13 replies to this topic

[redfoliage2]

The signal is currently in bullish mode.

It turned into Neutral by the close yesterday and turned into bullish this morning.  See my previous post.

Edited by redfoliage2, 07 December 2017 - 11:17 AM.

[redfoliage2]

SPX has spent past several days doing consolidation and has built an ST bottom around 2620 to 2633.   Now let's see how far north it will go from this base.  It may go above 2660 to re-test the recent high, or make new highs, or this may be just an ST bounce to somewhere below 2660.............

Edited by redfoliage2, 07 December 2017 - 11:48 AM.

[redfoliage2]

Expect the bounce to continue tomorrow .................

[redfoliage2]

The signal turned into Neutral ...........

[salam]

Think we close at the lows Red

[salam]

Think we close at the lows Red

But I have been wrong before!

[redfoliage2]

 

Think we close at the lows Red

But I have been wrong before!

 

Some profit taking, but I'd not be surprised if tomorrow the bounce continues..............

[salam]

Need to close below 2632 for me to remain in the ST bearish camp

[redfoliage2]

I concur.

Edited by redfoliage2, 07 December 2017 - 04:11 PM.

[LarryT]

possible wave "iv" in progress, 2644 is the "b" wave bounce line in the sand. Stalls there expect a second drop toward 2600 to 2580. Still expecting 2800 and higher into Mar-May-2018.