Martin Armstrong (Armstrongeconomics.com)has been very public with his forecast for several years. Exact timing is his only uncertainty. Several years ago he started calling for DOW 40,000 + based on the Euro falling apart.
The political news out of France is not positive for the status quo along with aggressive FOMC I see it as a one two punch. Base support for the trend to me was DeSJardin's chart and article last night on the net migration of millionaires last year showed people leaving China and France for for British commonwealth countries (Australia, Canada & New Zealand) and of course one former colony.
IWM trying for a 3:30 ramp????
Otherwise I’ll be stopped out and sell intraday
It is what it is …. for now… we’ll talk in a few weeks about FOMC…..
bye bye bosses
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
I got a valid short signal at 15:07 at ES 2399 which I did not take as bullish momentum (the ADX 14 component DI+ ) refuses to drop under 15. Just saying the excitement is over only remaining up should be that ETF rebalance, if it happens.
The blue-chip gauge closed at 20,000 just a few weeks ago, marking a then-second-fastest push (42 days) to a 1,000-point milestone. If the benchmark closes at 21,000 today, it would match the fastest-ever surge to such a milestone at 24 days, equaling the same span of trading sessions between 10,000 and 11,000 in May 1999.
QED So after Trump speech but before London/Frankfort open? If BofA Merrill data is still holding then it would have been funds taking more profits but who would be on the other side? I mean the current mime is that this market is totally retail and they don't trade dark pools.
Trades with cats wrote:QED So after Trump speech but before London/Frankfort open? If BofA Merrill data is still holding then it would have been funds taking more profits but who would be on the other side? I mean the current mime is that this market is totally retail and they don't trade dark pools.
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When the spike is so hard-and-fast like today’s, it will revert (see top panel)
Probably tomorrow
But note 9 Feb to 13 Feb it took two+ days, because nothing is easy
15 min
IWM
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.