VST currently at Neutral.
ST Bearish.
IT Bearish.
Edited by redfoliage2, 24 July 2018 - 10:11 AM.
VST, ST and IT Signals Update
Started by
redfoliage2
, Jul 24 2018 10:06 AM
22 replies to this topic
#2
redfoliage2
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Posted 24 July 2018 - 10:07 AM
I think selling bounces should work............
Edited by redfoliage2, 24 July 2018 - 10:15 AM.
#4
redfoliage2
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Posted 24 July 2018 - 10:27 AM
I see there will be more bounces this week as the week is loaded with earnings reports................
#5
dTraderB
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Posted 24 July 2018 - 10:39 AM
Possible, could make new SPX highs.
However, the top will be in by end of July, or latest, first week in August
#6
dTraderB
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Posted 24 July 2018 - 10:40 AM
Markets do not go up for more than a week or two based on PAST earnings.
#7
redfoliage2
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Posted 24 July 2018 - 10:58 AM
Possible, could make new SPX highs.
However, the top will be in by end of July, or latest, first week in August
There will be sharp bounces like today's move upon good earnings till the mid of next week................
#8
redfoliage2
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Posted 24 July 2018 - 11:22 AM
However bounces will be sold as IT is bearish. Expect today's gap to be filled by sometime tomorrow...................
Edited by redfoliage2, 24 July 2018 - 11:31 AM.
#9
redfoliage2
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Posted 24 July 2018 - 11:41 AM
The risk is high to go long with the divergence between prices and internals at this toppy place. That's why currently I see selling into bounces has less risks.
Edited by redfoliage2, 24 July 2018 - 11:44 AM.
#10
redfoliage2
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Posted 24 July 2018 - 12:01 PM
VST signal now in Bearish mode..............
