50 replies to this topic

[tradesurfer]

Al brooks weekend report

https://www.brookstr...ed-wedge-rally/

[tradesurfer]

Well well well...

 

IF the bears are lucky this week then we have a top in the XLY, the QQQ and the VALUG

 

AB CD completion in QQQ

 

bearish crab in VALUG

 

bearish harmonic also in XLF

 

in other words bearish harmonics all over the darn place... the pressure is on the bulls to keep the tape running north from here and without fail.

 

 

 

[redfoliage2]

Okay, let's see if the ST support at 3660 will hold ......................

Edited by redfoliage2, 07 December 2020 - 01:58 PM.

[redfoliage2]

SPX chart showing it's currently right at the upper trend line/strong resistance - more likely a sell than a buy here:

 

https://stotckcharts...id=p88642201221

[redfoliage2]

Amid the big down today the ST support still holding .....................

[redfoliage2]

Let's see what will come out of ECB meeting tonight ................

Edited by redfoliage2, 09 December 2020 - 04:14 PM.

[redfoliage2]

If the ST support at 3660 holds tomorrow expect the market to make another run to the upside ...............

[tradesurfer]

 it looks like we are about to enter a solvency event, where everything gets liquidated and nowehre to hide except US dollar.

 

[redfoliage2]

This dip will be bought once the Congress passed the bill which is a must.  My year end target SPX 3700 - 3750.............................

[salam]

Dip bought.

 

let’s see if 3680 holds