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Yes ‘K’ a revisit to yesterday’s ‘h’ would be handy.
I would settle for Dow 23500
and then short something
either Dow or Ftse futs.Closing the Ftse short at b/e (5700) was correct.
Never give up, never surrender.
Sadly that was a little retrace and buyers came in thick and fast.
Lets see where this little upleg leads.
Plan your trade, trade your plan!
We are in the window 17:00 – 19:00 I mentioned earlier.
.. fingers on triggers.
If nothing else I should be able to reset my Ftse short
at a better entry point.What a trying day this has been !
Never give up, never surrender.
SPX: I had a good target at 2,732 which got exceeded, suggesting the market wants higher.
I have two possible targets – the 2,795/2,810 area and then 2,900. I need to see if it wants one of these targets with an identifiable shape.
Of course something else can develop which cannot yet be identified.
http://www.timesymmetry.com/daily-comments.htm
I have just started reviewing some of my bookmarked free sites. Look at Tom Mahoney panic scale in the link above.
If you scroll down on the site and look at dates for Feb and March they are fairly accurate: A shame I did not pay much attention at the time!
14.2.20 spike: ( High) market close was close 3380 six was close to the high
21.2.20 spike : ( High) spx closed down at 3338 from a high of 3365 and then started to fall ++ the following few days -111, -97, -11, -137, -25
28.2.20 spike actually a ( Bottom) Market open 2968, lowest 2854 closed at 2990.
21.3.20 was a Saturday but Friday 20th March spx open 2366 , low 2270, H 2509, close 2280 on IG charts.
Then on Monday 23.3.20 ( Low) there was reversal day after a scary globex open Sunday where spx went to 2184 and closed the following day 2201 . we have rallied more or less since.
I am watching this up coming cluster carefully : 8th April, 9th , 11th and 14th .
Hoping it explodes higher and starts to reverse before or after the weekend for a swing short .
SPX: I had a good target at 2,732 which got exceeded, suggesting the market wants higher.
I have two possible targets – the 2,795/2,810 area and then 2,900. I need to see if it wants one of these targets with an identifiable shape.
Of course something else can develop which cannot yet be identified.
If this is a 4th wave, is it possible that we will not get a clean count ?
Never give up, never surrender.
So would love to see Hatmans 2800 or 2900.
Will see how things pan out day by day. Can’t see how people would want to hold long into a BH weekend although US is open on Monday.
Fresh from JEff tennant
MEJT ultimate buy signal. MEJT buy signal. If the move up is immediate it should be quite strong. Please remember the system gives targets but gives neither entries nor stops
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
Great stuff all.
To me it looks up, charts are saying up.
If this 6.30pm area is a high, then that can be negated.
Plan your trade, trade your plan!
Jeff also has an outstanding MEJT target of 2436.55 from 25th March.
No time limit so we could also go down from these levels.
SPX rising wedge possibility: I’ve mentioned several times the possibility of a B wave rising wedge thing for SPX. That option just about remains valid *IF* we can interpret the latest rise as a ‘three’. It just about measures as a,b, c=0.618. It’s a bit scrappy.
For the wedge to form, SPX has to drop to create an overlap at 2,640.
If the FMOC minutes don’t talk about more helicopter
money or are negative then the algo’s will sell it.Never give up, never surrender.
Jeff also has an outstanding MEJT target of 2436.55 from 25th March. No time limit so we could also go down from these levels.
Note that if the ‘rising wedge’ idea plays out, a subsequent correction usually targets ‘wave B’ which is just about at that 2,436 area.
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