Jump to content



Photo

SPX thoughts


  • Please log in to reply
318 replies to this topic

#311 tsharp

tsharp

    Member

  • Traders-Talk User
  • 727 posts

Posted 20 August 2017 - 08:38 PM

Thanks... D, I hope all is well in your world too!

 

School just started back up, so we caught the last trip to the lake, probably for the season, today.  Life is good!  Between work, being a daddy a husband, a manager for the company I work for and being involved as a stakeholder in start-up, there isn't a whole lot of time left over, especially when about six weeks ago, all my chart set-ups had disappeared - I was at a loss as to when I would find time to re-create all the charts I had set up.  Thankfully, they were able to restore them, and now I think I can find one or two times per week to post.



#312 tsharp

tsharp

    Member

  • Traders-Talk User
  • 727 posts

Posted 21 August 2017 - 11:32 AM

The TL dance continues for now...

 

Link to SP00 240-min chart:  https://postimg.org/image/z11vn9v2x/

 

SP00_240-min_8.21.17.jpg



#313 tsharp

tsharp

    Member

  • Traders-Talk User
  • 727 posts

Posted 22 August 2017 - 07:55 AM

The struggle is real... lol... Jackson Hole may help this out one way or the other... twt.

 

Link to SP00 240-min chart:  https://postimg.org/image/e7cylj0k9/

 

SP00_240-min_8.22.17.jpg



#314 tsharp

tsharp

    Member

  • Traders-Talk User
  • 727 posts

Posted 23 August 2017 - 08:14 AM

My best guess at this juncture is the SPX completed or is near to completing a running wave-b at yesterday's highs... twt.

 

Link to SP00s 240-min chart:  https://postimg.org/image/vnz5h1ord/

 

SP00_240-min_8.23.17.jpg

 

Link to SP00s daily chart:  https://postimg.org/image/88h8bp509/

 

SP00_daily_8.23.17.jpg



#315 tsharp

tsharp

    Member

  • Traders-Talk User
  • 727 posts

Posted 28 August 2017 - 09:06 PM

I spent the last weekend on the road to Albuquerque, NM, on business with the start-up company with which I'm involved, so this is the first opportunity I've had to get something posted here.  From the looks of the SP00s overnight, tomorrow may begin the next leg down towards, the ~2350 range.  The SPX has not shown any will to move upward... note the dance the indicator line has had with the latent TLs below the zero line... twt.

 

Link to SPX hourly chart:  https://postimg.org/image/674aztch1/

 

SPX_60_8.28.17.jpg



#316 tsharp

tsharp

    Member

  • Traders-Talk User
  • 727 posts

Posted 05 September 2017 - 07:03 PM

I'm sorry for the weekend lapse, but family matters took priority, and in my mind, nothing much as really changed since my last update.  

 

For today, I offer the SPX hourly chart, with the understanding that if we bounce back up to new highs from around there, then the c-wave is a part of wave-iv of the next higher wave-i, otherwise, if this continues playing out into mid-September, I would look for a low down between ~2250 - ~2266 range to complete wave-ii, as in the SPX daily chart below with just TLs and the fib extension from ~666 - ~2134, which is in the .09 fib extension... as always... twt.

 

P.S. The fuchsia DTL line on the hourly indicator chart being broken to the upside would indicate a ST CIT, and likely also, another move to ~2500 to complete wave-i, then the wave-ii would commence, though I see this as less likely at this time.

 

Link to SPX hourly chart:  https://postimg.org/image/nd4agcfx5/

 

SPX_60_9.5.17.jpg

 

Link to SPX daily chart:  https://postimg.org/image/ji5hrim55/

 

SPX_D_9.5.17.jpg



#317 dowdeva

dowdeva

    Member

  • Traders-Talk User
  • 339 posts

Posted 05 September 2017 - 09:37 PM

Tsharp, I got caught up in the bear frenzy today and started placing initial mid term shorts (Nov/Dec), but for a while (on twitter) I have been saying that I just don't see 'them' taking down this thing until it hits 2500. Just a gut feeling and I've learned in the past not to fade my intuition.

 

Too many people betting down here, North Korea, seasonality, etc, just too many people.

 

So I think it might end up being somewhat like what they did in early August, a final sharp swoop up then down to your 2250? Tme will tell...

 

According to Chinese astrology, in which I believe, this summer is the last year of the multi-bull market. But the summer isn't officially over until September 21.

 

Good luck with your start up companysssssssssssssssssssssssssssssssss. I don't know how you get any sleep.

 

~D



#318 tsharp

tsharp

    Member

  • Traders-Talk User
  • 727 posts

Posted 17 September 2017 - 02:26 PM

Okay then, the SPX has finally tagged the elusive 2500 level in what appears to be a completed or nearly completed EDT.  I still favor a wave-ii correction back down to between the 2350-2250 range... as of yet, no back-test of the long term UTL has been completed, and there's no season like the September-October "crash" season to get the bears all frothy and set up a bear trap for a run to the next higher fib range up at the ~3000 level... twt.  Please note the negative divergence on nearly every chart.

 

Link to SPX 60-min chart:  https://postimg.org/image/cb5ooojh5/

 

SPX_60_9.15.17.jpg

 

Link to SPX daily slow momentum chart: https://postimg.org/image/rxwy21x95/

 

SPX_D_9.15.17-2.jpg

 

Link to SPX Weekly fast momentum chart:  https://postimg.org/image/f7spoypax/

 

SPX_W_9.15.17-1.jpg

 

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

 

SPX_W_EW_9.15.17.jpg



#319 dowdeva

dowdeva

    Member

  • Traders-Talk User
  • 339 posts

Posted 24 September 2017 - 10:38 AM

Hurst projection (unfulfilled) also to 2350.