As you can see on the chart (Lighten bolts) we are in a fractal short term topping pattern-which COULD turn into something more, as we have an important weakness period approaching. The last one was ignored, but as we explain to members, even though it was ignored by the market (Fed) it doesn't change the dynamics of the overall structure of weakness into the next...
Dorsey on Ether: 7/8/2019 This was sent out to members yesterday. We are going to be diversifying our reports and adding certain sectors/etf instead of just covering the SPX. We did our first one yesterday and the timing was perfect, as etcg was trading at 21.10 when it was sent and hit a high of 23.70 or an 18% gain in 1 day. Not BAD!! From Woody Dorsey: I...
Take a look at our free Market Timing Report-below in the profile section. Morning Notes 07/09/19-Gary Trading Environment-Short Term: Current Environment-Bearish (There is a pattern target pointing towards the 2800-2625 area-let's watch and see if it plays out) Hi Everyone, Futures are down some this morning, but approaching some support. From...
It sure looks like the Fed is looking to cut interest rates for the July 31st meeting. But how can it do such a thing if the market is making new highs....that would not make any sense. So Here is my idea. Lets see if I am correct. In the next few days...IMO....I think that the SP500 is going to move up to the neck line of this possible inverse head and...
Short > June was overextended > Q2 was overextended
Trade talks never work out, seems like it's all smoke and mirrors. SCMP doesn't seem to be expecting much. We like this right now close to 20 for a short term swing. Entry 1/2 as usual.
The SPX is at an important pivot point sitting at 2910. If they lose that, we could see sub 2900 quickly. I put together a free video report which goes over some extreme divergences amongst the indexes. You can see that in the link below in my profile (Free Video Report 06/26/19) Many are looking for an additional 600 points higher on the spx, comparing this to...
Morning Notes 06/26/19 Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Futures are up some this morning, but well off the "We were almost there" comments from Mnuchin, that sent the futures into a buying frenzy. That is just outright stupidity and shows us how these algos are programmed when the programmers are sleeping. China-90%...
Morning Notes 06/25/19-Gary Dean Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Futures are fairly flat this morning and the pattern in place is NOT calling for a drop, but rather another new high pending. It doesn't mean it has to hold above the new highs, just that new highs have much greater odds than the spx breaking down here....
Uncertain whether this is truly possible for TVIX; however, it has an uncanny resemblance to the market cycle psychology chart. Also, look at that volume! I'm not saying to go Long, but it's worth your attention.
Not a lot to go over tonight, but warnings are being sent not become complacent in this environment. Volatility has been compressed and the pattern I am following, which I go over in the free video report in my links below, is suggesting we are just making a bear flag. Of course, we may have to wait until Wednesday to get an answer as to what the market has in...
We are beginning the week with talk about the Fed cutting rates and typically we will see the markets flip flop with a grind higher into the decision. There is a channel in place and I would not be surprised to see us stay within it until the algos are triggered one way or another after the Fed decision. I don't think they will do anything, but it may be more...
An identical pattern has been spotted on TVIX. This includes an initial hyper top above the 1D MA200 with a subsequent collapse below both the MA200 and MA50. A quick break above the MA50 again only comes as confirmation of the final bearish stage, the part we are at currently. Our target is 13.50. ** If you like our free content follow our profile...
Looks like this could play out similar to the previous cycle. Looking to add more puts before close or sometime tomorrow.
Morning Notes 05/29/19 Gary Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Would you like to learn how Woody manages the markets using trader psychology and all of his other methods from his book-in a simple to read PDF? Register for free ebook below Futures are under some selling pressure this morning and I had a good...