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Hello Everyone,
The bulls put in another nice day today and I am hearing more and more about the Fed holding the market up and we will not go down until after the elections. That may end up being true, but I am not buying it is the Fed or the elections. Just before the October/December crash, I was hearing the exact same things and the only way people were looking was up. Once the "market started following our LONG TERM topping phase" (It was 2 weeks late) and the bid vanished, we saw everyone that was looking at spx 3300 as a sure thing start to panic sell. Extreme bearish sentiment reading came in just as everyone was started looking at the move lower as the next biggest bear market to hit--that is when our predictive analytics model went bullish-December 27th 2018 and has remained bullish not set to top until spring of 2019!
Here we are entering the spring of 2019 and the market has gone pretty much straight up. Now everyone who was calling for the biggest bear market starting, has switched sides and now saying we are entering the largest bull market. Isn't it crazy how everybody gets extremely bullish or bearish just as we are going into the topping/bottoming time zone? Don't worry, the "Black Hole" crash isn't here just yet, but we do have a short term topping date approaching. Don't be surprised to see that mark the rally top and we simply see a double top just before the "Black Hole" crash time zone.
Short term: The bearish wedge in the chart has a high probability of playing out. It could overshoot the upper trend line and I believe it actually hits right at our short term top date approaching. The target is somewhere between 2746-2722. Of course, nothing is 100% certain, but I have traded this pattern with high success over the years. Don't believe what you hear on the financial networks--they are the ones that lead the herd over the cliff or get them to sell at the lows! Good Luck! G-
1.) like our post with a thumbs up (each post)
2.) follow us-you will be alerted via email with each post we enter
3.) leave a comment (It could be as simple as Thanks) (each post)
Hello Everyone,
The bulls put in another nice day today and I am hearing more and more about the Fed holding the market up and we will not go down until after the elections. That may end up being true, but I am not buying it is the Fed or the elections. Just before the October/December crash, I was hearing the exact same things and the only way people were looking was up. Once the "market started following our LONG TERM topping phase" (It was 2 weeks late) and the bid vanished, we saw everyone that was looking at spx 3300 as a sure thing start to panic sell. Extreme bearish sentiment reading came in just as everyone was started looking at the move lower as the next biggest bear market to hit--that is when our predictive analytics model went bullish-December 27th 2018 and has remained bullish not set to top until spring of 2019!
Here we are entering the spring of 2019 and the market has gone pretty much straight up. Now everyone who was calling for the biggest bear market starting, has switched sides and now saying we are entering the largest bull market. Isn't it crazy how everybody gets extremely bullish or bearish just as we are going into the topping/bottoming time zone? Don't worry, the "Black Hole" crash isn't here just yet, but we do have a short term topping date approaching. Don't be surprised to see that mark the rally top and we simply see a double top just before the "Black Hole" crash time zone.
Short term: The bearish wedge in the chart has a high probability of playing out. It could overshoot the upper trend line and I believe it actually hits right at our short term top date approaching. The target is somewhere between 2746-2722. Of course, nothing is 100% certain, but I have traded this pattern with high success over the years. Don't believe what you hear on the financial networks--they are the ones that lead the herd over the cliff or get them to sell at the lows! Good Luck! G-