26 replies to this topic

[dTraderB]

The Brit Pound GBP looks set to plunge to 1.2 in a few weeks 

[12SPX]

Hmmmm. I'm still wondering if this is setting up for a reversal though, still to far to fast and expectations usually see a reversal after the real news comes out.  Although this race to zero interest rates is good for the market in the end I don't know if it really is.  You'd think earnings forecasts would be crashing if things are really that bad out there!!  Tomorrow is going to be very interesting for sure!!

[tsharp]

My take on the SPX daily from last Friday evening... my work suggests upward to the upper UTL channel line...

 

 

My momentum signal also got trapped on Sunday's open in a short, and I thought I might get a reversal a bit lower, though still at a loss... the compression seemed to be saying upward, but no signal until this morning on the Draghi comments:

 

 

 

[dTraderB]

what a market! 

 

going to add at least 8 QQQ puts today at QQQ above 188

[dTraderB]

My take on the SPX daily from last Friday evening... my work suggests upward to the upper UTL channel line...

 

 

My momentum signal also got trapped on Sunday's open in a short, and I thought I might get a reversal a bit lower, though still at a loss... the compression seemed to be saying upward, but no signal until this morning on the Draghi comments:

 

 

 

 

yeah, the FED, the  stars and Presidents are all lined up, not fighting them!

[12SPX]

I do find it funny though that Trumps tweets can move the market so much, I swear the gov trades these things.  The next one will be negative and the herd will follow.  The strange thing is volatility is barely moving down interesting.  

[tsharp]

Armstrong's computer has this week as a panic week, and a panic can be downward (fear) or upward (greed - FOMO)... based on my fractal interpretation, I thought it would be an upward panic... 

 

[typicalbear]

I do find it funny though that Trumps tweets can move the market so much, I swear the gov trades these things.  The next one will be negative and the herd will follow.  The strange thing is volatility is barely moving down interesting.  

 

Trump kicks off campaign tonight in Orlando.....wants higher market to show how great he is.  Isn't verbal manipulation illegal?

[K Wave]

you could smell this coming when YM was unable tpo penetrate the key 26,000 level downside after the big battle...

 

Once NYA clears 13K, bears likely got big problems on their hands....

 

YM 26K is the stop now..in the meantime, could get wild upside

[tsharp]

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