Posted by SaharaCharts on 9th of Jan 2020 at 04:14 am
$SPX -
1) - 'Broadening' Plot Update...Nearing the uppr-line with
perhaps a few more squiggles...
2) - If it pushes past the 2.618 Fib Ext'n which it is trying to
do now then I will need to re-evaluate this Bear Count...
3) - Mrkt/Hrs Chart has it in a 'Right Angled Ascending
Broadening' formation, which has sufficient touches to be
considered complete, tho they can extend...
I have been accumulating short positions in SPY and RUT
yesterday and this am. The Dumb money is all in. Mutual
funds are at 2% cash levels (lowest since 1999).
Where do you get the $80 Billion data from? That is just
nuts. The fed is creating a ferocious bubble and fostering
recklessness -that will end badly as they all do. "Jango".
I love how it says "might need until April". My question
why do they need to provide massive amounts of liquidity in the
repo markets? And why April? Something smells really
bad.
Posted by SaharaCharts on 9th of Jan 2020 at 09:14 am
Interesting Elliot - IWM is lagging as Matt has pointed out, and
while there is a Bear 'Wedge' it is within a 'Broadening' Plot too
so has pot'l to move up to 170 say...
$SPX - 1) - 'Broadening' Plot
Posted by SaharaCharts on 9th of Jan 2020 at 04:14 am
$SPX -
1) - 'Broadening' Plot Update...Nearing the uppr-line with perhaps a few more squiggles...
2) - If it pushes past the 2.618 Fib Ext'n which it is trying to do now then I will need to re-evaluate this Bear Count...
3) - Mrkt/Hrs Chart has it in a 'Right Angled Ascending Broadening' formation, which has sufficient touches to be considered complete, tho they can extend...
4) - And the Channel...
Good work as always.
Posted by ssaffer on 9th of Jan 2020 at 09:26 am
Good work as always.
Cheers ssaffer....
Posted by SaharaCharts on 9th of Jan 2020 at 09:39 am
Cheers ssaffer....
I have been accumulating short
Posted by ssaffer on 9th of Jan 2020 at 09:42 am
I have been accumulating short positions in SPY and RUT yesterday and this am. The Dumb money is all in. Mutual funds are at 2% cash levels (lowest since 1999).
Go careful ssafer - It
Posted by SaharaCharts on 9th of Jan 2020 at 10:27 am
Go careful ssafer - It could extend still. Fed Pumping still (Another $80 odd Billion today alone)
Where do you get the
Posted by ssaffer on 9th of Jan 2020 at 12:13 pm
Where do you get the $80 Billion data from? That is just nuts. The fed is creating a ferocious bubble and fostering recklessness -that will end badly as they all do. "Jango".
See here ssaffer... Link..... https://www.wsj.com/articles/fed-adds-83-1-billion-in-short-term-money-to-markets-11578582197?mod=cx_picks&cx_navSource=cx_picks&cx_tag=contextual&cx_artPos=2#cxrecs_s
Posted by SaharaCharts on 9th of Jan 2020 at 12:22 pm
See here ssaffer...
Link.....
https://www.wsj.com/articles/fed-adds-83-1-billion-in-short-term-money-to-markets-11578582197?mod=cx_picks&cx_navSource=cx_picks&cx_tag=contextual&cx_artPos=2#cxrecs_s
I love how it says
Posted by ssaffer on 9th of Jan 2020 at 12:27 pm
I love how it says "might need until April". My question why do they need to provide massive amounts of liquidity in the repo markets? And why April? Something smells really bad.
Banks will not lend to
Posted by SaharaCharts on 9th of Jan 2020 at 12:29 pm
Banks will not lend to each other. Obviously not that they don't wish to, just that they are unable to I suspect.
You can read more on the subject here... https://news.bitcoin.com/federal-reserve-considers-creating-a-separate-entity-for-cash-injections/
eye opening. You kind of
Posted by ssaffer on 9th of Jan 2020 at 12:45 pm
eye opening. You kind of new it always existed but the article maps out all the players and the specific relationships.
/es and /nq 60 min
Posted by elliotw on 9th of Jan 2020 at 07:16 am
/es and /nq 60 min charts have nearly touched the upper line of their broadening top pattern s
Nearly there Elliot - And
Posted by SaharaCharts on 9th of Jan 2020 at 07:47 am
Nearly there Elliot - And perhaps sufficient for the line chart view/?...
nice line /es chart. GDX
Posted by elliotw on 9th of Jan 2020 at 08:32 am
nice line /es chart. GDX 60 min had same pattern this week, then broke down. /nq here too.
Interesting Elliot - IWM is
Posted by SaharaCharts on 9th of Jan 2020 at 09:14 am
Interesting Elliot - IWM is lagging as Matt has pointed out, and while there is a Bear 'Wedge' it is within a 'Broadening' Plot too so has pot'l to move up to 170 say...
good spotting on IWM, thxs
Posted by elliotw on 9th of Jan 2020 at 09:43 am
good spotting on IWM, thxs for great charts