Well, I had to take mom to teh airport so I missed all teh fun.
I said yesterday that today would be a pump and dump, only they left out the pump, lol. MFI almost oversold, RSI not there yet. Of course they can do the same thing they did this Monday....
No idea which way the market goes Monday, hoping it goes oversold and I'll buy some calls. Staying cash,...
Doesn't show up well on the 3 hr chart because it reversed so sharply but MFI did hit overbought. I mentioned it on my RTY post yesterday and if you look at the RTY1! chart, it clearly goes overbought, so did YM. RSI having trouble holding above 50 like I mentioned earlier this week.
Tomorrow is Ponzi Friday plus quad witching. Expect the gap to close and big...
After yesterday's rally, Bulls will have to stay above yesterday's High to continue this rally.
Any test of yesterday's High could provide direction for the day.
Level to watch 4479 --- 4477
Reports to watch:
10:00 AM ET
US: EIA Natural Gas Report
10:30 AM ET
i talked about the larger spy fractal via :
here's an update to that post.
i do think that this exact fractal is playing out, but it's not going to go as low as i had originally expected.
spy has just seen what looked like 5 waves down into the local golden zone. corrections do not move in 5...
SPY... bounce to the bullish wave. It's about to start again.
Same ol same every dip has been bought and market bounces. Great buying before the wave turns greem.
I see attempt to ATH coming soon and most likely will break as per usual.
Feel free to look at my history, I have nailed almost 90%+ of all my Ideas shared on TV. Feel free to also follow to see when...
i don't think spy falls before labor day - so we may have a few more days up here before a total melt-down phase.
talked about this target in my previous post via:
spy loves that 1.75 algo target, it is the only asset i have seen which continually hits this target. (i actually have a...
How the rich bought all your fears... Covid is the tool
Read what I wrote in this chart.
Why I'm telling you all this? It's about to give you....the retailer a chance on the pie. I hate greed personally and as one of my close friends said in March 2020 "We're buying". All the politicians, Big names like Elon Warren. have used their so called prestiege to lure...
all the other big stocks are in a flat correction, except aapl.
once aapl finds a local bottom at 145ish for wave (A), i think that's when we see spy see a parabolic move for wave (B)
aapl is the leading clue to what's going on in the borader markers right now, and i do think spy is in a larger a-b-c correction as of this moment.
talked about the aapl top...
every dip gets bought up anywhere between the 0.50~0.618 algo target
we're nearing the golden zone right now, should be there within the next few days.
my target remains at 4600, but it could take awhile to get there.
Time in the markets, is more valuable than timing the markets.
buy the golden zone - sell the -0.236 \ like clockworks.
ps. when the...
With four minutes to the inflation proxy print it is worth a moment to reflect on the recent bull run. Characterized by Higher Lows along a steep bullish incline the V-shapes have been signaled via inverse Head and Shoulders patterns along the way. SPX looking to defend the Higher Low at the Channel
Heya Speculators - it's time for another look at the stock index futures levels heading into the trading week.
To start, you may want to check out the chart of the S&P (es1!) on a 4H chart. Do you notice a pattern there? It's quadwitching this Friday and already it looks like the sellers want to keep the option expiration week dips in the playbook. 5/19, 6/19,...
es is nearing a local peak here, it's currently in an ending diagonal
4513.75 is the regular upside target
ending diagonals tend to overthrow the wedge at the end of the move
4559~4568.25 as a blow off top \ overshoot target
expect it if it happens
pcc hit the lowest point this morning since june 30th, usually happens a week or two before a correction...