OpEx - Usually a Big Up Week, Especially for This Week

I noticed a big drag on stock market was out of the way earlier today ....................

ES made the reversal on a inverted H&S bottom (see 120 min chart).   It should get to at least 3550 on swing up ...........

Bulls SPX must get above 3402 quickly if the rally is to continue ................

Edited by redfoliage2, 14 September 2020 - 01:22 PM.

1535 area on RUT likely "the tell" zone

Bulls SPX must get above 3402 quickly if the rally is to continue ................

Even at sometime tomorrow it should be okay though it's the best to close above it today.  Or a gap up over it in the morning?

Edited by redfoliage2, 14 September 2020 - 02:04 PM.

 

Bulls SPX must get above 3402 quickly if the rally is to continue ................

Even at sometime tomorrow it should be okay though it's the best to close above it today.  Or a gap up over it in the morning?

 

They just did it as I thought.  Next is to back test 3500 ..................

Edited by redfoliage2, 15 September 2020 - 07:51 AM.

That'll be interesting for sure we'll see! 

The recent correction was engineered by them and it's over by now.  

Don't fight, it's just another Rinse/Repeat in the game ....................

Edited by redfoliage2, 15 September 2020 - 08:46 AM.

Everyone wants to load with lower prices and some use conventional valuations thinking this market should be much lower.  But they fail to understand this is an unusual market and we are under an unprecedented situation.  The operators will not allow much a correction as it's about live/death for the economy and the system.  That's why an economist/analyst without a deep understanding of politics/social systems is unable to understand the current US market, they are just a nerd ....................

Edited by redfoliage2, 15 September 2020 - 10:09 AM.

tops are always dificult to predict-bottoms are easier