Jump to content



Photo

Short Sharp Pull Back Due

SPX

  • Please log in to reply
21 replies to this topic

#1 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,174 posts

Posted 18 April 2018 - 10:23 AM

I'm seeing my famous megaphone pattern develop here and at top.  It is a Y wave top, so Z to the down side is coming.  Megaphones target minimum the Z move to between 2635-39 on down side.  I think maximum is 2631,  The next low is due April 19th, Gann and Jupiter/Saturn say so.  A higher high is due next Tuesday as high as the 2750 area or thereabouts.  Apr 24 important top as we go down into May 4 to the low 2500's


Edited by blustar, 18 April 2018 - 10:24 AM.

Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#2 trioderob

trioderob

    Member

  • Traders-Talk User
  • 1,295 posts

Posted 18 April 2018 - 10:54 AM

will you follow up on this post - on the 25th  - and compare to this predication ?



#3 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 17,999 posts

Posted 18 April 2018 - 11:11 AM

It's likely that we will see a pullback very soon.  VIX is refusing to go down while SPX is up by 9 points.  My VST signal is at Neutral right now.



#4 NAV

NAV

    Member

  • Traders-Talk User
  • 16,087 posts

Posted 18 April 2018 - 11:14 AM

Are you still holding your shorts ?

 

So a 80 point drop by tomorrow and then a 110 point rally in the next 3 trading days and and a 250 points drop by May 5. I am willing to wager you will be wrong on all of those 3 forecasts.

 

If the VIX was trading at 30-35 levels, i would think that kind of prognostication has any credibility. It's amazing you have not changed at all over the years.  


"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#5 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,174 posts

Posted 18 April 2018 - 01:39 PM

The last time I forecast on a megaphone pattern everyone thought I was nuts and that was early 2014. How much do want to wager that I will be close on these forecasts?  How about a gentleman's bet of $1?


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#6 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,174 posts

Posted 18 April 2018 - 01:42 PM

May 5 at least or around 216 points down from the Apr 24 top could be larger. You feel lucky? LOL


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#7 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,208 posts

Posted 18 April 2018 - 01:42 PM

DJUSEN ON FIRE NOW

 

612s


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#8 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,174 posts

Posted 18 April 2018 - 02:10 PM

What is DJUSEN?


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#9 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,208 posts

Posted 18 April 2018 - 02:18 PM

 

 

Dow Jones US Energy Index....

 

On a roll...


Edited by SemiBizz, 18 April 2018 - 02:20 PM.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#10 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,174 posts

Posted 18 April 2018 - 03:11 PM

will you follow up on this post - on the 25th  - and compare to this predication ?

Yes I will


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 






Also tagged with one or more of these keywords: SPX