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ST Bottom or Not


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#1 redfoliage2

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Posted 16 August 2019 - 10:25 AM

If SPX is able to close above 2776 today it may have made a ST bottom here...................



#2 tsharp

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Posted 16 August 2019 - 01:57 PM

If SPX is able to close above 2776 today it may have made a ST bottom here...................

 

 

That's how I saw it...

 

SPX-D-8-14-19.jpg



#3 dTraderB

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Posted 16 August 2019 - 07:13 PM

If SPX is able to close above 2776 today it may have made a ST bottom here...................

 

 

new highs in September

 

then whoooosssshhhhhhhhhhhhh !!



#4 tsharp

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Posted 16 August 2019 - 08:08 PM

 

If SPX is able to close above 2776 today it may have made a ST bottom here...................

 

 

new highs in September

 

then whoooosssshhhhhhhhhhhhh !!

 

 

Actually, IF my work is correct, the new highs persist into year's end...  Looking for ~3290, basis the SPX.



#5 redfoliage2

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Posted 19 August 2019 - 09:54 AM

 

 

If SPX is able to close above 2776 today it may have made a ST bottom here...................

 

 

new highs in September

 

then whoooosssshhhhhhhhhhhhh !!

 

 

Actually, IF my work is correct, the new highs persist into year's end...  Looking for ~3290, basis the SPX.

 

Now look for the SPX 2953 gap gets filled this week.................



#6 redfoliage2

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Posted 19 August 2019 - 03:18 PM

SPX was able to get back into the ascending wedge and closed just above the lower trendline.  Now it's in bullish mode again and the potential target is the apex of the wedge at 3055................... 



#7 redfoliage2

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Posted 20 August 2019 - 12:47 PM

But be aware that it will be very bearish if SPX drops out of the ascending wedge again .................


Edited by redfoliage2, 20 August 2019 - 12:47 PM.


#8 redfoliage2

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Posted 21 August 2019 - 11:03 AM

Still on track to SPX 3055 ...................



#9 redfoliage2

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Posted 23 August 2019 - 07:23 AM

Now all looking at the Hole .................


Edited by redfoliage2, 23 August 2019 - 07:25 AM.


#10 redfoliage2

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Posted 23 August 2019 - 11:24 AM

But be aware that it will be very bearish if SPX drops out of the ascending wedge again .................

It looks going that way.......................