10 replies to this topic

[NAV]

This is the first bearish signal i have got in the last 2 months. My ST trend turned down at SPX 2916 today.

 

I have two possibilities. A plain vanilla correction to the SPX 2909 gap and the resumption of the bullish trend. Or a more bearish smash to the SPX 2821 gap - October scare !. TWT which one it is.

[LMF]

Fed rate hike syndrome......struggle on the upside for about a month starting tomorrow.

[tsharp]

My SAR swing system is still long from 2832... looking for a wave-b low (today may have been it), then a move upward in wave-c.

 

 

[slupert]

Bearish as well, Uncle Buck lost its 50ma last week, a week before a fed meeting??? hmmm. Rates increases will probably gain steam and dot plots will move up, so is the problem slower growth. better pay attention to which day Uncle Buck goes sfter the Fed announcement. (JMHO)

[NAV]

My SAR swing system is still long from 2832... looking for a wave-b low (today may have been it), then a move upward in wave-c.

 

 

 

Your channel is broken now ! Still bullish ?

[tsharp]

Not quite broken, but I am open to revising the fractal count... also I'm wary of the momentum indicator line being so close to breaking its UTL - that's all that matters in my system... fractal counts are made in light of trend.

 

The alt count to this, is that the drop after Fed was a wave-c, and it would have to rally from here... twt.

 

 

Edited by tsharp, 26 September 2018 - 08:29 PM.

[tsharp]

No break in trend at this time, and the former count also appears to still be in tact:

 

[SemiBizz]

Yep, F'eds engineering works again... they always have meetings during either an OPEX week or a MONTH END like this week... They let go of their VIX suppressors for an hour yesterday afternoon... the bears took the bait and it sold off to the lows... then, according to the plan, they ran the futures up overnight... Swiss National Bank came in a scooped up a cheap AAPL and ran It up 5 bucks... it's the month end markup.... AMZN up 32 or the price of a share of AMD...  Gloom and Doom to resume... next week.

[tsharp]

Yep, F'eds engineering works again... they always have meetings during either an OPEX week or a MONTH END like this week... They let go of their VIX suppressors for an hour yesterday afternoon... the bears took the bait and it sold off to the lows... then, according to the plan, they ran the futures up overnight... Swiss National Bank came in a scooped up a cheap AAPL and ran It up 5 bucks... it's the month end markup.... AMZN up 32 or the price of a share of AMD...  Gloom and Doom to resume... next week.

 

The BOYZ were shaking out the weak players... the game is always afoot!

[NAV]

My ST trend is still down. I need another day to decide on a trend change. Will update if it changes. Until then the plan is to re-short all bounces.