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SPX: on the daily, the RSI remains above 50 and the MACD has now crossed above the zero line. If this is a B wave rally, now is about the time for a reversal downwards. However the ‘count’ doesn’t support that view at the moment.
If this is a bullish ‘fives’ the target from ‘wave 1’ is around 3,351 which will fill the gap near the ATH.
To negate the ‘fives count’ this market will need a significant reversal, which doesn’t look likely at the moment (but of course anything can happen).
Dow futures well into my 24000 – 25000 projection window.
Up tick OE.
I was beginning to doubt my analysis.
Never give up, never surrender.
AMZN: not every stock has crashed this past month. AMZN is up from 1,600 to 2,400 an astonishing gain of 50%. It *looks* like a blow-off 5th wave not yet complete.
AMZN: not every stock has crashed this past month. AMZN is up from 1,600 to 2,400 an astonishing gain of 50%. It *looks* like a blow-off 5th wave not yet complete.
Thanks , looking like a blow of like Tesla not quite parabolic in shape.
I read Jim Mellon quote that once this crisis is over there may be more taxes for the like of Amazon
Mellon on the Markets: “the best single trade I can think of”
Good morning cimac and all
Happy friday OR Fryyday CROOKSDAY
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
Traders waking up in euroland to the US futures rally
will be adjusting their positions. Like a game of
poker for some, stick or bust.Never give up, never surrender.
Traders waking up in euroland to the US futures rally
will be adjusting their positions. Like a game of
poker for some, stick or bust.Should have said Blackjack but all you casino high rollers knew that 😉
Never give up, never surrender.
Good morning all.felt that move was coming last night.feel sure we’re in the zone now for a top.one more break above 2900 should seal it for me.will add short somewhere around 2910ish if it allows me.sentiment is shifting.time to pull the rug.
Good morning all,
The news after hours was threefold.
Gilead … They say their drug has promising results
Boeing … They say they will reopen their factory with social distancing
Apple … Tim Cook says they should recover quickly after its over.
That’s it! Yep thats all it took to rally this like nuts (after the market closed!).
To me its all fine. Its all part of the “Happy phase”. They started taking it down. Pulled in loads of shorts who then were now convinced it’s going down, and then shot it back up after hours. Shorters get killed and then it can go down.
However no way am I saying that it will be straight down or a gap fill today I will continue to play how I do and watch it intraday for clues to direction (but already having a rough idea of what I want to see)..
Plan your trade, trade your plan!
Today and monday are likely to be an OE and afters bun fight.
My bull / bear indicator has next week bullish tue wed thu
Never give up, never surrender.
Ah man, I would so love SYSTEM GFS to trigger today. Can’t see it, but always keep an open mind.
Plan your trade, trade your plan!
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