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“All financial and commodity markets are vulnerable to major reversals shortly as Mars will turn
retrograde on September 9 and Jupiter will turn direct on September 12. Even before then, Venus
(values, money) will be in opposition to Jupiter, Pluto, and Saturn August 25-September 2, and forming
a T-square with Mars on September 4. These are geocosmic reversal signatures, and the entire time
between now and mid-September can witness cyclical highs or lows from which reversals unfold. But
after that, one of the most powerful geocosmic time bands of the year takes place, September 28-
October 19, when Mars is retrograde in its ruling sign of Aries and makes a square to the Capricorn
stellium of Saturn, Pluto, and Jupiter. This portends a major shift in world matters, whether in politics,
the economy, or nature. And financial markets are likely to react to that shift by exhibiting major
reversals of trends.”So far this week my day trades have been positive.
I think it may be because both bulls and bears are worried.
Never give up, never surrender.
Small short Dow at 28315 … stop 29400 … limit 23500
I think US markets will rally from last week’s lows but I do hope
to catch a few pts with this trade when Dow cash opens tuesday.Never give up, never surrender.
GBPUSD: the Pound appears to be trying for a ‘five up’ against the Dollar.
We got wave 1 up from 1.14 to 1.265 followed by wave 2.
Now we appear to be in wave 3 and have just completed wave 3 of 3 at 1.618.
If so, there should now be a small sideways 4th wave eventually leading to a clean wave 3 peak in the 1.407 area. This small 4th is likely to be ‘flat and long’ in order for the MACD to show a highest point at wave 3 of 3.
Clearly this five wave pattern isn’t guaranteed. The rise from 1.14 can also be a three but the proportions and ratios don’t look right.
It’s tempting to go long here for a rise to 1.407, but that is a higher risk trade.
The trade with the greatest certainty and very high reward/risk is to wait to see if the 5th of 3 does indeed produce a rise to 1.407. At 1.407 there is a VERY HIGH PROBABILITY of a 4th wave return to the 1.34 area giving 600 to 700 points of potential return on the short side.
NASDAQ COMP: I’m still staying with my ‘final five up’ sequence as that is the only logical count I can see. Clearly the big drop last week brings that count into question, but 4th wave triangles do often start with a sharp move down followed by sideways action.
So I’m guessing that this is the start of wave 4 which will be a sideways triangle.
Frankly I think the big drop is really at the limit of what one might reasonably expect in the start of a 4th wave, and any further new lows will probably negate that idea.
Notice that every correction since the virus low has bounced from the RSI 50. On Friday we got a massive hammer reversal which kept the RSI at 50 again.
COMP: if the triangle idea is to be valid, COMP has got to stage a strong rally to complete wave ‘B’.
At the moment I’m calling a three wave decline followed by the hammer reversal which is likely wave ‘a’ of the next abc to form ‘B’.
For the triangle to be valid this wave ‘B’ really needs to be quite strong and touch the 11,800/900 area. If that doesn’t happen then the triangle idea is likely wrong.
Cheers hatman
Looks like I will get a few pts from my Dow short
and then I will watch and wait.Never give up, never surrender.
From EUR:GBP at 0.90 both 0.95 and 0.85 are in swing range.
EcB this week plus Brexit news on tap.
Never give up, never surrender.
Small short Dax at 13450 … stop 14000 … limit 8800
Closed at 13000
The chart still looks good for a short.
Small short Dax at 13140 … stop 14000 … limit 8800
Never give up, never surrender.
Closed Dax at 13070
Closed Dow at 28285
A few more pts in the bag.
I want to see where US stocks open in cash today.
Never give up, never surrender.
From EUR:GBP at 0.90 both 0.95 and 0.85 are in swing range.
EcB this week plus Brexit news on tap.
Seasonal trends used to be eur:gbp ‘h’ September and ‘l’ March.
I think this was based on tourism … exchange rates.
English visit France in spring / summer
French visit England in autumn / winter.Never give up, never surrender.
Euroland S3H monday.
Looks right with spill up then S4L today.
US futures have been on a large range today.
US cash should be fun.
Never give up, never surrender.
Euroland futures up and cash sells off.
US futures will start cash in a sold off state.
I guess we need the first hour of US cash to see where we are.
Also US cash comes back after a holiday.
Never give up, never surrender.
Euroland futures up and cash sells off.
US futures will start cash in a sold off state.
I guess we need the first hour of US cash to see where we are.
Also US cash comes back after a holiday.
US futures get ready to hand over to cash at their low point
which may have been powered by margin calls for the bulls.Cash will often hit futures price so NAS may rally to 11500
or it may not … over to robinhood 😉Never give up, never surrender.
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