7 replies to this topic

[NAV]

My system turned ST bullish at SPX 2840 today. Next logical outcome is all time new highs. 

 

Backing and filling is over. We should get a directional move now.

 

Good trading !

Edited by NAV, 17 August 2018 - 11:23 AM.

[12SPX]

My system turned ST bullish at SPX 2840 today. Next logical outcome is all time new highs. 

 

Backing and filling is over. We should get a directional move now.

 

Good trading !

I agree but I think were going to remain in this channel till we get new highs with lots of volatility.

[OEXCHAOS]

All I know is that the VIX P/C Sell got very little before the market came on. I think that's a sign of strength... that and cumulative breadth at highs.

 

M 

[hiker]

/ES 2760's before /ES 2898.75

 

good luck

 

cumulative Advance-Decline breadth for multiple exchanges and indices at new highs has accompanied the timing window of

prior major Tops ... imo, nothing safe about that as a basis for a bet or for managing a portfolio risk/reward protection ... 

 

over the decades, the A-D lines at new highs especially after weeks or months of the A-D lines' BB Bandwidth declining is NOT

a basis for betting on future price direction, if you want reliability

Edited by hiker, 18 August 2018 - 10:23 PM.

[Waver]

Hiker
What BB Bandwidth is declining? Unless you are talking from Aug 1st?

[hiker]

Advance-Decline Line status:
* bullish uptrend by the A-D line remains intact for all listed below, only while
the A-D line actually remains above the 19-day ema and above the 39-day ema

 

S&P 500
S&P 100
NYSE common-stocks-only
NYSE all issues
Nasdaq 100
Dow Jones Industrial
S&P 400
S&P 600

 

* A-D line 50,2 BB Width peaked in early or mid-June 2018 for
the S&P 500, the Nasdaq 100 and the two NYSE A-D lines and has since been generally
declining  with the S&P 500 A-D line Bandwidth  flattening
in late July and early August, so be vigilant whether the Bandwidth rises.

Since 2016, contracting volatility for the A-D lines reflected in declining BB width
 often takes the A-D lines to lower levels within their
Bollinger Band
 before an A-D line Bollinger Band
expansion takes place again

 

 Important related note -

** the various  McClellan Summation Indexes are
due for a high probability Summation bounce failure
and a  downside reversal unless :

the McClellan Oscillator for each index actually approaches the McO spike
high achieved in the week ended July 13th, and the McO's have shown no inclination

to begin such an effort to date, as of August 17, 2018

 

( I am hiking 84 miles weekly at high elevations, and gaining 7200 feet elevation over this distance with the goal to improve my time

each week - so do not check in often )

Edited by hiker, 19 August 2018 - 08:53 AM.

[NAV]

 

I am hiking 84 miles weekly at high elevations, and gaining 7200 feet elevation over this distance with the goal to improve my time

each week

Nice ! Where are you hiking?

[NAV]

 

My system turned ST bullish at SPX 2840 today. Next logical outcome is all time new highs. 

 

Backing and filling is over. We should get a directional move now.

 

There comes the new all time highs !

 

We still have a long way to go, as long as we have the kind of disbelief that we are seeing now.