Even with this jacking up at the open the VST signal is firmly in bearish mode. I believe this is the time and the prices to sell bounces.
My FF
#11
Posted 22 September 2017 - 08:53 AM
#12
Posted 22 September 2017 - 10:32 AM
All VST supports for SPX have been broken and the next support is at 2491. I see it will be challenged either in the afternoon or next Monday, even though there may still be bounces on the way down.
Edited by redfoliage2, 22 September 2017 - 10:34 AM.
#13
Posted 22 September 2017 - 12:27 PM
VST signal now turned into Neutral mode.............
#14
Posted 22 September 2017 - 01:42 PM
Something is holding up this market today. It's possible that they take SPX back above 2500 by the close.
#15
Posted 22 September 2017 - 02:24 PM
If SPX closes today above 2501, then Monday should be an up day, maybe even a gap-up..................
#16
Posted 22 September 2017 - 02:36 PM
Something is holding up this market today.
Yea...it's called excess liquidity.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
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#17
Posted 22 September 2017 - 02:42 PM
NYAD is not 100%. It did not help in 2010, 18% Nasdaq drop in 2 weeks.
It's probably not a good idea to compare the NYSE A/D line that trades on one broad based exchange with that of either the NASDAQ 100 or even the S&P 500...it's like mixing oil and water, they don't mix.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#18
Posted 22 September 2017 - 02:44 PM
If SPX closes today above 2501, then Monday should be an up day, maybe even a gap-up..................
Consider this: The WH is to outline the tax plan on Wed. With the Street's mind conditioning games, (up is good - down is bad) a rally to new highs will create a feeling that giving tax breaks to very rich corporations with record earnings is a good idea.
#19
Posted 22 September 2017 - 02:56 PM
If SPX closes today above 2501, then Monday should be an up day, maybe even a gap-up..................
Consider this: The WH is to outline the tax plan on Wed. With the Street's mind conditioning games, (up is good - down is bad) a rally to new highs will create a feeling that giving tax breaks to very rich corporations with record earnings is a good idea.
Germany election over the weekend may be also a factor. But if the election result is not what the market anticipating, you know what will happen.................
#20
Posted 22 September 2017 - 07:26 PM
NYAD is not 100%. It did not help in 2010, 18% Nasdaq drop in 2 weeks.
It's probably not a good idea to compare the NYSE A/D line that trades on one broad based exchange with that of either the NASDAQ 100 or even the S&P 500...it's like mixing oil and water, they don't mix.
Fib
My point is that you don't need to have a divergent A/D to get a 15-20% short term sell off, counting on a new highs NYAD to prevent that
is very risky. A secular bear market is different and you would need the divergence to start that type of long term decline.