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Important Top Ahead 7/29/20?

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#21 blustar

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Posted 29 July 2020 - 03:12 PM

I told my subscribers earlier that we could carry over into an early Thursday top.  According to the rules of Elliott, we need to move above 3280 and I would think as a minimum we see 3284 but maximum 3288 in any case.  Still bullish but close to seeing a top. 



#22 blustar

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Posted 30 July 2020 - 10:58 AM

Why? Everyone got out yesterday and went to cash.  We started buying today at 3206.  Today is a 4/32 TD low.  Looks strong into Aug 3 maybe as high as 3324/28. Today's low created a TLC low for Sept 3. 



#23 12SPX

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Posted 30 July 2020 - 11:39 AM

hmmmmm not what you were sounding like yesterday, thought today was the top



#24 blustar

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Posted 30 July 2020 - 11:55 AM

At the end of the day I was too busy getting out to come here and post that we went to cash.  The end of day pattern looked squirrelly, not what I expected. The more I look at this set up, the more bullish I get.  Here is a possibility, 3306 on the SPX by day's end Friday and 3348 by Monday.  It covers the gap left back in late February, and snaps back to the up trend line that created the TLC low. This thing looks really bullish, especially the NASDAQ.



#25 blustar

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Posted 30 July 2020 - 11:57 AM

The cycle top was Wed/Thursday now it is Aug 3, the 8+1/16 TD top especially on the NASDAQ



#26 blustar

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Posted 30 July 2020 - 11:59 AM

Could was not definite and we didn't go short either. So we missed that one, just to set things straight.



#27 12SPX

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Posted 30 July 2020 - 12:04 PM

The cycle top was Wed/Thursday now it is Aug 3, the 8+1/16 TD top especially on the NASDAQ

That doesn't make sense shouldn't a call be a call, kinda easy to keep changing the time. 



#28 blustar

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Posted 30 July 2020 - 12:22 PM

I said "could", but it wasn't definite and so close on the 4 TD cycle top so we went to cash. There are times when you just go to cash especially when it doesn't do like you think.  Now we are long 3206 and my new target is 272 QQQ and 3350 SPX by Monday, the three week top (6+9)



#29 blustar

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Posted 30 July 2020 - 12:40 PM

I goofed I meant 274/75 on the QQQ and 3350 on the SPX



#30 Darris

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Posted 30 July 2020 - 01:04 PM

That doesn't make sense shouldn't a call be a call, kinda easy to keep changing the time. 

 

 

 

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