On September 17, 2026 an interesting correlation between the NASDAQ 100 and Swiss Franc was reviewed. At that time the Swiss France/USD was 1.211. Today it hit 1.198. This declining trend indicates the NASDAQ is still expected to move lower. From the time the Swiss Franc starts to turn and move higher until the NASDAQ reaches a low is estimated to be approximately 3 months based on previous data.
Note that this information is for educational purposes only and not a recommendation.
The following is simple comparison of Oracle’s 1999 and 2025-2026 chart pattern. This is not, in any way a recommendation. It is simply a Deja Vu moment where Oracle Market Maker(s) appear to be repeating a chart and accumulation pattern. There are many pitfalls with this company, as noted below.
On August 26, 2026 it was noted that Oracle’s volume had taken on the characteristics of what has typically been seen as extremely large Market Maker accumulation activities. This is very similar to what occurred in 1999.
Grok provided the following summary: The sharp decline in 1999 was attributed to: – weaker-than-expected license revenue growth (database licenses ~+10% vs. expectations of 15–20%; applications ~+5% vs. ~20%), – a delay in shipping the Oracle 8i database – subsequent analyst downgrades – Y2K-related slowdowns in enterprise software purchases and – lingering concerns from prior soft results.
In 2025–2026, the stock declined to its current range due to: – Explosive capital expenditures for AI data centers producing large negative free cash flow and requiring heavy debt/equity financing – Heavy dependence on OpenAI contracts and skepticism about that customer’s ability to meet massive commitments amid its own revenue figures, ongoing losses, and “circular” AI deal dynamics. – Execution risks such as power/infrastructure delays at major sites, slower conversion of backlog into near-term revenue and profits, missed forecasts, and a broader shift in investor focus from growth backlog metrics to balance-sheet and cash-burn risks amid AI spending concerns.
Looking at this from a Market Maker’s perspective…..
When corporate insiders are selling, institutions and Market Makers are buying. The following shows their activity.
1,599 institutions decreased their positions
1,832 institutions increased their positions, including Vanguard, Blackrock, State Street, Morgan Stanley, etc. Note that Susquehanna International Group, and Citadel Advisors (both Market Makers) also increased their holdings. Caution: Do not try to outsmart these groups. They can see your order flow and limit orders.
Note that this information is for educational purposes only and not a recommendation.
In early 2025 the NASDAQ Composite started a monthly rising wedge formation that is still in progress today. In 1999 – 2000 and 2006 – 2007 a similar formation led to a sharp rally followed by a long decline. The current wedge formation by itself is not expected to have a direct relationship with a future rally or decline. Market Maker activity within this formation is what is important.
Extremely large block trades have been increasing in size and frequency at the close for Dow stocks such as aapl, amzn, csco, and nvda. In this case trades at the close have moved up to the 6 to 9 million share range. It appears Market Makers are working to raise prices and sell as many shares as possible to institutions, brokerages, banks, or anyone willing to buy them. If the NASDAQ breaks sharply higher in the coming months a long decline is expected to follow. If it declines quickly out of the rising wedge that will give Market Makers additional time to accumulate inventory before moving higher.
Note that this information is for educational purposes only and not a recommendation.
Over the last two years the Utilities Select Sector SPDR Fund (XLU) has been a leading indicator for a decline in the NASDAQ 100. The following chart shows the XLU declined before July 2024, late 2024 and late 2025. All occurred before a decline in the NASDAQ 100. With the recent decline of XLU, there is a high probability the NASDAQ 100 will move lower. As the NASDAQ 100, and other markets decline, indicators such as the 5-day average put/call ratio should provide guidance on when a turn to higher levels is expected.
Note that this information is for educational purposes only and not a recommendation.
In August 2025 the Utilities Index initiated a head and shoulders pattern that has matured and this index is in the process of declining. In 2007 a similar pattern formed and resulted in a sharp drop going into October 2008. In addition to this the Transportation Index is repeating a pattern from 2021 to 2022. The Dow, S&P500, and NASDAQ have not initiated a decline that is similar to the Utilities or Transportation Index yet. Indicators, such as the Move Index, rising interest rates, Swiss Franc vs NASDAQ index, etc., show the stock markets should be in a decline. When a decline does occur, it could be swift, targeting a large number of stop loss orders.
Note that this information is for educational purposes only and not a recommendation.
The ICE BofA high yield option adjusted spread index has been moving in a pattern similar to that of late 2024 and early 2025. When the index dropped below 2.65 a decline in the stock markets followed. This was also the case in 2007. The latest readings starting on January 22, 2026 indicates a stock market pullback is expected this year.
January 24, 2007 = 2.63
April 26, 2007 = 2.63
November 8, 2024 = 2.63
January 17, 2025 = 2.64
January 22, 2026 = 2.64
June 17, 2026 = 2.63
August 27, 2026 = 2.63
On September 13, 2026 an interesting correlation between the NASDAQ 100 and Swiss Franc was shown in the first chart. In this case, as the Swiss Franc moves lower, the NASDAQ is expected to follow with a decline going into December. As this decline continues, the CBOE Options Total Put/Call Ratio 5 day moving average should be monitored. A move above 1.0 indicates the NASDAQ is within range of its low before moving higher.
Note that this information is for educational purposes only and not a recommendation.
Since the invasion of Iran on February 27, 2026, oil (WTIC) went into a parabolic move hitting $119 on March 9, 2026. The price has dropped back to $100, but this will still have an impact on stock markets. Retail products such as gasoline and heating oil are also in a position to affect the public. Stock markets are still expected to pull back, and this will be a contributing factor.
Note that this information is for educational purposes only and not a recommendation.
On August 15, 2026 an interesting correlation between the NASDAQ 100 and Swiss Franc was shown on the chart provided by @i3_investon X.com. A closer look shows a low could appear near the mid-term elections. Time will tell.
Note that this information is for educational purposes only and not a recommendation.
Between 2004 and 2006 the NYSE Common Stock Only Advance-Decline Line developed a rising wedge using a 36.34 degree lower trend line.
Between 2024 and 2026 the same pattern has appeared using the same angle in the lower trend line. There is a high probability it will drop below this trend line before the end of 2026. If Market Makers, etc. repeat 2006, the move down should be relatively brief before a final move upward. Sentiment indicators would be expected to provide some input for a change in direction.
Note that this information is for educational purposes only and not a recommendation.
Since early 2023 there has been a steady increase in the number of big block trades at the close in the 9 million share range for stocks such as NVDA and INTC. Recently, they are using two large trades at the close that appear to keep a single trade from going over 10 million shares. This could revolve around any number of reasons, but it comes at a time when a pullback in the market is expected. Will continue to monitor this.
Note that this information is for educational purposes only and not a recommendation.
On August 7, 2026 it was noted that the CNN Fear & Greed Index was expected to cycle between the 30s and 60s over the next couple of months. It hit a high of 66 on August 13, 2026 and moved down to 33 on September 2, 2026. At this point the index is repeating a pattern from early 2023. If the index drops below 20, it would be a tuning point for markets to move higher.
Note that this information is for educational purposes only and not a recommendation.
On July 23, 2026 it was noted that the NAAIM Exposure Index continued to follow the summer 2021 pattern. The Exposure Index data has since been placed behind a paywall, and evaluating investment managers expectations is not possible. In addition to the NAAIM Index, the New Highs – New Lows index indicates a very short term move to its upper trend line is possible before moving lower. This move is expected to happen in a matter of days. The S&P500 is also following a 8.99 degree upper trend line, just like it did in 2021. It appears time is short before markets start moving lower.
Note that this information is for educational purposes only and not a recommendation.
Oracle moved up 36% on September 10, 2025 based on cloud computing demand. Since that time, the stock has dropped back to the $140 range. As the stock declined in late 2025, volume has taken on the characteristics of what has typically been seen as extremely large Market Maker accumulation activities. In addition to this there are signs of accumulation in other products such as CRM, CPB, and IGV. This would indicate exchange insiders are expecting markets to move higher. A pullback in the markets between now and the end of the year is still expected. This will provide Market Makers with an opportunity to buy additional inventory before moving prices higher.
Note that this information is for educational purposes only and not a recommendation.
Previous Specialists and current Market Makers are well versed on how to move Microsoft to optimize profits for their personal and corporate accounts. Microsoft and other tech companies, such as NVIDIA and Micron continue to provide the same play book through each cycle. This includes 2000, 2008 and 2026. This is why you see similar chart structures in each case. Microsoft is currently in the phase where Market Makers distribute as much stock as possible to hedge funds, pension funds, etc. before moving prices lower in 2026 and/or 2027. There will be an endless number of excuses as tech stocks start to move lower. It has been observed that extremely large blocks are making their way into other Dow stocks. This would provide a mechanism to move prices higher in other sectors while tech stocks decline. The same trick they used in 2000.
Over the past year, new short term lows have appeared as markets slowly work their way higher. At the moment markets are now within range of another short term low. As noted previously, markets are still expected to move lower going into the mid-term elections, but for now it appears a short move upward is being planned.
Note that this information is for educational purposes only and not a recommendation.
On July 22, 2026 an update on Micron Technology noted it appeared corporate strategic plans, Market Maker activity, and algorithms have not changed much since the year 2000. Micron is currently in a position that is similar to where it was in mid-August 2000. If this trend continues, September could be a difficult month for technology stocks.
Note that this information is for educational purposes only and not a recommendation.
On August 14, 2026 Guilherme Tavares @i3_invest on X.com provided an interesting intermarket correlation between the NASDAQ and Swiss Franc. Since a pullback in the market was already expected, the following charts provide another perspective for the coming months.
On July 18, 2025 a comparison of 2001, 2007, and 2025 NVIDIA five point charts was reviewed. NVIDIA completed a 5 point chart in 2002 and 2007 with a process that took approximately 1 ½ years to move from point 1 to point 5. During each process a stock split occurred during the 2nd year. The 2026 5 point chart has developed over a 3 year period with a stock split in the 2nd year. Since March 2026, very large 7 figure block trades have been crossing the tape at the close. This pattern is similar to what occurred in October and November 2024. During that time smaller 7 figure block trades crossed the tape at the close before a decline started in November 2024. This was after NVIDIA replaced Intel in the Dow Index. The current April to August 2026 structure appears to be similar to what occurred between July and December 2007.
Note that this information is for educational purposes only and not a recommendation.
Based on previous readings in 2024 this is expected to cycle between the 30s and 60s for the next couple of months. A pull back with a CNN 5-Day average put/call ratio reading greater than or equal to 0.90 would be bullish.
Note that this information is for educational purposes only and not a recommendation.
As of July 31, 2026, the NASDAQ monthly chart remained within its ascending wedge boundaries. You can see from previous major monthly market rallies and peaks, Market Makers and Liquidity Providers are consistent. Based on the 2000 and 2007 NASDAQ charts a significant monthly market rally is needed for at least three to five months before hitting a top. This is after it moves out of its ascending wedge. There will be declines along the way before moving higher. In the end Market Makers will be working to meet their corporate client commitments while selling as much inventory as possible to retail customers. This is just a merchandising operation. Market Makers buy low and sell high by design.
Note that this information is for educational purposes only and not a recommendation.
If you are recording daily CNN Fear & Greed data you will see patterns and readings between November 29, 2024 (66) and February 20, 2025 (44) that are similar to what was recorded between May 7, 2026 (68) and July 31, 2026 (42). The Fear & Greed data runs in a cyclical pattern and is in the process of repeating a 2025 decline setup. The 2025 decline led to a CNN 5-day average put/call ratio of 1.0 on April 9, 2025, before moving lower. A market decline is still expected, but the duration will depend on options positioning. Upon completion of this decline, markets should continue to move higher.
Note that this information is for educational purposes only and not a recommendation.
After the crisis in 2008 subsided, market makers started accumulating Cisco as inventory between 2011 and 2014. The price rose slowly for several years until 2024 when it started going parabolic and hitting a high of 129 on June 4, 2026. Since the peak occurred, extremely large seven figure block trades have been crossing the tape (at the close) between mid-June and mid-July. This type of activity is typically from market maker’s distributing their inventory. The end result is expected to be a situation similar to what occurred between 2000 and 2001.
Note that this information is for educational purposes only and not a recommendation.
On July 16, 2026 it was noted that a pullback going into the mid-term election would be appropriate. The Exposure Index continues to follow the summer 2021 pattern and investment managers remain bullish.
Note that this information is for educational purposes only and not a recommendation.
On June 6, 2026 it was noted that the weekly Semiconductor index (SOX) would briefly decline before markets started moving higher. The SOX index did move lower between mid-June and mid-July. Since Micron is a component of this index, it provides some insight on what to expect. Back in 1999- 2000 everyone was afraid of the Y2K apocalypse and extremely bullish on the stock market. Money was pouring into tech stocks. Today trillions are planned for AI.
After the NASDAQ peaked in March 2000, Micron did not hit its peak until July 2000. Not much has changed. The 2026 chart below is showing similar structural patterns to that of 2000. It appears corporate strategic plans, Market Maker activity, and algorithms have not changed much and are repeating the year 2000. After the current expected pullback another brief push upward would be in order. A diverse change in direction for many stocks should be expected in 2026 and 2027. Some will continue to move higher while others drop quickly.
Booming stock market led by tech has some saying it feels like the 1999 internet bubble – October 13, 2025
Note that this information is for educational purposes only and not a recommendation.
