1) Tom's ED indicator is showing a major movement in next day's 2) Tripple Witching day 18.3 and we need to expect movements prior to options expiration 3) At upper resistance a bearish Gartle formation is formed 3) We haven't been so overbought since years...
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Mo.7.3 : Just to clarify. We are in a short covering rally since last low. I am expecting a short squeeze till 2040-2045 so timing is essential... Care about Energy!!! NGAS negative bubble is starting to pop up so gas companies may in addition to recent equity rally (check GASL) surge higher than expected.
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wandonye
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This time looks similar to last Oct
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chartwatchers
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Exactly.
The FED is planning a rate hike in March. ( In 1.5 weeks)
Of course the US Govt gave in order to Goldman & other banks to buy buy buy.
I wouldn't be surprised if go to new highs by 14th of March.
You cannot short the US markets from now (1-1.5 years) . We are making a beautiful bubble now. When it pops in 2017-2018 then it is bear time.
bracken
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"When it pops in 2017-2018 then..."
Interesting chartwatchers! Evidently we are very close to each other in that estimitation. In my book the big pop will occur a bit earlier though. Like in Jan 2017 (+/- a couple of months).
chartwatchers
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We will be above 2000 by the end of the next week...
darth.stocks
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It's reasonable... CTA's have just coverd about half of their shorts so 2050 could be quite likely. BUT: with GAAP EPS just lowered to 90 we are at PE 22... Getting back to 16 means S&P at 1450.
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