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To recap from last week we had some odd STD timings
on the Dow and it is possible monday is S4H.
That would make another gap up very likely and it
may be the inter ‘h’ we are looking for.Small short Dow at 27000 … stop 29500 … limit 20250 ( x 2 )
That is my position and I would add when and only
when we are more sure of that ‘h’.This market will not make profits easy but I am
very happy to play my hand.Never give up, never surrender.
British Summer Time has ended we are now GMT.
US Daylight Saving Time ends on 3rd November.
Never give up, never surrender.
No ‘pop up’ in the futures so far here in the Far East.
My target/resistance/trendline areas for a potential reversal are:
Dow: 27,030/50
SPX: 3025/30
DJT: 10,865
Interesting that the futures have spent all day in a very narrow range. The Dow seems to be trying to edge upwards slightly, but SPX has remained in the target 3025/3030 area.
New Moon today.
Lunar followers expect a ‘h’ of sorts in a +/- 2 day window.
Never give up, never surrender.
US futures did spike to Dow 27041 spx 3030 at euroland cash open.
US cash may follow that move later.
Never give up, never surrender.
No ‘pop up’ in the futures so far here in the Far East. My target/resistance/trendline areas for a potential reversal are: Dow: 27,030/50 SPX: 3025/30 DJT: 10,865
Currently all futures are trading above my key reversal levels. I don’t have any positions and I’m happy to stand aside to see what happens next.
Dow *might* want the 27,440 area.
Edit: MSFT currently up 2.6% in pre market
Small short Dow at 27100 … stop 28250 … limit 26100
Small short Dow at 27100 … stop 28250 … limit 25100
Small short Dow at 27100 … stop 28250 … limit 24100
Small short Dow at 27100 … stop 28250 … limit 23100My last attempt !
Well not quite as I have another at 27400 / 27500
which I would rather not use.Never give up, never surrender.
I have a timing beacon at 14:47-14:50 gmt.
If that is a low tick I will close all positions.
I do not want to follow this analysis but will !
Never give up, never surrender.
I have a timing beacon at 14:47-14:50 gmt.
If that is a low tick I will close all positions.
I do not want to follow this analysis but will !
By the time I traded it got me out for a tiny loss but
that may or may not seem so good in an hour or so.Never give up, never surrender.
Small short Dow at 27050 … stop 29000 … limit 17500 ( x 2 )
Drop guard whilst this market decides.
FMOC on wednesday.
Never give up, never surrender.
Small short Dow at 27100 … stop 29000 … limit 17500 ( x 2 )
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In addition to
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Small short Dow at 27050 … stop 29000 … limit 17500 ( x 2 )
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I have spent far too much time working out positions so
time to let these ride and get on with other tasks.Never give up, never surrender.
Im in short now myself at 3039 es,very wary of a blow off top however.lets see if any selling pressure can build after the monday”disney” rally is over.good luck cim,hatman et al
SPX: in this chart I guessed that SPX would complete a C=0.618 to the 3025/3030 area. Last night was a decisive blast upwards through that target.
If the chart idea is basically correct, then the alternative option is C=A which gives a target of 3100/3010.
The first move upwards to 2990 or so calculates very close to 0.382 of this higher target, suggesting it was ‘wave 1’. If so we are now in wave 3 which might produce a surprisingly strong move to the 3080 area.
DOW: on this Dow chart I’m showing again the potential upwards triangle formation that can be a ‘leading diagonal’ or wave ‘C’ of an ABC (abc shown).
They key here is/was the smaller descending trendline (touched four times) that indicated resistance in the 27,025/50 area. That trendline got blown away by last night’s action (not shown) and suggests the market wants to touch the upper rising trendline somewhere in the 27,550 area.
This of course is a guess, but it matches the strength being displayed by SPX.
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