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spx and Europe...secondary top by mid July


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#1 andr99

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Posted 02 July 2018 - 04:09 PM

I' m out and waiting to enter as soon as the downtrend resumes. I' m so bored by this market lately that my internet navigation is only on youtube, where I' ve learned by some Venetic compatriots of mine that geography is an opinion.....after a few beers 

 

 

my funny Venetic people  

 

''what is Brennero (Brenner...an alpine pass) ?

answer :

It's a road In Trento where there are the escorts..........LOL


Edited by andr99, 02 July 2018 - 04:17 PM.

forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#2 robo

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Posted 04 July 2018 - 09:20 AM

I'm on  the sidelines too waiting for the ICL to confirm. I think these huge swings will continue...

 

The SPX daily still below the 10 and 50 MA, but the BOW was looking better yesterday. Waiting and trading the metals/miners..

 



#3 robo

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Posted 04 July 2018 - 09:21 AM

SPX weekly still under the 10 MA

 



#4 robo

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Posted 04 July 2018 - 09:23 AM

I trade VXF only, and it did bounce off the 50 MA, but still under the 10 MA....

 

Waiting to go long again.... The huge volume spike is often a very good warning indicator for trading VXF.  Especially when we are overbought and deep in the daily cycle. I also use patterns that sometimes repeat....

 

Good trading next week!

 


Edited by robo, 04 July 2018 - 09:31 AM.