Looking weak with today's breadth/tick/price action. Maybe selloff into next week?
Edited by nacho, 07 November 2019 - 11:28 AM.
About to roll over
Started by
nacho
, Nov 07 2019 11:26 AM
7 replies to this topic
#2
blustar
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blustar
Posted 07 November 2019 - 11:46 AM
I see 3013 SPX by Monday and then a sharp rally into the 13th to about 3117 best guess then the party's over. Bye bye
#3
12SPX
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Posted 07 November 2019 - 11:55 AM
Looking weak with today's breadth/tick/price action. Maybe selloff into next week?
Everything has been weak on this advance and now sentiment is extreme. As I mentioned about expiration my peaks for the SP500 is about 3090 to 3100. I'll be surprised if we can hold that level by next Friday but who knows. My minimum downside was wayyyyyy down there. Those puts have been fully profitable for quite a while now. Could be exciting next week!! I was gonna say 3013 your crazy blu but thats only a measly -2.6% lol!! I'm sure your gonna get razzed by the bulls though lol!!
#4
12SPX
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Posted 07 November 2019 - 12:27 PM
Actually I'm curious to hear Blizz's opinion he hit that last move to a tee!!!
#5
Rich
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Posted 07 November 2019 - 12:50 PM
My model is up for today but the longer term models are starting to show weakness. And then, there's my seasonal chart which shows a decline just ahead. http://www.markettra...m/seasonal.html
#6
OEXCHAOS
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Mark S. Young
Posted 07 November 2019 - 04:27 PM
Rich,
I am thinking similarly. But I'm not quite there yet.
M
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#7
skott
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Posted 07 November 2019 - 08:25 PM
How sure of that are you Blustar?
#8
blustar
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blustar
Posted 07 November 2019 - 09:54 PM
The wave up today was an irregular so that is when you see large drops especially with all the neg ds. An xyz pattern is also bullish so a large rally out of the sell off. It should be hard and fast since it will be a c wave of C. The cycles suggest a top on Nov 7 and again near Nov 12/13.
