As I think Europe is bottoming and the spx too, am I the only one or does anyone else share a similar point of view ?
Am I the only one bullish left here ?
Started by
andr99
, Jan 03 2019 03:37 PM
15 replies to this topic
#1
andr99
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Posted 03 January 2019 - 03:37 PM
forever and only a V-E-N-E-T-K-E-N - langbard
#2
qqqqtrdr
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Posted 03 January 2019 - 03:45 PM
I have a similar viewpoint.... Economically, we are in Neutral Territory for PE, and the US economy is doing well, and Europe has been floundering due to Brexit... I'm not as optimistic on Europe at the moment, but like Emerging Markets.... I have been trying not to currently by tech.
#3
LMF
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Posted 03 January 2019 - 04:01 PM
For a hold overnite long trade, these markets are not really bullish until the daily MACD crosses above zero IMO. Unless you're trading TLT which is ok. VIX is still too high based on the delta I use.....VXST minus VXMT. Easy money daytrading TQQQ SQQQ still favors the downside.
#4
chem
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Posted 03 January 2019 - 04:32 PM
Cumulative tick suggests up move is immanent to above 2520 before any sustainable weakness - with 2550-2560 area likely.
#5
tsharp
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Posted 03 January 2019 - 04:49 PM
As I think Europe is bottoming and the spx too, am I the only one or does anyone else share a similar point of view ?
Can't speak for Europe, but I do think the SPX is looking upward... there's a nice bullish pennant formation looking to breakout upward, though my signal is still short from 2505... watching.
#6
AK2
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Posted 03 January 2019 - 05:14 PM
Don't think we'll see 2520 for at least a week, likely 2 weeks.
#7
BigBadBear
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Posted 03 January 2019 - 05:53 PM
lots of bottom pickers on TT especially over the past few days
#8
pedro
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Posted 03 January 2019 - 08:24 PM
I have those major bottoms closer to EOM.
And a retest of recent lows between now and then.
How we get there is the question for me. Likely resolved tomorrow.
I was expecting more indecision first, before today's drop.
#9
uburack
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Posted 03 January 2019 - 09:17 PM
I was more bullish until today, VIX not acting right with this dip
John 21:6 And he said unto them, "Cast the net on the right side of the ship, and ye shall find". They cast therefore, and now they were not able to draw it for the multitude of fishes.
#10
tsharp
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Posted 03 January 2019 - 10:05 PM
As I think Europe is bottoming and the spx too, am I the only one or does anyone else share a similar point of view ?
Regarding Europe.. I can see a bounce here, but it would be smallish in a minor wave-iv, though the larger bounce will be down from the ~9000 range (which is also the H&S target range), then upward in a wave-ii of the next higher magnitude...
Edited by tsharp, 03 January 2019 - 10:06 PM.
