Major Top Due Next Week!

I have Dec 11/12 as a major top in the SPX 3164/67 area. A quick hard move down is due between Dec 17-19 or Dec 18-20 depending on the date of the top.  See my blog link below in my signature for more details.

Blustar - 

you have been calling for a 7% drop for a few months now - do you still see that happening at some time in the future ?

Not to get on someone, but yes, he has been calling for 100 pt SPX moves for weeks and months. None have happened, or maybe I missed them. I think the doomsday report works for many, or some.

For a refreshing change, follow the Monkey Man trader in my notes below. Swing trading QQQ without a bunch of explanations, or hedging.

Blustar - 

 

you have been calling for a 7% drop for a few months now - do you still see that happening at some time in the future ?

 Only a couple weeks of the grind left and they can dump Han 1st if they want for the tax break. ST this iswhat I am thinking, strength should continue  unti Mondays open, there are plenty gaps underneath it, Q's and Dia are close to upper bollinger bands, pop Monday morning over upper BB's and look for gap fills before the FED meeting. (JMHO)

http://schrts.co/nUtSxusW

I have Dec 11/12 as a major top in the SPX 3164/67 area. A quick hard move down is due between Dec 17-19 or Dec 18-20 depending on the date of the top.  See my blog link below in my signature for more details.

The data I use indicates the odds continue to increase next week for a pullback. I'm flat and watching the show. One system I continue to watch was heavy short going into today's gap up and now flipped long for Monday's gap whatever.  LOL....  These guys!   The trend remains up, but my system is flashing big time warning lights....

The Risk Reward data is just to high for me to remain long.....  I get most of my Risk/Reward data from Sentiment Trader....

Have a nice weekend.....

Edited by robo, 06 December 2019 - 07:12 PM.

 

I have Dec 11/12 as a major top in the SPX 3164/67 area. A quick hard move down is due between Dec 17-19 or Dec 18-20 depending on the date of the top.  See my blog link below in my signature for more details.

The data I use indicates the odds continue to increase next week for a pullback. I'm flat and watching the show. One system I continue to watch was heavy short going into today's gap up and now flipped long for Monday's gap whatever.  LOL....  These guys!   The trend remains up, but my system is flashing big time warning lights....

 

The Risk Reward data is just to high for me to remain long.....  I get most of my Risk/Reward data from Sentiment Trader....

 

Have a nice weekend.....

 

I didn't think this would  perform like this today, http://schrts.co/MEMxbtUs

 

 

I have Dec 11/12 as a major top in the SPX 3164/67 area. A quick hard move down is due between Dec 17-19 or Dec 18-20 depending on the date of the top.  See my blog link below in my signature for more details.

The data I use indicates the odds continue to increase next week for a pullback. I'm flat and watching the show. One system I continue to watch was heavy short going into today's gap up and now flipped long for Monday's gap whatever.  LOL....  These guys!   The trend remains up, but my system is flashing big time warning lights....

 

The Risk Reward data is just to high for me to remain long.....  I get most of my Risk/Reward data from Sentiment Trader....

 

Have a nice weekend.....

 

I didn't think this would  perform like this today, http://schrts.co/MEMxbtUs

 

Highest close since July, that's why am only scalping, can't believe we won't see some lower prices after Jan 1st. (JMHO)

 

 

 

I have Dec 11/12 as a major top in the SPX 3164/67 area. A quick hard move down is due between Dec 17-19 or Dec 18-20 depending on the date of the top.  See my blog link below in my signature for more details.

The data I use indicates the odds continue to increase next week for a pullback. I'm flat and watching the show. One system I continue to watch was heavy short going into today's gap up and now flipped long for Monday's gap whatever.  LOL....  These guys!   The trend remains up, but my system is flashing big time warning lights....

 

The Risk Reward data is just to high for me to remain long.....  I get most of my Risk/Reward data from Sentiment Trader....

 

Have a nice weekend.....

 

I didn't think this would  perform like this today, http://schrts.co/MEMxbtUs

 

 

Highest close since July, that's why am only scalping, can't believe we won't see some lower prices after Jan 1st. (JMHO)

 

I agree and that's why I'm flat....  I think it will be before Jan 1st, based on the data I'm using. We could keep going higher, but t I'm just going to watch the show and VST trade only.... The MT data I use is troubling in my opinion.....  I wait!

We shall see how it plays out, and I will remain flat at Vanguard.

https://stockcharts....119&a=705007927

Edited by robo, 06 December 2019 - 08:55 PM.

Other sources than StockCharts reported net NYSE NH-NL lower for Friday.

https://www.barchart...hs-lows/summary

https://www.barrons....s?mod=md_subnav