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SPX 3300


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#1 redfoliage2

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Posted 15 January 2020 - 10:47 AM

is to be tested with a good chance the market is to go beyond it as my IT signal remaining very bullish ...............



#2 redfoliage2

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Posted 15 January 2020 - 12:02 PM

But I'd not be surprised if we see a profit taking after the US-China phase I trade deal is signed.  Even though the support at SPX 3250 should hold ...................


Edited by redfoliage2, 15 January 2020 - 12:06 PM.


#3 redfoliage2

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Posted 15 January 2020 - 03:20 PM

US China Phase I trade Deal signed and details published.  No tariffs relieves for imports from China, this won't help for the world economy.  Basically nothing changed in terms of the effects of the trader war on the world economy.  Expect negative reactions tonight from the European and Asian markets ..................


Edited by redfoliage2, 15 January 2020 - 03:26 PM.


#4 trioderob

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Posted 15 January 2020 - 03:27 PM

the minute the market starts to tank - Trump will start talking about Phase 2 of the trade deal and how he thinks he has a way to speed it up before the election - market goes back up.

 

also inflation is low ….. fed wont raise rates 

 

everything is going nuts now from real estate to bitcoin to markets to platinum family metals 

 

only thing that can tank market now is a parabolic blowoff top - which like all parabolic blowoffs must fail at some point and then we will get Blustars 7% drop ...... problem is predicting how far she goes before failing .....yes.gif



#5 redfoliage2

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Posted 16 January 2020 - 10:35 AM

SPX shot above 3300 with a gap up today,  and so we shall see a back test in the next couple days.  Let's see it's going to be a fakeout or not.  I have cleared my long positions with nice profits ............


Edited by redfoliage2, 16 January 2020 - 10:38 AM.


#6 redfoliage2

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Posted 16 January 2020 - 11:20 AM

If there is no pullback by the close today then there is a greater than 50/50 chance we will get a gap down tomorrow ............. 



#7 12SPX

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Posted 16 January 2020 - 12:16 PM

If there is no pullback by the close today then there is a greater than 50/50 chance we will get a gap down tomorrow ............. 

Can agree with that my expiration numbers from last Friday indicate only a +1% week at the max so will be interesting!!  



#8 redfoliage2

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Posted 17 January 2020 - 10:40 AM

ST cycle near the top .............



#9 K Wave

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Posted 17 January 2020 - 03:19 PM

NAZ decliners ramping all day long....we are likely very close now to swing top there....

 

Just waiting on price action to give it another shot..they may have enough juice for one more gap up on Monday.

 

UVXY also looks like it is running outta gas to to the downside, and ready for a swing up.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#10 redfoliage2

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Posted 21 January 2020 - 09:40 AM

ST cycle near the top .............

ST down cycle started .......