MQP IVOR #001-5 MOMENTUM CHANNEL CHEAT SHEET
SUMMARY - Please like for support. We are here, this is the time. I have very strong conviction this should hit box for box to 12/29. This is the culmination of my life's work insofar. May this post help as many as possible in the next 30 days, so help me god.
DETAILS - Please read #001-1 to #001-4 for background. Links are below. As I said in last post, I held off publishing this one to not jinx the U.S. close. That said, since we did not get a lower low on Friday, the strong expectation is 1960 by 12/19 (this is a Sunday). Why 12/19? Because 12/17 is a little bit too fast, and 12/20 is too slow in this case. Plus, if you are into moon cycles, half moon is 12/18 or 12/19. My instincts say it's going to be 12/17 but I have more conviction with 12/19 due to muscle memory. Further more, I have strong conviction we break 1875, maybe 1885 by 12/10 close (next Friday). There are 3 event markers left. After double checking CPI/PPI dates, I realized I had them wrong by a day or two in reverse order. So 12/10 is CPI, 12/14 is PPI, 12/15 is FOMC, 12/29 is tidal influence peak, and 01/04 is new moon. I have been stating for 4 weeks that the target is 2070-2140 from 12/29 to 01/03. My target right now is 2040 high on 12/29, I can not forecast 12/29-01/03 price action with any conviction right now. From right this second, the exit for all longs is 12/29.
STRATEGY - Please don't try to short this move, it's going to get ridiculous after 12/09. Personally, I own various GLD calls roughly striking around $1800 spot or GLD 168 expiring 12/31/21, 02/18/22, and 6/18/22.
DETAILS - Please read #001-1 to #001-4 for background. Links are below. As I said in last post, I held off publishing this one to not jinx the U.S. close. That said, since we did not get a lower low on Friday, the strong expectation is 1960 by 12/19 (this is a Sunday). Why 12/19? Because 12/17 is a little bit too fast, and 12/20 is too slow in this case. Plus, if you are into moon cycles, half moon is 12/18 or 12/19. My instincts say it's going to be 12/17 but I have more conviction with 12/19 due to muscle memory. Further more, I have strong conviction we break 1875, maybe 1885 by 12/10 close (next Friday). There are 3 event markers left. After double checking CPI/PPI dates, I realized I had them wrong by a day or two in reverse order. So 12/10 is CPI, 12/14 is PPI, 12/15 is FOMC, 12/29 is tidal influence peak, and 01/04 is new moon. I have been stating for 4 weeks that the target is 2070-2140 from 12/29 to 01/03. My target right now is 2040 high on 12/29, I can not forecast 12/29-01/03 price action with any conviction right now. From right this second, the exit for all longs is 12/29.
STRATEGY - Please don't try to short this move, it's going to get ridiculous after 12/09. Personally, I own various GLD calls roughly striking around $1800 spot or GLD 168 expiring 12/31/21, 02/18/22, and 6/18/22.
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SAT 1PM. HOLD ON A SECOND, CRYPTO MADNESS HAD ME LOOKING AT CROSS ASSET VOLATILITY. I DON'T LIKE WHAT I SEE. THIS IS ON HOLD UNTIL 12/09.
In any case, it should be 1800+/-10 right on 12/09. I need to see the IVO structure for SPX and oil.
In any case, it should be 1800+/-10 right on 12/09. I need to see the IVO structure for SPX and oil.
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SAT 1:50 PM, I'M JUST NOT SURE ANYMORE, CALLING THIS OFF UNTIL FURTHER NOTICE.
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SAT 7PM. HERE ARE THE PROBLEMS:
1) SPX HAS NOT BOTTOMED, WITH 42XX EXPOSED RIGHT NOW.
2) BITCOIN DESPITE TAIL AT 42K, HAS NOT BOTTOMED. IT LOOKS TERRIBLE AS HELL.
3) OIL MAY HAVE HIT SUPPORT, BUT NO WHERE NEAR A SURE THING.
4. IN THIS ENVIRONMENT THERE IS ONE MORE OUTCOME THAT SHOULD BE CONSIDERED.
5. ZIG ZAG TO JAN FOMC 1/26 WITH CEILING AND FLOOR AT 1818 AND 1763, FOLLOWED BY AN 600 PT STRAIGHT UP MOVE.
All I can say right now.
1) SPX HAS NOT BOTTOMED, WITH 42XX EXPOSED RIGHT NOW.
2) BITCOIN DESPITE TAIL AT 42K, HAS NOT BOTTOMED. IT LOOKS TERRIBLE AS HELL.
3) OIL MAY HAVE HIT SUPPORT, BUT NO WHERE NEAR A SURE THING.
4. IN THIS ENVIRONMENT THERE IS ONE MORE OUTCOME THAT SHOULD BE CONSIDERED.
5. ZIG ZAG TO JAN FOMC 1/26 WITH CEILING AND FLOOR AT 1818 AND 1763, FOLLOWED BY AN 600 PT STRAIGHT UP MOVE.
All I can say right now.
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SAT 11:30 PM ET. HERE'S WHAT I KNOW NOW.
1. This post's forecast is good until 12/09.
2. 12/10 price action determines if we get the explosion now or a final delay until 01/26. (January FOMC).
3. I cant expect gold to break up with SPX in this much danger right now.
1. This post's forecast is good until 12/09.
2. 12/10 price action determines if we get the explosion now or a final delay until 01/26. (January FOMC).
3. I cant expect gold to break up with SPX in this much danger right now.
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SUN 1:30 PM.
4. I can confirm now that 12/10 high is decisive factor for this forecast.
5. For this to be valid, we need an 1879+ high by end of Friday 12/10.
6. Adjusted for cross asset vol, I can only see 1850s.
7. So lets see next Friday close before confirming rest of way.
4. I can confirm now that 12/10 high is decisive factor for this forecast.
5. For this to be valid, we need an 1879+ high by end of Friday 12/10.
6. Adjusted for cross asset vol, I can only see 1850s.
7. So lets see next Friday close before confirming rest of way.
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SUN 2:30 PM
8. I can elimate 1763-1818 SIDEWAYS outcome, whats troubling me is the SPX weakness that runs to 01/26. This seem to imply an 1880 celing for 12/15 to 01/26.
9. This would imply that gold hits 1850s for CPI, 1880s for PPI, BUT RUG PULL AND BOUNCE AFTER FOMC. If we fail to hit 1879 end of 12/10, I will publish chart for that.
10. Lets take it week by week with this.
8. I can elimate 1763-1818 SIDEWAYS outcome, whats troubling me is the SPX weakness that runs to 01/26. This seem to imply an 1880 celing for 12/15 to 01/26.
9. This would imply that gold hits 1850s for CPI, 1880s for PPI, BUT RUG PULL AND BOUNCE AFTER FOMC. If we fail to hit 1879 end of 12/10, I will publish chart for that.
10. Lets take it week by week with this.
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There is one scenario in which we hit 1870s on 12/07 to 12/09 BEFORE CPI ON 12/10. In this case, the zig zag from 12/09 to 12/15 would be wider and deeper. Right now, that move is a big dog to to this one. Hence, if we do get there early, sell it and wait.