THREE CYBER "M" & FIBS WARNING OF MARKET SELL, PART 3: PSQ
IF YOU READ PARTS ONE AND TWO YOU WILL BE FAMILIAR WITH THE FOLLOWING ANALYSIS.
I BELIEVE THE STOCK MARKET IS SETTING UP FOR A SEVERE DECLINE.
I wanted to look at the S&P 500 , DOW-30, and QQQ to study Fibonacci time cycles and also to see if there were any signals.
I found versions of cyber patterns on all three, only, if PSQ is , the market would be in a sell-off.
At Fib Start there was an impulse leg low. At Fib 1 there was a phase energy reversal and nearly an impulse leg end.
Fib time cycle 2 was an impulse leg top and a major "C" to "D" reversal.
Fibonacci time cycle 3 is the cyber completion of a formation, and look at the phase energy bars (top).
The phase energy has been building to a positive zero-line cross over (long red arrow). IN FACT, IT HAS CROSSED.
This would most likely mean a CONTINUED market decline, AN EXTENSION OF THE TECH-WRECK.
I find it fascinating that the S&P 500 , DOW-30, and QQQ are almost in lock step, both in price and time. To be long the market is very risky.
As I said last week, it's like buying hamburger at $95 per pound.
I will close with a quote from Sophie Tucker:
"From birth to age 18, a girl needs good parents, from 18 to 35 she needs good looks, from 35 to 55 she needs a good personality, and from 55 on she needs cash."
The market is over-valued. Be careful. I hope this has been helpful, entertaining, and informative. May all of your trades go well. Don.