MARKET ENVIRONMENT:
The interim trend has reversed. An expected minor “suck it up” recovery has occurred. Some bouncing potential is still possible. But today’s break very likely signals the onset of Killing: “This is a very unusual pattern in that the market can move very quickly.” An Interim Trend decline may become persistent. Hourly charts and even shorter...
Since this "miracle" rally began after Christmas, many investors have wondered when shorting seems like an option. In my opinion that time has pretty much arrived. Of course during this rally there were some small short opportunities but then again trading against the trend can be tricky and costly aka "The trend is your friend".
On the other hand we have of...
Todays-Setup may support a SPX re-allocation similar to last weeks pullback. Larger allocation for me remains 50/50 Risk-On/Risk-Off…too much risk in the markets considering the Trump-Put and the Fed…we are always on a “One-Tweet-Reversal” in either direction!
I am going to watch carefully today, on these low volume pre-holiday market days, sometimes you get...
Last target hit perfectly, lets see where this goes now.
I got screwed over by RH this morning, most my positions expiring worthless tomorrow. Likely switching to Tasty soon.
If my charts made you any money, consider donating <3
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Wait for break and retest on 4hr chart for charts. Good risk reward ratio.
alternative plan: wait for bullish engulfing, inside bar break out or bullish pinbar on hourly or 4hr chart (preferable)
El mercado acaba de Finalizar su onda B aparentemente, ya que cerro por encima de A, por lo tanto tratara de llegar a un lugar muy cercano del inicio de la misma que podría ser en niveles cercanos a los 2900 pts.
solo hay que esperar para la confirmación, aunque el revote al final de la sesión, a sido contundente.
We have published a series of articles outlining our expectations for the US equity market in over the past year. Our systematic approach led to a precise forecast of a cyclical correction, which started to unfold in Q4 2018. Subsequently, equities embarked upon a remarkable rally during 2019. Therefore, it is reasonable to ask at this point whether the cyclical...
Closer view here. Notice the black vertical line on the time scale. (FOMC minutes)
let's see if we break more lows... if this is a wave 3 down , it could really stretch out as shown by the black trail. If this turns into a bigger correction in an abc form, we'll keep an eye on the little green wave 2 label. If price breaks higher than that, then no wave 3......
Standard and Poor's 500 Index is a capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The index was developed with a base level of 10 for the 1941-43 base period.
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