forker

E-Mini S&P 500 - Fake "Crash"?

CME_MINI:ES1!   S&P 500 E-MINI FUTURES
If my framing of this market is fact, then i would say that the actual "crash" is a fake!

It seems that the same pattern as in 2011 is unfolding...

Geet me right: I dont say that the markets won't crash in the comming months.
I really think they will, but NOT NOW!

Why?
Read Martin Armstrongs Blog (www.armstrongeconomics.com).

Of course i could be death wrong, because of the EP (Energy Point) confluence
where we are now. And really, this is the only decision point i see today.

Until the SL (Sliding) is broken (remarkable close below) i dont't think of short trades for
the longterm TF's.

P!
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The way I see it, we may get a test of the ~1855 this week and then perhaps resume along the course of Tim West's yearly map.....
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I like your yellow correction lines to explain that we are in a similar type correction that we had before. Very interesting.
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forker timwest
Hi Tim

Thanks for your feedback.
I'm very courious how this plays out. ;-)

Cheers.
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Seems to have worked for now. I think we're mostly range bound.
Gravitating around a 'fair' price. Eventually, we will have a trending leg, question is when do we stop fading the extremes?
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