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Arun, what is your hypothesis?  Do you believe the markets are moving to all time highs?  I’d be interested in your forecast for the next 6-12 months given your analysis.  Curious not critical.  My view is that the S and P is still 16% off its all time high and I don’t see it getting back there within the next year.  I went to cash when Matt and Steve warned over a year ago and have gone long on oversold conditions a couple of times.  This is all in my 401k.  Returns were 8% LY and 5% so far TY.   I think 4300 or so will be the peak for the year.  I know far too many who followed money manger advice to stay the course and stay all in equities.  They are told your new deposits will get in lower.  That is true but the majority of the old money would be underwater.  Let us know your forecast please. Thank you. 

Likely to be range bound

PLEASE TAKE TIME AND LISTEN

Posted by bpozdoll1717 on 26th of Mar 2023 at 01:17 pm

Likely to be range bound for a while and disappoint both sides.  

I haven’t been following the communication on these.  How do you access the charts and what are the trade parameters?  Thanks for the heads up.  

Good calls here. How does one manage the position if they are long?  How best to determine a target to the upside or a stop loss? Thanks. 

Going to retest 3929 which is the 38 fib?

Retracements:  not sure if this

Posted by bpozdoll1717 on 9th of Mar 2023 at 10:09 am

Retracements:  not sure if this has been posted, but we rallied from 3500 to 4195 (695 points).  Would the retracements be as follows?   38.2%:  3930.   50%:  3848.   61.8%:   3766.   Seems like these might be targets for this correction and then back up to new highs?  Just wondering.  

Do you think we go

SPX Monthly View

Posted by bpozdoll1717 on 28th of Feb 2023 at 05:38 pm

Do you think we go back and tag the 50 day on the downside?

Yet VIX down.  No fear in market as dip buyers prevail.  Big flush or burn the shorts again?

In the VIX?

Steve, for the supply and demand plays, is there a best practice as to where to place a stop loss?  For example, you had supply at 4010-4034.   Would 5-6 points of room at 4040 be appropriate?  Thank you. 

Steve, you have a nice system of your own here fading resistance and buying supply zones.  

What do the March time frames look like?  

3940?

SPX testing its 200 day MA

Posted by bpozdoll1717 on 24th of Feb 2023 at 10:46 am

3940?

Steve, great call on the market dump!!  You called it 2 days early.  

Which web site?

Thank you 

VIX 120

Posted by bpozdoll1717 on 18th of Feb 2023 at 12:30 pm

Thank you 

What are we watching for?

VIX 120

Posted by bpozdoll1717 on 18th of Feb 2023 at 09:01 am

What are we watching for?

CNN Fear Greed Index.  Arun

Posted by bpozdoll1717 on 7th of Feb 2023 at 05:49 pm

CNN Fear Greed Index.  Arun has been spot on for most of this rally.  Kudos to him for sure.   Interesting chart of CNN fear/greed indicator which is now at 79 (Extreme Greed).  I couldn't find a level so high on the  18 month chart.  But last time it hit 77 on 11/9/21 the market was 180 points lower in 3 weeks and 800 points lower in 5 months.  The catch is that after the 180 point drop it actually rallied to new highs first before a huge decline.  

  https://en.macromicro.me/charts/50108/cnn-fear-and-greed


Thank you.  Sorry I somehow missed that post.  Appreciate you sharing it.   My bad. 

Thank you.   James had said on Thursday it would close on Friday unless there was a massive move down.  No massive move but glad it is holding.  I trust the systems and expect losses so that is not a concern.  Track record speaks for itself.  

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