The move lower looks corrective to me of wave 4 of a higher
degree:
https://stockcharts.com/h-sc/ui?s=$SPX&p=120&yr=0&mn=4&dy=0&id=p06798074800&a=590234965&listNum=61&cmd=print
That mechanism is called bankruptcy, which does not work amidst
wide-spread corruption. Socialism for the rich will end like it did
during 1930's. This imbalance will work itself out.
Generous but still limited instead. say to $1m? All ultra rich
have already removed their money from banks above the uncovered
limit, based on Jim Rickards. Those who still keep are small
businesses.
A lower high and a lower low is again today. A bearish scenario
does not want to die yet! And the high from February still stands,
which is called a downtrend! A break of the trend line overnight
will send us a lot lower. Lastly, Matt's DVDS system still
agrees with that logic staying open!
Steve, I confirm your observation. 13286 is a target on /NQ next
(or after a move lower) to complete full 5 waves on 15-minute
charts. 5-minute waves will be waves of a smaller degree.
Steve, I see /NQ retesting 12930 like it did on 02/17 or 12/02.
I hold a small bet, which is not too probable but could be rather
profitable. My hunch is that wave 5 has been completed.
So this would be a double correction on /NQ. /GC is up a lot
today, which tells me that risks are elevated.
Edit: recovery to 13286 is expected before moving lower. I can
see a nearly completed 5 waves down on 15-min charts.
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nevermind, the last part looks
SPX 10 min diamond?
Posted by junkie on 4th of May 2023 at 03:48 pm
nevermind, the last part looks like a bull flag.
is this a continuation or
SPX 10 min diamond?
Posted by junkie on 4th of May 2023 at 03:44 pm
is this a continuation or a reversal pattern?
AAPL will beat expectations to
So 4050 was my line in the sand and we ...
Posted by junkie on 4th of May 2023 at 03:06 pm
AAPL will beat expectations to put indexes into green at the EOD!
Yeah, make a private twitter
MACD KISS/stoch daily and VIX daily system
Posted by junkie on 4th of May 2023 at 03:05 pm
Yeah, make a private twitter account for this site with posted trades by various systems updated in real time.
Elliot wave 3 runs from
SPX 60 min
Posted by junkie on 4th of May 2023 at 01:40 pm
Elliot wave 3 runs from support to resistance or from resistance to support. Thanks for filling in trading details around it.
The measured move down is
SPX 60 min
Posted by junkie on 4th of May 2023 at 12:12 pm
The measured move down is the width of the channel.
Matt, then when do you
SPX view
Posted by junkie on 4th of May 2023 at 11:38 am
Matt, then when do you expect the DVDS short to close based on your wave count at hand? Based on this count, the trade should be closing today.
I entertain a count of dropping in 5 waves into 4020. It is an A-B-C down from May 3rd high. Wave 3 of C likely has completed today.
Be dumb. Drink coolade! Follow
Much congrats to those of you who simply stuck to the systems and stayed short the DVDS positions!
Posted by junkie on 4th of May 2023 at 10:52 am
Be dumb. Drink coolade! Follow DVDS ! :-)
The move lower looks corrective
SPX 30 min symmetry
Posted by junkie on 4th of May 2023 at 10:51 am
The move lower looks corrective to me of wave 4 of a higher degree: https://stockcharts.com/h-sc/ui?s=$SPX&p=120&yr=0&mn=4&dy=0&id=p06798074800&a=590234965&listNum=61&cmd=print
stockcharts.com
$SPX | SharpCharts | StockCharts.com
Create advanced interactive price charts for $SPX, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
That mechanism is called bankruptcy,
It's disturbing hearing so many voices calling for the Gov ...
Posted by junkie on 4th of May 2023 at 10:36 am
That mechanism is called bankruptcy, which does not work amidst wide-spread corruption. Socialism for the rich will end like it did during 1930's. This imbalance will work itself out.
Thanks for an update on the IB accounts.
Generous but still limited instead.
It's disturbing hearing so many voices calling for the Gov ...
Posted by junkie on 4th of May 2023 at 10:14 am
Generous but still limited instead. say to $1m? All ultra rich have already removed their money from banks above the uncovered limit, based on Jim Rickards. Those who still keep are small businesses.
eurusd looks toppy to me
Posted by junkie on 4th of May 2023 at 10:09 am
eurusd looks toppy to me on the daily chart. The PSAR is above the price.
PSAR trailing stop is hit.
SPX - last week it bounced off the 50 EMA, ...
Posted by junkie on 4th of May 2023 at 09:58 am
PSAR trailing stop is hit.
How about 3970??
SPX 60 min nice dump there eod. gap fill tomorrow? ...
Posted by junkie on 3rd of May 2023 at 04:18 pm
How about 3970??
A lower high and a
SPX 120 min
Posted by junkie on 3rd of May 2023 at 04:05 pm
A lower high and a lower low is again today. A bearish scenario does not want to die yet! And the high from February still stands, which is called a downtrend! A break of the trend line overnight will send us a lot lower. Lastly, Matt's DVDS system still agrees with that logic staying open!
Gold is higher again today. It smells something!
Steve, I confirm your observation.
SPX 5 with Fibs
Posted by junkie on 2nd of May 2023 at 04:26 pm
Steve, I confirm your observation. 13286 is a target on /NQ next (or after a move lower) to complete full 5 waves on 15-minute charts. 5-minute waves will be waves of a smaller degree.
This demand zone stuff works
SPX cash demand zone posted on weekend at 4090 -4051 ...
Posted by junkie on 2nd of May 2023 at 04:01 pm
This demand zone stuff works really well!
Steve, I see /NQ retesting
SPX 5 with Fibs
Posted by junkie on 2nd of May 2023 at 03:58 pm
Steve, I see /NQ retesting 12930 like it did on 02/17 or 12/02. I hold a small bet, which is not too probable but could be rather profitable. My hunch is that wave 5 has been completed.
So this would be a double correction on /NQ. /GC is up a lot today, which tells me that risks are elevated.
Edit: recovery to 13286 is expected before moving lower. I can see a nearly completed 5 waves down on 15-min charts.
Today TLT agrees with you,
Escalator up.
Posted by junkie on 2nd of May 2023 at 03:35 pm
Today TLT agrees with you, and thus far it should go up (yields down).
stockcharts.com
TLT | SharpCharts | StockCharts.com
Create advanced interactive price charts for TLT, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
If tomorrow Powell admits any
No worries - the Whitehouse says they have the banks ...
Posted by junkie on 2nd of May 2023 at 03:24 pm
If tomorrow Powell admits any hesitation about further rate hikes, this market is a toast without a bottom is place. IMHO.