$S&P;500; is taking excessive TIME to go down, now this can result in deviation in SHORT-TERM and MEDIUM-TERM CYCLES, which Technically means more upside, or a deeper pullback in Coming days!
Possibly it can extend till 4,077 to 4,150 on (S&P) cash! To negate this deviation S&P,500, must break 3,647, if it doesn’t then it can go higher first, before going lower!
The deviation if happens will impact only the short term, nothing will change for MEDIUM-TERM! 3,260 is yet to achieve, will take more TIME but certainly will go there, and even over shoot it on downside!
Earlier we expected MARKETS to turn down sharply, after 19th,OCTOBER, since that’s not happening we need to consider alternate sinario! TIME wise all the upside may end till mid NOVEMBER! Nothing beyond that, let’s see, 3,647 holds the key!

NIFTY; the plan was straight forward! No shorts as long as 17,400 holds! That has been the view since last week! MARKET is at a resistance, but better not to anticipate that it is Turning!
Let it turn first, then only I prefer to short! As I posted earlier, I am not in a hurry to call a top! Nothing has changed yet, on CYCLES!
There is no point repeating same points again, but to short, we need to wait for now! We traded this pullback till 17,600 not interested to stay long above that, no matter where it ends, either it ends at 18,000 or 18,200 doesn’t really matter!
We would figure out the (PRICE and TIME) setup, using short term CYCLES going forward! For now let MARKET consolidate here, Today also is a (VIBRATION DATE)!

U.S. MARKETS, have their MONTHLY OPTIONS EXPIRY today! Plenty of shorts would be out of system when markets rings closing bell! It has been very destructive series their!what we want to see in next series is, will prices colaps immediately or they pull;back further before turning lower!
No point talking about levels, because PATTERN POINTS are way higher then current levels! Only thing to focus is, whether PRICES sustain below the low of 19th,OCTOBER, so far they are not! So until they sustains below 19th,OCT low, this pullback can stretch further!
There is no bullish case, only point is where we turn BEARISH! Let market say that! 3260 is still pending on $S&P;500; It has to go there, better to wait until few things fall in place!
25,OCTOBER next critical date!

NIFTY: is still moving around OCTOBER,19th high! Since we are looking for reversal, 1st important signal which is required is a daily close below 17,472 which was the low of (TIME;SQUARING;DATE), need to wait, until that happens!
No short trade till then! On PRICE front, supports have moved higher to 17,400 from 17,200 on spot! As posted on wednesday there is no hurry to go short! Let market turn, because when it will turn there will be a TRADE for the quarter!
U.S. MARKET is at a make or break point today! TIME WISE it also have to make a strong move either today, or on 25th,OCTOBER! Don’t want to say much about that, only thing will say is, be prepared for all probabilities! Eliminate the word (SURPRISE) for few days!
There are no doubts that MARKETS will not go down! Only point is, in short term there are not enough indications to go short! I am not in a hurry to call a top! Will like to wait until 17,400 breaks!
Few Trading Holidays next week, so majority of action will happen with (GAPS), will end it here with festival greetings to everyone! Plenty to look for, from next week!

USD-INR, have achieved the projected Target of 83! Which was shared on 29th,AUGUST! NEXT Target is 85, which also should come! But the intresting part is, there is still plenty to do in long term!
Whether that’s 91 or 97, that we would figure out going forward! 85 is a level: where it should go for consolidation for few weeks, or couple of months! Because around 85, (USD-INR) will complete 1 rotation!
This really has been a TRADE of the YEAR! From 75 to 83, it has been an easy long trade! Which is still going on! It will continue to pause at some point, but eventually will continue to inch higher! No case for reversal!
Coming to (DXY) now: it has been under some consolidation, which was needed, but now its TIME that (DXY) also breaks it’s high of 114.78 and move higher towards 116-117! In near term! Which will have not so good implications!
I posted this earlier as well, the manner in which DXY is moving higher it certainly will re-shape FINANCIAL MARKETS! Something is certainly about to break, not sure what? This CYCLE also is finding its VICTIM! Let’s see, what happens!

NIFTY, printed 17,600 the level we thought best on last Friday! 17,450-17,600 was a perfect zone to project the pullback area! Now when we have done that, focus will shift to, where this pullback actually ends! And once it ends, there would be an easy short trade!
But will wait for conformation! I will come out of my longs, but will not go short yet! Not in FUTURES atleast! And when the conformation will come?
That will come when, market closes below todays low! That we will see, going forward! I mentioned this in past! That this is just a bounce, nothing beyond that! There is no case for mean reversion!
Whenever markets recover from lows, traders get very exited! The joy moves around like we have achieved something! Markets will go up and down, better to trade them tactically! We are in a (BEAR MARKET) for global equities! And that’s a fact!
You may argue that INDIA has not fallen substantially. But it doesn’t mean that, downside risk has gone away! We still have plenty to do on downside! I have put minimum projections of 14,400 on (NIFTY)!
Which is still pending!
Frankly I wait for markets to go up! To remind these points again! I don’t like to put these things at 16,900! For those TIME STUDENTS searching for answer, why NIFTY is holding well!
Go and check BEAR MARKET of 1972-1973 for DOW! You will find something simillar! Others can hope for 22,000 for NIFTY SOON! For next major short trade, let’s wait for market to fulfill few required criteria!

NIFTY: completed minimum pull;back target of 17,450 on spot! Going forward supports have shifted higher to 17,200! On TIME FRONT tomorrows low would be very critical for rest of the month! Not only for (INDIA) but for (U.S. MARKETS) as well!
I have been expecting a bounce before a sharp turn lower and MARKETS have done that! From here would look for reversal signs! Before adding shorts! There was a LONG Trade at 17,100 and that have played out well!
At 17,500 we are much higher then where we were yesterday morning! So those profits should be protected! NIFTY have very strong resistance at 17,600-17,800, this has to be watched very closely! It co-insides with HEXAGON and CHANNEL resistance!
Will wait for markets to turn before fresh shorts! Tomorrows low holds the key!

NIFTY: had everything on FRIDAY to go through its resistance of 17,450! But it failed to do that. Since the start of this month, NIFTY is Trading sideways in well defined range!
We discussed on TIME earlier! (why 19th,OCTOBER is a critical date), today let’s focus on PRICE! There are few PATTERNS which are used in Trending Markets, and there are few PATTERNS which are used in SIDE-WAYS MARKETZ!
In SIDE-WAYS MARKET we use (SQUARING PATTERN), which for (NIFTY) is Trending down! But not expanding! This PATTERN will expand once NIFTY will close below 16,817 on spot!
Break away point for this PATTERN is 17,341 on closing basis! So until we get a closing either sides, there is no trend in short term! Before that if NIFTY breaks 16,897 it will eliminate all pull back possiblity!
TIME will take its TIME to complete its rotation! But before that if NIFTY breaks 16,897 then PRICE will give BREAK DOWN before TIME! But as long as 16,897 holds we still have space to travel till 17,600!
Why 16,897 is important? Geometrically that’s 1×1 angle from the top! Which is very important! Broadly I still hold my bearish view but in short term, would wait until PATTERN get clear!

NIFTY playing out the preferred sinario of: (A bounce before a sharp turn lower). Since last 3,days I had been elerting on a possible bounce which would only occur, to calm things down, specially in U.S. MARKETS!
The reason was extreme positioning and few note;worthy (DIVERSIONS) which always provides early signals! I explained this 2,days back, can go through that, if you observe markets closely then, you must have noted that!!
In the end of SEPTEMBER the new low in (DJI&S&P) was not confirmed by (NASDAQ), Hens MARKETS rallied in early OCTOBER! Simillar thing happened in this week! So a pullback was due, and that’s happening, better not to read anything beyond then that!
Another intresting thing happened with $S&P;500; Yesterday, yesterday with it’s open, S&P: broke it’s all important level of 3,507, with a flash! Now along with (TIME) (PRICE) Geometry have also given a BREAKDOWN!Will expect test off 3,260 in coming days!
Many would feel that the upmove yesterday have confirmed the BOTTOM but if we analyse TIME, that’s not the case! Yes the upside was sharp, but it changes nothing, with respect to overall structure!
If you really think yesterdays move was extra-ordinary then you are not aware on BEAR MARKET Declines, this is just a beginning of: Ultra-voletile times ahead! We will have many such sessions in coming days! To cut it short,
It’s not possible to make CYCLE BOTTOM when CBOE VIX is just 32! Never happened in past! And will never happen in future as well! Thrilling TIMES ahead for TRADERS, Coming back to (NIFTY), now!
First on (TIME) The major date from here is 19th, for all markets! Particularly the LOW of 19th,OCTOBER, would be very critical! Once market sustains below low of 19th, there would be no stopping!
Not only 19th, 17th, and 18th,OCTOBER, are also TIME CYCLE DATES! Shared these dates on 3rd,OCTOBER, on price front would be watching for 17,450-17,600 on upside! Wait for market to turn before fresh shorts! And manage volatility wisely!

NIFTY; preferred sinario Is still a bounce before a down turn! But what if, bounce does not comes? Then cut-off point is 16,747 on spot! The larger trade is still to short but on rallies, risk-reward not favourable here!
It would be appropriate if market turns lower, after 19th,october, but market would do what they want to do! Let’s see, volatile times ahead! Tomorrow would be intresting!