9 replies to this topic

[redfoliage2]

Currently in the Neutral mode.

[tommyt]

Were you looking for a big down today, December 4th? You are probably minute to hour time frame, but on the daily the Mc Osc pulled back to 0 and is now bouncing. We are potentially at the divergence phase, but the bull market in December hasn't done much bearish wise yet. It favors higher highs, or a higher level pullback zone. The surprise would be door #3, something bigger on the downside or maybe a melt up. Trade em till there is a tone change.

 

http://stockcharts.c...id=p83733137120

Edited by tommyt, 05 December 2016 - 08:35 PM.

[redfoliage2]

I was looking for a "relief rally" today.  Now I'm looking for a down day tomorrow/Wednesday

Edited by redfoliage2, 05 December 2016 - 08:47 PM.

[redfoliage2]

Update

The signal just turned into Bearish mode.

[redfoliage2]

It's hard to hold up at this level....

Edited by redfoliage2, 06 December 2016 - 11:37 AM.

[redfoliage2]

The Trump economy has been painted rosy.  But the hype is just a hype.  How the likely trade war will affect global economy? How the 35% tax planned by the new president on companies having factories outside USA will affect S&P earnings ?

[redfoliage2]

The signal now is back into Neutral mode.  

Edited by redfoliage2, 06 December 2016 - 11:57 AM.

[dasein]

if they take away the mortgage interest deduction - Americans will not be happy!!!!

[redfoliage2]

Update

The signal is turning toward Bearish....................

Edited by redfoliage2, 07 December 2016 - 10:01 AM.

[redfoliage2]

Still in the Neutral mode............