I have an important minor cycle low due on Jan 22/23, then up to Jan 24/27 for one final hurrah. Today had some really bad NEG D's, but looks like a 'y' wave of an xyz bull flag.
ST Cycle Turning
Started by
redfoliage2
, Jan 21 2020 11:29 AM
23 replies to this topic
#11
blustar
-
- Traders-Talk User
- 6,214 posts
blustar
#12
redfoliage2
-
- Traders-Talk User
- 18,062 posts
Member
Posted 22 January 2020 - 04:24 PM
The market closes at low today and NYMO went deeper in negative. Looks a down day for tomorrow.....
Edited by redfoliage2, 22 January 2020 - 04:28 PM.
#13
redfoliage2
-
- Traders-Talk User
- 18,062 posts
Member
Posted 23 January 2020 - 09:42 AM
The market now in confirmed ST down cycle. Let's see by the close if 3300 can hold............
Edited by redfoliage2, 23 January 2020 - 09:49 AM.
#14
12SPX
-
- Traders-Talk User
- 12,698 posts
Member
Posted 23 January 2020 - 09:47 AM
That is until it goes up again lol!! You guys gotta stick to your calls at least for a little bit lol!! I miss d cause he always stuck to his calls right or wrong!!
#15
blustar
-
- Traders-Talk User
- 6,214 posts
blustar
Posted 23 January 2020 - 10:07 AM
Today was my J/S-TLC low, but the TLC can creep into early Friday on the new moon. Tomorrow is also the Gann 16 TD low from Dec 31. Looking for SPX 3297 early Friday then up hard into Monday into the 3340's at least. This should be THE top of this cycle up from Oct 3, 2018. Next low Jan 28-29* then high Jan 31*-Feb 3, then low Feb 10*. The 2 & 4 year cycles lows are Feb 9 and 11. Looking for 3319 later today then down into early Friday.
We are finishing wave 'z' of a bullish xyz flag. We need to see a nice NEG D on the daily Monday.
#16
12SPX
-
- Traders-Talk User
- 12,698 posts
Member
Posted 23 January 2020 - 10:25 AM
Today was my J/S-TLC low, but the TLC can creep into early Friday on the new moon. Tomorrow is also the Gann 16 TD low from Dec 31. Looking for SPX 3297 early Friday then up hard into Monday into the 3340's at least. This should be THE top of this cycle up from Oct 3, 2018. Next low Jan 28-29* then high Jan 31*-Feb 3, then low Feb 10*. The 2 & 4 year cycles lows are Feb 9 and 11. Looking for 3319 later today then down into early Friday.
We are finishing wave 'z' of a bullish xyz flag. We need to see a nice NEG D on the daily Monday.
I think you could be right or at the least volatility will kick up however last week you did say down -7-8% by tomorrow.
"A lot of people have been wrong as the market has done things we've never seen before. Anyway, I'm still bullish for one more move up into the low 3300's by January 15. Jan 17/20 and then the 24th look like the next important low. Wouldn't be surprised to see the market down 7-8% by Jan 24. And yes, I covered my shorts around 3270 SPX early yesterday and looking to go long late today for the final wave up into tomorrow."
#17
redfoliage2
-
- Traders-Talk User
- 18,062 posts
Member
Posted 23 January 2020 - 03:11 PM
Covered. This looks the low was in this morning for this ST down cycle........
Edited by redfoliage2, 23 January 2020 - 03:19 PM.
#18
redfoliage2
-
- Traders-Talk User
- 18,062 posts
Member
Posted 23 January 2020 - 04:15 PM
My intraday NYMO turning up late in the afternoon. I see we will have an up day for tomorrow. I'm looking for new highs in the next few days ..................
Edited by redfoliage2, 23 January 2020 - 04:15 PM.
#19
12SPX
-
- Traders-Talk User
- 12,698 posts
Member
Posted 23 January 2020 - 06:29 PM
My intraday NYMO turning up late in the afternoon. I see we will have an up day for tomorrow. I'm looking for new highs in the next few days ..................
huh? "We should see stronger effects from this ST down cycle in the next few days ............….."
#20
redfoliage2
-
- Traders-Talk User
- 18,062 posts
Member
Posted 23 January 2020 - 07:10 PM
My intraday NYMO turning up late in the afternoon. I see we will have an up day for tomorrow. I'm looking for new highs in the next few days ..................
huh? "We should see stronger effects from this ST down cycle in the next few days ............….."
Today we got it and this is probably the "stronger" effects we could get under the current environment...............
