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This market is not as bullish as it may seem.
Edited by CLK, 21 May 2019 - 03:12 PM.
Posted 21 May 2019 - 03:11 PM
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This market is not as bullish as it may seem.
Edited by CLK, 21 May 2019 - 03:12 PM.
Posted 21 May 2019 - 03:13 PM
I was looking at this market last night and thought, were the charts not in a down trend, I'd have exactly ZERO interest in selling this thing.
I can't call the correction over, but it's probably pretty close to.
M
Mark S Young
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Posted 21 May 2019 - 06:10 PM
I was looking at this market last night and thought, were the charts not in a down trend, I'd have exactly ZERO interest in selling this thing.
I can't call the correction over, but it's probably pretty close to.
M
My momentum work reversed back to long in last night's globex... I think it's upward from here in a c-wave (three waves) of an EDT in the ~3000 range... twt.
Posted 21 May 2019 - 09:35 PM
This is the slowest decline and reversal all year, may take until Sept. to hit that 3k.
Edited by CLK, 21 May 2019 - 09:36 PM.
Posted 22 May 2019 - 09:22 AM
Closed most puts, now net long, waiting for July. Looks like a failed break down.
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Posted 22 May 2019 - 10:08 AM
i see small head and shoulder tops on DAX, UK100, CAC40
brexit and european elections may start to sink us
Posted 22 May 2019 - 01:38 PM
Weekly looks ugly here. Also, the VIX is dropping but the market is not moving up.
Edited by CLK, 22 May 2019 - 01:39 PM.
Posted 23 May 2019 - 05:16 AM
Weekly looks ugly here. Also, the VIX is dropping but the market is not moving up.
Posted 23 May 2019 - 08:28 AM
FWIW, my momentum model reversed back to short at the regular session close yesterday...