Posted by fredsaid on 10th of Aug 2023 at 09:25 am
Love it when a plan comes together ! Following Steve's
potential mapping (I just put the potential plan + Systems
conditions + Market events... adding up the indicators). Oil,
Energy, down. QQQs, Crypto, SnP up. Going to take
profits at the open but not sure about adding to shorts just yet.
Not until systems show exit conditions. $ and
Gold are outliers but still expect $ up and Gold.Commodities down
during if this wave/rally holds. And if it does, it should be
the B wave up to around 4580-4600(waiting for new targets from bpt)
through next week to screw the shorts again through Opex - likely
with a lot of chop, then we get the C down lower i.e. Opposite to
now, i.e. Oil,Energy, Value, Commodities Up and SnP, QQQs punished
to finish August ugly and then we get the final charge up through
Sept. Haven't decided what sectors will lead the final charge
but will be building a Gold position through this wave if it plays
out.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Love it when a plan
Posted by fredsaid on 10th of Aug 2023 at 09:25 am
Love it when a plan comes together ! Following Steve's potential mapping (I just put the potential plan + Systems conditions + Market events... adding up the indicators). Oil, Energy, down. QQQs, Crypto, SnP up. Going to take profits at the open but not sure about adding to shorts just yet. Not until systems show exit conditions. $ and Gold are outliers but still expect $ up and Gold.Commodities down during if this wave/rally holds. And if it does, it should be the B wave up to around 4580-4600(waiting for new targets from bpt) through next week to screw the shorts again through Opex - likely with a lot of chop, then we get the C down lower i.e. Opposite to now, i.e. Oil,Energy, Value, Commodities Up and SnP, QQQs punished to finish August ugly and then we get the final charge up through Sept. Haven't decided what sectors will lead the final charge but will be building a Gold position through this wave if it plays out.