Until SPX cash closes below 2800, trend is still up. I see both bull and bear cases possible. I'm still leaning bullish as everyone is calling for a bear market or lower low just like Dec bottom, everyone was calling for a retest but we went on to make new aths. CB's will keep easing like or not, and companies are buying back their stocks aggressively. Again, at...
Bit money has been moving into these stop options looking for higher prices in the next 10 days!
This stock looks like a solid gamble for higher prices.
Weekly chart breaking will trigger powerful 2-3 week rally.
I am a bear at heart, but I perceive that a strong buying interest is afoot with the SPX500 tonight. Why the interest? Seems to imply that certain NFP knowledge is "out there" or strongly speculated.. Just my opinion, and not a recommendation to buy or sell.
I am not trading indices at this time, I'm only long metals and miners... I feel that SPX500 rips up...
The beginning of the 1st wave of the major 5th - to new all time high
If the 5th wave has started; The first condition is to get a higher high above 1882.10.
That will be 1880.6 on the cash SPX chart
Enjoy my linked chat below aswell.
I gather all my chart at:
Face book WallstScalper
Hey guys, so the FED came out today and said that they would raise the interest rate by .25. If you have been following me, I mention in my previous post that no matter what the FED does, the market should head higher. The red lines on my graph was to illustrate my previous post and as you can see i said that it should continue up, however I was expecting a...