As i watch the futures move up I can't help but connect the
dots. Steve's big wedge looks like the plan. Market
could continue a jittery bounce here all the way up to the top of
the wedge's trendline which almost coincides with a triple top and
might take a week or two to play out and would likely flip some
indicators. Meanwhile precious metals would sink (cycle on
longer terms). Then we tank through the floor HARD with some
Tarrif news (like 25% instead of 10%...that should be enough) and
metals get back into business making new highs. If this
plays out, Christmas will be coming early ! Wishful thinking,
let's C.
As I watch the futures move up I can't help ... Matt/Steve
- DO NOT READ THIS POST. haha-really don't read past next
sentence. Point is I'd love for you to keep doing what you do
(
best technical analysis on the planet) without
being effected
in any way by my post. My analysis is deep and
logical (See Original Post) . All logical signals say we
should go higher and let metals sink (but not DBA ??). I'm
curious to know if anyone thinks DBA/Ags can rally here (2
week time frame) ? Market has us at the zero line technical
analysis wise but also has us on our toes from a bad news
position... Contrarian view is the market must rally(Let's
get the SPY system closed). Let's get back to 2970.
Turn around Tuesday makes perfect sense especially with a
push higher Monday followed by fear of what will they say Wednesday
(continued elevated VIX and GLD). What do u think Powell will
say ? He will signal I'll bend over backwards and do what is
necessary (= Rally On)... Then maybe we'll cool down (I'm always
ahead of the program it seems). Then and if we rally ..
along comes the 9/1 Tariff and Trump says 25 vs 10% - what happens
(see Steve's Trump Signals cycle chart) -er we tank? Then we
close out perhaps one of the worst Septembers ever (Where are my
emojis !) . . Followed by rate cut crack when Fed is
forced to cut big (or some new rules that'll never happen in time)
... leads to a big year end and longer rally which Trump Dog needs
to be re-elected. Once he's elected many may think he's
trying to leave a legacy for his kids to come into power but I
think irrespective we ARE headed into a recession and i'm
looking forward to Trump's explanation for how this is not a
recession. Also easy to manipulate (another tax cut too?)
rally irrespective of Fed. I treasure the boys, this site,
and would love to hear BPT community feedback (including 'this is a
techanical analysis site so STFU with your Deep logic!').
Let's unite on rally to 2970 and all make a shit pile of
money! or we could just drop through the floor in
the morning... but that's a whole another post (not). -
Deep
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As i watch the futures
Posted by deep on 15th of Aug 2019 at 03:10 am
As i watch the futures move up I can't help but connect the dots. Steve's big wedge looks like the plan. Market could continue a jittery bounce here all the way up to the top of the wedge's trendline which almost coincides with a triple top and might take a week or two to play out and would likely flip some indicators. Meanwhile precious metals would sink (cycle on longer terms). Then we tank through the floor HARD with some Tarrif news (like 25% instead of 10%...that should be enough) and metals get back into business making new highs. If this plays out, Christmas will be coming early ! Wishful thinking, let's C.
mmmm hmmm ...
Posted by deep on 15th of Aug 2019 at 04:31 pm
mmmm hmmm ...
As I watch the futures
Posted by deep on 19th of Aug 2019 at 01:34 am
As I watch the futures move up I can't help ... Matt/Steve - DO NOT READ THIS POST. haha-really don't read past next sentence. Point is I'd love for you to keep doing what you do ( best technical analysis on the planet) without being effected in any way by my post. My analysis is deep and logical (See Original Post) . All logical signals say we should go higher and let metals sink (but not DBA ??). I'm curious to know if anyone thinks DBA/Ags can rally here (2 week time frame) ? Market has us at the zero line technical analysis wise but also has us on our toes from a bad news position... Contrarian view is the market must rally(Let's get the SPY system closed). Let's get back to 2970. Turn around Tuesday makes perfect sense especially with a push higher Monday followed by fear of what will they say Wednesday (continued elevated VIX and GLD). What do u think Powell will say ? He will signal I'll bend over backwards and do what is necessary (= Rally On)... Then maybe we'll cool down (I'm always ahead of the program it seems). Then and if we rally .. along comes the 9/1 Tariff and Trump says 25 vs 10% - what happens (see Steve's Trump Signals cycle chart) -er we tank? Then we close out perhaps one of the worst Septembers ever (Where are my emojis !) . . Followed by rate cut crack when Fed is forced to cut big (or some new rules that'll never happen in time) ... leads to a big year end and longer rally which Trump Dog needs to be re-elected. Once he's elected many may think he's trying to leave a legacy for his kids to come into power but I think irrespective we ARE headed into a recession and i'm looking forward to Trump's explanation for how this is not a recession. Also easy to manipulate (another tax cut too?) rally irrespective of Fed. I treasure the boys, this site, and would love to hear BPT community feedback (including 'this is a techanical analysis site so STFU with your Deep logic!'). Let's unite on rally to 2970 and all make a shit pile of money! or we could just drop through the floor in the morning... but that's a whole another post (not). - Deep