I have a high likelihood of a mini crash on May 4th. My FREE blog in my signature explains everything. Looking for 18.6% down on the SPX from today's high. Target 2350 SPX. This looks to be a mid cycle level down move, a b of a B wave so to speak. Expecting higher prices in May 26th. From there, down hard into June 19th. Should take down gold and GDX too here and again into June, especially June and especially gold over GDX.
#2
Posted 27 April 2020 - 11:41 PM
let me make sure I understand this right :
you are saying that the SPX 500 over the next 5 trading days will be down approx 20 % and give back the Lions share of the bear market rally ?
that would be down 4 percent a day for the next 5 trading days
and you have based this on the principals of Elliot wave technical analysis or is this a proprietary trading system ?
would you be so kind as to give a daily running commentary as I find this call to be exceedingly interesting and would like to learn from it.
#3
Posted 28 April 2020 - 07:39 AM
Thats quite the call gotta say! I could possibly see that but as I said before,,, to rally back to 3000 plus that fast can't see it!!
#4
Posted 28 April 2020 - 07:40 AM
so then the number to short on the SPX cash should be 2934 which is the .618 fib retracement number of the major March decline.
#5
Posted 28 April 2020 - 07:54 AM
Ignoring pre Corona-19 earnings being reported this week, all news from now on will be horrible on all fronts: economy, elections, unemployment, businesses closing, etc. No sane money manager will put any new money into the market.
Edited by linrom1, 28 April 2020 - 07:55 AM.
#6
Posted 28 April 2020 - 10:33 AM
5/6 is the date...
10 year Ganniversary of the Flash Crash...
I expect the turbulence to begin in currency markets.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#7
Posted 28 April 2020 - 11:36 AM
let me make sure I understand this right :
you are saying that the SPX 500 over the next 5 trading days will be down approx 20 % and give back the Lions share of the bear market rally ?
that would be down 4 percent a day for the next 5 trading days
and you have based this on the principals of Elliot wave technical analysis or is this a proprietary trading system ?
would you be so kind as to give a daily running commentary as I find this call to be exceedingly interesting and would like to learn from it.
IDK if you are familiar with blu's predictions, they tend to be severe! But I wouldn't discount direction.
#8
Posted 28 April 2020 - 12:09 PM
I dont mind Blu's posts, but usually the pt moves he is looking for are ridiculous, large moves in short time frames, and they rarely hit. It comes across
as someone who is fishing for subs with crash type moves instead of making reasonable calls, no? been a pattern for a long time, just sayin...
Edited by tommyt, 28 April 2020 - 12:11 PM.
#9
Posted 28 April 2020 - 12:25 PM
The safe haven of Tech is leading down today - not a good sign.
S&P volume weak
https://finance.yaho...om/quote/^GSPC/
Rut was lagging - not leading - distribution?
https://finance.yaho...uote/iwm/?p=iwm
Adds up to the bounce is over
17_16
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