2 replies to this topic

[Geomean]

Interesting set up here.  The 1929, 1987 analog has run it's course, without a crash, but it was a pretty good guide until the end.

 

The Hurst is generally bullish into early to mid April and marks Friday as at least a 40 day low or larger.  It is suggesting that we are in the early stage of either a minute wave C of a corrective 2 or a small 5 wave impulse that will print new highs in a few indices. 

 

The DeMark signals show SPX on day 12 of a buy countdown (Perl's settings) and it completed a TD Buy set up 9 at the close today, as did Compx, $INDU, and $NDX.  Its 200 DMA was hit Friday.   ($RUT completed a TD Buy Set Up 9  at the Feb low). $RUT and $INDU are on day 11 of 13 of a buy countdown.  $RUT is hovering above a .618 retrace of the rise from the Feb low. Almost every index has hit a sacred number on their retraces.

 

Although we've seen whipsaws, the Williams 5/34 MACD shows that downward momentum waning.

 

So if it's looking like this resistance zone has/will hold, I'll be leaning long for a week or two.  Opened a couple of positions today and am net green so far.

 

The Hurst is very bearish after an early-ish to -mid April  high.

Edited by Geomean, 27 March 2018 - 04:22 PM.

[K Wave]

NQ futures trying to make one of those overnight bottom patterns...

 

If they can hold it over 6550 for any length of time,  could wake up to another gap up...

 

Stop below 6540 now....

[bigbud]

imho 1929 and 1987 aren´t dead yet. Those also tried to bounce from horisontal support, trying to make some kind of a double bottom, but failed very quicly and escalated downwards. So still have to watch the next couple days before the setup is dead

 

Interesting set up here.  The 1929, 1987 analog has run it's course, without a crash, but it was a pretty good guide until the end.

 

The Hurst is generally bullish into early to mid April and marks Friday as at least a 40 day low or larger.  It is suggesting that we are in the early stage of either a minute wave C of a corrective 2 or a small 5 wave impulse that will print new highs in a few indices. 

 

The DeMark signals show SPX on day 12 of a buy countdown (Perl's settings) and it completed a TD Buy set up 9 at the close today, as did Compx, $INDU, and $NDX.  Its 200 DMA was hit Friday.   ($RUT completed a TD Buy Set Up 9  at the Feb low). $RUT and $INDU are on day 11 of 13 of a buy countdown.  $RUT is hovering above a .618 retrace of the rise from the Feb low. Almost every index has hit a sacred number on their retraces.

 

Although we've seen whipsaws, the Williams 5/34 MACD shows that downward momentum waning.

 

So if it's looking like this resistance zone has/will hold, I'll be leaning long for a week or two.  Opened a couple of positions today and am net green so far.

 

The Hurst is very bearish after an early-ish to -mid April  high.