12 replies to this topic

[redfoliage2]

In Bullish mode.

[redfoliage2]

Instead of late afternoon selling it's afternoon buying, the market behavior has changed. 

Edited by redfoliage2, 07 March 2018 - 03:17 PM.

[redfoliage2]

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.

[redfoliage2]

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.

[cycletimer]

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.

[redfoliage2]

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.

[Waver]

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?

[redfoliage2]

Neutral now.

[redfoliage2]

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.

[redfoliage2]

So far it looked just a consolidation on the fly.............