Jump to content



Photo

Important Top Ahead 7/29/20?

SPX

  • Please log in to reply
43 replies to this topic

#11 slupert

slupert

    Member

  • Traders-Talk User
  • 1,484 posts

Posted 28 July 2020 - 01:18 PM

Still think we surprise on the upside, maybe 3900 by year end. But no real rocket rally for awhile. (JMHO)



#12 trioderob

trioderob

    Member

  • Traders-Talk User
  • 1,173 posts

Posted 28 July 2020 - 01:36 PM

Blustar -

 

you have posted astro calls which have ZERO basis in scientific  fact - you also recently called for a 20 -30 % drop which never materialized 



#13 linrom1

linrom1

    Member

  • Traders-Talk User
  • 1,479 posts

Posted 28 July 2020 - 02:00 PM

The patterns are still bullish and 3288/90 SPX would not surprise me tomorrow.  A new recovery high on the SPX would set up the mother of divergences in my book.  There is also a Bradley turn due July 30.  Last one was July 23. I think we are going to have a tough first week of August, maybe down 15-16%.

Right or wrong, I appreciate that you shared your opinion here.



#14 pdx5

pdx5

    Trade safe! Mange risk wisely.

  • Traders-Talk User
  • 7,524 posts

Posted 29 July 2020 - 07:00 AM

3288 would shock me if reached on Wednesday. I see no more than 10-15 point change today.

FED meeting is still a suspense today, so more sideways market.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#15 gannman

gannman

    Member

  • Traders-Talk User
  • 5,457 posts

Posted 29 July 2020 - 09:34 AM

to me to say this market has topped there has to be some proof as in the market is 

 

actually going down. the trend lines are there for all of us to see until they are broken

 

we are heading up. fwiw


feeling mellow with the yellow metal


#16 blustar

blustar

    blustar

  • Traders-Talk User
  • 5,556 posts

Posted 29 July 2020 - 09:48 AM

The market looks strong. We have two xyz bullish patterns, one of lesser degree yesterday and the other one last week and they all say much higher prices ahead. The 4 TD cycle (+1 TD) says top today late today and a slight hint of a possible nudge higher on the open Thursday based on the astro Bradley and Gann cycles.  Yesterday was an astro low and the next one is due Friday next week, which to me looks like Feb 19/20 to the 28th.  I don't only use astros, but contrary to some opinions they are not worthless, just another tool in my arsenal.  Take it or leave, your choice.


Edited by blustar, 29 July 2020 - 09:50 AM.


#17 blustar

blustar

    blustar

  • Traders-Talk User
  • 5,556 posts

Posted 29 July 2020 - 09:52 AM

BTW, my target is minimum 3288/90 and maximum 3298 today and maybe 3299 early Thursday something like that.



#18 Dex

Dex

    Member

  • Traders-Talk User
  • 2,582 posts

Posted 29 July 2020 - 11:42 AM

I'm thinking of 9/23 for the bottom BUT anywhere between 8/23 and then is possible


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16


#19 blustar

blustar

    blustar

  • Traders-Talk User
  • 5,556 posts

Posted 29 July 2020 - 11:48 AM

I have a hard low due on the 24th (23rd is a Sunday)



#20 12SPX

12SPX

    Member

  • Traders-Talk User
  • 2,116 posts

Posted 29 July 2020 - 03:07 PM

Curious, Since you didn't make your minimum 3288 today, now what?  







Also tagged with one or more of these keywords: SPX