24 replies to this topic

[K Wave]

there's 3rd drive on SOX intraday....now we see.....

[redfoliage2]

Turned into Bearish.......

[redfoliage2]

For longer term look at the divergence between SPX and NYSI with the recent move.   I see SPX is going to turn down from here:

http://stockcharts.c...id=p46838446676

Edited by redfoliage2, 01 June 2016 - 01:50 PM.

[redfoliage2]

Today the market bounced up, that fits the adage perfectly "first dip always got bought".............

First dip is just the start and I doubt bulls will be lucky again with subsequent dips...........

Edited by redfoliage2, 01 June 2016 - 09:04 PM.

[redfoliage2]

I AGREE IF THE FED RAISE IN JUNE/JULY WE WILL SEE SPX 2000 AT THE END OF THE YEAR (I SEE THE FED WILL RAISE IN JUNE/JULY):

http://www.marketwat...-500-2016-06-01

Edited by redfoliage2, 01 June 2016 - 09:13 PM.

[redfoliage2]

I'm 50% short since yesterday and ready to add more.  This is a good place to short with relatively low risks in terms of price level,  the geopolitical environment and the Fed policy cycle............

Edited by redfoliage2, 01 June 2016 - 09:37 PM.

[redfoliage2]

Morning Update:

The signal is currently remaining in Bearish mode and it looks that the house of cards started cracking .......

Edited by redfoliage2, 02 June 2016 - 08:37 AM.

[redfoliage2]

Update at Noon:

The signal remaining Bearish...........

[redfoliage2]

Update:

The signal just turned into Neutral from Bearish mode.............

[redfoliage2]

The signal turned into Bullish mode ...........

Edited by redfoliage2, 02 June 2016 - 01:15 PM.