As of the close of last Friday VST Neutral, ST Neutral and IT Neutral. The ST bounce may have run its course and IT can still turn back into bearish. Now with the politicians back from vacation the market turns its focus back on the tax bill for the next few weeks....................
Posted 26 November 2017 - 08:30 PM
That is exactly what I was thinking, My timing cycles are trying to get me short the open tomorrow, and flip long Wends. But we may just grind sideways until wends. and the shoot to the 2620 level. Either way I have next week the beginning of a more serious decline. Also an important low in gold after friday the 1st of Dec.
Not sure if I will take this VST sell cycle Monday or not. May wait for the buy on Wednesday.
Posted 28 November 2017 - 03:56 PM
The market action today indicates that the tax bill is very likely to pass. Who said politics has nothing to do with market performance?
I will stop posting signals for a while as the market right now is purely news driven, i.e. the tax bill pass or not ...............
Edited by redfoliage2, 28 November 2017 - 03:58 PM.