11/30/2019 Weekend Update

[Cobra]

Up one week, the next week has 78% chances to make a higher high so probably more up ahead.

[Al_Dente]

SentimenTrader
Our Intermediate Term Optimism Index's 20 day average has risen to 78, one of the highest levels in years.
“The last time this happened was in April, just before stocks pulled back…. [but] returns over the next year were mostly bullish, 
https://sentimentrader.com/blog/what-th ... report.com

[Al_Dente]

Almanac: Now through Xmas bullish, especially R2k
https://jeffhirsch.tumblr.com/post/1893 ... ally-trade

[Al_Dente]

... look back at other times SPX closed at a 50-day high on the day before Thanksgiving.
[not many instances]
https://quantifiableedges.com/when-the- ... report.com

[BullBear52x]

From "It is what it is department"Key focus Internals selling pressure is strongest.. Friday selling wiped out all of Wednesday's gain. Red candle out side of upper K-Channel we should get a day or two pull back and with the selling pressure on Friday I will be more cautious on the buy side. the relief rally pull back may have started! (again ) but this time is more stronger sell signal though.

Short term trend following is still going strong with a slight negative divergence, dip will be bought.

For counter trend, there is something to go by, I would look for lower gap fill in the early part of the week.

/ES is weakening under the mid channel once again.

Big picture on SPX index, there is trend line resistance to look to. Santa rally? not so much in 2018 was there. be careful out there. Peace!

[Al_Dente]

From "It is what it is department"Key focus ......... Peace!

THANKS BOSS I always look forward to your weekend wisdom

To celebrate this forum, y'all please vote Saturday and Sunday:
https://stockcharts.com/public/1684859

[BullBear52x]

From "It is what it is department"Key focus ......... Peace!

THANKS BOSS I always look forward to your weekend wisdom

To celebrate this forum, y'all please vote Saturday and Sunday:
https://stockcharts.com/public/1684859

` how about intraday? Thanks for your posts as well.

[Al_Dente]

To celebrate this forum, y'all please vote Saturday and Sunday:
https://stockcharts.com/public/1684859

` how about intraday? Thanks for your posts as well.

yes intraday too

[te_fern]

To celebrate this forum, y'all please vote Saturday and Sunday:
https://stockcharts.com/public/1684859

` how about intraday? Thanks for your posts as well.

yes intraday too

Tried that trade today and it hit my stop loss!