Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
BullBear52x wrote:If we close in the red today, I am seeing 2070 tomorrow.
I don't project price because TA guru knows, more time then not you will end up making a fool out of yourself, but 2070 is just floating on my crystal ball.
BB52, I seriously thinks that Bears are done and dusted...we are now looking at 2130's before any serious pull back...even after that pull back they may take up this into 2200's...insane time..this market will tank only after all the big boys retire and pocketing humongous profits in their ass...
minor change in H&S.. not sure... 1:30pm ET lunch hour close.. should see if it's legit... 60m into 20ma, hourly candle close at 2pm may help wit direction
BullBear52x wrote:If we close in the red today, I am seeing 2070 tomorrow.
I don't project price because TA guru knows, more time then not you will end up making a fool out of yourself, but 2070 is just floating on my crystal ball.
BB52, I seriously thinks that Bears are done and dusted...we are now looking at 2130's before any serious pull back...even after that pull back they may take up this into 2200's...insane time..this market will tank only after all the big boys retire and pocketing humongous profits in their ass...
Green closed will tell me that bulls are determined just like what you say. bears need today in red.
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:If we close in the red today, I am seeing 2070 tomorrow.
I don't project price because TA guru knows, more time then not you will end up making a fool out of yourself, but 2070 is just floating on my crystal ball.
BB52, I seriously thinks that Bears are done and dusted...we are now looking at 2130's before any serious pull back...even after that pull back they may take up this into 2200's...insane time..this market will tank only after all the big boys retire and pocketing humongous profits in their ass...
I'm not so sure.. think we maybe on verge of a very ugly down move... SPX lower highs, lower lows on the 60m.. just need a confirmation.. a break and hold of the 20w.. this weekend close will be of interest.. as next week going into the holiday weekend.. "may" be bullish enough to ensure a "retest" of a break ... a whole bunch of "IF's .. just trying to prepare.. if does happen.. it won't let anybody in, or out..
BullBear52x wrote:If we close in the red today, I am seeing 2070 tomorrow.
I don't project price because TA guru knows, more time then not you will end up making a fool out of yourself, but 2070 is just floating on my crystal ball.
BB52, I seriously thinks that Bears are done and dusted...we are now looking at 2130's before any serious pull back...even after that pull back they may take up this into 2200's...insane time..this market will tank only after all the big boys retire and pocketing humongous profits in their ass...
I'm not so sure.. think we maybe on verge of a very ugly down move... SPX lower highs, lower lows on the 60m.. just need a confirmation.. a break and hold of the 20w.. this weekend close will be of interest.. as next week going into the holiday weekend.. "may" be bullish enough to ensure a "retest" of a break ... a whole bunch of "IF's .. just trying to prepare.. if does happen.. it won't let anybody in, or out..
for longer term, see $BPSPX here
for today's end of day closed, see this guys for continue weakness only if they tanked back under 50 center line. NYA is the leader so far.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:If we close in the red today, I am seeing 2070 tomorrow.
I don't project price because TA guru knows, more time then not you will end up making a fool out of yourself, but 2070 is just floating on my crystal ball.
BB52, I seriously thinks that Bears are done and dusted...we are now looking at 2130's before any serious pull back...even after that pull back they may take up this into 2200's...insane time..this market will tank only after all the big boys retire and pocketing humongous profits in their ass...
I'm not so sure.. think we maybe on verge of a very ugly down move... SPX lower highs, lower lows on the 60m.. just need a confirmation.. a break and hold of the 20w.. this weekend close will be of interest.. as next week going into the holiday weekend.. "may" be bullish enough to ensure a "retest" of a break ... a whole bunch of "IF's .. just trying to prepare.. if does happen.. it won't let anybody in, or out..
Fehro, I was/am hoping for same and I did have targets for this potential down move..but looks like need to revise..yesterday VIX action also didn't give any sign of market tanking and create doubts in my mind..it was very dull action on VIX..
There is nothing in short term that can derail the market rally..Greece is on back burner and everyone kind of expecting decision of rate hike...where is the catalyst to make any serious dent in this market??
If you a have a huge portfolio and need to sell it, you better wait till everybody is willing to buy. An scenario with no reason to go down is a good place to start.
Junior Buffett wrote:
Fehro, I was/am hoping for same and I did have targets for this potential down move..but looks like need to revise..yesterday VIX action also didn't give any sign of market tanking and create doubts in my mind..it was very dull action on VIX..
There is nothing in short term that can derail the market rally..Greece is on back burner and everyone kind of expecting decision of rate hike...where is the catalyst to make any serious dent in this market??
Not sure what the catalyst will be... or the "reason" the media will attach itself to.. but the bigger moves in GOLD/USD/BONDs.. is showing some sort of unrest... keep your eye on commodities/food.. "may" see a move to "hard" assets