I will post my notes in the morning--November 27th has been the turn date identified in early November. The bulls like to try and hold things up, until they can't. Gaps will get filled during this bearish time period.
Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, The SPX is going to gap higher again this morning (Shocker) and if they stay where they are at the open, the spx will be some 55 points off the lows with 51 of those points coming without a cash trade. It may sound like you have read this sentence before and that is because you have-with...
Hi Everyone, I put this out yesterday to our free email list..sorry for the delay. Be sure to check out the free video report in the link below, What a wild ride last week was for the stock market! Both sides have been forced into overdrive to sell their views on main stream media. Our turn dates and sentiment data has kept us from having to listen to the...
Morning Notes 08/14/19-Gary Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Sentiment Update from Woody: "Sentiment cam in today at 90% bullish after the big news yesterday but as we see nothing has really changed. There are still profiles for lower but the most important message may be just pure volatility both ways." Yesterday is...
Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Futures are some more selling pressure this morning, BUT from a technical view, it looks more like a consolidation pattern on the /es instead of a breakdown. The pattern is a text book bull flag which is suggesting we still may see higher before lower. If that pattern fails, it would make...
Morning Notes 08/05/19-Gary Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, The futures are under some serious selling pressure, which was expected once a top was in place. We have seen this movie before and as frustrating as it is when patterns, dates and expectation of market direction don't follow the preferred road map set forth,...
Morning Notes 08/02/19-Gary Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, To say we have an officiant market is just crazy talk. Computers are trading against computers and retail traders get whip sawed and caught in (Spx) 40 point moves up/down in minutes, NOT HOURS! Algos are programmed to look for key words which will trigger a...
Morning Notes 07/30/19-Gary Dean Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Futures are down this morning and the bearish wedge was triggered. The target for the pattern is right around the 2985-ish, which also matches up with the 23% retracement line. It is already trading below the 200 dma on the 60 minute charts and that is...
Morning Notes 07/29/19-Gary Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Futures are pretty flat this morning as we head into "how much will the Fed cut rates" week. There is yet another bearish wedge pattern now on the /es. It is smaller than the pattern I have been showing on the daily SPX charts, but it is a clear pattern with...
Morning Notes 07/24/19-Gary Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Futures are down some this morning, but try to bounce off of the now crossing up 50/200 dma on the hourly chart. Momentum is quite overbought and rolling over, so the bears have some gas in the tank if they wish to try lower. The fact that the bulls fails to...
Morning Notes 07/22/19-Gary Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Futures are up some this morning, but right at a pivotal point here. The /es has to get above the 50/200 ma's which have crossed to the downside (2989/2994) The crossing of the averages is your basic technical analysis, but I use it to learn more about what...
Morning Notes 07/18/19-Gary Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, (Sorry for the lack of posts and delay in these morning notes. I have been extremely busy and actually taking some days off) Futures have been bouncing around all morning. Buyers did step in at the 50% Fib line and technicals are oversold on the 60 minute...
As you can see on the chart (Lighten bolts) we are in a fractal short term topping pattern-which COULD turn into something more, as we have an important weakness period approaching. The last one was ignored, but as we explain to members, even though it was ignored by the market (Fed) it doesn't change the dynamics of the overall structure of weakness into the next...
Dorsey on Ether: 7/8/2019 This was sent out to members yesterday. We are going to be diversifying our reports and adding certain sectors/etf instead of just covering the SPX. We did our first one yesterday and the timing was perfect, as etcg was trading at 21.10 when it was sent and hit a high of 23.70 or an 18% gain in 1 day. Not BAD!! From Woody Dorsey: I...
Take a look at our free Market Timing Report-below in the profile section. Morning Notes 07/09/19-Gary Trading Environment-Short Term: Current Environment-Bearish (There is a pattern target pointing towards the 2800-2625 area-let's watch and see if it plays out) Hi Everyone, Futures are down some this morning, but approaching some support. From...
Morning Notes 07/08/19- Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Take a look at our free Market Timing Report-below in the profile section. Futures are down some this morning, but nothing crazy. The /es is trading below the 50-dma on the hourly chart, but above the 200-dma. There also bearish divergences in place as well as...
I have been following this POTENTIAL fractal pattern on the vix and one of the reasons in my post a couple of nights ago, led with "What is the vix telling us"? Fractal pattern do not follow exactly, but mimic a pattern in the past. I labeled what I am looking at and so far, it has followed the script. I am NOT 100% sure it will this time, but the pattern is very...
The SPX is at an important pivot point sitting at 2910. If they lose that, we could see sub 2900 quickly. I put together a free video report which goes over some extreme divergences amongst the indexes. You can see that in the link below in my profile (Free Video Report 06/26/19) Many are looking for an additional 600 points higher on the spx, comparing this to...