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#1 CLK

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Posted 10 August 2019 - 11:33 AM

A move to 3100 over the line and 2.618, will be bullish, potential to 2100 as of right now.

 

 

 

https://invst.ly/bo6sp



#2 tsharp

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Posted 10 August 2019 - 01:23 PM

As I see the SPX for now...  From my Insta update this morning:

 

Those who've followed my page for a while know I'm looking for the SPX to continue moving upward into year's end, with a target in the ~3290 range...

The interesting thing about momentum, is that as a move gets older, its momentum declines, making lower-highs, and bouncing between the UTL or top region of the gray zone support level and its DTL...

This is the SPX daily going back to the 2015 wave-3 high, and showing how that topping process compressed the momentum indicator line as I said above, and I'm looking for the same type of downward momentum move, while price moves higher in an ending diagonal triangle into year's end... watching. 

 

 

 

SPX-D-8-9-19-1.jpg



#3 tsharp

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Posted 11 August 2019 - 11:37 AM

Just an FYI, the next think I look to after momentum is breadth, and breadth is NOT suggesting hard lower-lows from here...

 

NYAD-D1-CUM-vs-SPX-8-9-19.jpg



#4 tsharp

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Posted 14 August 2019 - 09:33 AM

Just a quick update... I think this low marks the b-wave, and I'm still looking for ~2974 or ~3003 for a wave-c high... twt.

 

SP00-240-8-14-19-1.jpg



#5 tsharp

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Posted 14 August 2019 - 01:09 PM

This is the potential b-wave I mean... an IT low:

 

SPX-D-8-14-19.jpg



#6 CLK

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Posted 14 August 2019 - 04:13 PM

How about this setup, breaking the wedge into a crash?  Already retested it and rejected.

 

 

 

https://invst.ly/br58h



#7 CLK

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Posted 14 August 2019 - 04:27 PM

The last election cycle was down and choppy in the mid 3rd year into the elections. It may do the same this time.

 

 

 

https://invst.ly/br5ek

 

 

As of right now cash has put in a lower closing low with NYMO and VIX divergent, ES has not put in a lower closing low.


Edited by CLK, 14 August 2019 - 04:32 PM.