37 replies to this topic

[redfoliage2]

Now let's see if SPX can regain the 50 dma 4436 in the next few days to mark the end of the correction .................

[redfoliage2]

Now the market is in overbought conditions.  I'd not be surprised if we see a pullback soon..............

[redfoliage2]

The SPX 50 dma at 4437 may be back-tested early next week ..............

[redfoliage2]

The SPX 50 dma at 4437 may be back-tested early next week ..............

A successful back-test on SPX 50 dma is needed to confirm this move up is for real, not just OpEx related .................
 

Edited by redfoliage2, 15 October 2021 - 02:12 PM.

[redfoliage2]

Now the major stock indices are very close to a swing top ...................

Edited by redfoliage2, 20 October 2021 - 11:11 AM.

[redfoliage2]

I see the swing top is highly likely in the region of SPX 4550 - 4585 in the next few days......................

[redfoliage2]

I see the swing top is highly likely in the region of SPX 4550 - 4585 in the next few days......................

But I do expect boyz to make a higher high over 4550 .....................

[redfoliage2]

If bulls can have SPX to close above 4550 today the current up-swing is extended to 4620 ............

Edited by redfoliage2, 22 October 2021 - 01:20 PM.

[redfoliage2]

If bulls can have SPX to close above 4550 today the current up-swing is extended to 4620 ............

So it is likely to be there before the week ends .............................

[12SPX]

So this is out now I suppose?  Oct 24th "The market action on last Friday was bearish, indicating a pullback is in the cards......................"