pullback / correction yes market may be due for that soon, but
with the bullish configuration on the daily MA's, even the short
term ones, the the market won't be prone to a major crash, dips
should be bought. When the MA's flatten out, that's when you
get larger corrections, we don't have that now. See Summer
2015, the daily MA's had flattened out. Same with in Dec last year,
MA's had flattened out.
SPX 5 of 5?
Posted by california on 9th of Aug 2016 at 02:17 pm
could be in for a substantial correction
pullback / correction yes market
Posted by matt on 9th of Aug 2016 at 03:09 pm
pullback / correction yes market may be due for that soon, but with the bullish configuration on the daily MA's, even the short term ones, the the market won't be prone to a major crash, dips should be bought. When the MA's flatten out, that's when you get larger corrections, we don't have that now. See Summer 2015, the daily MA's had flattened out. Same with in Dec last year, MA's had flattened out.
if we close below yesterday's
Posted by california on 9th of Aug 2016 at 02:44 pm
if we close below yesterday's low, it will be an outside reversal bar
5 waves off the high....
Posted by california on 9th of Aug 2016 at 03:52 pm
5 waves off the high.... possible reversal
Correct me if I am
Posted by frtaylor on 9th of Aug 2016 at 08:03 pm
Correct me if I am wrong, but 5 off the top could also mean a flat of some kind.
Nice!
Posted by brophy on 9th of Aug 2016 at 06:42 pm
yes been tracking, the question
Posted by matt on 9th of Aug 2016 at 03:07 pm
yes been tracking, the question is, does the round number of 2200 get tagged first since it's so close, we'll see.. Keeping an eye on the divergence.
on trade ideas side, not a lot of great picks out there