SPX hourly

As i posted yesterday, a break of the 1131 pivot called for a test of SPX 1115-1120 area. We got that test today. We are in the bottoming area. But no signs of bottoming or a buy signal yet. Will post when the signal gets generated.

As i posted yesterday, a break of the 1131 pivot called for a test of SPX 1115-1120 area. We got that test today. We are in the bottoming area.

But no signs of bottoming or a buy signal yet. Will post when the signal gets generated.

Come over to the bear camp...it's been a long time since you went short!

As i posted yesterday, a break of the 1131 pivot called for a test of SPX 1115-1120 area. We got that test today. We are in the bottoming area.

But no signs of bottoming or a buy signal yet. Will post when the signal gets generated.

Come over to the bear camp...it's been a long time since you went short!

Porsche,

This is an area where we are going to generate a huge buy signal or generate a continuation sell signal. I will need another day or two to determine which. I am waiting patiently.

As i posted yesterday, a break of the 1131 pivot called for a test of SPX 1115-1120 area. We got that test today. We are in the bottoming area.

But no signs of bottoming or a buy signal yet. Will post when the signal gets generated.

Come over to the bear camp...it's been a long time since you went short!

Porsche,

This is an area where we are going to generate a huge buy signal or generate a continuation sell signal. I will need another day or two to determine which. I am waiting patiently.

I think it's a ST buy but how high it goes i don't know maybe retest of 1130s to 1140 than kaboom back if it breaks 1110.

I love to see you back in the bear camp.

SPX 738 -- the coming attraction

SPX 738 -- the coming attraction

Are you a disciple of blustar by any chance ?

SPX 738 -- the coming attraction

Are you a disciple of blustar by any chance ?

Hey Nav, it could happen he did not mention the time frame you see six month a year later why not.

SPX 738 -- the coming attraction

Are you a disciple of blustar by any chance ?

Hey Nav, it could happen he did not mention the time frame you see six month a year later why not.

Yes, it could happen. We could even go lower than that. But you need technical evidence to make calls. Otherwise it goes into the realm of astro/prophecizing. The controlling pivot on hourly was SPX 1131. You saw how much of battle it was to break that. The next higher degree controlling pivot on daily is at 1085. Break that and then we can start talking about the next higher degree pivot on weekly at 1029. Break that and we can call the entire uptrend from March over. Only then can we start talking about 700,600,500 etc. Until then it's all just fantasy. Trend change is a huge process.

naz is relatively quite strong..bears must make their statements here or else,it is just a pull back...

SPX 738 -- the coming attraction

Are you a disciple of blustar by any chance ?

Hey Nav, it could happen he did not mention the time frame you see six month a year later why not.

Yes, it could happen. We could even go lower than that. But you need technical evidence to make calls. Otherwise it goes into the realm of astro/prophecizing. The controlling pivot on hourly was SPX 1131. You saw how much of battle it was to break that. The next higher degree controlling pivot on daily is at 1085. Break that and then we can start talking about the next higher degree pivot on weekly at 1029. Break that and we can call the entire uptrend from March over. Only then can we start talking about 700,600,500 etc. Until then it's all just fantasy. Trend change is a huge process.

Yeah that's true but we are human and we all fantasize in something... I was fantasing of a financial melt down back in 2004... it's an accident waiting to happen thou i did not trade the fantasy till it go there but then I did tell my friend that it will happen just that we don't know when it was only 2007 that reality was coming. The pivot point concept holds...but we dream of something all the time