I'm looking forward to the next correction. I see the potential for a drop from current price back to 2800-2900 in the s&p and a 40% chance that, IF that occurs, we could retest March lows.. seems unlikely doesn't it? Remember to expect the unexpected and look forward. Don't spend too much time looking in the rearview mirror at old news, trying to make...
As September is just around the corner and the 2020 Elections is just two months away a quick look back at the unfinished business for the month. As noted there are five Virgin Points of Control in August, moreover there 4 gaps in the SPX - price usually doubles back to confirm price before moving up. This isn't happening - and the market profile is very thin...
I posted this idea last year and I've been amazed at how similar the giant broadening formation has rhymed from the 60's-70s. I have several other forecasts that involve at least a 50% retracement from the March rally and this helps to paint that picture quite well. Will the Fed step in more heavily if we have another sell off? Does history repeat and we break up...
I am seeing weakness in stocks with a loss of momentum and volume. There are several interesting red flags I'm observing at this time on many of my indicators.This is just one of many but it shows the percent of s&p stocks above their 50-day moving average. It can serve as a leading indicator and should be observed with a comparison of the index as well as a...
It's almost time to see if the market want's to continue this rally or reverse off the previous top. The month of August is going to be a hot time to make some big boy decisions for your portfolio. 3391 keep your eyes on it and watch that trend. Stay patient.
Keep watch of this ratio-We're looking like 1999 based on this ratio. Tech to go hyper before tech wreck 2.0? The recipe is slightly different but it's starting to smell the same. Even if this plays out, we should see the NASDAQ cool off & consolidate for a bit..perhaps we'll see some weakness going to the Fall prior to election with increased volatility in the...
SPX does look very bullish under the (1/1) Gann line, in an attempt to reclaim it. It is comparable to one of the alt coin market charts i have made. Seems pretty destructive of logic. Honest
Is ES finally ready to do a big timber?
ES Short the ABC - Above 3250 negates
✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Let's see if that money printer can make it rain friends! Today we are looking to see if the uptrend can continue with the S&P (SPY, SPX, SPX500USD, etc). Longing the uptrend in equities has been profitable recently, let's assume that trend continues and talk about entries, exits,...
Once hyperinflation starts and the economic cycle switches from stagflation , interest rates will rise . There will be a MASSIVE restructuring of debt and asset allocation in the U.S. Small caps will go bankrupt or consolidated by the bigger market caps that have the cash to acquire more market share. Consumer prices will rise I think, and the deleveraging...
9-day EMA in the Put/Call ratio is in no man's land
Believe it or not, this is the cleanest count in the S&P 500 futures. The second W2 didn't even reach the 0.236 which is quite doubtful, especially below such a potentially strong resistance. Are we hyper bullish? I don't think so but this market is capable of anything and may want to pump at each pretext (covid19 vaccine rumour like last night, tweet, etc.). Of...
SPX, S&P500 Daily Short Range - Thu Apr 9, 2020 12:22:08 (UTC) Thu Apr 9, 2020
SPX (Bearish) Risk Range 13:05:47 (UTC) Wed Apr 8, 2020