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Monday is the bifurcation point


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#1 NAV

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Posted 02 March 2018 - 11:57 PM

If we breakout above SPX 2725 and sustain, we are going to turn the short term trend up and could trigger a rally towards 2800+.

 

If we get rejected on Monday anywhere below 2725, it would trigger a swing short, which will be a wave 3 kind of downside move.

 

I am ready to go either way depending on the action !

 

Have a good weekend. It's going to be hectic next week wink.png

 

P.S - Short term trend is still down as of Friday's close.


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#2 bighouse1006

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Posted 03 March 2018 - 12:06 AM

I couldnt agree more. Just look at the last 4 days on the $Rut, 30 point intraday moves each day.

#3 redfoliage2

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Posted 03 March 2018 - 11:54 AM

Heads up:  Italian Election on Monday and we may see reactions from the European and US financial markets:

 

https://www.investme...s-a-euro-killer



#4 cycletimer

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Posted 03 March 2018 - 04:06 PM

Here's one threat to Friday's late rally:  https://www.cnbc.com...k-heats-up.html


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#5 tommyt

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Posted 03 March 2018 - 04:51 PM

"Here's one threat to Friday's late rally:  https://www.cnbc.com...k-heats-up.html"

 

No one wins in a trade war. 2018 is my year of volatility, it will continue.


Edited by tommyt, 03 March 2018 - 04:52 PM.


#6 andr99

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Posted 03 March 2018 - 06:29 PM

Heads up:  Italian Election on Monday and we may see reactions from the European and US financial markets:

 

https://www.investme...s-a-euro-killer

 

 

heads up.....Sunday the leftists will be politically erased from this so called country. The dog (the North) will free itself from at least part of its @@@@@....others remain, but one thing at one time


Edited by andr99, 03 March 2018 - 06:33 PM.

forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#7 ryanoo

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Posted 04 March 2018 - 06:11 PM

Heads up:  Italian Election on Monday and we may see reactions from the European and US financial markets:

 

https://www.investme...s-a-euro-killer

"Italy election: Exit polls point to no party gaining absolute majority in parliament as polls close"

http://www.independe...a-a8239606.html

What does it mean to euro and market?



#8 andr99

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Posted 05 March 2018 - 01:04 AM

as expected.......the real final result, which is not an exit poll, says that the leftists have been destroyed while Mr Berlusconi, who is always tanned also in Winter, hasn' t been able to get over 15%. The comical thing is that those that are said to be far right parties.......in America would be considered socialists 


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#9 andr99

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Posted 05 March 2018 - 03:04 AM

I' m laughing also from my @@@ hole......the faces of the leftists on TV are something I would have paid for, given for how long I have waited to see them like that. I need to buy a dvd recorder because I want to record them and keep the memory of this moment LOOOOOL 

 

don' t worry my dear leftists and be happy.....life is like that....next time we want you below 3%


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#10 GreatWarrior

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Posted 05 March 2018 - 12:41 PM

So Nav, are you shorting today? 

 

I am thinking to wait for SPX 2730, be it today Monday, or tomorrow. 

 

Thanks