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Small gap down, so the gap might be filled.
Nothing to say on Global ES, it inches up, as long as the blue line below held, bulls have nothing to worry.
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GM, dollar was pretty close to breakout...close but no cigar, not yet
follow the dollar, if he fails then follow the QE junkies
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Good morning
Note the wedgie on $NYAD (second panel)
According to Bulkowski, it breaks to the downside 69% of time http://thepatternsite.com/risewedge.html
If/when it breaks down, the target would be the green line.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:Good morning
Note the wedgie on $NYAD (second panel)
According to Bulkowski, it breaks to the downside 69% of time http://thepatternsite.com/risewedge.html
If/when it breaks down, the target would be the green line.
814wedge.png
Thanks doctor great chart!
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
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.
Al_Dente wrote:Good morning
Note the wedgie on $NYAD (second panel)
According to Bulkowski, it breaks to the downside 69% of time http://thepatternsite.com/risewedge.html
If/when it breaks down, the target would be the green line.
Currency block is not painting a bullish picture and is at verge of going into complete sell. Also note further softness in ES will push it into sell mode (in the short term). Also note this is table of position of individual entities on their own momentum scale.
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Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
KENA I bought a couple shares of your WRES on 8/3 what do u think now? thanks boss
I did not buy any but have it on watch list..It has been doing well..Main reason for not buying was and still is I have enough swing long and short positions..Both doing ok.GT
PAGE HARAPA ONLY……..others: me still just tinkering here, don’t pay much attention to this one
I changed my MAs to 50 (better) and put this master chart on VIX so the CCI is now on VIX (instead of spy)
SPY is now purple behind invertVIX
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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.
This is an interesting new chart of the inverted Vix..Note that the last 4 times on the chart when it moved dn the mkt also moved dn for 3-4 days..Moved dn yesterday.So lets see.
I feel there's a bull trap here. Every time there is a gap down they push it higher which makes everyone feels safe to buy the dips, then one day there will be a big gap down and not looking back which will trap everyone. I've seen that before.
market has been hovering around 1405 for the past 8 trading days. Consolidating. . . is this a bullish or bearish?
any thoughts?
anyone in the forum have any thoughts reg: central bank action coming up in September or sooner? seems like the market is pricing in another round of QE, but that may not happen for another 6 weeks.