5 replies to this topic

[Harapa]

1. New ATH is safe.  SPY will exceed the current highs even if a pullback starts tomorrow.

 

2. Expecting new highs in the near future.

 

3. VST market moves randomly. If you can catch the moves, SPY options are the way to profit.

Edited by Harapa, 26 October 2019 - 03:58 PM.

[blustar]

I agree.  The move from Oct 11 has the look of a running correction.  It has an upwardly slanted bull flag look to it and returns near the top of the previous impulse, in this case the Oct 11th A wave top near 2993/94.  If my cycle read is correct, we should see that move down early on the 28th, then a nice C wave spike higher into Oct 30th to near 3055/62 to finish the E Wave sequence (Wave C of Y) since Oct 2 (Oct 3 was an irregular E Wave low). I look for an irregular top near Nov 12/13 and then down hard into early February, much like Oct-Dec 2018.

Edited by blustar, 27 October 2019 - 03:09 PM.

[blustar]

If we attempt an early gap up Monday then the low should come early Tuesday and the top this week Oct 31

[opinionated]

I think a ST top around 11AM Tuesday,  But this could be a retest of a high Monday. Then Down into Nov. 6th

[blustar]

It looks like the low will be Oct 30th near 2999 then up to 3062 by Friday

[Harapa]

1. New ATH is safe.  SPY will exceed the current highs even if a pullback starts tomorrow.

 

2. Expecting new highs in the near future.

 

Done.

 

Expecting some consolidation and/or correction to 13TD lowest low.