In Bullish mode.
VST Signal Update
Posted 07 March 2018 - 03:16 PM
Instead of late afternoon selling it's afternoon buying, the market behavior has changed.
Edited by redfoliage2, 07 March 2018 - 03:17 PM.
Posted 07 March 2018 - 03:17 PM
From the market performance today it's obvious this market wants to go up. I'm looking for a gap up tomorrow..............
Edited by redfoliage2, 07 March 2018 - 03:23 PM.
Posted 07 March 2018 - 03:26 PM
The message I received from the market today:
VST SPX is poised to challenge the upper end of the recently established range: 2780 - 2800 by the end of OpEx Friday.
Edited by redfoliage2, 07 March 2018 - 03:28 PM.
Posted 07 March 2018 - 04:10 PM
Just a heads up:
OpEx next week that is bullish biased;
After next week it's time for the EOQ windows dressing run;
Then it's time for a pre-earnings run up........................
Probably that's why the market shrugged off the Cohn's news, mounted an intra-day reversal, and closed higher today.
Edited by redfoliage2, 07 March 2018 - 04:13 PM.
Posted 07 March 2018 - 04:18 PM
I agree, I believe the lows are now in for this multi-week move down. Today's low was news-related which is a temporary event.
Lows are in and now expect a multi-week move down? If the lows are in why would the market move more down? Typo?
Posted 08 March 2018 - 10:59 AM
It may have to do some consolidation here before further north. As long as SPX 2720 holds bulls should be okay on the way to the ST target 2780 - 2800.
Edited by redfoliage2, 08 March 2018 - 11:07 AM.
Posted 08 March 2018 - 11:23 AM
So far it looked just a consolidation on the fly.............