18 replies to this topic

[kinga200]

First stop would be at 2,210.77.  If that breaks with volume the we are going to see a full retrace to the 11/4 bottom.

 

My system looks simular to the end of last year.  But I agree with Red, I think they try to bounce it on the 1/3 at least that is what the 15 Min timeframe is telling me.

 

Happy New Year to everyone!!

[kinga200]

First stop would be at 2,210.77.  If that breaks with volume the we are going to see a full retrace to the 11/4 bottom.

 

My system looks simular to the end of last year.  But I agree with Red, I think they try to bounce it on the 1/3 at least that is what the 15 Min timeframe is telling me.

 

Happy New Year to everyone!!

Also, my daily trend model on Gold turned up today...it looks very strong here.

[SemiBizz]

So what about that big gap up we're going to see on Tuesday?

 

They do this every year...

 

Some of those gaps didn't fill...

 

Yearly gap up... powerful support... if it holds.

 

Something to think about...

[alexnewbee]

So what about that big gap up we're going to see on Tuesday?
 
They do this every year...
 
Some of those gaps didn't fill...
 
Yearly gap up... powerful support... if it holds.
 
Something to think about...

IMHO chance for gap up 75%, if it happens they could run it to 2295-2300 (well, my target 2295), 1973 fractal. Told it in some other thread. Also RUT target 1407 is not taken yet.
Of course I could be wrong. Time will tell.

[kinga200]

So what about that big gap up we're going to see on Tuesday?
 
They do this every year...
 
Some of those gaps didn't fill...
 
Yearly gap up... powerful support... if it holds.
 
Something to think about...

[kinga200]

Gap in SPX the beginning of this year? Or u talking about Gold?

The SPX has a gap down the beginning of this year.

[Charvo]

I think there will be some selling in to lock in gains at the beginning of 2017, but this market isn't close to cracking big like at the end of 2016.  I am looking at XIV which is the inverse ETF for VIX.  That ETF is the strongest in the stock market universe now.  It's even stronger than the UDOW which is the 3x DOW.  When the XIV begins to start looking weak, then the US stock market has problems.  With that being said, I'm holding a partial position in the XLP which is showing relative strength vs international ETFs but being oversold vs major US ETFs.

[alexnewbee]

DAX indicates there will be quite a big gap up.

[dasein]

DAX very strong - we shall see - US should be more bullish than europe!