Home   Links   Editorials

US Stk Mkt: A Tidal Wave Of Doom

captainewave
email: admin@captainewave.com
website: www.captainewave.com

Feb 16, 2022

S&P500: 



Long Term Update:

It looks like our ending diagonal triangle formation ended a failure high at 4748.83, and wave V is now complete at the high.
 
Our “Armageddon Support Line” has broken and the SP500 looks to be heading into a multi-year bear market.
 
Within this current drop we likely completed wave (i) at the 4222.62 low and likely all of wave -ii- at the 4590.03 high.

We should now be falling in wave -iii- which has the following initial projected endpoint:
 
-iii- = 1.618-i- = 3737.45.
 
We are not day traders. We sold out of gold and silver in 2012, re-entered in 2014-2015, and have remained long and strong. We are now heavily short the stock market, using call options as our stops.

The call options provide immense protection in case there is one final pop higher, but we believe the top is in.



Short Term Update:

We are now working on the assumption that our wave (v) ending diagonal triangle is complete at the failure high of 4748.87. Our only concern with this analysis is that we had a “failure high”.



As you can see on our 120 Min SP500 Chart it looks like all of wave (i) ended at the 4222.62. It appears that wave (ii) has become more complex, but it appears to now be complete at the 4588.92 high.

After wave (ii) ends we still expect another big drop in wave (iii). We will provide an updated projection for the end of wave (iii), when we believe all of wave (ii) is complete.
 
The volatility should continue!  
                                                                                       
Trading Recommendation: Go short, using call options for stops.
                                                                                   
Active Positions: Heavily Short, with call options for stops!

Price Sale: Our subscriptions are $289 for 3 months, which is good value. For gold community readers, we have a special $229 price for 3 months, good through this week. If you want to do it, send us an Email and we’ll get you a payment link. Thanks!


Gold:

Long Term Update:

All of wave -iii- ended at the 2089.20 high.

Our current preferred count is still suggesting that our lengthy wave -iv- bullish triangle is still underway.
 
Within our wave -iv- triangle all of wave .d. ended at the 1879.50 high. We continue to work on wave .e., which we unfortunately still believe is NOT complete at the 1753.00 low.

The Ukraine situation could change the count, but our counts are never influenced by anything but the chart itself, so for now… the preferred count stays as preferred.

Within wave .e., wave ^a^ ended at 1753.00, and it looks like wave ^b^ is still underway, although it could now be complete at the 1867.40 high.

After wave ^b^ ends we still expect one more drop in wave ^c^ back to the at least the wave ^a^ low of 1753.00, to complete all of wave .e. and -iv-. We do have another projection for the end of wave ^c^ at:
 
^c^ = ^a^ = 1727.70.
 
For this current analysis to remain valid we cannot trade above the wave .d. high of 1879.50.

If that happens our bullish triangle maybe expanding and extending or one of our alternate counts will come into play.

Our retracement levels for all of wave -iv- are:
 
23.6% = 1871.60;
38.2% = 1737.00.
 
After wave -iv- ends we expect a very sharp thrust higher wave -v-, which should take gold to all time new highs. THE GOOD NEWS:
 
Our alternate counts still remain in play as follows:
 
Alternate Count 1, in red on our Weekly Gold Chart, is that all of wave -iv- ended at the 1675.90 low, and in this case we are now rallying in wave *i* of -v-.  

Alternate Count 2, in purple on our Weekly Gold Chart, would be that all of our wave -iv- bullish triangle has ended at the 1721.10 low.                       

Short Term Update: 

A rally above the 1919.20 high would confirm that all of our bearish triangle actually ended at the 1721.10 low, which is our alternate count as noted below.
 
After wave ^c^, .e. and -iv- end we can expect a huge thrust higher in wave -v-, which will take gold to all time new highs.
 
Another plausible possibility is that all of wave .d. ended at 1836.90 and all of wave .e. at 1721.10.

This would mean that all of wave -iv- is complete and that the next rally in gold will be a substantial thrust higher in wave -v!
 
Trading Recommendation: Go long gold. Use puts as stops.  

Active Positions: Long gold, with puts as stops! 

Free Offer For 321Gold Readers: Please send me an Email to admin@captainewave.com and I’ll send you our free “Bonds & The Dollar: Markets Of Doom” report. As a bonus, I also include 2 hot junior miners that we are buying for our Ewave Juniors Portfolio!

###

Feb 16, 2022
captainewave & Crew!
email: admin@captainewave.com
website: www.captainewave.com

Risk: captainewave.com is an impersonal advisory service and, therefore, no consideration can or is made toward your financial circumstances. All material presented within captainewave.com is not to be regarded as investment advice, but for general informational purposes only. Trading stocks does involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of any trading you choose to undertake. You also agree to bear complete responsibility for your investment research and decisions and acknowledge that captainewave.com has not and will not make any specific recommendations or give advice to you or any of its clients upon which they should rely. captainewave.com suggests that the client/member test all information and trading methodologies provided at our site through paper trading or some other form of testing. captainewave.com, its owners, or its representatives are not registered as securities broker-dealers or investment advisors either with the U.S. securities and exchange commission or with any state securities regulatory authority. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest with or without seeking advice from such an advisor or entity, then any consequences resulting from your investments are your sole responsibility.

All information posted is believed to come from reliable sources. captainewave.com does not warrant the accuracy, correctness, or completeness of information available from its service and, therefore, will not be liable for any loss incurred. Due to the electronic nature of the internet, the captainewave.com website, its e-mail & distribution services and any other such "alerts" could fail at any given time. captainewave.com will not be responsible for unavailability of use of its website, nor undelivered e-mails, or "alerts" due to internet bandwidth problems, equipment failure, or acts of god. captainewave.com does not warrant that the transmission of e-mails, or any "alert" will be uninterrupted or error-free. captainewave.com will not be liable for the acts or omissions of any third party with regards to captainewave.com delay or non-delivery of the captainewave.com nightly emails or "alerts". Further, we do not receive any form of payment or other compensation for publishing information, news, research or any other material concerning any securities on our site or publish any information on our site that is intended to affect or influence the value of securities.

There is no guarantee past performance will be indicative of future results. No assurance can be given that the recommendations of captainewave.com will be profitable or will not be subject to losses. All clients should understand that the results of a particular period will not necessarily be indicative of results in future periods. The results listed at this website are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated trades do not represent actual trading. Also, since the trades have not actually been executed, the results may have over or under compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. No independent party has audited the hypothetical performance contained at this website, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified hereafter. While the results presented at this website are based upon certain assumptions believed to reflect actual trading conditions, these assumptions may not include all variables that will affect, or have in the past affected, the execution of trades indicated by captainewave.com. The hypothetical results on this website are based on the assumption that the client buys and sells the positions at the open price of the stock. The simulation assumes purchase and sale prices believed to be attainable. In actual trading, prices received may or may not be the same as the assumed order prices.

321gold Ltd