13 replies to this topic

[NAV]

I am looking to go long above 2557.

 

One can make a case for either a sharp bearish correction or a parabolic rise here. The way the market has consolidated and absorbed all the selling the last few days, i think we are going to see a vertical move in the market today to the upside.

[NAV]

Long now from SPX 2557. STOP currently at 2548, but will move it up shortly, based on price action.

[NAV]

The board is eerily silent today. No bull or bear predictions. These kind of days typically result in big sharp moves (up or down). The board being mum is a sign of uncertainty. Uncertainty is the rocket fuel for markets!

[12SPX]

or its just so boring that theres nothing to say lol!

[da_cheif]

or its just so boring that theres nothing to say lol!

yup     http://www.siliconin...?msgid=31303562

[dowdeva]

The SPX / VIX correlation chart provided by Tom McClellan and brought here courtesy of Rodger Dodger has been very useful. Very high right now.

 

 

McClellan stated in his commentary it often preceds a down move. However, after studying it a while, there is also often a sharp up move first.

 

Interestingly, it also works intra-day for sharp moves, but moves can go either way. Here it works somewhat like neutral fractal energy indicator.

 

 

Edit: From the looks of the intra-day chart there could be a big sell off into the close

Edited by dowdeva, 13 October 2017 - 11:19 AM.

[NAV]

Another listless trading day. Exited my position at SPX 2554 for a 3 point loss. Will look at this next week

[dowdeva]

...And a sell off into the close it was.

[alexnewbee]

They will gap it up on Monday
And sell

[dowdeva]

I think so too.

 

 

Cycle projection to 2490'ish. First down projection in a while. Usually the first crack through is bounced.