At the beginning of June 2019 buy it took 4 days and 150 pts off low or near 6% to turn McSum positive. Today, looks like 3 days and probably around 150 SPX pts and similar % gains off a near retest of the cash print low. ES scene of the crime low 45 points lower at 2775. June continued higher from 2880 to 3030 or another 150. We shall see how much more is left for this confirmation move.
McSum going positive today
Started by
Darris
, Aug 19 2019 01:45 PM
4 replies to this topic
#2
blustar
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blustar
Posted 19 August 2019 - 03:26 PM
I doubt there us too much more to the upside. 2950 cash.
#3
opinionated
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Posted 19 August 2019 - 07:14 PM
Keep an open mind Brad,...
I was/am convinced of the MAJOR turn down 8-19 to 8-21 but... As I said in your other post. There are alot of Bears right here..... An they "May" be right...
#4
da_cheif
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Posted 19 August 2019 - 07:32 PM
bears havent been right for 10years
#5
LMF
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Posted 20 August 2019 - 10:29 AM
The RUT can be crap most of the time like right now, since rarely leads the market until its the top forming. But TQQQ theres no way to be bearish in the current configuration with 40 day so far above the the 200 day. And how soon will it be when the SPX adv/decline line sets a new ATH.
