9 replies to this topic

[OEXCHAOS]

I wish AAII were more Beared up. They're close, but not yet there. Maybe enough for a low, but unclear.

The VIX RSI is flashing a confirmed Buy. "Secret Hedge Fund" is too. Relative VIX is very close to Buy territory too.

 

NAAIM reports shortly. We CAN bottom here, but it's not a lock. We'd need a good spark, I think.

 

M

[slupert]

Grabbed a starter position in GE 6.07, never been in it, think its time to start. (JMHO)

[trioderob]

not to mention that Mitch made this statement today:

“There will be an orderly transition”

 

and you think anyone liked this today ?

 

"Federal Reserve Bank of Boston President Eric Rosengren told Yahoo Finance on Thursday that the central bank could lean on ramped up asset purchases to support the economy,"

 

 

[gismeu]

I wish AAII were more Beared up. They're close, but not yet there. Maybe enough for a low, but unclear.

The VIX RSI is flashing a confirmed Buy. "Secret Hedge Fund" is too. Relative VIX is very close to Buy territory too.

 

NAAIM reports shortly. We CAN bottom here, but it's not a lock. We'd need a good spark, I think.

 

M

Thanks for that update!
 

gis

[CLK]

The 4hr needs about 4-6 up bars from here at least, I can see 3400 from here, then double bottom.

B=C in time  This has been mostly corrective after the first day, so I don't see a big drop unless it's a 6 month

or more bear market.

 

https://invst.ly/s8z94

Edited by CLK, 24 September 2020 - 04:53 PM.

[tsharp]

Yesterday's low may have been the print low, though I see last night's globex low as the likley completion of wave-e:c:d:b:Y:2, OR wave-c down in the new trend... some back-and-fill likely here, though also it looks up for next week... twt.

 

[sixpack]

I went long sso and udow this morning.  The weekly looks like a possible gap up next week.  Looking for new highs with maybe a higher retest of the recent lows.  Trading position.  Still holding large long positions since March in other accounts.  

[tsharp]

I see two possible scenarios... both upward, and one to new ATHs... 

 

 

 

 

[tsharp]

I should have written more, so here's the IG post that went with the alternate count chart:

 

I mentioned in my last update that there is a possible fractal interpretation that could satisfy the possibility of the SP00s continuing upward to that still unfulfilled Hurst 40-week projection in the ~4008 range...

The momentum indicator line fully reset on the 240-min SP00s chart, so either an ST bottom has come, OR there's still a bit lower to go, and will build more positive divergence, OR wave-b:Y:2 is complete and the SP00s will continue downward, even with momentum that should call for a bounce (negative divergence of price versus momentum)...

Due to the controlled decline in this corrective fractal structure, I think the last scenario above is least likely, unless an exogenous event arrives, so upward now, or upward after one more pullback into the 10.2.20 timeframe are what I think will happen... watching.

[AChartist]

Are some opposing cycles I would expect up first then a final low in 2-3 weeks.

I'll be buying again in a couple or three weeks probably two times if I can spot the bad days.