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SPX 2324-2326


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#1 SemiBizz

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Posted 13 February 2017 - 08:42 AM

From Today's SPX Forecast:

 

Friday the SPX rallied to a high of 2319 - in line with the expected resistance pivot we gave you into Friday, and then closed at 2316, on another one of those pivots.  For Monday, conditions look favorable for a continuation of the rally and a possible test of our resistance target from 2324-2326, even if we continue a pullback early.  At this time, pullbacks are shallow and these gaps are holding,

 


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#2 SemiBizz

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Posted 13 February 2017 - 09:30 AM

Prolly gonna need to see AAPL break out of 134.54 and

 

GS 250...

 

Harmony...


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#3 thoughtpwr

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Posted 13 February 2017 - 10:14 AM

SemiBizz: We have three gaps. Does this turn into a three gap play?  I presume we retrace down to 230.75 in that case?



#4 SemiBizz

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Posted 13 February 2017 - 10:55 AM

No you can't just assume because there are gaps below that they will be immediately filled...

 

And there's more like 30 of them...if we count back to 666... lighten.gif

 

Right now there's no reason at all to expect anything to change...

 

2324-2326 can just be a waypoint to a higher Fibonacci target...

 

There's absolutely no reason to be bearish here until at least, at the very least too.. one of those gaps is filled... that starts at 2316...

 

I see odds for such a move on any sustained price under 2324...

 

We can digest this waypoint here and move straight up to 2334

 

I would not be short this market right now...


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#5 SemiBizz

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Posted 14 February 2017 - 10:19 AM

Prolly gonna need to see AAPL break out of 134.54 and

 

GS 250...

 

Harmony...

 

Yellen talking up rate hikes... GS just broke the last high on it's way to the ALL TIME HIGH  ... 250.70.

 

HARMONY !!!

 

It's really a beautiful thang...


Edited by SemiBizz, 14 February 2017 - 10:19 AM.

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#6 SemiBizz

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Posted 14 February 2017 - 10:38 AM

Right now there's no reason at all to expect anything to change...

 

2324-2326 can just be a waypoint to a higher Fibonacci target...

 

There's absolutely no reason to be bearish here until at least, at the very least too.. one of those gaps is filled... that starts at 2316...

 

I see odds for such a move on any sustained price under 2324...

 

 

 

I'm watching for this move to develop...


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Volume is the only vote that matters... the ultimate sentiment poll.

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#7 SemiBizz

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Posted 14 February 2017 - 10:43 AM

MEANWHILE... BIG hourly Sign of Strength for GS...  Ugly Squid-Squeeze...

 

yes.gif


Edited by SemiBizz, 14 February 2017 - 10:44 AM.

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#8 SemiBizz

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Posted 14 February 2017 - 11:02 AM

BOND MARKET Volatile...

 

TLT rolled over on blowout hourly volume here...

 

 

EUR$ just slammed on very strong hourly volume to 105.6X


Price and Volume Forensics Specialist

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Volume is the only vote that matters... the ultimate sentiment poll.

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#9 SemiBizz

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Posted 14 February 2017 - 11:26 AM

Well, we are very close now...

 

AAPL trading at 134.18 ... 134.54 All Time High

 

GS trading at 249.85 ... 250.70 All Time High


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Volume is the only vote that matters... the ultimate sentiment poll.

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#10 SemiBizz

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Posted 14 February 2017 - 12:56 PM

AAPL GETS OVER...

 

GS PUSHING THE HIGH OF DAY....

 

PUSHHHHH

 

we need that high tested.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics