11 replies to this topic

[blustar]

I'm calling THE top at least on a closing basis for Friday July 16, 2021.  I could be off a day at most for a print top. I see as bad as crash as what happened in Feb/Mar 2020 in Jul/Aug 2021 ~ 35% down

[redfoliage2]

Very unlikely for a crash during earnings reporting season, and this dip will be bought again ............................

Edited by redfoliage2, 15 July 2021 - 12:16 PM.

[12SPX]

My only question is are you going to stick to this one even if its only -5%?

[redfoliage2]

So far it has been in typical OpEx actions for most of the week, and so it's entirely possible for a big gap-up on the OpEx Friday .....................

Edited by redfoliage2, 15 July 2021 - 12:48 PM.

[pdx5]

Blustar may need to clean that crystal ball.

[fib_1618]

You have technicals behind you on this one, Brad...good skill.

 

Fib 

[GDA]

Better odds to call for a top in September

[andr99]

..........has calling tops become a sport ? Every week and a half, there's a top claimed. Only difference this time is that we are going to face a disaster in a month with 35% drop....... 

[blustar]

 The current state of the market is it must hit 4424/25 before THE top.  That top has been elusive.

 

The daily cycle looks to be running a 7/13 or 20 TD low Monday with support in the low 4300's (forming a complex B Wave).  The final C wave won't be due until July 26 which is way out of kilter with my cycle work.  This current sell off is NOT the BIG one.  We have to wait for that one.

 

[redfoliage2]

It's still working on the OpEx tricks.   If it does not bounce up before the close today I'd expect a big up day next Monday ............................