9 replies to this topic

[RagingSpartan]

New highs will happen this year

[Waver]

Yea, it looks to be a triangle on the SP500 and there is new all time highs in cumulative breadth.  Looks to be Wave 'E' now but never know if Wave 'D' may extend before Wave 'E'.

 

Intermediate Term - break out to new all time highs.

[chem]

Yep and yep

 

But would add - spx wave d ideal target was 2720 so ideally 715 -725  where a move above 2730 makes the triangle very much less likely. Target for wave e is 2564 so 2559 - 2569 is ideal and most likely outcome for an overall triangle structure to complete - imo.

[robo]

I guess you are talking about the SPX index. In my opinion IWM and the NYSE are far more important indexes to watch

 

Edited by robo, 21 April 2018 - 08:36 AM.

[robo]

2000 

 

[robo]

There was some nice swings to trade in 2007, and this year is starting out the same way.  We shall see how it all plays, but I'm expecting some huge swings in both directions to trade the next few years.

 

Edited by robo, 21 April 2018 - 08:50 AM.

[robo]

Good trading next week to both Bulls and Bears. I will be staying nimble this year and making less and smaller traders. The whipsaws will continue in my opinion. 

 

Are the metals getting close to a big move? Is there currently a rotation going on out of last year's leaders?  Is the smart money selling now or BTFD?   If IWM and the NYSE keep making lower highs then the Bear has already started. 

 

My 2007 historical data chart for comparing to the current market.

 

History Does Not Repeat Itself, But It Rhymes.

 

Edited by robo, 21 April 2018 - 09:09 AM.

[robo]

The Metals/Miners...

 

[robo]

2018  -  My daily tracking data

 

A comment about the VIX from Jeff. I'm posting the link because the comment is on my daily data chart I posted.

 

We shall see how it all plays out, but I'll be keeping trades smaller and staying nimble.

 

https://www.jeffclar...re-for-a-storm/

 

 

Edited by robo, 21 April 2018 - 09:19 AM.

[robo]

I trade using cycles and sentiment, and have been trying to learn more about volume when I have the time.

 

https://twitter.com/tradingcoach1

 

http://volumedynamic...s#comment-86245

 

 

The 4/20/18 Weekend Report Preview

 

Stocks broke above the 50 day MA on Tuesday and the closed higher on Wednesday. However the swing high on Thursday along with closing lower on Friday caused stocks to close below the 50 day MA.

 

Friday was day 14 for the daily equity cycle. Stocks appear to be back testing the recent volatility zone as they decline into a half cycle low. Although close below the lower daily cycle band would indicate that the intermediate decline has begun. Currently, stocks are in a daily downtrend. They will remain in its downtrend unless they close above the upper daily cycle band.

 

https://likesmoneycy...report-preview/

 

Edited by robo, 21 April 2018 - 10:26 AM.