8 replies to this topic

[redfoliage2]

Currently turning to Bearish mode..................

Edited by redfoliage2, 28 August 2018 - 09:24 AM.

[redfoliage2]

Its trying to hold up for one more day.........

[typicalbear]

Today it was reported that the consumer confidence index rose to 133.4 in August. It was the highest reading since confidence stood at 135.8 in October 2000.  ( after which the S&P declined 621points )

[redfoliage2]

_{Currently Neutral.}

_{The risk now is huge if one chooses to go long as the market is front running on a possible agreement between US and Canada on the trade talk.} 

[redfoliage2]

Update

Currently at Neutral and turning toward Bearish...............

 

US market has been front running on the possible US Canada trade agreement and it's likely we will see a "Sell on the News"  tomorrow.  Meanwhile China market tanked last night indicating US China trade war will heat up again in September.  Be prepared for a correction in September.

[redfoliage2]

The signal now is in Bearish mode...............

[redfoliage2]

Update

The signal is currently at Neutral.

The market is currently holding up by the pending US Canada trade agreement.............

[redfoliage2]

If an agreement is announced after the market close today or over the weekend there is likely a rally early next week to retest the recent high and form a double top, then it's over............

Edited by redfoliage2, 31 August 2018 - 12:34 PM.

[redfoliage2]

Update

Neutral.  The market is still waiting for a pending result from the US Canada trade talk to be resumed tomorrow.