5 replies to this topic

[dTraderB]

Good to be back on again after serious la[top ans related issues

 

The Markets badly want to rally but each move up is sold and there seems to be a stalemate

 

More later

[redfoliage2]

It's because the fake news from the US China trade talk that is holding up the market and providing a support.  We should see a decisive move next week............

Edited by redfoliage2, 18 May 2018 - 09:10 AM.

[Data]

Debt is actually starting to rise again.  We may getting a lather, rinse, and repeat cycle here.  The Treasury raises funds in the auctions, builds up its cash balance, and then uses some of the cash to pay down debt

[dTraderB]

All this negative and fake news about trade war. N Korea etc, yet the market remains very resilient! 

If it closes about SPX 2730, then this is a bullish consolidation that can take it all the way to 2800

On the other hand, and there is always another side: close below SPX 2700 is bearish, an IT top

 

See BUYs here, but bear in mind the market does what the F it wants to do, ignores any buy or sell signals, does not care about overbought or oversold etc

DP Bulletin #3: Trend Models on BUY Signals in All Timeframes as Dow Triggers ITTM BUY

Erin Swenlin |  May 17, 2018 at 06:32 PM

 

http://stockcharts.c...s-ittm-buy.html

[dTraderB]

Most likely, markets will finish lower today but I will not be surprised if there is a strong rally that takes SPX into the close above 2730.

[tsharp]

My best guess at this time is that wave-c:ii is working through an edt... time will tell.

 

 

Link to chart:  https://postimg.cc/image/unxv092vr/