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SPY and company ready to rise


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#1 diogenes227

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Posted 21 August 2019 - 08:33 PM

From the link:

 

 

WHAT’S NEXT?

 

If it can vault above the recent highs of the last few days, the market is going to rally strongly, maybe even explosively – and given how far “Fear and Greed” has to run to the upside, this rally could carry back to the highs and possibly beyond in the next few weeks...

 

 

For much, much more and the charts:

 

SPY - UP AGAINST A HIGH WALL AND READY TO RISE


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#2 opinionated

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Posted 22 August 2019 - 07:47 AM

You pay no attention to Cycle work?  An the seeming ability to front run news events?  And almost all Astro calling for extreme weakness into 8-29 ?  Technically I agree 100% but hesitate fading the cycles.

 

O



#3 blustar

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Posted 23 August 2019 - 11:50 AM

I see weakness from Monday to Wednesday next week with a high on Monday near 2947-54, with the .618 retrace at 2949/50, and gap fill at 2953/54 and previous support at 2954 tested possibly.  My cycle astro work suggests a rally into Thursday (from Wednesday) next week then down hard into Sept 3. Another hard drop on the 5th too. Double bottom on Oct 9/10


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#4 robo

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Posted 23 August 2019 - 12:00 PM

I see weakness from Monday to Wednesday next week with a high on Monday near 2947-54, with the .618 retrace at 2949/50, and gap fill at 2953/54 and previous support at 2954 tested possibly.  My cycle astro work suggests a rally into Thursday (from Wednesday) next week then down hard into Sept 3. Another hard drop on the 5th too. Double bottom on Oct 9/10

LOL....  It depends on what the next tweet will be from the Big House....  This is some crazy stuff, but fun to trade.....  I bet investors are saying WTF!  LOL....  

 

Stocks...

https://stockcharts....m=1&a=683821178

 

The Miners....

https://stockcharts....002&a=683481545


Edited by robo, 23 August 2019 - 12:01 PM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#5 diogenes227

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Posted 23 August 2019 - 03:28 PM

From the link:

 

 

WHAT’S NEXT?

 

If it can vault above the recent highs of the last few days, the market is going to rally strongly, maybe even explosively – and given how far “Fear and Greed” has to run to the upside, this rally could carry back to the highs and possibly beyond in the next few weeks...

 

 

For much, much more and the charts:

 

SPY - UP AGAINST A HIGH WALL AND READY TO RISE

 

From the link:

 

 

If it can vault above the recent highs of the last few days, the market is going to rally strongly, maybe even explosively – and given how far “Fear and Greed” has to run to the upside, this rally could carry back to the highs and possibly beyond in the next few weeks…

 

It better.

 

I say “it better” because if it doesn’t off this setup it’s going to be as Trader Vic Sperandeo always says: “If the market doesn’t do what is expected, it will do the opposite twice as much.”

 

So it was one of those "opposite twice as much days". yes.gif

 

After being stopped out twice, a net of 130% for the day trade in today's in the money SPY puts.

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#6 diogenes227

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Posted 28 August 2019 - 12:07 AM

SOME NOTES ON THE NYSI

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#7 diogenes227

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Posted 30 August 2019 - 12:20 AM

FROM FRIDAY TO FRIDAY TO "Deja Vu All Over Again"

 

From he link:

 

 

Trump tanked the market last Friday and maybe he can manage to blunder into doing it again but, based on the technical indicators, the market “should” have at least one more up day going into the holiday weekend.


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."