chartwatchers
Long

SPX500 - If you are printing we are buying

FX:SPX500   S&P 500 index of US listed shares
1432 6 48
Central banks' money printing is at maximum level. How do I know ?
Because stock markets cannot print a healthy correction. We should have come down to the daily cycle low already. But it's not happening. If we cannot come down to the daily cycle low it means the buying pressure is so strong that we are going sideways or breaking to new highs.

I don't want to get left behind at the station.
If they are printing I'm buying.

I'm quite sure we are breaking to new highs soon.
MACD is crossing over soon. SlowStoch is oervbought but can be overbought for a long time just like from February till April             ...
Comment:
snapshot
Arpi, you haven't commented on S&P 500 in while, it's down to 2155 would you add here?
Reply
Closed right above the 20EMA on the daily chart....
Reply
Like your work Arpi, but I would be careful with this one. Markets are too primed up on free money, but ultimately valuations is what drives markets and growth and valuations do catch up. If that does happen, this position could lose a lot of money. A lot. Plus September is historically a bad month for markets, so....
Reply
I'm not unlimited, but I've been buying good value stocks since August 16 based on this. Do you tag August 2 as the DCL?
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I agree, and I support you Arpi! So far, so ... Great idea. Thank you !
snapshot
Reply
I counted 8-2 as the DCL... we are in the next 28 day cycle
Reply
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