| Followers | 680 |
| Posts | 141062 |
| Boards Moderated | 36 |
| Alias Born | 03/10/2004 |
Friday, January 20, 2017 9:52:05 AM
ES Remains in a Contracting Coil Formation, Right into The Inauguration
By MPTrader
* January 19, 2017
Although I can get worked up about the inherent risks implied by the lopsided Bull vs Bear Ratio, about the timeframe for a peak in my 90-100 day SPX Cycle, and about the uncertainties of a new Trump Administration-- all of which suggest a very defensive equity-market posture, my pattern work belies those signals, and continues to indicate that the 5-week Coil Formation since the Dec 13, 2016, high at 2278.25 is poised for upside continuation into a potential thrust into new-high territory towards 2300.
At this juncture, only a decline that breaks 2257/55 will trigger preliminary signals to the contrary.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By MPTrader
* January 19, 2017
Although I can get worked up about the inherent risks implied by the lopsided Bull vs Bear Ratio, about the timeframe for a peak in my 90-100 day SPX Cycle, and about the uncertainties of a new Trump Administration-- all of which suggest a very defensive equity-market posture, my pattern work belies those signals, and continues to indicate that the 5-week Coil Formation since the Dec 13, 2016, high at 2278.25 is poised for upside continuation into a potential thrust into new-high territory towards 2300.
At this juncture, only a decline that breaks 2257/55 will trigger preliminary signals to the contrary.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
