Jump to content



Photo

One More Lower Low Expected by Thursday

SPX e-wave cycles

  • Please log in to reply
13 replies to this topic

#11 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,583 posts

Posted 01 September 2023 - 08:37 AM

I'm glad your sticking to your 4400 every day as we keep moving higher lol!!  



#12 cycletimer

cycletimer

    Member

  • Traders-Talk User
  • 2,624 posts

Posted 02 September 2023 - 06:25 AM

I remain long. I follow the intermediate term cycles which are more reliable and allow for decent runs in P&L. Next cycle turn is mid-Sept. which might lead to a decent pullback of 10%. New highs are coming as early as November and/or as late as January 2024.

#13 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,199 posts

Posted 03 September 2023 - 01:33 PM

I remain long. I follow the intermediate term cycles which are more reliable and allow for decent runs in P&L. Next cycle turn is mid-Sept. which might lead to a decent pullback of 10%. New highs are coming as early as November and/or as late as January 2024.

The market has to pull back first then go up. Ideally, ~4400 SPX Tuesday 9/4. Ideal top date window Sept 20/21. I see 30/35% down by October 16, then a Nov 6 high. No new highs. April 8 low near 1800 expected.


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#14 cycletimer

cycletimer

    Member

  • Traders-Talk User
  • 2,624 posts

Posted 06 September 2023 - 08:05 AM

I remain long. I follow the intermediate term cycles which are more reliable and allow for decent runs in P&L. Next cycle turn is mid-Sept. which might lead to a decent pullback of 10%. New highs are coming as early as November and/or as late as January 2024.

The market has to pull back first then go up. Ideally, ~4400 SPX Tuesday 9/4. Ideal top date window Sept 20/21. I see 30/35% down by October 16, then a Nov 6 high. No new highs. April 8 low near 1800 expected.

My trading plan is to remain long during the menial pullbacks like the one we’re in. This will be over today and onto retouch the old highs or barely exceed them before stronger pullback. At least that’s my bet. I’ll be out of ALL equity longs before mid-month.