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Autumn has arrived.
It will include US elections and the UK budget.
Never give up, never surrender.
Tuesday 1st Sept is S1 and should be L as US stocks were S4H on monday.
Never give up, never surrender.
Over the weekend I was looking at stats which indicate
that the Spx shorts were the lowest for 16 years !Markets do not allow the majority to profit.
Never give up, never surrender.
Yesterday was the AAPL and TSLA stock split. Both were strong, but TSLA shot upwards 15% and is now trading at the equivalent of $25. Madness. But until this madness ends we are not going to get a market correction.
SPX target was 3,516. It hit 3,514 on STD 4. Now we wait to see if that was the top.
Today is STD 1 so all eyes on the market.
GBP:USD has entered into the 1.34 – 1.35 zone of interest to me.
Never give up, never surrender.
Small short Dow at 28500 … stop 29500 … limit 24500
Never give up, never surrender.
Interesting shape to Dow STD but I think a late ‘l’
or a spill down wednesday will confirm S1LNever give up, never surrender.
Dow futures hit 28810 in the early hours of monday
and fell over 500pts into the cash open on tuesday.Interesting to see if cash wants that futures ‘h’
and what happens after.Never give up, never surrender.
Dow futures hit 28810 in the early hours of monday
and fell over 500pts into the cash open on tuesday.Interesting to see if cash wants that futures ‘h’
and what happens after.I hope the wheels fall off this wagon and we can
start to map out the likely 2021 low 😉Never give up, never surrender.
is it too late to buy everything lol
parabolic move on SPX following the parabolic move of Nasdaq is DOW next ?
Stand back and wonder re US stocks !
All my US shorts were stopped out but I did tighten them a lot.
Never give up, never surrender.
Small short Dax at 13336 … stop 14000 … limit 8750
Let’s see if euroland follows US lead on thursday.
Never give up, never surrender.
SPX blew through my first target at 3,516 and then immediately pushed above my next higher target at 3,545. Unfortunately I no longer have any valid or logical counts for these markets.
I believe today is STD 3 and Friday STD 4, so I have to assume the trend will continue over the next two days.
Then we get the holiday weekend which *might* cause the speculators to rethink. Also the beginning of new month new money panic buying might subside by then.
Full moon got the lunatics dancing !
Never give up, never surrender.
SPX: scratching my head, but the only thing I can see is to move my ‘wave i’ higher for the first five (see chart). That means we are in a third wave, and the strength of the action certainly feels third wavish.
If so (and it’s a guess) wave iii has a target somewhere around 3,653.
Between now and then we need a small (ivth) followed by a (5th). Seems the small ivth might happen somewhere around 3,608 (give or take, but certainly somewhere in the 3,608 to 3,653 area).
If this is a large ABC rally (likely) then we really need it confirmed by divergence in the MACD. so something has got to happen pretty soon in order the keep the MACD divergence alive. A series of sideways 4ths and 5ths could achieve that.
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