127 replies to this topic

[EntropyModel]

Imo
Needs to turn down by Tuesday or less it breaks up big again.
Somewhere along the line it doesnt pay to be bearish

 

I find it doesn't pay to have any bias - bearish or bullish. Hence my tag line.

[Waver]

Luckily I approach it the same way.
I may have an odds of what should happen ST to IT, but I approach every trading day with being unbiased as possible.

[EntropyModel]

Well,  so far has turned down ..and the long term LQ which has risen to new ATH, its close to sell signal here, so as said, I definitely

see this setup has high odds.

 

LQ has gone to sell as expected.

https://www.screenca...om/t/HK7vEk7IRe

 

SPX proxy swing signal sell looks similar

https://www.screencast.com/t/44TqZy3p1

 

2740 is a ST key pivot magnet - above it, I see chance for run back to 2800-2820 before a drop down again,  but  a drop under 2740

puts that pink path setup odds immediately on to 2660 area, i've updated that setup chart here -

 

https://www.screencast.com/t/KGZMJ45l

[Waver]

Indeed

Surely looks like the market is in the Bear's hands here.

And I do agree totally with the 2740 level, very key.

Can easily see an acceleration down with that being breached. 

[EntropyModel]

Well we tested the 2740 pivot magnet and have bounced - nice.

 

The hard question is does it hold?   My system putting high'ish odds that after a bounce here, it fails...

but lets see how far the bounce gets by close-open tomorrow, if it can't close today's gap down that

increases odds of imminent failure.( and the pink path playing out now )

 

Retail sentiment is OFF the CHARTS bullish - the most bullish on my signals since the jan top and in some more so.

But Liquidity is the most important, as said long term LQ is rolling over on my signals, but it hasn't broken down yet, but

next 2-3 session I see that high odds - if so, I can't see a big runup here on indexes off 2740 ...more like a 'b' wave type bounce only.

Edited by Entropy3.0, 19 June 2018 - 02:17 PM.

[Waver]

Bullish now?
Looks to be ready to turn up big time.

[EntropyModel]

Bullish now?
Looks to be ready to turn up big time.

 

I dont' see any change to above posted view - high odds in 'b' wave bounce off KP2740, likely to fail short of 2800 next 2- 3 sessions

then down to retest 2740  or fail through to 2680. Comp in 5th wave, may complete tomorrow.

[EntropyModel]

2748 this AM - retest of the low .. I see chance for another bounce here as part of 'b'...but its a tough read ...will observe for hour or so for better read of signals.

As said any move through KP2740 rules that out and high odds down to 2680 or lower.

Edited by Entropy3.0, 21 June 2018 - 11:09 AM.

[EntropyModel]

Has tried to bounce all day, has failed  - Short term LQ is fractionally away from confirming turn down in long term LQ - which

is 99% of market direction ignoring all other signals - so, I lean now we at least test 2740 and high odds break it leading 

eventually to move toward 2680.

[EntropyModel]

We got 2745 yesterday ST low retest - but no test of 2740 still.

 

ST LQ has fired up again this AM ...that surprises me and means Long term LQ still hasn't rolled over.

 

Yet, so far, market still struggling, despite supportive ST buy signals.

 

My read remains were in a 'b' wave, that will eventually (and its hard to say when ) roll over to 2740, high odds through it to 2680.

( when - my best 'guess' is next week)

Edited by Entropy3.0, 22 June 2018 - 10:13 AM.