blustar
Posted 11 August 2021 - 02:46 PM
It looks like what Elliott termed an irregular top today. it is 20 TD's from the July 14 high which was 20 TD's from the June 14 top.
We have a Bradley due today and one on Saturday. Could easily be a large sell-off especially from Friday to Monday. One more move up into August 20-23 is expected if all remains the same.
Member
Posted 11 August 2021 - 03:27 PM
Looks like another busted double top pattern on the Dow. We'll see. Similar to Jan-March
Member
Posted 11 August 2021 - 08:00 PM
A top? Maybe. But next week should tell .....................
Member
Posted 12 August 2021 - 06:15 AM
american indexes still in bullish mode with so much fear around......the wall of worries is what substains the bullish trend and will substain it at leat till next feb although a correction in between is almost sure, but not now and not so deep...I think
forever and only a V-E-N-E-T-K-E-N - langbard
I want return OF my money more than return ON my money
Posted 12 August 2021 - 08:11 AM
american indexes still in bullish mode with so much fear around......the wall of worries is what substains the bullish trend and will substain it at leat till next feb although a correction in between is almost sure, but not now and not so deep...I think
No! It is the Trillions of digital dollars created out of thin air is what sustains the bull.
Member
Posted 12 August 2021 - 09:16 AM
american indexes still in bullish mode with so much fear around......the wall of worries is what substains the bullish trend and will substain it at leat till next feb although a correction in between is almost sure, but not now and not so deep...I think
No! It is the Trillions of digital dollars created out of thin air is what sustains the bull.
obviously.....but given that retailers are not allowed to partecipate in the bull run, the wall of worries is designed to keep them out.....when the wall of worries dissolves, watch out because it's a market top
forever and only a V-E-N-E-T-K-E-N - langbard
blustar
Posted 13 August 2021 - 07:14 AM
Volume Dynamics Specialist
Posted 13 August 2021 - 08:31 AM
No Fear Friday the 13th... it's Monday the 16th that is the worry...
Oh and then there is this... last 2 months of OPEX WEEK... (old chart)
Member
Posted 13 August 2021 - 09:53 AM
The pattern on the SPX vs the NDX suggests more strength into next week. Wednesday?
Rotational moves at a top can extend it for a few more days or so into SPX 5000 ...........................
Edited by redfoliage2, 13 August 2021 - 09:56 AM.
Member
Posted 13 August 2021 - 10:18 AM
To summarize, eventually there's going to be a swing high, brilliant analysis.
