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#1 NAV

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Posted 31 October 2017 - 11:52 PM

http://www.traders-t...ext-few-months/

 

The breakout on the monthly MACD is confirmed. So 90% odds that we will not get a correction of more than 10%, at least for the next 4-6 months. We might get some scary 5% dips but not a bear market kind of scenario, until this momentum stalls out and start diverging.


It's not the knowing that is difficult, but the doing. 


#2 NAV

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Posted 31 October 2017 - 11:54 PM

Short term swing trading is going to be challenging if this kind of trend persistence continues, without even 2% pullbacks. Best swing trading setups for a multi-day trade occurs when the market corrects 2% or more. 


Edited by NAV, 01 November 2017 - 12:00 AM.

It's not the knowing that is difficult, but the doing. 


#3 NAV

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Posted 01 November 2017 - 10:24 PM

FWIW, even during the 1987 peak the monthly MACD was making new momentum highs and still the market crashed. Nobody can rule out crashes based on any premise, ever. That's why they are called crashes. But i give that only a 10% chance.

 

Having said that, worrying about crashes has not made anybody a penny. Before a big correction, many things need to happen. Hourly turns down, daily turns down, 3 week lows gets taken out, Monthly 5 ATR gets taken out. It's only after that a real worry of big correction should kick until. 


It's not the knowing that is difficult, but the doing.