SPX A Little Toppy Here
Posted 02 December 2019 - 01:35 AM
Posted 02 December 2019 - 07:21 AM
Not calling for a crash here but a little pull back is due. The Hurst 10 td low is due Thursday. The Jup/ Sat low is due on the 4th. Im thinking the 5 th. Not more than perhaps 1.4% or so. Friday could be a high and a low. Next week begs for new highs. The next solunar low is due Friday/ Monday. Im thinking Friday the 13th for the top. Watch out, the 10/20 week low is due around Dec 19-23. 7% drop? The solunar next week is due on the 12th but I have a TLC low due then. Astros suggest dec 11 and 13 for highs.
Does the astro stuff work that well nowadays? I remember before the crash it was actually a little accurate, but after the crash it seems to have been rendered ineffective like head and shoulders patterns etc.
Posted 02 December 2019 - 08:46 AM
I think its like most other technical stuff. Sometimes like the last decent correction, we saw it was bang on, the calls coming out for this one have been wrong so far as we barely saw a -1% pullback on this rally. Will say the market is now very unhealthy on this rise so at the least a pullback is needed to reset, we'll see.
Posted 02 December 2019 - 09:54 AM
Edited by redfoliage2, 02 December 2019 - 09:54 AM.
Posted 02 December 2019 - 10:04 AM
NYA turned over right at 13,600 just like it was supposed to....
Now most likely a back test of the breakout around 13K......and then we see....
Posted 02 December 2019 - 12:48 PM
We should see some basing over the next 3 TD's I would think. We already hit my 3110-15 SPX target earlier than expected Ideally, now Dec 11 Jup/Sat top near Solunar top due on full moon the 12th, then Dec 19/20 major low. A 6.8-7.0% pull back expected, but first a retest of the recent highs (Dec 11/12) expected in order to create stochastic failure, NEG D.. Already had MACD failure, but STOCH Nov 27 was highest since right before late Jan 2018. Looking for 3164 area SPX next week then a violent pull back around Dec 17/18 into Dec 19/20 where Jup/Sat calling for Dec 18-20 down. Basing pattern into January expected after that with much chop. Should be great for swing trading.