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Seasonal "top" and a weak T


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#1 Rogerdodger

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Posted 29 August 2021 - 11:10 AM

CNN's Fear and Greed is @ 50%

 

T-Theory Thoughts
https://ttheorygroup.science.blog/ 

"With the “Weak T” on the McOsi ending September 3, the outlook for equities is in jeopardy. 

The McOsi has peaked at the same level as the last descending high trend line, unless Monday’s action moves it higher."

 

"The Exxon Mobile T is Over
The XOM T should have completed a period of strength yesterday. Instead, it brought the potential for a strong move lower next week.
Unfortunately we have the potential of a hurricane passing through the Gulf, which is both alarming on a humanitarian level, and may have an impact on the future of the chart. I can only account for what the chart tells me."

 

Mike Burk's September Seasonal Pattern

.Mike-Burk-September.jpg

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Edited by Rogerdodger, 29 August 2021 - 11:36 AM.


#2 q4wer

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Posted 29 August 2021 - 11:31 AM

bull.gifbull.gifbull.gif



#3 kinga200

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Posted 29 August 2021 - 05:46 PM

Roger mom luvs ur stuffkeep it up!😊

#4 slupert

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Posted 29 August 2021 - 07:32 PM

bull.gifbull.gifbull.gif

yep, breadth improved, nice volume Friday, seems more like a continuation than exhaustion I would not short this market, they come out and say we are at peak delta, shorts will take another merciless beating.. Any news on us losing momentum against the virus will be met with selling. I can see a possible pullback on SPY to 243 if wwe see weakness, but that is about it. (JMHO)



#5 da_cheif

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Posted 29 August 2021 - 10:48 PM

yawwn    .....seems like i tawt u all good........:>) finally......oh my bad ...twas the market......snort


Edited by da_cheif, 29 August 2021 - 10:49 PM.


#6 Rogerdodger

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Posted 30 August 2021 - 08:14 PM

Roger mom luvs ur stuffkeep it up!

 

Tell her not to look too close cause "my stuff" is other people's work that I like and stole. purebs.gif



#7 kinga200

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Posted 30 August 2021 - 08:25 PM

Roger mom likes ur stolen stuff.😜

#8 RadioHead

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Posted 31 August 2021 - 04:04 AM

Leveraged long. 2+2=5.

#9 12SPX

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Posted 31 August 2021 - 07:44 AM

Gotta say I'm not following when you don't even realize 2 + 2=4!!  yes.gif



#10 Rogerdodger

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Posted 31 August 2021 - 10:07 AM

Roger mom likes ur stolen stuff.

 That's all I smoke.

rolleyes.gif