From Woody Dorsey: www.sentimenttiming.com
It is of note that stocks have gone nowhere for 6 days while generic optimism has continued. As I said last week, there is a local negative energy due early this week which has been threatening but has not yet become overt.
Still the wide ranging bar from last Thursday offers tight risk parameters. If taken out on the...
The week before Thanksgiving has typically been a weak week for the indexes. This matches up with the 96% bullish sentiment reading from Woody Dorsey's www.sentimenttiming.com
Expecting the SPX to drop down to the 2010-1990 and maybe even 1975-ish. This could set up the Santa rally and a nice push into year's end.
IWM hit an important trend line that has been in place since July 2014. There are a clear 5 waves up and bearish divergences. Expecting some type of retrace down to the 114-112 and maybe even 110 area-before starting the Santa Rally.
With bullish sentiment at 96% per www.sentimenttiming.com some type of pullback is expected. Good luck
IWM hit an important trend line that has been in place since July 2014. There are a clear 5 waves up and bearish divergences. Expecting some type of retrace down to the 114-112 and maybe even 110 area-before starting the Santa Rally.
With bullish sentiment at 96% per www.sentimenttiming.com some type of pullback is expected. Good luck
The bullish sentiment is at 96% according to www.sentimenttiming.com That is short term bearish and the SPX hit the top of a potential expanding triangle. Short term drop to 1990-1970 would fit the price profile best-as the bulls still have the seasonality on their side.
After the quick expected drop to the target zone-Santa Rally should kick in and levitate the...
