$S&P;500; continues to sink, few days back I posted, if S&P has to rally then it must hold 3860-3880 initially it held! Even gave a bounce till 4,120 but today, it is breaking those support levels!”
Technically on TIME parameters it still needs a Lower Low next week
Which won’t be a big deal, U.S. MARKETS, are going in a shape, where everything could go crazy
This would conform once CBOE VIX prints 33, which should happen going forward!”
There are plenty of DEVIATIONS in U.S.MARKETS which will be resolved
In short term markets can behave strangely
But structure continues to point towards 3,260 in few weeks
Going forward if S&P,cash, prints 3,765 that would open Target of 3,565 in short-term!”
NIFTY UPDATE
NIFTY making things clear now
Now we have all reasons to go short on every rise for Targets of 17,410 and 17,166 on spot
The moment when NIFTY broke 17,771 setup got absolutely clear, yes we still need a close below it
But ideally we should get that!”
On 2nd,september I shared (TIME CYCLE DATES for SEPTEMBER), Todays date 16th,september was shared as (TIME SQUARING DATE)
For markets to turn lower todays swing on downside was required
Another point which I shared was on weeks front!”
This week was (HARMONIC WEEK) so high of this week would be critical
Now next week is a PATTERN WEEK
And as per rules of HARMONIC THEORY a lower low next week, would confirm bearish TIME on weekly TIME/FRAME! Till next PATTERN week which would be in Early November!”
All these TIME FACTS I shared on 2nd,september, there is a process to calculate these dates
As far as setup is concerned, few things have happened, we are still waiting for few things to happen
Respect risk
Rest life would be easy!”
NIFTY and General Market Update
NIFTY BANK printed fresh highs Today
We should really celebrate this
But this really changes things for Good? I guess I don’t have to type my answer again
Until and unless, NSE opens up terminals on (MARS) or any other planet!”
Because there are certain CYCLES which are allotted to each and everything which moves in MOTION, FINANCIAL MARKETS are just a Tiny Part of entire COSMOS!well this is for INVESTORS, SHORT-TERM trading is A different game
Not to participate on upside is individuals choice, but to go short without proper setup won’t be ideal.we cannot short market anywhere to take shorts few rules has to be looked
Which I have been posting regularly!”
The first and most important rule is to wait for INDICES and STOCKS to close below Yesterdays low! If you don’t see this happening then avoid doing anything! There was time in previous week where we went long on NIFTY, Based on our rules!”
This week we don’t have that clarity
Something is going on, with price
But don’t anticipate anything, let market make the first move! There would be multiple opportunities going forward in STOCKS as well
But for now hold on!”
NIFTY UPDATE
NIFTY passed yesterday’s high
NIFTY BANK near all time highs
Global markets moving south still INDIAN MARKETS keeps on going higher
And the BUBBLE keeps on building!”
Only 1 point matters
That’s todays low! Nothing would make sense until INDICES and STOCKS close below todays low! Market would go here&there till the point, it manages to close above todays low!”
NIFTY UPDATE
NIFTY was completing something yesterday around 18,060
I highlighted that, we are done
But if you do not agree then 17,820 are your stops! Market have stopped you out this morning
Going forward todays low would be critical! Made during the day!”
Today also being a VIBRATION DATE, Such volatile moves are normal
NIFTY finally showing signs of exxosion, positionally 18,200 should be the upper limit
And gradually we should move towards 17,400 within couple of weeks!”
Things would entirely get conformed once NIFTY and other INDICES start to sustain below todays low! Beyond short-term, ups&downs there are some pending objectives which are yet to be fully filled
14,400 is,was,and will be a pending target for this BEAR MARKET
Oh sorry COMPLEX BEAR MARKET!”
With or without new highs, the fact that this is not a BULL MARKET, Would continue to persist
October 2021 highs for NIFTY is just a number
Earlier stocks like RELIANCE have broke 2021 highs, then what happened we all have witnessed that
So new highs cannot turn TIME CYCLES!”
INDIAN MARKETS are forming some sort of BUBBLE which would hit investors very hard
If you get stuck with ICICI BANK at 900 SBI at 550 then you only have yourself to blame! Already investors are stuck with RELIANCE at 2850
Don’t fall for this narrative of new highs
That won’t hit advisors, it only will hit you as INVESTORS!
NIFTY UPDATE
NIFTY striking 18,100, which was logical target which was shared in previous week
The job is done here as per me
But if you do not agree then your trailing stop is at 17,820 on spot
As per patterns!”
Tom is another critical date
If markets have to turn down then they must sustain and close below tomorrow’s low
And that have to be watched from thursday
The majority of long trades are done here!”
MARKET UPDATE
MARKETS would enter very tricky zone in TIME CYCLES, from next week
Because not only DAILY but WEEKLY CYCLES also would complete very Important HARMONIC ROTATION! Impact would be seen across all FINANCIAL MARKETS! That’s why I posted few days back, that everything would be on edge from 12th,september!”
Need to be carefull if you over trade, because volatility could increase
Not only next week,the week after that also would be important
Already shared dates earlier! 1 thing is certain, next 2,weeks won’t be as boring as last 2,weeks!”
For NIFTY something is incomplete with august high of 17,992 that’s what market is trying to tell us! NIFTY certainly would play out very dangerous pattern if it travels above 18,000 but if market wants to do that, then we have to take it objectively!”
Tactically we still have no price consent to go short aggressively! So there is a long trade as long as NIFTY spot stays above, 17,550! Shared Target of 18,100 yesterday which remains a good possibility till 14th,september! Would be very interesting only point is need to manage risk wisely!”
There are plenty of DEVIATIONS between PRICE and TIME! At one point they will resolve! When market starts to resolve all CYCLE DEVIATIONS there would be no place to HIDE! But until this actually happens, we have to be very carefull
And have to wait peacefully!”
NIFTY UPDATE
NIFTY coming out of annoying consolidation
Through out last few days NIFTY managed to protect 17,400 which was the most critical level! Highlighted this level several times in last few days!”
There wasn’t tactical short trade above 17,400
So what’s possible then? Assuming that NIFTY will close above 17,765, then it would trigger a breakout on TIME, which can take NIFTY above 18,100 on spot, till 14th,september!”
For this upmove 17,550 would hold the key
This perhaps should be the final move on upside which possibly would end under January highs! Would take it in real time
Would focus only on INDEX for this move
Because I have different assessment for future!”
DXY UPDATE
DXY holdedhttps://ganntradersaahil.wordpress.com/2022/08/23/dxy-view-2/ 107, and printed 110.50 as expected! Needs some consolidation here. Else next stop is at 112. The rally in DXY is disturbing setups of precious metals!”
More DXY stays above 110, more possibility persists for printing 112 within 2,weeks
All developed markets have negatively co-related with this upside of DXY
Historically such strong $ has resulted in unwarranted catastrophi economically!”
Let’s see what happens this time
DXY is nowhere near done for long term, short-term it can go side-ways
And for long term, I mean few years, not months
Intresting, very interesting times ahead for markets and economies!”
NASDAQ UPDATE
NASDAQ was showing early signs of reversal on 9th,august
12,855 was a critical level, but market made 1,more high above that before turning down
On post dated 9th,august,2022 I shared view of multi-pattern breakdown below 12,280-12,080 zone!”
1 month down the line things have changed
People were ultra-bullish when 13,000 was taken out on NASDAQ
But reality is on our screens today
There is only 1 thing constant in universe, that’s (TIME CYCLES)!”
NASDAQ have striked down 11,550 the level which was discussed as potential target below 12,280-12,080 zone next target is 10,800 but would take time!”
If NASDAQ starts sustaining below 11,400 then it would signal extreme weakness in near term
For slightly medium to long term I have nasty projections
But for now let’s take it step by step!”
