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"NO MORE BEAR MARKETS" -- “Buy the dip because stocks always come back and they always come back soon.”


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#11 dTraderB

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Posted 06 June 2021 - 08:52 PM

Please, chief, what do you think? 
Are we heading to SPX 4300 before SPX 4100? 

I think so

 

so i guess nobody cares what the guy with credentials thinks......



#12 dTraderB

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Posted 06 June 2021 - 08:53 PM

HOURLY ES & NQ charts turned down 

 

Will resume 5am 



#13 tsharp

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Posted 06 June 2021 - 11:07 PM

Another 4400 TOP forecast

--

Avi's EW forecast:

 

Our main support remains in the 4115-4150SPX region, as I outlined last weekend. And, this past week, the market pulled back to within 18 points of that support. As long as the market continues to respect that immediate support, I am looking for a rally next towards the 4330-60SPX region in the coming weeks, at which time, we will raise our support. Ultimately, I see this as only an initial target on our way to an ideal target exceeding 4400SPX later in June.

But, I must warn you. Based upon the structure of the market at this time, even if we do go to 4400SPX in the coming weeks, it will not be an easy climb. Rather, the structure is presenting as quite a volatile one within this segment of the uptrend.

Furthermore, should we complete this structure in the coming weeks, then I would expect a very strong reversal after this structure completes. And, I think that reversal can be quite fast and strong and target the 4166SPX region again. This type of decline will re-set sentiment to the point where we can then substantiate an expectation for a rally to 4600+ later this year.

 

So, in summary, we have entered into a very treacherous market environment, which will likely last over the coming two months. And, I do not see the next multi-month trending market move setting up for several months.

https://seekingalpha...-for-volatility

 

 

 

Funny... I've been calling for ~4406 for almost a year now:

 

SPX-W-06-04-21-2.jpg



#14 12SPX

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Posted 07 June 2021 - 08:42 AM

 

Please, chief, what do you think? 
Are we heading to SPX 4300 before SPX 4100? 

I think so

 

so i guess nobody cares what the guy with credentials thinks......

 

Whoops didn't hit post again but no difference so far lol!!  Well that would be great to get an actual prediction "before" it happens lol!!  Meanwhile I'm just adding to my short bringing my average to 4224 for the cash open.



#15 12SPX

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Posted 07 June 2021 - 08:56 AM

Setting profit stop was taken out for a 1 point profit at 4223 and starting my resell build again at a nice round 4225



#16 12SPX

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Posted 07 June 2021 - 09:03 AM

Profit stop 4223, will sell higher....



#17 12SPX

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Posted 07 June 2021 - 09:11 AM

Out for a 2 point profit, starting my short rebuild at 4225 once again....



#18 12SPX

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Posted 07 June 2021 - 09:35 AM

Although resistant I guess I've gotta do a long here at 4218...



#19 12SPX

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Posted 07 June 2021 - 10:15 AM

profit stop 4219....



#20 12SPX

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Posted 07 June 2021 - 10:17 AM

go crazy here profit stop 4220, will buy lower.....