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#281 dowdeva

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Posted 28 March 2017 - 08:00 AM

Tsharp,

 

Are you still favoring 2229?

 

~D



#282 tsharp

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Posted 28 March 2017 - 03:46 PM

I'm not sure when 2229 went on the radar... I have two targets at this time... yesterday's low (or thereabouts), or perhaps ~2250ish in the near future.



#283 tsharp

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Posted 28 March 2017 - 06:45 PM

Tsharp,

 

Are you still favoring 2229?

 

~D

 

Patience to allow fractals to play out it sometimes is a difficult task... here is a modified count to suggest that wave-i:iii) is the ~2400 top, and either wave-ii is done or wave-a:ii is done... the next couple of days may reveal which of the two is correct, though I have a slight lean towards more downside to complete wave-ii... time will tell.

 

Link to SPX hourly chart:  https://postimg.org/image/ydtwybt95/

 

SPX_60_03.28.17.jpg



#284 tsharp

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Posted 01 April 2017 - 12:41 PM

From the FF board on Friday's close:

 

It could be that wave-c:b:ii is complete here, or else wave-i just completed... EOM games... either way, methinks we'll see some weakness next week... twt.

 

Link to SP00 240-min chart:  https://postimg.org/image/wvcaykqu1/

 

SP00_240-min_2.31.17-2.jpg


Edited by tsharp, 01 April 2017 - 12:42 PM.


#285 tsharp

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Posted 02 April 2017 - 05:37 PM

The SPX hourly also continues to show the possibility for up or down as of Friday's close.  I would prefer to see another drop to a lower-low but with positive divergence on the momentum indicator, but am open to the possibility that with a drop to -100, the correction is complete... time will tell.

 

Link to SPX hourly chart:  https://postimg.org/image/glr6ssmhl/

 

SPX_60_03.31.17.jpg



#286 tsharp

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Posted 05 April 2017 - 05:12 PM

I was in class today, then tested-out to maintain one of my certs, so did not get to watch the demise of the SPX +17 points on the morning, but based on my observations from yesterday's market, it seemed to me it was classic c-wave (up) stuph, and if it failed as quickly as it went up, that would pretty much confirm... and it did.  

 

At this point, the bottom of wave-a:ii could be where it's still marked, or else at the actual pivot low, if the latter, then wave-a:ii (my count) is ~83-points, basis the SP00s.  If the wave-a:ii low is where it's still marked, then it's only ~69-points... either way, if wave-c:ii equals wave-a:ii, then that would give us a low down in the ~2290-2300 range, basis the SP00s.  If wave-c extends, then that ~2250 target I've previously mentioned is also in play... time will tell.

 

P.S. note also where the momentum indicator line ended at the day's trading on the SPX hourly chart... the third time it's attacking that UTL, so I pretty much see that UTL giving way tomorrow as price continues lower... we shall see.

 

Link to SP00 15-min chart:  https://postimg.org/image/f3tby4sex/

 

SP00_15-min_4.05.17.jpg

 

Link to SP00 240-min chart:  https://postimg.org/image/lvjr0zheh/

 

SP00_240-min_4.05.17.jpg

 

Link to SPX 60-min chart:  https://postimg.org/image/pt70qe47t/

 

SPX_60-min_4.05.17.jpg


Edited by tsharp, 05 April 2017 - 05:16 PM.


#287 tsharp

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Posted 07 April 2017 - 09:57 AM

On the SPX hourly, the indicator line is down again near the UTL... while the 240-min SP00s is showing a H&S formation that if it comes to fruition, takes it down to the ~2300 level... twt.

 

Link to SP00 240-min chart:  https://postimg.org/image/b5ehy9xax/

 

SP00_240-min_4.7.17.jpg


Edited by tsharp, 07 April 2017 - 09:58 AM.


#288 tsharp

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Posted 09 April 2017 - 12:29 PM

It will be an interesting week to watch whether the bulls or bears win this ST battle on the SPX... the hourly SPX now has five hits on the UTL, and while it didn't break through last Friday, as I thought it might, I would be quite surprised if it doesn't finally break through on Monday or Tuesday.  

 

Another chart that seems to suggest the same ST outcome is the 15-min UVXY with a 200ma, the price bars remained above the 200ma for all of Friday, and perhaps will widen the gap above the 200ma next week.  

 

To be sure, the IT and LT trends are still upward, as seen by the SPX fast and slow momentum indicator charts below, and my favored fractal count shows when we reach a bottom shortly, wave-iii:iii will continue upward towards the ~2500 level, then onward to the ~2900 level before another meaningful correction... as always... time will tell.

 

Link to SPX hourly chart:  https://postimg.org/image/r13sky4t5/

 

SPX_60-min_4.07.17.jpg

 

Link to UVXY 15-min chart:  https://postimg.org/image/6v0am295l/

 

UVXY_15-min_4.07.17.jpg

 

Link to SPX weekly fast momentum chart:  https://postimg.org/image/qqwa1lq6x/

 

SPX_W_4.07.17-1.jpg

 

Link to SPX slow momentum chart:  https://postimg.org/image/y85hgtfq1/

 

SPX_W_4.07.17-2.jpg

 

Link to SPX fractal count:  https://postimg.org/image/j0phwgnvd/

 

SPX_W_EW_4.07.17.jpg


Edited by tsharp, 09 April 2017 - 12:31 PM.


#289 tsharp

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Posted 11 April 2017 - 06:28 PM

Corrective waves are often the most difficult to count in real-time... that said, here is a possible count, basis the SP00s, where the b-wave:ii is either done at the last high pivot a few days back, or is working its way higher in an expanding b-wave, then wave-c would begin, dropping either to the ~2300 or ~2250 range... after that I see the SPX working its way back upward in a third wave to the ~2500 range first, then I think on upward to the ~2900 range, before another deeper correction takes place... time will tell.

 

Link to SP00 240-min chart:  https://postimg.org/image/bgehuti3d/

 

SP00_240-min_4.11.17.jpg


Edited by tsharp, 11 April 2017 - 06:30 PM.


#290 tsharp

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Posted 13 April 2017 - 02:52 PM

Okay then... finally getting some traction to the downside...  it appears ~2300 should be a given at this point, and perhaps as low as the ~2250 range... time will tell.

 

Link to SP00 240-min chart:  https://i.imgur.com/Y0gLDM6.jpg

 

Y0gLDM6.jpg