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BOE at lunchtime.
Market sold off and will most likely drift up into the event.
Complete coin toss what will be announced let alone how the
market will react.Never give up, never surrender.
13:30 Loads of US data.
Then other data and Fed speak spread through US session.
Never give up, never surrender.
Is the correction over ? The way things look i believe if we do not start drooping by end of August the new bull market has already began
I find myself at a tricky xroads.
My trading profits for 2020 still stand at +20%
For the first time in 2020 my unique Timing & BullBear projects
both indicate a bullish bias for next week.If we do not see a bullish bias for next week then I will
have to go back to the drawing board !As you kpaders will know by now Cimac is not afraid to admit to failure 😉
Never give up, never surrender.
cimac i hope your systems crash and burn and we have a bear week lol
Actually i hope it works so we have a reliable signal for the future.
If i remember correctly August is the month that statistically you can see drops during the summer.
SPX: I’ve mentioned many times the possibility of a C wave rising wedge. Looking at the daily chart again I really can’t see any alternative to that view. Yes, something else can happen, but for the moment I see the 3,400/3,500 area as a target.
The moving averages are all positive.
The RSI is positive.
For the MACD, one would expect to get divergence as the wedge rises – and that certainly looks possible.
In the shorter term I see the possibility of a rise to around 3,335 to complete an abc up for wave ‘c’ of the rising wedge.
Yes, something else can happen, but this is my view at the moment.
Timings indicate early weakness and late strength on each day
for MTWT and then Friday a trend to more bearish price action.Ups and downs this week are not a good sign for the US markets.
Never give up, never surrender.
I find myself at a tricky xroads.
My trading profits for 2020 still stand at +20%
For the first time in 2020 my unique Timing & BullBear projects
both indicate a bullish bias for next week.If we do not see a bullish bias for next week then I will
have to go back to the drawing board !As you kpaders will know by now Cimac is not afraid to admit to failure 😉
Good start and worth a trade from friday when it looked
kind of negative and many thought it was so.I am taking my 20% profit for 2020.
I will try and enhance my BullBear and Timing projects.Never give up, never surrender.
Monday 27th July is rated as ‘D’
Indicates this week is going to make a ‘h’ of sorts.
Never give up, never surrender.
when you have goods new like EU financial package EU will approve first vaccine in 2020 etc and dax loses most of the days rally this is when bear have a change.
“So what does DeMark think will happen next? According to Bloomberg, the famous technician sees the rally accelerating from here, and according to his D-Wave forecast the S&P will climb to 3,486 – a new all time high – in the next few weeks as the rally that has gripped the tech sector spills over to the broader market. As a reminder, since the end of Q1, all of the market upside has been thanks to just 10 mega-cap stocks. The other 490 stocks in the S&P500 have gone nowhere.”
“The catch-up will be fast,” DeMark told Bloomberg, adding that “it’s going to catch people off guard”.
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