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SPX....15....+ Daily.....
15.....
https://schrts.co/rZrmVDej
Daily.
https://schrts.co/mVGmSywP
Glen
Pretzel Update: He is looking at the BKX as a potential Canary in the Coal Mine........
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174613097
Possible Bearish formation, but will take a lot more up to fill out the flag...Plenty room to get to 5504
https://schrts.co/HeurvVks
One guru I read is looking at 5504 for the next up target...FWIW
Glen
Tom Bowley thinks the Market is facing storm clouds just ahead
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174608651
https://stockcharts.com/articles/tradingplaces/2024/06/prepare-now-for-a-potentially-435.html
Well all I can say is the market does not know it is in trouble...:::)
Hard to go up with the adv/Decl like this.
https://schrts.co/zDdThcVZ
Some Neg D here.
https://schrts.co/yiPkcCKG
Top gotta be getting close..
https://schrts.co/HswPkYAJ
The last two indicators on this chart (bottom) are saying we should be going down??
https://schrts.co/xCUvXNxQ
Glen
Pretzel Update: Nothing new added today............ some funny stuff....... AI created Chair Powell pic.........
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174600554
Finally hit the top of the huge Mega Phone formation today on the 4 hour chart...What is the next move?
https://schrts.co/XBbyhNqh
Price just kissed the 15 min 50MA from above and is bouncing...
https://schrts.co/zCgWdgZh
5389 is the 60 min SPX target, the 20MA
https://schrts.co/QFjRPEZu
SPX Cycles Long Range Projection Chart. Today the SPX put in a new ATH at 5447.25. The Weekly, Monthly, Quarterly, & Yearly all put in new cycle highs at
5447.25. The Weekly entered W-E-2 territory, if the Weekly confirms the W-E-2 at the close on 6/21/24, the projected high will be 6060.00, the high will be due 9/13/24.
60 min SPX hit, the 10EMA target, but bounced right into the close.
https://schrts.co/VFaGUXcY
SPX....15....+ Daily.....
15......O/B.....??...
https://schrts.co/rZrmVDej
Daily.
https://schrts.co/mVGmSywP
The 15 min 320MA acted as support on the first hit and then bounced..
https://schrts.co/hSAadMTy
:5400 is the 60 min SPX target, the 10EMA ..
https://schrts.co/aHcQUvyC
Glen
Pretzel Update: Nothing much new added today but today is a Fed announcement so who knows where that takes us but with AAPL/AI leading us UP who knows where this ends up???
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174586971
The Daily SPX has hit the 10EMA target that I posted yesterday...
https://schrts.co/NASbfcAf
Edit...Maybe a few points short...
5319 is the Daily SPX target, the 10EMA
https://schrts.co/aFVXtEgk
RCKS, Thanks for the info...One guru I read is calling this Wave 5 also. Thinks then we have a big PB maybe down to 4600.? Some other Guru's I read occasionally are siting the Avd/DECL line as a warning also .But will just have to see what happens next. Some are calling now for a rate cut inJuly..That usually signals the end of a bull as economy going down the drain will take stocks with it.
Glen
Pretzel Update: An informative post from pretzel today, with three charts.............. Not calling a top though.....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174574152
5326 is the SPX 4 hour target, the 10EMA...Still have 8 mins to go so a lot can happen the last 30 mins...
https://schrts.co/iBGnsjkk
Really need to stay below 5367 for possible more down..But getting close to the last hour and seems like we most always ramp into the close..
https://schrts.co/yBnAyVjz
One guru I read is still calling for more up...No targets tho, but speaking about 5400 plus.5435 was one number he is looking at.
$UPRO ......... Daily........trend HH....in 3Gear up hill....? OPINION..
https://schrts.co/RJSzBQqD
Glen
Pretzel update: today the chart speaks for itself as he says............
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174560170
Potassium iodide. Get it now before August and it’s gone
Sounds like he has a good system.
north, One guru that I read is excellent at picking the support and Rez levels. So when he enters a trade, he sells most of the position at the first REZ level he comes to..Then carries the rest with a trailing stop.. He actually is amazing when it comes to the S/R levels. So never be afraid to take profits often..Most traders will ride them up and then ride them down because of GREED.
SOLD, UPRO, 300 shares at 72.58. This is due to the confirmation of the 60-SC-2. If the Weekly was in W-E-2 territory, I would have held.
The 60-SC-2 has been confirmed.
5311 is the current 60 min SPX target, the 10EMA...This is the weakest signal so could be negated with a little up.. Just below the 320MA on the 15 min chart and kissed the 15 min bottom BB a few mins ago
https://schrts.co/mHrqckTK
https://schrts.co/UstHsUBk
Today at the opening of the 3rd hour there is the possibility of a 60 min 60-SC-2 (Overdue). If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, target price 75.44
For me, if the 60-SC-2 is confirmed I will be selling all of my green UPRO positions (currently 3). Reason: The Weekly is not yet in W-E-2 territory & the current W-2 high is due tomorrow. Now if the Weekly gets into W-E-2 territory, I will hold. Right now the Weekly MACD Histo (12.26.9) is currently red (-2.39), it needs to turn green to get the Weekly in W-E-2 territory.
They just can;t not keep it from ramping into thr close..
Maybe a little down into the close today? 15 min chart extremely OB..Needs to reset down.
https://schrts.co/NHbpHmUM
The 15 min SPX chart is Extremely OB..Should be getting close to HOD if not already there.
https://schrts.co/ZyVfExRW
Glen
Pretzel Update: as he leads with "No news, is good news"....... no real change yet......
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174545825
Could be a 100 point upside tomorrow. New ATH??
60 min SPX 10EMA signal has just been negated...Last 30 mins of day huge volume..
5273 is the 60 min SPX target, the 10EMA...Still 20 mins to close and anything can happen..
https://schrts.co/hkaeDyke
What happened.?? Big reversal...Always take you profits fast and losses faster.
Glen's system:
For this system, I use the 10EMA, 20SMA, 34SMA,50SMA,100SMA, 140SMA and the 200SMA.
I use CCI10,20,34,60 and 100..
The system hit targets more often when going with the trend...
The targets are for the MA's at the time they are called and the actual target price when hit may be slightly different depending on how long it takes and how steep the MA's are moving..Each time frame update will also change the value of the MA.
So here is the way it works..Starting from a top...This works in ALL time frames from the 1 min to the monthly..
When CCI10 drops back below +100 price moves to the 10EMA
When CCI10 crosses below zero price moves to the 20MA
When CCI20 crosses zero price moves to the 34MA
When CCI34 moves below zero price moves to the 50MA
When CCI60 crosses zero price moves to the 100MA
When CCI100 crosses zero price moves to the 140MA
When CCI100 crosses below -100 price moves to the 200MA.
When CCI272 crosses zero price goes to the 320MA.
when price gets above all the MA's I use then you move to the next longest timeframe for targets and signals
Then you just start the system in reverse when CCI10 moves back above -100..
* After price gets above all the MA's on every time frame then you can not call any more up targets.(Monthly Chart is the longest)....You have to wait for CCI10 to drop back below +100 for a down signal on any timeframe.
** Use same instructions in reverse for opposite direction market movements
*** In strong market moves, countertrend moves will be difficult to hit
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