SPY: Top is IN at 284.36. On 20 min. Chart waves 1 down and 2 up are complete today. Wave 3 down started today (Wednesday). Big move down to test December lows gets underway in earnest tomorrow (Thursday). Right or wrong that’s my CALL Another 550k S at open tomorrow
Oh By the way, that formation you see on SPY 20 min. Chart is a topping formation. A Head & Shoulder pattern. Right shoulder is lopsided but it has a clean neckline at 280.32. Visible on 1H too. For pattern to fire, neckline must break
This strong bull started to run since 26 Dec 2018. There is no way to tell how far up it will go. Who knows ES might break the record high of 2950
I never make up stats. I go with what I know and see. Your comments to me are a clear indication you are a follower, you go with the crowd, no kahunas to differ or walk your own road. You are 100% certain Market is going up and will take out the 2018 top. Which really don’t bother me, I expected that. But what throws your comments into real Herd wildebeest realm is the “shut up” comment. I would absolutely love for you to say that to my face in person. Otherwise, Peace amigo. .
Correct! The strong bull started to run since Dec 26. One correction is required. “The tired, dying Bull made his last valiant run starting Dec 26” “There’s no way to tell how far it will go”. =. YOUR limitations do not belong to me. I will always try to gauge how far a bull or bear will or can go using the tools I have and especially looking to PAST monthly support/R areas way to left of chart. Dow Jones topped at Fibo 261.8%on the button on Jan 26, 2018.
Aside from technicals aka footprint of the herd, real on the ground evidence is piling up to such an extent WORLDWIDE about bubbles bursting left and right. The poor fellas at ET have no clue and even if they did to some extent they would say, “no way that trouble can affect America”. They’d have forgotten that Europe got the Great Depression going and SENT it to America. Now we are there AGAIN. Australia, Canada, Singapore, NZ, India, China, King Kong etc., etc., real estate aka ATM are crashing left and right. USAreal estate is in very early stages of repeating 2006-2009 crash. Did I mentionDubai? Oh no. . Say bye bye to Saudi Arabia, it’s falling apart along with the others. But Dubai takes the cake. Soon the dollar will resume rampage and hammer emerging markets into submerging ones. Here’s Aussie for starters. Fasten seatbelts.
ha. that was my mindset decades ago. And I had deleted those false teachings. Anyway if your current mindset works for you, all the best mister.