My FF... SPX is also indicating it has peaked in agreement with DW's clx work and should go down into the end of June.
Posted 11 June 2020 - 07:36 AM
My FF... SPX is also indicating it has peaked in agreement with DW's clx work and should go down into the end of June.
Posted 11 June 2020 - 07:59 AM
Posted 11 June 2020 - 08:09 AM
How big of a down do you think?
New bear market lows (crash)
Or
Some type of retracement of Marchs rally?
already a crash in the airlines/ cruise lines. well over 20% drops in many names in a few days
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 11 June 2020 - 08:36 AM
How big of a down do you think?
New bear market lows (crash)
Or
Some type of retracement of Marchs rally?
Since the signal is for a SP500 low at the end of June, that is about 2 weeks, so it should just be a test of support before the market starts up again.
Posted 11 June 2020 - 09:03 AM
How big of a down do you think?
New bear market lows (crash)
Or
Some type of retracement of Marchs rally?Since the signal is for a SP500 low at the end of June, that is about 2 weeks, so it should just be a test of support before the market starts up again.
would line up pretty well with something like this...
Off to a good start anyway....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 11 June 2020 - 09:45 AM
VIX turned exactly at 200 SMA support and is near the 50 SMA resistance. These averages seem very important to it.
Posted 11 June 2020 - 10:39 AM
VIX turned exactly at 200 SMA support and is near the 50 SMA resistance. These averages seem very important to it.
With a beautiful Morning Star to boot....
There will be pullbacks along the way, but VIX may headed up for a lot more than a few days....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 11 June 2020 - 11:52 AM
at this pace March's low will be gone by the end of June lol
Posted 11 June 2020 - 03:02 PM
How big of a down do you think?
New bear market lows (crash)
Or
Some type of retracement of Marchs rally?Since the signal is for a SP500 low at the end of June, that is about 2 weeks, so it should just be a test of support before the market starts up again.
would line up pretty well with something like this...
Off to a good start anyway....
The force of this selling looks stronger than in March, almost 2000 points down on the dow, that could mean it is going to test the lows of March 23, we'll see.
Posted 11 June 2020 - 03:31 PM
How big of a down do you think?
New bear market lows (crash)
Or
Some type of retracement of Marchs rally?Since the signal is for a SP500 low at the end of June, that is about 2 weeks, so it should just be a test of support before the market starts up again.
would line up pretty well with something like this...
Off to a good start anyway....
The force of this selling looks stronger than in March, almost 2000 points down on the dow, that could mean it is going to test the lows of March 23, we'll see.
That 30 min 900 is now rising, and that makes it much more likely to hold if we get the long run down to it.
But if it got broken after a bounce, then the bullish case could be put to question no doubt.
All assuming we get that far down.....
Edited by K Wave, 11 June 2020 - 03:32 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy