fehro wrote:buckle up.. don't like indexes look…. careful of a huge shocking down move
those dailies.. pure ugliness if they close near here
need a huge shock for a huge shocking move....
Yellen calls for a "safe space" for the indexes.. no shorting allowed.
what is "shorting"?
Vice President Mile Pence is cutting short his trip to Latin America so he can join the president at a meeting about North Korea. The White House announced Wednesday that Pence would travel to Camp David with the president on Friday to meet with the White House national security team to discuss South Asia strategy.
Interesting but GRAIN OF SALT bubble charts
Because:
1) If I had a dollar every time margin debt signaled a short, I would not be a rich person
2) Historically when opaque China looks like trouble, they like to tinker and change stuff, and poooof, everything’s fine
3) Historically, bubbles take longer than you expect to pop http://www.zerohedge.com/news/2017-08-1 ... e-blinders
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Today sure looks like a double top and drop to the middle of the range. Going to need something strong to break out of this range!
Had to reload, couldn't read the difference between 1,000 and 10,000 tick in JPEG name
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Update on Elliott Wave Gurus-
1st opinion SPX 2479.5 and above count invalidated. Looking for a sharp plunge next week
2nd opinion Market could go either way at this point, back in the channel playing out an expanded flat.
So 1 for down and one for probably sideways, nothing bullish.