NOVEMBER ELLIOTT WAVE: CONSOLIDATION HEADING TOWARDS “MINSKY PARABOLIC” SUPPORT LEVEL

NOVEMBER ELLIOTT WAVE: CONSOLIDATION HEADING TOWARDS "MINSKY PARABOLIC" SUPPORT LEVEL

IMPORTANT NOTE:  WE NEED TO FACTOR IN THE GOVERNMENT'S CONTINUED USE OF FINANCIAL REPRESSION POLICIES & A LIKELY "MINSKY MELT-UP"   

BIG PICTURE - LONG TERM VIEW

• We are in the early stages of a "Minsky Melt-Up",
• Minsky Melt-Up ends just after the next US Presidential Election,
  • Suggest you read: WASHINGTON'S PLAN TO AVOID AN OUT OF CONTROL US DEBT PROBLEM
  • Additionally: CENTRAL BANKS ENRICH A SELECT FEW AT THE EXPENSE OF MANY
• Melt-Up began going parabolic with the US election of Donald Trump & his Fiscal & Tax Policies,
• Notice how long the recovery from a Fiat Currency Collapse / Re-Allignment will take the Global Economy from an Elliott Wave Count perspective (bottom right corner marked "IV")

INTERMEDIATE TERM

TWO MONTHS AGO WE SAID:

• "We are presently looking for a corrective consolidation back to the S&P 500 200 DMA" -- This has been achieved,
• The consolidation is not over until we find support on the "Minsky Parabolic" shown in white below,
• The Parabolic pattern (in white) currently approximates the 200 DMA but is not an exact overlay. The white line is slightly lower.

• We have reached the MATASII HPTZ (top right) which we have had in since prior to the last consolidation.
• Our proprietary MATA Momentum signal turned at precisely the right time giving us further assurance of the timing of the consolidation