4 replies to this topic

[andr99]

do you remember that in June I was tracking the spx for a similarity with its March low formation, that worked so well in predicting the following June-July rise ?

 

Well, I' ve got another one for the nasdaq this time.....

 

https://i.postimg.cc...-similarity.png

 

marginal low possible, but then two months rise.....this is the last push downside to clear the table from unwanted early bulls

 

 

by the way the downside move we are facing right now, was not preceeded by a long distribution so that is should be short living.....maybe two more days at most 

Edited by andr99, 07 October 2022 - 01:25 PM.

[andr99]

on October 14th it's the start of earning season.....wait for upside surprises

[GDA]

daily breadth was overbought, weekly remains oversold; once they get in synch, then you can expect the next bounce

[K Wave]

on October 14th it's the start of earning season.....wait for upside surprises

Yes there have been so many of those thus far...FDX (which just re-warned about all of its customers businesses) AMD LEVI for starters 

 

Next week we get into the red meat..

[slupert]

do you remember that in June I was tracking the spx for a similarity with its March low formation, that worked so well in predicting the following June-July rise ?

 

Well, I' ve got another one for the nasdaq this time.....

 

https://i.postimg.cc...-similarity.png

 

marginal low possible, but then two months rise.....this is the last push downside to clear the table from unwanted early bulls

 

 

by the way the downside move we are facing right now, was not preceeded by a long distribution so that is should be short living.....maybe two more days at moThere is nothing more bearish than an issland rversal. If you drop a dead cat from high enough...