Jump to content



Photo

Looking for SPX 3837/38 by March 30th!

SPX

  • Please log in to reply
32 replies to this topic

#21 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 14,276 posts

Posted 30 March 2021 - 03:21 PM

Tomorrow Biden will unveil the plan for a massive infrastructure package that would provide investments in bridges, roads and waterways across the country as well as what the White House termed "an infrastructure of the future."  Regardless where the money will come from the money will go into the economy and into the market so the riches won't lose anything as they will have more business and higher stock prices..............


Edited by redfoliage2, 30 March 2021 - 03:31 PM.


#22 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 7,808 posts

Posted 30 March 2021 - 05:39 PM

That would require 125 point drop in SPX tomorrow to fulfill your prophecy.

Possible but unlikely.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#23 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 14,276 posts

Posted 30 March 2021 - 05:55 PM

I see both ES and NQ will be in new highs in April.  NQ is developing an inverted H&S base on its hourly.


Edited by redfoliage2, 30 March 2021 - 06:02 PM.


#24 blustar

blustar

    blustar

  • Traders-Talk User
  • 5,587 posts

Posted 31 March 2021 - 01:10 AM

That would require 125 point drop in SPX tomorrow to fulfill your prophecy.
Possible but unlikely.



#25 blustar

blustar

    blustar

  • Traders-Talk User
  • 5,587 posts

Posted 31 March 2021 - 01:11 AM

I changed my target to 3871/77 zone

#26 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 14,276 posts

Posted 31 March 2021 - 08:38 AM

I see both ES and NQ will be in new highs in April.  NQ is developing an inverted H&S base on its hourly.

It's a month-long inverted H&S base on 120-min chart pending breakout early April.  Now it's about the time for a earnings run after the March consolidation......................


Edited by redfoliage2, 31 March 2021 - 08:45 AM.


#27 blustar

blustar

    blustar

  • Traders-Talk User
  • 5,587 posts

Posted 31 March 2021 - 01:42 PM

Congrats to Red for seeing this move up today. The SPX is in a VST bearish position now.  The Dow 30 is barely up today, while the NDX is screaming.  If this is end of quarter window dressing, they are plowing into the techs today and that may not be a good thing.  Tomorrow's job report is likely going to put a pin in the tech growth stock bubble and send the NDX and SPX down hard to around 3887 SPX on a gap down.  There were two astro topping sextiles the past two days: Venus/Sun sextile Saturn, putting limitation to growth stocks based on interest rates going up. Buying the dip looks logical once more as I believe we tag 4012/13 Monday on the SPX, but then lower into the 7th, 8th up and down into the 13th/14th then another strong rally into the 20th and perhaps even the 23rd.

 

My blog has new info.  I bought April 1 puts today on the SPY.



#28 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 7,808 posts

Posted 31 March 2021 - 03:43 PM

I am going to ignore job reports, earnings reports, astrological reports and all other reports except the $2,000,000,000,000 spending report from Biden. What is more important to stock prices than abundant liquidity? This is not a normal market, This is a covid market.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#29 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 14,276 posts

Posted 01 April 2021 - 09:35 AM

SPX 4000 target met.  VST the market is in over-bought conditions ........................



#30 12SPX

12SPX

    Member

  • Traders-Talk User
  • 4,039 posts

Posted 01 April 2021 - 09:38 AM

Getting so exciting!! 







Also tagged with one or more of these keywords: SPX