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UPRO

BLINK AND YOU MISSED THE MOVEHey guys, so the FED came out today and said that they would raise the interest rate by .25. If you have been following me, I mention in my previous post that no matter what the FED does, the market should head higher. The red lines on my graph was to illustrate my previous post and as you can see i said that it should continue up, however I was expecting a pullback as seen on the red lines. The pullback did occur if you zoom in on the 5 minutes but it was very fast and shallow ( guess all those on the sidelines jumped in ). Enough of that and lets get down to business. On the technical side, hourly seen to be almost overbought, there a tiny bit of room that it could go up before some normal backing and filling... This is represented by the blue lines. I hope this plays out because I want to add to my long position. Anyway, my opinion is that any dips should be bought and we head higher. As always USE RISK MANAGEMENT WHEN TRADING THIS IS THE KEY TO WINNING IN THE MARKETS.
FX:SPX500Long
by sentimenttimingnewsletter
3
Sentiment Timing - DEC/4/2015 - THIS DROP WAS COMING The Sentiment on 12/2 was 93% Bullish. As I noted: “In general it is never a good idea to Buy on High Sentiment.” We have seen that every extreme cluster of Low Dorsey Sentiment have been ideal time to Buy zones. However, it is little recognized that “High Sentiment and Low sentiment are materially different in that they represent different aspects of the Emotional Market Brain.” The 5% Bullish on Thursday has been followed by 2% Bullish today after yesterdays’ dramatic declines. Stocks are trying to recover this morning and that may continue to some extent. However if the market remains relatively weak and there is low Sentiment on Monday, it could register a MEMBERS ONLY Negative Sentiment Cluster and fit with the profile for declines into MEMBERS ONLY time zone. However, given that the Price High and Key Reversal from the 93% is only, “ MEMBERS ONLY ,” the best profile resolution is for generic weakness to persist into MEMBERS ONLY . There is overt and obvious support down to the MEMBERS ONLY level. Thus it may yet turn out that this profiled hiccup is still just more Range Trading. The interesting idea that I provide is that there are short term profiles within the longer time frames that most investors are focused on and/or seduced by. There are high probabilities profiles that don’t require long winded cognitive rationales. I had surmised that the “Seasonals would NOT be typical this year.” After this downside surprise, there is due to be an MEMBERS ONLY and then perhaps another MEMBERS ONLY into year end. Let’s take it one trade at a time. I repeat: “Thus, this is not the time for Big Bets and Out-sized trading positions.” .Don't be on the wrong side!!!! click on the link below to see what Woody Dorsey has to say and if you want more information www.sentimenttiming.com
FX:SPX500Short
by sentimenttimingnewsletter
1
You Got a "Poison Arrow"EW bullish count update Notations on chart If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! Trade What U C @BLawrenceM Disclaimer: twitter.com (I'm long alrady) Follow me on Twitter for intraday updates and scalp plays. I do my updates there. It's a lot quicker and easier for me and you get the benefit of having the update by phone or tablet I hope to see you there too. Music at work: ABC Poison Arrow www.youtube.com open.spotify.com
FX:SPX500
by CoinedByCrypto
3
Take Care "Bears" Everywhere!Super Bearish EW count Nothing in life stays rosy...behind every tree are bears hiding from now on. With this count the top is in without any doubt. Could be 5 waves down ending wave 1 & a abc or harmonic language and ABCD - making wave 2 up. The count is speculative but sentiment for a drop is there Only time will tell.... But I'll have a look at it along the way. This count makes me intermediate bullish and longer term bearish. If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! TWUC @BLawrenceM Follow me on Twitter for intraday updates and scalp plays. I do my updates there. It's a lot quicker and easier for me and you get the benefit of having the update by phone or tablet I hope to see you there too Music at work: Royal Guardsmen: www.youtube.com
FX:SPX500Long
by CoinedByCrypto
16
"High Hopes" for the SP500Bullish Elliott Wave Count If the bottom is in and the parallel trend channel is valid. SP could make this 5 waves to Confluence Zone If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! TWUC @BLawrenceM Follow me on Twitter for intraday updates and scalp plays. I do my updates there. It's a lot quicker and easier for me and you get the benefit of having the update by phone or tablet I hope to see you there too Music at work: Pink Floyd www.youtube.com
FX:SPX500Long
by CoinedByCrypto
12
Possible Bearish CypherBearish Cypher Come with a chart later with SPX in focus with a reason why White line need to be recaptured If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! TWUC @BLawrenceM Follow me on Twitter for intraday updates and scalp plays. I do my updates there. It's a lot quicker and easier for me and you get the benefit of having the update by phone or tablet I hope to see you there too
AMEX:UPROLong
by CoinedByCrypto
2
"It's now or never" Last chance for a bullish outcomeBearish Butterfly Price have to stop here and go north from now on if this possible bearish butterfly is to become valid. No more no less. I will not play this pattern from it's start... need to see more bullish conviction. If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! TWUC @BLawrenceM Follow me on Twitter for intraday updates and scalp plays. I do my updates there. It's a lot quicker and easier for me and you get the benefit of having the update by phone or tablet I hope to see you there too Music at work: Elvis Presley: www.youtube.com
AMEX:UPRO
by CoinedByCrypto
1
Possible ABCD in SPE UPROABCD The 61.8 retrace of the move up from today's low is near.Could put in the possibility of and ABCD retrace b4 further up I'm waiting for a buy signal. Not given yet If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! TWUC @BLawrenceM Follow me on Twitter for intraday updates and scalp plays. I do my updates there. It's a lot quicker and easier for me and you get the benefit of having the update by phone or tablet I hope to see you there too
AMEX:UPROLong
by CoinedByCrypto
2
Looking for gap close in UPRO & SPXDouble Bottom I'm looking for a gap close after a double bottom. If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! TWUC @BLawrenceM Follow me on Twitter for intraday updates and scalp plays. I do my updates there. It's a lot quicker and easier for me and you get the benefit of having the update by phone or tablet I hope to see you there too
AMEX:UPROLong
by CoinedByCrypto
Possible ABCD in UPRO and SPXABCD I have bullish bias. See me chart i publish on my Twitter account If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! TWUC @BLawrenceM Follow me on Twitter for intraday updates and scalp plays. I do my updates there. It's a lot quicker and easier for me and you get the benefit of having the update by phone or tablet I hope to see you there too
AMEX:UPROLong
by CoinedByCrypto
2
A New "Cupid's Arrow"..... Broken Arrow Update 2Cupid just shot an Arrow New eyes on Broken Arrow. Count has ben lowered 1 degree. The Ending Diagonal looks more right and more harmonic on the weekly chart. See links below. You may ask... but...but what about. The Ending Diagonal allows a overthrow in the 5th wave. That is what we are seing. Why this "overthrow? Because bulls need to be convinced off clear blue sky is ahead and be willing to go all in on longs. Yes market is having a tug of war... but do not go short before we hear bulls exhale! Confluence zone speaks for itself! T.W.U.C (Trade What You See) @BLawrenceM Follow me on Twitter for intraday updates and scal plays...thx! Music at work: www.youtube.com open.spotify.com
FX:SPX500
by CoinedByCrypto
Broken Arrow Still "Young & Foolish". "Until June"' Is OverThis EW count is a bearish argument for the ED Broken Arrow first wave down This count also support my chart : One More Day But SP Still Looks MISERABLE At The End Of The Day showing a SHS in spe and the chart: Last Call B4 Broken Arrow. (See links below). I see the choppy moves are due to remaining bulls still buying the deep. Can't blame them - but playing with fire. This is a bearish conservative count... meaning that I believe that the SP will make a stop at the 200 sma. But I can also see a much more violent move down , but SP is in the early stages of the correction/crash so one thing at a time!! The SP could be making a 3rd wave down to touch 2040 and end up at SHS target around 2000. By then it will first be making the 5th wave low. Many options still on the table... so I stick with this one until price is giving more clues. On the 4 hour chart ma100& 200 are on the battlefield fighting is out....with ma100 still under ma200 Daily 100MA comes in right now at 2091ish Daily 200MA comes in right now at 2051ish (See notations on chart for the epic battle of the 100 & 200 daily SMA.) T.W.U.C @BLawrenceM. Follow me on Twitter for intraday updates and scalp plays.. Music at work: www.youtube.com open.spotify.com
FX:SPX500Short
by CoinedByCrypto
17