09/05/2015 Weekend Update

[uempel]

Source:
Ryan Detrick, CMT ‏@RyanDetrick Sep 3
Investors Intelligence bears plus correction up to 72.2%. Most since week of March '09 lows. $SPY

Nice chart, thanks. Looks like the high on your chart points to the November 2008 low (SPX 740ish) which was followed by a strong rebound (up 25%) before the market collapsed down to SPX 666 in March 2009.

[BullBear52x]

Interest rate and Fed Blah blah blah

Lets look at TLT from it is what it is department, simple little piggy brain view.

Long term TLT is what I called a bullish push, see CCI 144 now and then.

Zoooooooooomed in, Last sell is now become a support, this is my long term entry level using RSI as a guide for entry point as usual. ( yes, very complicate stuff )

On the Mid term swing, TLT is on a sell the rips spot, first thing first, sell first ask question later, if this sell failed, screaming buy it is.....Happy labor day to all, include traders. Peace!

[tsf]

Thanks for your frequent market views, uempel !

[tsf]

Source:
Cam Hui, CFA ‏@HumbleStudent Sep 6, 2015
Why this is not the start of a bear market (but watch out for the re-test of the lows)

[fehro]

Source:
Ryan Detrick, CMT ‏@RyanDetrick Sep 3
Investors Intelligence bears plus correction up to 72.2%. Most since week of March '09 lows. $SPY

Yes, but seems lately several data points that have been tagged, never seen before in the history of the market... so maybe Investors Intelligence is next.. fwiw. Oct 2014 lows key near term support.

[fehro]

SPX long term, still looking for an undercut of the 2014 Oct lows, then a possible bounce .. if it makes it 200d/50d (Dec 2015) ... then "IF" it fails.. looking for 2007 highs 1575. (Mar 2016) = ABC correction in larger time bullish market outlook.

Worst case, we stall/fail near here in the next couple weeks and cut much deeper than Oct 2014 lows - Pink H&S on the Weekly first chart below on the left. fwiw.

[tsf]

.
Thanks for the additional info, fehro
On a separate note, some Tweeters are guessing that we may rally to FOMC, then back down again

[daytradingES]

I have the feeling this market is going break very hard and soon