42 replies to this topic

[dTraderB]

 

 

 

 

The market operators know at this point they have to choose from two alternatives here: new highs or a big down to form a wave c. I think they have decided to go for new highs..........

Targets:  VST SPX 3035;  ST 3055; IT 3150 ...................

 

 

 

We are exactly on the same page, same numbers.  I feel no down until the 23rd...  Thats when my ST/MT cycles say top.

 

SPX 3013/16 is an important support level

 

Markets may rally another 2 or 3% but unless there is good news on trade and earnings the rally is over 

 

I bet there will be some kind of good news from the trade talks .............

 

 

 

and it does not have to be real good news

[dTraderB]

So now that the China Trade war is winding down, how about starting wars with EU and Mexico? 

 

1. Jakob Hanke Vela‏ @HankeVela 55m55 minutes ago

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   Brussels has old WTO awards it has won on unrelated disputes in the drawer, and is considering using them to impose duties on US goods if Washington doesn’t agree to negotiate a settlement. More

2. NEW: EU thinks it has found a way to retaliate quickly if the US imposes tariffs

    

   .https://www.politico...airbus-tariffs/

[dTraderB]

Still up 14 cents on my small VXX LONG

 

ES basing here for an attempt to move up but this may not happen according to :

 

David Larew‏ @ThinkTankCharts

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SPY failure at the swing

11:25 AM - 19 Sep 2019

[dTraderB]

The VOLUME guy:

 

1. thomas‏ @* 2m2 minutes ago

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   So, we have a light volume "set up" day for OPEX here... they are satisfied to hold it near unchanged... fight another battle tomorrow with much stronger volume behind it... More

2. thomas Retweeted ForexLive

   Getting close to $1/3 Trillion for the week...

   thomas added,

   ForexLive @ForexLive

   Another O/N Repo tomorrow pre-announced https://www. forexlive.com/news/!/another-on-repo-tomorrow-pre-announced-20190919 …
3. thomas‏ @* 1h1 hour ago

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   There's NO VOLUME here, anyone with a few bucks can make just about any price they want... wide open for the bears, where the hell are they?

[dTraderB]

as many opinions on the market as there are twitter accounts:

mcm-ct.com‏ @mcm_ct

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mcm-ct.com Retweeted The Kobeissi Letter

Agree - but today's developments may put lower potential highs on the docket as action is poor today off the highs and IMO we are nearing a turn window for early next week

mcm-ct.com added,

The Kobeissi Letter @Kobeissi_Letter

S&P 500: Another strong recovery for $SPX, now approaching new all time highs quickly. Looking for the momentum to continue into tomorrow’s close, a weekly close…

12:11 PM - 19 Sep 2019

[dTraderB]

ok, looks like the LOD was tested successfully and they are trying to ramp it up to the close

[redfoliage2]

 

Still up 14 cents on my small VXX LONG

 

ES basing here for an attempt to move up but this may not happen according to :

 

David Larew‏ @ThinkTankCharts

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SPY failure at the swing

11:25 AM - 19 Sep 2019

 

I'd like to say that they cannot afford to fail at this place; if it fails here it's going to morph into a crash.  Be aware that charts don't make the market and it's the market makes charts............

[dTraderB]

I think with lots of volatility though, tapes looking tired.

 

very tired tape

 

doubts & indecision in the markets

 

it will be a big move but the question is UP or DOWN? 

 

I go for DOWN but will quickly abandon my opinion and jump on the rally train if I am wrong

[dTraderB]

 

 

Still up 14 cents on my small VXX LONG

 

ES basing here for an attempt to move up but this may not happen according to :

 

David Larew‏ @ThinkTankCharts

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SPY failure at the swing

11:25 AM - 19 Sep 2019

 

I'd like to say that they cannot afford to fail at this place; if it fails here it's going to morph into a crash.  Be aware that charts don't make the market and it's the market makes charts............

 

 

of course, ha ha

Charts are HISTORY and merely represent what happened with the probability of what may happen

 

The most valuable info I get from charts is OBSERVE MARKET ACTION at levels the TA traders consider important e.g. observe how markets behave at 50 and 200ma and also at extreme TA overbought and oversold. 

[opinionated]

I am ever so sorry I shared Davids work with you.