TPMART Update (15 Dec 21)

TPMART Update (15 Dec 21)

TPMART (as of 28th Sept 21)

?This is an update to our previous note dated 28th September titled 'Sharing a Textbook example - TPMART Index'

?In our previous note, we suggested that TPMART will likely experience a large three waves correction. We also suggested that if one were not already short it then, that we should await the completion of a B wave bounce before engaging it on the short side for a final C wave down move.

ATEC believes, as we observe the Japanese shipping index that it has likely completed the B wave bounce, and that we can now look for a C wave move to levels below 600 from here. We understand the narrative around shipping backlogs. We understand that container freight rates are still at decade-highs. But we also understand that sentiment moves in ebbs and flows.

?ATEC will got short it with a stop at recent highs. Good Luck Out There.

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