The signal turned into Bearish mode.
The bounce is likely done after the 0.618 retracement to SPX 2083 yesterday.
VST Watcher Update
Started by
redfoliage2
, May 03 2016 08:42 AM
16 replies to this topic
#2
redfoliage2
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Posted 03 May 2016 - 08:47 AM
After this VST bounce the ST trend will continue that remains Bearish...............
#4
redfoliage2
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Posted 03 May 2016 - 10:05 AM
The reason I posted the NDX chart above is I just want to point out the long term top has been confirmed.
#5
redfoliage2
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Posted 03 May 2016 - 10:32 AM
Weekly also showing turning down from the lower high sub-top:
http://stockcharts.c...id=p79908218146
#6
redfoliage2
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Posted 03 May 2016 - 02:05 PM
Update
The signal remaining bearish.
The signal remaining bearish.
#7
dasein
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Posted 03 May 2016 - 04:07 PM
thanks red - isee index very bearish but stocks are also fearful with put buying - is it the smart money??? we will find out.
best,
klh
klh
#8
redfoliage2
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Posted 03 May 2016 - 05:45 PM
The signal stays bearish at the close today.
The market big top was confirmed. This is the in the first stage of a trend change: denial.
The market big top was confirmed. This is the in the first stage of a trend change: denial.
Edited by redfoliage2, 03 May 2016 - 05:47 PM.
#9
redfoliage2
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Posted 03 May 2016 - 08:00 PM
There is a support at SPX 2030 and I expect it gets tested in the next few days...........
#10
redfoliage2
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Posted 04 May 2016 - 08:40 AM
The signal remaining Bearish.........
