profitmaker999

profitmaker999

Need next Monday to confirm this power of rally. As usual, a midterm correction has 6-8 weeks, and we have adjusted 4 weeks. Need to be careful monitoring the market in next several week,and then judge the bound or reversal.

profitmaker999

See comment on chart.

profitmaker999

Since two times rebounds failed to arrive 180, I think SPY might drop to 175 sharply on Monday. From there, I hope a decent rally to 180 because it would arrive at 250 MA( the purple line) area of the correction. The 250MA of 4 hourly SPY chart is the strongest support line during 2013. If SPY rebound to 180 with big volume at the same day, and then we can...

profitmaker999

The market had a big drop today, and led to some panic sell-off. From here, SPX500 can bounce anytime, but it might continue to drop if the panic is out of control. Therefore, SPX500 have two direction next week,which one would rebound on Monday, and another could drop to 1760. If the market bounces, 1805 of SPX500 is the important holding line for bull....

profitmaker999

The market is adjusting before the OE of Jan (this Friday) , the first 3 days (Mon to Wed) is very important to monitor the market. We will get a idea where the market would probably stop to drop on Wed. In my opinion, Spy seems to have a range between 184.68 and 177.5 a while. Because the data of economy can not support the market go up to another new high, the...

profitmaker999

This is a chart of SPX 500 WEEKLY by using GANN Square & Fib. It gives us a big picture where the market is.

profitmaker999

The first support is 3462.

profitmaker999

SPX has started to correct in the first trading day in 2014. Because it already touched 2.272 (1849.4) area, a reasonable correction is able to expect. The first support is 1814, and then is1.618 (1765.8). The midterm support line will be 1.272(1721.4) in the first quarter of 2014. However, if the 1800 can be held tightly, SPX will have opportunity to make...

profitmaker999

Iwm has been closer the top area. I believe it will re-try the ex-high to make a second top. If the second top can not be hold, a reasonable correction is able to expect around 0.236 (110.84). If RSI is above to 80, IWM might to the bottom of the channel.

profitmaker999

Pretty butterfly!!! We will have opportunity to see NAS100 going up around 4800. WOW, another 1000 points to go. Its support line is 3100

profitmaker999

SPX monthly chart is still keeping up in up-trend channel. Its top might be 1910 in 2014, and 1630 will be its bottom ( the lower level of channel.) If SPX breaks 1550, the new channel might be created ( down-trend).

profitmaker999

SPX will re-try 1813 next Monday or Tuesday. RSI is 61.8 now meaning that it still have power to run higher.If it can not make a new up-trend, the first resistant line is 1779 （1.618）, and the second one is 1739（1.5).

profitmaker999

Totally opposite trend. If GLD turn to up, the bull market will end. However, I believe we could see gold under 1000:)

profitmaker999

TSLA will have a small correction to 120 ish in 4, Dec,2013. And then, it will up again to 0.382 area 140ish.

profitmaker999

Ugly Weekly chart. GDX will be able to break the ex-lowest low point because its rebound is too weak.

profitmaker999

Even though I think the market should have a reasonable correction, the up-trend seems to continue. If no very bad news release before Christmas, we will have opportunity to see 1840ish.

profitmaker999

When TA closes 200 MA & made double bottom of RVI, TSLA has started to rebound. The first rebound goal is $146, and the second one is $155. If the second goal (0.5) is difficult touch, run away quickly.

profitmaker999

will see 700 again!