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Looks Like a B Wave Bounce to Me!

SPX GDX

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#11 blustar

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Posted 21 August 2021 - 06:19 PM

 

 

 

The 4 hr and daily stochs still negative/pointing down, the weekly and monthly STOCH are down. The weekly MACD negative. We also had an A/D failure plus major intermarket divergences!
 
We short, we short!!
 
 

 
I stay long....I stay long......
 
 
 
 


Good luck, good luck... blu yes.gif
 
 
don' t get angry with me blu....simply I don' t agree with the dark forecasts about the stock markets in this phase.....it's early imo, early to be short on an LT time frame.....


#12 blustar

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Posted 21 August 2021 - 06:23 PM

I’m not angry with anyone. The rally Thursday to Friday was an abc rally, not impulsive. The move down last week was not your typical 3 day decline. It was too short. People are ignoring the deterioration that has been going on for months. I posted what I have posted.

#13 pdx5

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Posted 22 August 2021 - 12:46 PM

 Afghanistan situation could keep bulls alive a little longer. The over-inflated balloon looks prettiest.

Unless Biden resigns.


Edited by pdx5, 22 August 2021 - 12:48 PM.

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

#14 blustar

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Posted 22 August 2021 - 03:41 PM

After more research I found a low on the 24th, a high on the 25th and another low on the 27th based on money flow charts and the astro/wave cycles.  We could be down into the mid 3800's by late next week.  Support on Tuesday is around 4095/96



#15 blackcloud

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Posted 23 August 2021 - 11:04 AM

a b c d e f g







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