Jump to content



Photo

SPX Making Unprecedented Irregular Tops

SPX

  • Please log in to reply
10 replies to this topic

#1 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,139 posts

Posted 29 April 2020 - 03:14 PM

I explain on my free blog how unusual today's move was and what it means going forward. Basically, huge moves over the next 4 Trading Days are expected both up and down.

 

My forecast for Thursday is for a huge move down to test 2791/92 SPX in the first 2-3 hours, then a huge move up Friday to test 2975/77, then a huge move down to test the 2629/30 level by Tuesday.

 

The whole set up suggests a May 27 top near 3400/10 SPX and another crash into June 22!


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#2 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,216 posts

Posted 29 April 2020 - 03:18 PM

Whew!!!  



#3 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,139 posts

Posted 29 April 2020 - 03:42 PM

Whew!!!  

I know!!


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#4 .Blizzard

.Blizzard

    Member

  • Traders-Talk User
  • 1,208 posts

Posted 29 April 2020 - 04:07 PM

-6% tomorrow? why geez?  Aliens will land on the planet earth?


 
 
 


#5 trioderob

trioderob

    Member

  • Traders-Talk User
  • 1,295 posts

Posted 29 April 2020 - 04:11 PM

not a chance in Hades 

 

not with Fed Powell today literally telling people to buy stocks and not leave money in the bank 



#6 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,216 posts

Posted 30 April 2020 - 11:34 AM

Rats, nice down day, but the three hours is up, now what??



#7 cycletimer

cycletimer

    Member

  • Traders-Talk User
  • 2,618 posts

Posted 30 April 2020 - 12:33 PM

BluStar will be half right.  6% (or more) will not happen today but we will trade down in May, quite a bit actually.  We need to break 2840, 2715 and look out below.  April 30th (tomorrow), + or - one TD is a cycle turn, Next significant turns are May 4th, May 7th and May 15/18th...... I have no idea of direction but I'd fade any moves heading into those dates.  Regardless, the first half of May gives up 100% of April's gains.  That's my fearless forecast.....



#8 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,139 posts

Posted 01 May 2020 - 08:32 AM

The cycle low was due today actually, my bad, and there is another due Tuesday, so I'm looking for a low today and then a strong rally into early Monday then down hard into Tuesday then up 20.3% into next Friday.  I'm bullish overall.  I have a low 5/1, top 5/4 low 5/5 top 5/8, low 5/11, top 5/13, low 5/14-18, new highs by May 27 above 3400, then another crash by June 22 that will be worse than Feb/March


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#9 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,139 posts

Posted 01 May 2020 - 09:18 AM

Looking for near 2809/12 today and then higher into early Monday, maybe 2975 +/-, 2629/30 Tuesday


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#10 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,139 posts

Posted 01 May 2020 - 10:35 AM

Covered short at 2842 covered gap, looks like a 'b' wave of an abc Y wave, so higher into the next top due on the 8th, the next low after that is the Venus retro grade date of the 13th and that could be the big down wave there


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 






Also tagged with one or more of these keywords: SPX