20 replies to this topic

[redfoliage2]

BTW, DAX at the current level also is a low risk sell ..........

[redfoliage2]

VST a little bounce may be expected, but the selling can go without a stop for a while as SPX has not had much correction yet..........

Edited by redfoliage2, 01 December 2016 - 10:17 AM.

[lawdog]

NAZ could be setting the stage for a comeback if the spx doesn"t join it going down. i have a few dollars on that outcome.

[redfoliage2]

NAZ could be setting the stage for a comeback if the spx doesn"t join it going down. i have a few dollars on that outcome.

 

I'd not bet much on this expectation.   I see that bounces will be short lived before SPX 2180..........

Edited by redfoliage2, 01 December 2016 - 10:37 AM.

[lawdog]

it's looking that way.

[lawdog]

nothing like intraday dollar cost averaging to save the day, but i don't recommend the strategy.

[redfoliage2]

Update

The signal remains firmly in Bearish mode.

I see more selling to come in the next few days...........

[redfoliage2]

BTW, a H&S pattern has developed on the ES hourly with its neckline at 2194 broken.  The VST target for this pattern then should be around at 2174.

Edited by redfoliage2, 01 December 2016 - 01:35 PM.

[redfoliage2]

It looks a bounce day for NAZ as it's VST over-sold.......... 

Edited by redfoliage2, 02 December 2016 - 11:03 AM.

[redfoliage2]

Update

The signal remains Bearish.  I see more downside next week.........