7 replies to this topic

[OEXCHAOS]

I often look "in the negative space" of data. It gives me inobvious insights.

 

Last night and this morning, I literally saw NO meaningful change in anything day over day. Worse, there was no concern in the sentiment anywhere, despite the sloppy trading.

 

Now, I have ZERO signals of any sort, so it's hard to call a specific trade, but I have a feeling that folks are sanguine enough that any bad news could catch a lot of folks flat-footed. So, far, the market is strong this morning, but I'd be very alert.

 

M

[tsharp]

With breadth still climbing, here's one possibility I published a couple hours ago:

 

 

 

Edited by tsharp, 28 March 2019 - 02:10 PM.

[OEXCHAOS]

Breadth is looking pretty good on the cumulatives.

 

M

[qqqqtrdr]

Lots of positives here....  I do have one big negative on 10-day Put/Calls are bearish, so my calculations do have a sell on the indices, but we shall see.   I don't see a large catalyst at the moment.

 

Barry

[tsharp]

In context... the wave-c:(x):(iv) target would be ~3040 or ~3290:

 

Edited by tsharp, 28 March 2019 - 04:28 PM.

[qqqqtrdr]

If you spawn out on the S&P500 on the monthly candlesticks we have "bearish deliberation".  Again, is it a false negative...  

 

I have the market 2% above the fair value range and 17% above undervalued...  

[tsharp]

And then there's also that upcoming golden cross...

 

[tsharp]

I realize the daily bar has not closed yet, but it sure seems the golden cross will bring buyers on board...