$SPX - Chart Link- despite intra day here on
the 5 min, the longer term 10 and 15 min charts have flag looks to
them that I could see taking out the Jan 18th highs out next
week
$SPX - Chart Link- 60 min view - a new high
would have divergence and a 5th wave. That 5 wave pattern
could be for the 'bulls' considered wave 1 of a new major uptrend
from the Dec 24th lows. However once the 5th wave
completes with divergence, I would expect a healthy abc type
pullback wave 2 that retraces 38 - 50% of wave 1. major swing
longs best to buy that pullback vs right there. New longs up here
on the market are trades at this point
Posted by sschwahlen on 26th of Jan 2019 at 03:38 am
Matt, could you please update the Paint Dry Systems (US,
Emerging, International) in the weekend newsletter? Is it possible
they go back long? Historically that would be a first time I
believe for the S&P500 (just 1 month out of the market)
but with things (aka central banks) going totally crazy...
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Posted by matt on 25th of Jan 2019 at 02:51 pm
$SPX - Chart Link- despite intra day here on the 5 min, the longer term 10 and 15 min charts have flag looks to them that I could see taking out the Jan 18th highs out next week
$SPX - Chart Link- 60 min view - a new high would have divergence and a 5th wave. That 5 wave pattern could be for the 'bulls' considered wave 1 of a new major uptrend from the Dec 24th lows. However once the 5th wave completes with divergence, I would expect a healthy abc type pullback wave 2 that retraces 38 - 50% of wave 1. major swing longs best to buy that pullback vs right there. New longs up here on the market are trades at this point
that's basically the scenario I'm
Posted by matt on 25th of Jan 2019 at 02:56 pm
that's basically the scenario I'm referring to
Matt, could you please update
Posted by sschwahlen on 26th of Jan 2019 at 03:38 am
Matt, could you please update the Paint Dry Systems (US, Emerging, International) in the weekend newsletter? Is it possible they go back long? Historically that would be a first time I believe for the S&P500 (just 1 month out of the market) but with things (aka central banks) going totally crazy...