15 replies to this topic

[redfoliage2]

Currently in Neutral mode.

VST I see it's more likely to turn to Bullish than to bearish..........

Edited by redfoliage2, 17 October 2016 - 09:23 AM.

[redfoliage2]

The signal just turned into Bullish mode...........

[lawdog]

I'm trusting you and Mark on this one, but take full responsibility

[redfoliage2]

I'm not expecting just a bounce from here, I expect the recent bearish trend is going to be reversed soon............

[redfoliage2]

The signal backed to neutral.
It looks there is still a little left unresolved that should get resolved soon......

Edited by redfoliage2, 17 October 2016 - 12:37 PM.

[redfoliage2]

Update

The signal turned into Bullish mode.

[redfoliage2]

Inverted Head and Shoulders pattern on ES, NQ, SPX, and NAZ hourly, indicating a trend reversal and is bullish for the stock market...........

Edited by redfoliage2, 18 October 2016 - 09:13 AM.

[redfoliage2]

As I said yesterday I expected we will have more than just a bounce...........

I see the upside target is SPX 2160 - 2170 for the week.  I expect more gap-ups this week........

Edited by redfoliage2, 18 October 2016 - 09:55 AM.

[redfoliage2]

H&S on VIX hourly:

http://stockcharts.c...id=p51962126103

 

Just another evidence to support the trend reversal.  So, I'm bullish on XIV.

Edited by redfoliage2, 18 October 2016 - 10:37 AM.

[redfoliage2]

SPX made a breakout today and now is above the down trend line on the hourly.

VST the resistance is about 20 points away at 2163.

Edited by redfoliage2, 18 October 2016 - 10:52 AM.