I am a bull, but I don't feel good so far ... this picture is from Tom McClellan
Posted 16 April 2018 - 12:52 PM
Feeling not so good is exactly what you want
Stop looking at all those time comparisons, they mean nothing IMO.
Posted 16 April 2018 - 01:22 PM
ummm, lower lows (above statement)
must get coffee
Posted 16 April 2018 - 03:48 PM
Well, nothing has changed since the January high, SP-1500 remains on a buy signal, odds are the wave pattern is a wave four off the 1810 low and 3200 is still a solid wave five target. Wave "D" window at 2707 to 2750 remains my focus.
Posted 16 April 2018 - 04:40 PM
The best bet for something like that would be in 2019. The FRB+ECB+BOJ net injections will turn negative in Q1.. Meanwhile, it took 6 months of teasing the 200-day moving average in 2000 and 2007 to build a top. It's not there yet.
Posted 17 April 2018 - 05:10 AM
Posted 17 April 2018 - 05:53 AM
Maybe after a Gap UP opening that is faded. We have two cycle turns over the next week, TODAY, 4/17 and next week 4/27....afterwards are turns on 5/7 and 5/27 (direction of turns is left up to the trader, I don't forecast turns, however I will fade the market at the turn. This two-day rally I'll fade with tight stops.