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sure looks like 3600 coming up in the sp


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#1 gannman

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Posted 05 October 2020 - 12:02 PM

just my take every thing i see is bullish


feeling mellow with the yellow metal


#2 alexnewbee

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Posted 05 October 2020 - 01:53 PM

Also VIX is bullish :)
The whole world us bullish.
"we do G.d's work" Lloyd Blankfein

#3 Darris

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Posted 05 October 2020 - 02:16 PM

If NYSE breadth holds together today, and we get one more 80% day Tuesday or Wednesday, and Tuesday or Wednesday are not crushed, we will have a 10 day NYSE exponential moving average breadth thrust.  Parameters for ema versions vary a lot more than the simple moving average versions, but on Sept 23rd the 10 day ema advancing breadth closed at 38.4% and the sma 43.2%.  Two more days in the 10 day window to get the ema over 62.5% and that will signal some type of breadth thrust.  The last thrust I saw was from May 14th to May 28th on the sma and that took us to SPX 3000 and has held ever since, so if this signal triggers would expect 3200 to hold thru the end of the year.  FWIW



#4 Darris

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Posted 05 October 2020 - 03:22 PM

Japan Nikkei Index is approaching a very interesting resistance level from 2018 as well.  Things start to get real interesting above 23,600 tonight, and long term above 24,000 on the cash market later.  Just wondering if a short squeeze above 24K would approach 30K...................



#5 salam

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Posted 05 October 2020 - 03:28 PM

Well well.

what a bull.

 

I closed 2/3 of my Vix etf longs and flipped long the SP just before the close.

im expecting a tear up into options expiration now.

 

what I expect, however, often fails to materialise  


I'm not sure what my future holds... But I know who holds it.

#6 gm_general

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Posted 05 October 2020 - 05:28 PM

Also VIX is bullish smile.png
The whole world us bullish.

 

SPX up big and VIX also up and this morning pinning 200 SMA not as bullish as that.



#7 salam

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Posted 05 October 2020 - 07:44 PM

Well well.

what a bull.

 

I closed 2/3 of my Vix etf longs and flipped long the SP just before the close.

im expecting a tear up into options expiration now.

 

what I expect, however, often fails to materialise  

As expected, my long is stopped out at 3997 cash. Flipping short again ! 


I'm not sure what my future holds... But I know who holds it.

#8 salam

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Posted 05 October 2020 - 08:49 PM

Whipsawed!
Time to take a break.
I'm not sure what my future holds... But I know who holds it.

#9 gannman

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Posted 05 October 2020 - 10:45 PM

daily macds look good i think we are in some kind of a wave iii here fwiw 


feeling mellow with the yellow metal


#10 redfoliage2

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Posted 06 October 2020 - 09:34 AM

Goldman Sachs analyst said a few weeks ago that they expect SPX 3600 by the end of the year:

 

https://markets.busi...20-9-1029586378


Edited by redfoliage2, 06 October 2020 - 09:40 AM.