2 replies to this topic

[CLK]

Four out of the last five have been tops.

 

 

 

[redfoliage2]

This one will be very different from the ones in the recent years, it will cause a major market turn.  As the Fed goes asset shrinking and tightening stock indices will go into a long term correction mode.  You may call it a new Fed cycle.  By the end of the year you will see SPX at least 100 points lower from today's price.

Edited by redfoliage2, 19 September 2017 - 08:43 AM.

[salam]

Break of 2500 on an hourly basis sets us up for a tradable buy 2480-90 area.

Trumps mouth might get us as low as 2460 Thursday, but I doubt the gap gets filled so soon. Bulls dropped the ball today and my ST indicators are turning neutral.

Market too dull to go long or short. Best strategy on fed days is to trade small position with large stops to avoid whipsaws....or better still don't trade!

Interesting chart Red, thanks for sharing.

Edited by salam, 19 September 2017 - 06:08 PM.