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SPX Futures 61.8% retracement


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#1 Darris

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Posted 31 January 2019 - 12:10 PM

Anyone taking a shot short here on ES March 2019 contract?  2947 print high on Dec 2018 contract and 2316.75 print low on March 2019 contract.  Roughly 390 point bounce V bottom run.



#2 OEXCHAOS

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Posted 31 January 2019 - 01:29 PM

Here's what I've got. IF we're still in a Bear Market condition, and we have a weekly MACD cross on Friday, the market ought to get butchered next week. If we we only get a modest pullback or no real pullback at all, the odds favor us not being in a Bear market any longer (irrespective of 200-day MA status or whatever "condition" indicators that are saying we're in a Bear).

 

M


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#3 K Wave

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Posted 31 January 2019 - 01:31 PM

RUT also just tagged big round target at 1500 after very long run to get there.....



#4 K Wave

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Posted 31 January 2019 - 01:33 PM

Watching TRAN here...

 

If it goes back below pre-Fed swing pivot here shortly, could be the start of things back downside...



#5 CLK

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Posted 31 January 2019 - 03:40 PM

I think it goes quick to 2820, might see a small pullback Tues. just because Monday's have been bad 2 in a row, they got to mix it up.

 

Took a lot to break the downtrend line, they won't give it right back. SPX ITBM is new highs since 2017, probably slows down but 2820

can be here quick first.

 

If this goes straight to 2940 with no correction, then I have no idea what comes after that.


I will not vote for Trump again, too reckless and does not do much to help the people. Life long Republican here, but the rich are getting richer and the poor are getting poorer, needs to change.

 

 

Yang2020.com


#6 OEXCHAOS

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Posted 31 January 2019 - 04:30 PM

One thing I know is that breaching the 200-day hasn't been particularly predictive...

 

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#7 LMF

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Posted 31 January 2019 - 06:15 PM

ViX down at the 200 day MA trick again at the close today.....that's the line in the sand I think.  If they can't get it to go lower, should be a pullback in the markets here.  AMZN earnings AH not good enough versus the expectations.



#8 Data

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Posted 31 January 2019 - 07:14 PM

Often, the lines are broken and confirmation is on the failure to hold the break.   You have to wait for the reversal.



#9 CLK

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Posted 01 February 2019 - 06:33 PM

Here's what I've got. IF we're still in a Bear Market condition, and we have a weekly MACD cross on Friday, the market ought to get butchered next week. If we we only get a modest pullback or no real pullback at all, the odds favor us not being in a Bear market any longer (irrespective of 200-day MA status or whatever "condition" indicators that are saying we're in a Bear).

 

M

 

 

 

SPX ITBM is at highs not seen since 2016, even if it turns down, price is likely to keep going up. 

 

 

http://schrts.co/PfRqkefk


Edited by CLK, 01 February 2019 - 06:35 PM.

I will not vote for Trump again, too reckless and does not do much to help the people. Life long Republican here, but the rich are getting richer and the poor are getting poorer, needs to change.

 

 

Yang2020.com


#10 CLK

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Posted 03 February 2019 - 08:53 PM

Index P/C went out at 4 month highs on an up day, a lot of hedging or outright shorting, expecting that to unwind quick

as the market moves higher.

 

 

http://schrts.co/GNDQGcbf


Edited by CLK, 03 February 2019 - 08:55 PM.

I will not vote for Trump again, too reckless and does not do much to help the people. Life long Republican here, but the rich are getting richer and the poor are getting poorer, needs to change.

 

 

Yang2020.com