stop is at 3906.5
6/10/2022 11:54:19 AM MT Al****:: and on the Chaos Clinic chart I saw the green swan up
6/10/2022 11:52:31 AM MT Al****:: this is still a two Moon day so I thought it might go Moon-Noon-Moon
6/10/2022 11:45:05 AM MT Al****:: also secret->esnat72 double bottom on green vibration
6/10/2022 11:43:19 AM MT Al****:: my own local version of SPKISS chart3
6/10/2022 11:37:12 AM MT Robert****:: thanks for sharing that AL, very helpful to know you are a buyer. Which chart are you looking at specifically for the buy.
6/10/2022 11:19:23 AM MT Al****:: switched to Sep contract and bought 3904.114
6/10/2022 11:15:07 AM MT Al****:: OK, too dull even for me - aborted for zero
6/10/2022 11:00:37 AM MT Al****:: passing solar noon
6/10/2022 10:32:46 AM MT Al****:: that FOG induce me to buy 1 June MES at 3901.864 , expecting more up energy at solar noon 13:00
6/10/2022 10:15:24 AM MT Al****:: I posted a Face of God chart in the CCT Room
6/10/2022 10:01:58 AM MT Al****:: turned up on Mercury time line -note little pink push balls
on chart 4 on SPKISS page
6/10/2022 9:45:38 AM MT Al****:: I'm not watching the news, just the rotating Earth moving the Exchange past Mercury
6/10/2022 9:34:04 AM MT Robert****:: should see 3870 and lower
6/10/2022 9:32:37 AM MT Robert****:: smart, we have institutional levels in this area the longs will try to buy on weakness but will get hurt with. The only news that will take the market up over the weekend will be end of war in Ukraine which is low probability. We go lower
6/10/2022 9:25:00 AM MT Al****:: that is a 45 degree move from the white level at the center of the Fireball top , on a wheel of 1800
6/10/2022 9:21:58 AM MT Al****:: that was enough for me to cover a small position from Wednesday
6/10/2022 9:20:29 AM MT Al****:: now note on Secret->esnat360 prices have reached the white vibration level
and that the 20 minute EXMA has made a little Bayer Egg of Columbus "tongue"
6/10/2022 9:13:16 AM MT bn:: I agree with Robert about Al and this website. Thanks Al for all of your notifications here yesterday and the day before
6/10/2022 8:56:12 AM MT Al****:: You are welcome bn. Your question was a big help, because it made me take a closer look at things. I only trade a small account, but I made about 10% of what Robert did.
6/10/2022 8:30:31 AM MT bn:: I agree with Robert about Al and this website. Thanks Al for all of your notifications here yesterday and the day before
6/10/2022 8:27:52 AM MT Robert****:: I was up $55,000 so I had to take some profit
6/10/2022 8:27:31 AM MT Robert****:: You are the best S&P Trader there is. Thank you
6/10/2022 8:25:33 AM MT Al****:: 3897 is +Ph000
6/10/2022 8:24:01 AM MT Al****:: You are welcome Robert - I appreciate good students
6/10/2022 8:15:48 AM MT Robert****:: thanks for your comments yesterday
6/10/2022 8:15:23 AM MT Robert****:: 151 points
6/10/2022 8:15:06 AM MT Robert****:: exiting short
6/10/2022 8:13:26 AM MT qq:: Definatly WAGing
6/10/2022 7:54:35 AM MT qq:: Or on T180? WA guessing
6/10/2022 7:47:33 AM MT qq:: Firming on the T135?
6/10/2022 7:38:29 AM MT Al****:: the Moon is square Pluto, and this is the T180 time line
6/10/2022 7:36:48 AM MT Al****:: this is a MoonTide trade tiem, but the move is too extended for any 20/110 crossing
6/10/2022 7:33:06 AM MT Al****:: I have noted several times the effect of helio Pluto
today Mercury conjoins Pluto helio
the price 3932 is +Ph045 and +Mh045
6/10/2022 6:45:01 AM MT Al****:: the CPI report mentioned by qq in the Chaos Clinic post just occurred
6/10/2022 6:39:59 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.
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