Panda Master Wu has his public count up. Pretty standard for Elliott Wave. What he doesn't say is this is still an alternate count. Primary (up) isn't broken yet.
interesting, not just his name cool name, but that is my fair value market target of 18/19 forward PE with spx roundabouts 3400. Will soon see. Bulls need help real soon. Paging JP, he have pager on when fly fishing?
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It's the very first test of EMA20 in 2+ hours, could attract some sellers.
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BANK OF AMERICA:
Investors are turning increasingly bearish
Average cash balances among its survey respondents increased to 6.1% from 5.7%.... a level not seen since the initial aftermath of the September 11 terrorist attacks.... and well above the long-term average of 4.8%. https://markets.businessinsider.com/new ... els-2022-9
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:BANK OF AMERICA:
Investors are turning increasingly bearish
Average cash balances among its survey respondents increased to 6.1% from 5.7%.... a level not seen since the initial aftermath of the September 11 terrorist attacks.... and well above the long-term average of 4.8%. https://markets.businessinsider.com/new ... els-2022-9
Question is why would they be bulish ? During bear market cash is king even with inflation.
Al_Dente wrote:BANK OF AMERICA:
Investors are turning increasingly bearish
Average cash balances among its survey respondents increased to 6.1% from 5.7%.... a level not seen since the initial aftermath of the September 11 terrorist attacks.... and well above the long-term average of 4.8%. https://markets.businessinsider.com/new ... els-2022-9
Question is why would they be bulish ? During bear market cash is king even with inflation.
They are NOT bullish
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Yesterday i noticed an odd thing... the vix going up when the market rises strongly. Ive seen it before but couldnt remember when.....courtesy John Kicklighter
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[zh thinks this:] Nick Timiraos [WSJ reporter] is now the new FED MOUTHPIECE, at least until after the Fed's blackout period.
Nomura became the first bank to forecast an out of consensus 100bps rate hike during next week's FOMC meeting.
PROBABLY SHOULD READ THIS: https://www.zerohedge.com/markets/fed-m ... te-hike-47
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Longer term weekly chart that I am watching. The smaller red triangle eventually broke down. Larger green triangle needs a break of $430.20 or 387.18.
I had a similar, large triangle in $wtic in 2019 and it was amazing when it broke to the downside. It's hard to imagine big moves like this...but I think it's coming.
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“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
Sharing research and ideas only, this is not trading advice.
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
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