Jump to content



Photo

Another Dow Wave Expected

SPX

  • Please log in to reply
7 replies to this topic

#1 blustar

blustar

    blustar

  • Traders-Talk User
  • 5,184 posts

Posted 08 March 2018 - 10:23 AM

My system tells me another down wave coming by tomorrow.  Target SPX 2619-2645.  Next week looks bullish, especially into Mar 15.  Above 2789, maybe 2791/92 or so, I'm not sure.  Next major low Mar 29.

 

Sorry I meant DOWN wave


Edited by blustar, 08 March 2018 - 10:24 AM.


#2 Waver

Waver

    Member

  • Traders-Talk User
  • 190 posts

Posted 08 March 2018 - 10:31 AM

The down wave starts after Bullish week next week?

#3 blustar

blustar

    blustar

  • Traders-Talk User
  • 5,184 posts

Posted 08 March 2018 - 12:02 PM

This down wave is in to Friday this week.  I'm thinking somewhere around 2630 SPX.  Next week looks bullish, very bullish. I don't know what would cause it but a news event is likely.



#4 blustar

blustar

    blustar

  • Traders-Talk User
  • 5,184 posts

Posted 08 March 2018 - 01:36 PM

IF we gap down hard and hit the low 2640's SPX then that would be it I think. I would be a buyer there (and cover my shorts).  IF not and we go until day's end, then around 2630 could hit in the last hour..  So, 2630 to 40 area I would think on Friday would be the ultimate down wave.  Much higher prices I think into Thursday/ Friday next week above 2789 looks right to me.



#5 Waver

Waver

    Member

  • Traders-Talk User
  • 190 posts

Posted 08 March 2018 - 02:23 PM

Thats a pretty big move you are expecting.
Lets see......

#6 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 2,130 posts

Posted 08 March 2018 - 02:55 PM

Almost S&P 100 points in 25 hours trading (now until 5pm EST Friday)
Not impossible but will require a major event, maybe the NFP on Friday 8:30am EST - inflation-friendly high hourly wage increase etc



#7 ryanoo

ryanoo

    Member

  • Traders-Talk User
  • 113 posts

Posted 08 March 2018 - 03:38 PM

Almost S&P 100 points in 25 hours trading (now until 5pm EST Friday)
Not impossible but will require a major event, maybe the NFP on Friday 8:30am EST - inflation-friendly high hourly wage increase etc

 

Like this ???

DXfdr6RU8AAF9sP.jpg



#8 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 2,130 posts

Posted 08 March 2018 - 05:21 PM

Of course, that is possible but it's an outlier market event with a low probability. 

I would welcome a big-range unidirectional day after the last few days of choppy and wild swings.







Also tagged with one or more of these keywords: SPX