as I said below, there's really no resistance until you get to
4370 so I could see going there pretty easily
as far as symmetry break - one possibility would be for this
move to be abc of an A move, then a B consolidation for a higher
low, then a final C up. Other options are also available of
course
Answer: NO - if you have been listening to the newsletter we
were looking for a rally here. Please listen to each
newsletter and I will take time to review after hours.
Welcome back.
With that being said, continue to trade what's in front of
you.
I just rejoined this week, so forgive me if I missed an earlier
newsletter where this was covered. That being said, I didn't rejoin
and pay for a membership to be scolded like a child for asking a
legitimate question in a forum.
bulf6285 - first off thank you for coming back, I appreciate all
you guys and the support
secondly, don't over read into comments like that, Steve didn't
mean anything negative, sometimes we are short of time and our
comments can be dry.
As far as the a market - longer term we lean to much lower
prices over time, but from Monday I gave my opinion on the market
that I lean for an upside bounce to to the 4300 area or higher
because I could count 5 clear waves to the downside and I leaned to
an upside move into the FOMC, you can go back and listen -some of
my comments in the table of comment say as much
pull up my newsletter from Monday - in the first slide I state
how I lean to a trade low in the market at 2 min mark, I talk about
the clear 5 waves down on slides 10 and 11 and after such you get
an abc up
This is a clear symmetry
SPX comments
Posted by bulf6285 on 4th of May 2022 at 04:13 pm
This is a clear symmetry break. Does this alter the longer term view of the market heading lower?
as I said below, there's
Posted by matt on 4th of May 2022 at 04:15 pm
as I said below, there's really no resistance until you get to 4370 so I could see going there pretty easily
as far as symmetry break - one possibility would be for this move to be abc of an A move, then a B consolidation for a higher low, then a final C up. Other options are also available of course
Answer: NO - if you
Posted by steve on 4th of May 2022 at 04:14 pm
Answer: NO - if you have been listening to the newsletter we were looking for a rally here. Please listen to each newsletter and I will take time to review after hours. Welcome back.
With that being said, continue to trade what's in front of you.
I just rejoined this week,
Posted by bulf6285 on 4th of May 2022 at 04:22 pm
I just rejoined this week, so forgive me if I missed an earlier newsletter where this was covered. That being said, I didn't rejoin and pay for a membership to be scolded like a child for asking a legitimate question in a forum.
bulf6285 - first off thank
Posted by matt on 4th of May 2022 at 04:29 pm
bulf6285 - first off thank you for coming back, I appreciate all you guys and the support
secondly, don't over read into comments like that, Steve didn't mean anything negative, sometimes we are short of time and our comments can be dry.
As far as the a market - longer term we lean to much lower prices over time, but from Monday I gave my opinion on the market that I lean for an upside bounce to to the 4300 area or higher because I could count 5 clear waves to the downside and I leaned to an upside move into the FOMC, you can go back and listen -some of my comments in the table of comment say as much
https://breakpointtrades.com/market_analysis/new_player/?nl_id=5414
pull up my newsletter from
Posted by matt on 4th of May 2022 at 04:30 pm
pull up my newsletter from Monday - in the first slide I state how I lean to a trade low in the market at 2 min mark, I talk about the clear 5 waves down on slides 10 and 11 and after such you get an abc up
https://breakpointtrades.com/market_analysis/new_player/?nl_id=5414
I suggest listening to the 1st slide, and the slides on the indexes.
also the CCI system went long on Monday