20 replies to this topic

[Swiss Trader]

Bingo 1

 Covered the rest @ 23342.2

[NAV]

 

Bingo 1

 Covered the rest @ 23342.2

 

 

Congrats !

[Swiss Trader]

 

 

Bingo 1

 Covered the rest @ 23342.2

 

 

Congrats !

 

 

Thanks! and congrats to you too

 

[Geomean]

^{If the SPX goes below 2547 then the odds greatly increase that wave 5's up from minute wave v and higher (pick your degree) are done.   Key battle is now and it's hard to see a completed 5 wave C wave or a 5 wave iii wave in the 60 min chart at the 161.8 extension area.  It's almost impossible on a 5 min chart in SPY which is signaling at least a bounce to the .382 retrace of the thrust down from the 2568 area.   If it follows the historic 60 min charts of prior high degree highs then that retrace fails. and price continues down as either a zig zag correction or as wave (i) of an impulse.} 

 

 

 

[Geomean]

My 5 minute SPY chart gave a TD Exit 1 signal (which is a rapid range comparison tool (using the consolidated most/least recent occurrence function) on this retrace.  SPY hit the .23.60 TD propulsion threshold and stopped.  A 5 min close above 254.02 SPY and figure the retrace goes to about 255.60 area for a little a-b-c.  Below 254.46 SPY it's game on for the bears and odds shift to the v down interpretation.  Qualifier, a TDSEQ 13 printed on the last 5 min SPY bar with a TD Exit so odds are we see the retrace continue and at least a retest of the 255.02 TD Propulsion threshold. If it recycles (exceeds the length of this 5 min are down), then odds increase for more down.  Fascinating market today.  It's already taken out a half month of movement up and just retested 254.46 low and broke it so the TDSEQ buy on the 5 min recycled and canceled. A break below SPY 254.35 will bring in trend followers. The 1.382 fib extension in SPY for a subminuette v wave move is 253.55. 

Edited by Geomean, 25 October 2017 - 11:18 AM.

[NAV]

After 32 consecutive days above 80, finally the Full Stoch on SPX broke below 80 today. I love it, when i see a good correction.  Good swing trade follows it. This correction could run for another day or two.

Edited by NAV, 25 October 2017 - 12:04 PM.

[Spectacular Bid]

Nav Great work today. Very well done.

[Geomean]

There's that retrace to @ 50% and we'll see if the 60 SPY chart prints 5 waves down.

[alexnewbee]

They will squeeze this thing to 2587 abt.
IMHO

[OEXCHAOS]

After 32 consecutive days above 80, finally the Full Stoch on SPX broke below 80 today. I love it, when i see a good correction.  Good swing trade follows it. This correction could run for another day or two.

 

Good trading, NAV, et al.

 

FWIW, I bought the rally pullback in the afternoon yesterday and made a few shekels. I think they run it again before they take it down. I've got an Options Oscillator Buy and an OEX P/C Buy. And everything turned negative.  :/

I do think we're going to get a bit of a pullback here, and I note that things will reset very quickly if we do.

 

M