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BULLS recover -- more DECLINES ahead


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#11 dTraderB

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Posted 03 October 2021 - 04:19 PM

Here we go again! LOL

 

 

Sentiment Speaks: Is This The End Of The World As We Know It?
Summary
  • Too many investors retain a negative bias of the market because of news or fundamentals upon which they solely focus.
  • The market has struck an important support region.
  • As long as this support holds, I am looking next to the 4900-5000SPX region.

For many months, I have been outlining a major market pivot to the members of my The Market Pinball Wizard analysis service between 4095-4270SPX. That is the major support in the market at this time. And, I noted earlier this year to our members that once the market exceeds that pivot, it will rally into the 4440-4600SPX region, and then come back to test that market pivot from above. As long as the market holds that support region, I am looking for a signal that we have begun our next rally to our next major target in the 4900-5000SPX region.

At the end of the week this past week, the futures market struck the top of this support region at the equivalent of the 4270SPX on the nose, and Friday we experienced a very strong rally off that support. Yet, I need to see a 5-wave structure off the low to provide us with our initial signal that the rally to 4900+ has begun in earnest.

https://seekingalpha...d-as-we-know-it



#12 dTraderB

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Posted 03 October 2021 - 04:23 PM

Will you be surprised if it is revealed many in many governments use insider info to trade? Not me, I think it is widespread....

 

Watch CHINA....  

 

Biden’s top trade advisor will say China isn’t complying with phase 1 deal reached under Trump, according to sources

https://www.cnbc.com...ay-sources.html



#13 dTraderB

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Posted 03 October 2021 - 04:24 PM

Thinking of the C word if this happens....

 

 

 

 

 

#14 kinga200

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Posted 03 October 2021 - 08:11 PM

Good luckWatch da grounf.

#15 12SPX

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Posted 04 October 2021 - 07:40 AM

I had done a short on Friday but going into the close I covered it for a 5 point profit, just wanted a weekend off not thinking about it!  Could've held it or put it back on with the open yesterday but wanted to wait till this morning.  The way its looking though I'm starting a long build at 4330 for the cash open, market is a bit oversold here so we'll see how it goes...



#16 12SPX

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Posted 04 October 2021 - 07:46 AM

profit stop 4332 for the open, pretty sure I'll buy lower....



#17 12SPX

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Posted 04 October 2021 - 07:49 AM

Hmmmm this is nice the market is feeling like it wants to go up.... profit stop 4335...



#18 12SPX

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Posted 04 October 2021 - 07:53 AM

Couldn't resist took it off at 4340 for a nice quick 10 point profit.  Will buy lower and build a long as we go into the cash open...



#19 12SPX

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Posted 04 October 2021 - 08:38 AM

Starting a long build at 4335....



#20 12SPX

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Posted 04 October 2021 - 09:07 AM

Average long now 4329...