BullBear52x wrote:Now it's time to see when market crashed in the past, with the GDP like this I will say what's in front of me doesn't suggest that it will crash any time soon.
Ned Davis research world wide economy chart saying 92% chance global recession. US is the cleanest shirt in the closet.
They declared global bear market a few months ago. Was supposed to have a conference call about it, but it was cancelled due to some technical issue.
BullBear52x wrote:Now it's time to see when market crashed in the past, with the GDP like this I will say what's in front of me doesn't suggest that it will crash any time soon.
Ned Davis research world wide economy chart saying 92% chance global recession. US is the cleanest shirt in the closet.
They declared global bear market a few months ago. Was supposed to have a conference call about it, but it was cancelled due to some technical issue.
Their US model is still bullish.
This the thing, some people chart Gold to trade SPX
I chart SPX to trade SPX
My comments are for entertainment/educational purpose only. NOT a trade advice.
Problem isn't the charts and the models, it is the Federal Reserve. The pro's are saying the SOMA run off is essentially doubling the effect of the rate increases and Yellen made it clear they would not adjust the SOMA run off program. Powell Fed has confirmed. Now Trump on their case so you note two voting members hit the airwaves to say stuff it we don't care about your silly stock market.
back to day trade, now we got LL again, the one minute is now reset to bearish again, the counter trend buy never trigger. still waiting for the setup, will see, the lower the better I guess.
My comments are for entertainment/educational purpose only. NOT a trade advice.
sorry, forgot to post, it's possible downtrend day with maybe later day reversal, at least this bear shall have legs.
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Mr. BachNut wrote:Tried some long yesterday and stopped out today.
A bad close today and it looks like that February low is in for a test.
Then we will see.
Conversely, a good close today could signify reversal.
Break of the morning high will get a squeeze ripping.
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testing day high key time. sharp pullback then it's just a range day. small pullback or consolidation or breakout then it might be a V reversal day.
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