26 replies to this topic

[12SPX]

This move was pretty much telegraphed last week by the leading of breadth, here's the updated chart:

 

lol always easy to say now but I think I also heard we were headed to the abyss.  Technical trading is always so right when you look backwards!  This has been a great move from the recovery 2807 on the S&P, but think were starting to bump up against to much perfectness to fast here.  

[12SPX]

Which btw doesn't mean I'm bearish, just realistic, volatility is healthy when the market is going up, one direction is never good!!

[dTraderB]

VIX is up

SPX up 1%

 

Could get a VIX hourly buy later today if this trend continues

[dTraderB]

Which btw doesn't mean I'm bearish, just realistic, volatility is healthy when the market is going up, one direction is never good!!

 

Could still go up another 2 to 3% after FED announcement tomorrow 

 

then down down down ....

[tsharp]

 

This move was pretty much telegraphed last week by the leading of breadth, here's the updated chart:

 

lol always easy to say now but I think I also heard we were headed to the abyss.  Technical trading is always so right when you look backwards!  This has been a great move from the recovery 2807 on the S&P, but think were starting to bump up against to much perfectness to fast here.  

 

 

I really don't know what to say... it was on 1.4.19 when I forecast the SPX would be back to new ATHs in months, not the years, most were suggesting... of course, in hindsight these kinds of forecasts are simply called lucky guesses by many.

 

From 1.4.19:

 

From 6.14.19:

 

[dTraderB]

 

 

This move was pretty much telegraphed last week by the leading of breadth, here's the updated chart:

 

lol always easy to say now but I think I also heard we were headed to the abyss.  Technical trading is always so right when you look backwards!  This has been a great move from the recovery 2807 on the S&P, but think were starting to bump up against to much perfectness to fast here.  

 

 

I really don't know what to say... it was on 1.4.19 when I forecast the SPX would be back to new ATHs in months, not the years, most were suggesting... of course, in hindsight these kinds of forecasts are simply called lucky guesses by many.

 

From 1.4.19:

 

From 6.14.19:

 

 

Good forecast. 

DO you see SPX going much higher than 3000 on this leg up

[tsharp]

I think this "leg up" is the first - wave-a - of an ending diagonal triangle, so the ~3040 range is my best guess for wave-a:c:(x):(iv), then a pull back in wave-b... ultimately, I see wave-(x);(iv) completing into year's end in the ~3290 range.