luisella

luisella

Breadth momentum turned positive again for last 5th wave Up. Russell 2000 show "Risk On". SPX destination may be 2780 to 2798 for now.

luisella Updated 

From "the ELLIOTT WAVE lives on": Now all the market has to do is get back to $SPX 2739 and for the $INDU to stay above its 200d SMA, then we have a quantified impulse wave up since December, and a new bull-market may be on its way. There is a 80% chance it may be so!!

luisella

Will we get more downside to 2656 or is this short pullback it? Breadth turned negative for now. Still expecting a move to cross above the 200d SMA before we can say the Dec 2018 uptrend is done.

luisella

The market appears to be stalling. Negative divergence hourly, and daily. Expect a 30 point+ pullback, then uptrend continuation to well above its 200 day SMA. Its normal to see the 200 SMA act as temporary resistance before it also cross above the 200 SMA as the DOW did recently. Lets see.

luisella

This uptrend is good for our long dated positions. Yet, I don't trust an embedded creeping market! It creeps up to confuse and frustrate shorts. It creeps up slowly to play for time so that our existing hedges (protection) run out of time! Will it creep through 200 day SMA? Will it pull back first? At this point we just have to wait and see.

luisella

On 2-Feb-19 - I wrote: "S&P 500 Index - May follow the DOW above its 200 day SMA", I now have my doubts! This is as good as it gets for a wave-4 back down to around SPX2552 to SPX2507 before wave-v kicks in to new highs.

luisella

The DOW closed above its 200 day SMA on Friday 1-Feb-19. Will the SPX follow the DOW up? If so, then it can rise another 1.29%.

luisella

Look above 200 day SMA and fail? Just a guess for now. Don't act premature. Market Breadth remain positive. However, if we dare predict, then, expect a look above 200 day SMA and fail. If so, next test of the Dec-18 lows may be steep down to around 2429. Not expecting lower lows any more.

luisella Updated 

Uptrend to continue into early Feb? Look above 200 day SMA and fail as it did in Oct, Nov and Dec 2019? Lets see.

luisella

S&P 500 Index may close higher by month-end. However, the third wave up may fall short of its 200 day SMA this month. If we do close higher this month, then, wave iv should start somewhere in first week of Feb-2019. Lets see.

luisella

Most are short from what I read and see. More upside into month-end.

luisella

SPX to continue its uptrend and climax into month-end.

luisella

The current decline sets up a potential drop to SPX 2604. This would give the SPX a potential 4th wave as long as it rallies to 2675 afterwards.

luisella

Low risk short entry. Never trade without a stop in place.

luisella

This is why you need to be cautious and place a stop at $10.72: Teucrium Wheat Fund (WEAT) Unlike many commodity ETFs, this product doesn’t just cycle into the next month as expiration approaches. It rather utilizes a much more in-depth approach. The product uses three futures contracts for wheat, all of which are traded on the CBOT Futures Exchange. The three...

luisella

Price may find support, I bought again, and placed stop at wave 2's low.

luisella

Bought Yesterday.

luisella

Bought Yesterday.