I agree with gold. Separately, our last sequence of 3-5 and 5% plus corrections is one of those that requires another 3% plus correction that does not exceed 20% followed by a new closing high. Can we draw such a scenario?
OK. Hmm. I see. Aw hell.
Bryan has brought this up before. In the long-term history of important tops, there is always a sequence of new highs and lows just before the final top. In his analysis, we still need another trick drop before "the pop" here.
What to do?
And I still would like to see a terminal pattern. And still make use of the turn dates and broader structure of at least the larger (green-numbered) 3PDH.
So let us propose a megaphone, a classic broadening top. In Bulkowski we trust. The big 10/9 turn window then pencils out as a top for us, at about SPX 2026. And we still get our touch of the 200 DMA, just before September FOMC.
Congratulations, Bryan, on following a blog with traffic so comically low that you can still get custom chartwork done for you on a Sunday afternoon.
|SPX 08-31 1Y Bryan megaphone(?) scenario|
The Goodwills I visited this morning were positively barren, I tell you, stripped and looted of anything of value. I won't even bother with the big one in Rainer Valley again.