Caution is most definitely warranted. This high we are carving out now technically could complete all of wave 4. I am projecting wave 5 of C of IV down to maybe as much as 3200. However, as of now I am counting this only as the "a" wave of IV so a retrace and a move higher is what I am anticipating, but the bulls must hold the target area on any retrace.
Best...
GDP, @ 8:30 AM EST.
Apple, Amazon, Intel, and Roku round out the Tech kink movers after
the NYSE Close.
Wild times ahead today.
3910 remains the LIS for the ES to head lower with a Gap @ 3922.
EPS has been an abject disaster - with grossly lowered EPS Estimates, Collapsing
NETs and large...
The Federal Reserve will suggest they projected a slowdown in Economic activity.
Effect Indicated, Effect Observed.
Solid work.
_______________________________________________________________________
Outside of the Matrix, the Depression slumbers on within the confines of Real Sentiment.
....The Deal Breaker.
"7" was misstated - "6" is the GDI hedonic, it's...
In this update we review the recent price action in the EminiS&P futures contract and identify the next high probability trading levels and price objectives to target
Time frame continuity with 15m, hourly, and daily. We're playing inside monthly and quarterly. For now, expecting a pullback to 390 to complete the broadening formation that started Friday. If it finds support there, a quick trip back up to 400 to re-test and print higher highs. If this structure breaks down quickly, expect a quick movement to the low side (green...
CME_MINI:ES1!
Possible Scenario: Long
Evidence: Price action, Dragonfly Doji Candlestick, RSI
TP: 4015 Filling the gap
www.investopedia.com
*This is my idea and could be wrong 100%
Prediction for Tuesday, July 26. The larger the buyer bracket we get on that lower support beam the greater chance of breaking up and out. If it's a quick single-bar bounce, watch for a quick drawdown.
Definitely, a mix of readings on all chart time frames today. Could swing either way tomorrow. Hopefully, we get a clear bearish/bullish breakout. Daily and weekly traders are up at bat to push SPY up and out of the inside bar. I'll be playing this one tight.
Having a connection in Toronto, have time to update.
Im short ES here from 82 and 87.5
We are right into the 61.8 retracement as well as the Maj trednline off 2009 lows (red line)
Min target is 3914 but should test lower into the 3900 zone next imo.
Ideally we test my 3875 zone and move back up for lower high or the ideal high to 4033-34 and even 4075-90
The week of heavy is ahead.
A Week where much will be determined, Momentum and Trend
...Trends that remain Bearish.
Patience, extreme Patience is a requirement.
VX will find direction into the Fall Classic, it will likely arrive early,
ahead of the usual Seasonal starts and fits which surround Labor Day.
Apple will set the stage for what comes next as will the...
The Greatest Bubble in History is unwinding with fits and starts.
Economic Conditions Globally - within the lower 3% Historically.
Multiples for Equities - within the Highest 4% Historically in very
Real Terms.
Monetary & Fiscal Excess - The Greatest in History, bar none.
100% Assured:
Reality is brought to bare with the Consumer who is being squeezed
like a...
