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Beautiful A day so far. Its amazing how these highs come in on such euphoric buying. The uptrend earlier looked relentless and now the downtrend looks relentless š
Plan your trade, trade your plan!
Dow did retest 23500 low zone and found support
in a intra day D/B.This could now rally into the close as part
of a final wave up.I am still long from 23500 as I dropped the
stop down for the retest.Never give up, never surrender.
IF and only IF that drop was a 3 way move then the 2nd move
would have a projection (minimum) Dow 24150 ā¦ Spx 2875Allowing for the 2nd move being larger than the 1st.
The 2nd move could target hatman’s important ‘test’.
But then we would need a 3rd move larger than the 2nd
which would result in a strong down move.All speculation atm.
Really needs a 650pt move up off Dow 23500 with a
good slice of that into US close tonight !Never give up, never surrender.
General Motors to start calling in workers in the US next Monday
to begin preparing factories to restart production.Never give up, never surrender.
INTELĀ AMC ?
If my old grey cells recall I think Captain used to say asĀ “INTEL” – PNDĀ or DND
PND – POP and DROPĀ or DROP and DROP
Good luck to usĀ all
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
INTEL AMC ? If my old grey cells recall I think Captain used to say as āINTELā ā PND or DND PND ā POP and DROP or DROP and DROP Good luck to us all
Indeed Zarif bhai, but not to be trusted in these times. That was during the bull. Lets see what happen in a bear. That is if we are even in a bear market š
Plan your trade, trade your plan!
In the 3 day Cycle system this is Dow Cycle Day 1
Often the boyz want to find a low to buy and
rally in Cycle Day 2I will hold my small Dow long overnight ,,, eek !
Never give up, never surrender.
Good luck Chris.
To me it looks bearish for tomorrow on the whole.
Happy to see my shorts from yesterday in nice profit now. May close on globex reopen if it makes new lows, otherwise happy to hold into tomrorow.
Plan your trade, trade your plan!
SPX daily:Ā the rally up to 2,840 was higher than I expected (2,790) and *might* be too high to now expect an overlap of 2,640.Ā It’s still possible (and the preferred option) but to get there it might need a sideways move first (perhaps a triangle as shown).
This abc upwards doesn’t *have to* overlap 2,640 – that is just a perfect chart expectation – it can just create a sideways B wave and then move higher.
So we’ve got two options, both of which have a high probability of being a sideways move (triangle perhaps) after which the market will decide if it wants to try for 3,000 and above, or go for a new low.
At the moment my ‘gut feel’ is that this market wants higher.
BRADLEY:Ā be aware of the Bradley chart for this year, which shows a surprisingly sharp upwards move commencing around April 25th.
As I’ve said many times, the Bradley is mostly a load of old nonsense, but sometimes it can be surprisingly accurate.Ā I suspect the times are accuracy are just luck, but one never knows…
In Credit Crunch I (2008) the central banks threw money
at the problem and our eyes popped.
Little did we realize that 12yrs on (Chinese Astro Cycle)
in Credit Crunch II (2020) the central banks efforts
would dwarf that.Anything is possible if you believe.
Even that central banks can buy up all the risk
and propel US stocks to new aths.I will bet that will happen but only using money
that will not affect my finances.
The money in my trading account plus an equal
amount in reserve, are marked down as lost at
the time of being committed to trading.Never give up, never surrender.
Early prelim data shows a move from bull to bear.
Friday Bull
Monday Bullish
Tuesday Bullish
Wednesday Bearish
Thursday BearI may have to adjust my trades at tonight’s US close.
Never give up, never surrender.
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