$SPY TOP 20

I did not see a single account showing that the market would reject here but us, these are projects we were showing since October too and so far our projections have played out.

Apart from the Semi sector, all charts are moving as expected and we have been extremely accurate with our charts.

I will not always get charts correct, especially when catalysts develop and there is nothing not I or anybody can do about that, you need to play the cards you are dealt when this happens

It is about getting back into your strategy and going again.

The money I lost with $NIO this year was immediately returned to me in profit from $ETH within 6 weeks, we have the ability to find stocks that give us opportunities with low risk and that is what we will continue to do here.

Back to the chart, $SPY cut through the 50 Day MA this week after an avalanche of negative catalysts which I have covered at length here before, there was not only one influence but a combination of many and Wave 5 was looking complete.

Big earnings will be out this week and I believe they will offer some relief to the market and I would like to see a retest of the 50 Day MA from below, like what we saw on the $COST chart, a test and rejection at this level and we have confirmation that we are in Wave A.

Also a big test this week will be the blue line at $479 which was the previous ATH line, many believe this is a confluence level that could be held and even a higher high is made....I do not agree with that as there is a substantial amount of confirmations to show that this pull back is like nothing else we have seen since July '23.

RSI is at 30 now so the week could start off calm as we wait for the big hitters to report from Weds onwards and a lot will rest on their shoulders.

I am in 50% cash right now and 15% in $ETH, only 35% in stocks, I am in no rush to buy many stocks right now, only $PLTR and if for some reason $AMD turns this around. Otherwise I will focus solely on Safe Havens and I will let you all know what I am buying.

This correction has started very violently but I do expect it calm a bit soon and move over the next few months....that being said, if it continues at this pace, we could well have this correction wrapped up by the November elections.