BIG Rally Coming!

Based on data from Yahoo & Stooq (prior to 1950):

7/31/1919*

9/30/1920*

5/29/1971*

10/31/73*

2/29/80*

1/31/1984*

7/31/1985*

7/31/1990*

1/31/1997*

*SPX traded lower in all instances in month(s) to follow

 

6/302005 , 12/30/2005 & 6/29/2018 also looks the same to me...no weakness to follow

 

Disclaimer: I am no expert in Candle stick pattern reading.

I'm with you Tsharp. Someone else had an excellent post on citing momentum and " the longer above , the longer below" . I'm still short after all this time. I did close 1/3 of my qqq short but added an even larger smh short @143 145 and 149.70. Have adjusted gold longs but overall have added long. My three largest positions won the stock picking contest ssd t unofficially in my book. Irvrf, lomlf and mgdpf. All gained over 100% the last year

Edited by skott, 02 February 2020 - 02:31 PM.

I do think February will be down on SPX....  This is not only due to Candlesticks, but the slowness in the economy that can be seen buy fast drop of prices in Commodities, 4 months of new home sales decline, flat new car sales, Rail down...   bulk shipments ( Baltic ) prices down...    PE of SPX is close to 25 which is overvalued....

Harapa
Good call on those dates.
6/302005 , 12/30/2005 & 6/29/2018
The following months are rallies.

Isn't the rule " a down January is usually a down year" ?

 one big red monthly candlestick bar that closes near the bottom of the candlestick ?

 

 

I do think February will be down on SPX....  This is not only due to Candlesticks, but the slowness in the economy that can be seen buy fast drop of prices in Commodities, 4 months of new home sales decline, flat new car sales, Rail down...   bulk shipments ( Baltic ) prices down...    PE of SPX is close to 25 which is overvalued....

The e-waves has X Jan 27 and Y next week around Feb 5.  Of Y, we have an inverted wxy wave with y of Y blasting up to new highs with most of it coming on Monday Feb 3.  I would not be surprised to see a move up into the 3350's SPX.  Z is due on Feb 13, big down.  A wxy Y wave is a strong bearish pattern once complete and Z should run abc with c of Z from Feb 11-13.  Amazon is leading the NASDAQ 100 strongly causing it to not make new lows today.  The NASDAQ 100 pattern is very bullish and will lead the market higher into next week. There is a J/S top due Feb 3 and we have a Bradley due Feb 1.  The next one is due Feb 8. Normally, the two month cycle would take over into Tuesday week, but it is inverting, which will prove to be very bearish as we go into Feb 13.

It has the making of a great call.
 

From: da_cheif™    of 32786   the es reached its 50 day ma today which was coincident with the 75% retrace of the advance that started on jan 8 at 3181 and basis daily charts just a simple abc decline so the es appears to be set up for the biggest upday in history........watch larry and curley blast me on this lmao ..remember the low on the es was 3181 on jan 8

 

 

https://www.siliconi...?msgid=32530135

Today is up strongly as predicted. 3340/50 s by Feb 5 looks likely

Blustar - 

 

you dont think the fact that the Flu number peaked - in other words did not rise parabolically - had anything to do with it - or would it have still been up today anyway  had there been 100,000 new cases over the weekend ?

 

what's your viewpoint on that ?