Member
Posted 22 September 2018 - 02:52 PM
I mentioned recently that with the momentum indicator in its present position, it seems my 4.9.16 projection of ~3600 SPX may not be all there is. I did some additional calculations and by two different methods came within 8-points of each other for my next favored high target... the first I've already mentioned, which was ~5071, the second is ~5079.
Below is the weekly SPX with a potential road map to the higher target, should Armstrong's "vertical market" come to fruition.
Member
Posted 22 September 2018 - 04:14 PM
Member
Posted 23 September 2018 - 08:28 AM
Armstrong believes a veritical market is coming? When?
He believes a bear market after?
He has only suggested it's possible, but not there yet... at this point, because the NDX is the laggard (at the moment), his computer is saying the US markets are still in a consolidation phase.
Member
Posted 23 September 2018 - 10:58 AM
Not sure what explains the huge volume on Friday, other than triple witching.
Edited by PrintFaster, 23 September 2018 - 10:58 AM.
