154 replies to this topic

[12SPX]

Yes agree on that Bruce and the Fed is reluctantly changing for sure, market isn't rational!!   Profit stop 4720, will sell above.....

[redfoliage2]

 

 

 

So, the Fed knows it needs to meet the market consensus and it did.  A positive interaction between the two ...........................

BTW, the last hurdle was cleared on the way for Santa rally, and the market is likely to go higher from here into the holiday week.  Again, dip buyers got rewarded  ...............................

 

By the end of the day SPX developed a breakout from the shoulder line of the inverted H&S pattern on the hourly chart, and it's likely to go much higher on this breakout before the end of the year.  And I maintain my prediction for new highs soon....................

 

An inverted H&S pattern on ES chart as well with 120 min chart ...............................

 

I see the early dip from some profit taking will be bought later in the day, just like last Friday ......................

Edited by redfoliage2, 16 December 2021 - 09:53 AM.

[12SPX]

Well this is getting fun, profit stop 4615

[K Wave]

And KABOOM, just like that here we are at 16100....

 

now we see who really wants the ball after Fedspeak....

[12SPX]

profit stop 4710, wouldn't it be fun if the market gave up all of yesterdays gains lol!!  Don't think it'll happen but will say,,,,,,,shhhhhh quad expirations are generally quiet, everyone's already moved on to January because people have learned it is the stupidest way to calculate and expiration lol!! 

[12SPX]

Was adjusting my pprofit stop down to 4700 and was taken out for a nice 25 point profit, will resell higher.....

[12SPX]

Was going to go for a buy below 4700 but missed it so just to be safe starting my short build at 4711!! 

[K Wave]

Could be all about Apple 175 here....

 

As long as this backtest holds, the Quest For 3 TRILLION continues....

 

[12SPX]

Yes very interesting, profit stop 4700 once again....

[12SPX]

All over the place today, out for a 11 point profit at 4695 and starting a long build there.... will sell higher again though!!