What a day for AMD… hope it would hold and bounce from the support, failing that the next would be 190, then 130…

Thanks Matt,

Very useful.

Matt,

In the current situation, would you buy SLV and wait for bounce (maybe corrective)?

First time to post here, am looking at the rising wedge and the slowing down momentum....

so the SPX is still a triagle?

it seems to me the financial and spx is flashing different signals to me.

financial is forming a rising wedge (but no divergence with momentum indicators), which implies the rally should be fully retraced, but  spx has another rally to go....

what you guys think?

if it is 1 of (5), then the market should make a new low... but if it is all (5), then 1100 should be taken....i dont know, but let's wait and see...

 this count might play out....

it's amazing, isn't it?

this is one of the possibilities i am looking for, what you guys think?

After I posted the charts, the market made a new low which makes it very good looking a small five-waves down. I closed all the short position while the new low was made, in this environment I feel protecting the profit is very important to me. Go long might be a good idea but should be very short term....

I am from Taiwan, work in Japan but in Indonesia for business now.

have fun everyone here....

hi there, my first time to post my opinion here.

The five-waves down looks completed although the market is still very weak. A bounce here is very possible, and the target should be around 1052-1067.

It is not very easy to trade US market from Asia, it's tired but fun...