43 replies to this topic

[humbled]

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

Thanks for sharing your fearless forecast...

[blustar]

I could have two of my long standing customers post here to confirm I went to cash yesterday or more if you will.  All I was saying is the top was not in yet yesterday and since it didn't get to 3288 minimum yesterday, I decided to cash out and see what happened Thursday. I am now very bullish after looking at the SOX going to new highs. The pattern on the NASDAQ 100, the NYSE and SPX, have all different cycles and wave counts.  This is the craziest thing I've ever seen. Also, Astrology is not an exact science. It has variables and variances.  Today was a Bradley turn and the moon was in the mutable sign of Sagittarius which could account for a low. Also, I had a TLC low due today, which I missed. Today was also a 4 TD low from Friday last week on the SPX, but a dominant low on the NYSE and Dow 30. The next TLC low on on my list has now been formed for Sept 3.

[blustar]

 

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

Thanks for sharing your fearless forecast...

 

You bet!

[trioderob]

ok so in the OP of this thread you stated :

 

"The month of August looks like a slaughter coming in the markets."

 

I am confused are you still saying that AUG will be a bloodbath or are you now bullish ?

[blustar]

If we break through 3350, the next stop would be 3415 SPX.  I have a confluence of factors there that work for Monday.  Whatever it does, it looks like a blow off top coming! Here come the techs!

[blustar]

I'm guessing today's data got everyone beared up. This thing could really roll the bears tomorrow!

[linrom1]

NQ is a racket, what a swindle today!

Edited by linrom1, 30 July 2020 - 03:47 PM.

[12SPX]

No bear rolling going on this morning lol!!!  Only Fang tech stock making a new high is Apple, the reaction so far has been poor, shoulda maybe stuck to your original prediction blu!  I've been short from yesterday's open at 3270, profit stop 3265.  Am looking to go long if we pull back enough this morning after the open. 

[12SPX]

Am taking my $15 profits on my sold 2900 August puts this morning though just in case we do start to fall hard next week and my 2750's, $7.00 profit.  3400 calls are still holding lots of premium even though I've got about $10 profits sitting there also.  Interesting the 3500 calls are still trading around $1.50, little to much bullishness. 

[12SPX]

Pulling my short off for a 13 point profit, see how the open goes.  To me this move higher is pathetic, futures should be up at least 1% see what happens!