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Thursday is the GDP,,,Might cause some pain???
Oct. 14 is the low, I think I posted this a few weeks ago. Very small bounces until then.
Possible Needle Bottom...or maybe a straight flush.. Futs green as I post...But nothing matters till the open.
https://schrts.co/juskMsAP
I would take the Daily , Weekly or Monthly right now and not wait for it to happen..
Thanks north
Next stop could be 3300....We should have a massive short cover rampo tho first..
3800??
https://schrts.co/NAXPZeiq
Likely a little more down before we bounce; assuming we do bounce :). Maybe tomorrow we hit out low without taking out the June lows. Time will tell
Now it looks like this cycle is going on track, however, we need those bull cycles to come in asap! Take this market out of oversold(strong downwards) conditions
Should be due for at least a relief rally.
It has to get above 3700 to get the 60 min in Bull territory, above 3880 for the Daily, above 4050 for the Weekly, and above 4350 for the Monthly.
SPXU 60...... Daily trend HH....9.26-2022...
https://schrts.co/GWKQsGpM
UPRO 60.....Daily trending LL...only 5 cents down today from Fri..low make the deferent .
between pre low and today low ...will see tomorrow....
https://schrts.co/miInAtvV
End of the Day Reports & Charts: Today the Daily D-SC-1 low was due, we shall see. Tomorrow during the trading day there is the possibility of a 60-S-2 (Overdue). Thursday at the close the Daily D-SC-1 should get confirmed. Friday at the close there is the possibility of a Weekly W-E-1 (due 2/15/23) getting confirmed, projected low 3359.28, low due 11/4/22. Also Friday at the close there is the possibility of a Monthly M-1 (Extreme Overdue) getting confirmed, the projected low has been exceeded, the M-1 low was due 7/29/22. There is the possibility of a M-E-1 (Extreme Overdue) getting confirmed at the close of next month, however, the Monthly MACD (12,26,9) is currently 116 points above the zero line, this month the MACD only dropped 54 points, so at that rate, the earliest the M-E-1 can be confirmed is probably at the end of December. If the M-E-1 gets confirmed, the projected low will be 3078.81, the low will be due at the end of February. For the M-E-1 to get confirmed the Weekly W-SC-1 will have to get confirmed the middle of December, the W-SC-1 projected low is 2786.71, the low will be due the middle of March.
Boy oh boy..it sure looks like we could ramp at anytime. Daily indicators very OS..So need a 200 to 300 point up move to reset.. All my up signals for today went bust..
Bought, UPRO, 100 shares at 30.50, 60-SC-1 has been confirmed, the 60-SC-1 has exceeded it's average duration to the low, the 60-SC-1 has exceeded it's average duration, the 60-SC-1 projected low has been exceeded.
New low already, I mean from Friday...next support is 3645, 3620,3570..Major support...
https://schrts.co/DPTEehrr
Went right to the 15 min 50MA..Need to watch that MA..It can sometimes screw up a good move...
https://schrts.co/zacUJqMv
Sure looks that way.. The 60 min Signal has now been negated.. as has the 195 min signal..The 2 hour signal will be negated with any more down...So have to find a new low and try again..
Glen
Thanks for your reads.
I'm doubtful of any rally until we make a new low on the SPX.
Now that doesn't mean it can't reach your targets but if we rally back above 3700 or further, I think we give it all back not too far out in time.
So far we are not doing so hot with our targets...However the 1,2 hour and 195 min signals remain valid...So we see..
3772 is the 195 min SPX target, the 10EMA...These signals may be a little optimistic..But the Daily is very OS and needs to reset...Usually need 200 to 300 points ...But we are in a strong downtrend..But I am posting the signals I get..
https://schrts.co/YgTtPZbT
3747 is the target for the 1 hour SPX chart, the 20MA
https://schrts.co/CuGdgvNI
RCKS..Especiall y check the 4 indicators directly below the body of the chart...Those are the OS signals...
RCKS...Last time we had all these indicators at these levels we had a 600 point up move on SPX.. Probably never happen again..But we are Very OS now...Just check them out..
https://schrts.co/cWHkkYbJ
Thanks RCKS..Sure looks like things are falling apart all over the world...
Glen
Long post today from Pretzel.
Pretzel Update: "...we are, in my estimation, nowhere near the end of this bear market, and things will get a lot worse before they get better."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170041019
3585 is the Weekly SPX target, the 200MA CCI100 is below -100 for the signal.
https://schrts.co/wcEfcqsP
This amazing FIB chart will replace my current favorite Gleno Chart
TNA 15 + Daily .....9/24/2022
.15..
https://schrts.co/cpkNwQIY
daily...
https://schrts.co/KtWNPSTt
tna charts thanks
Once again for those that still don’t get it.
This is the final update for the week of the #sp500 in 2022 vs. 2008 pic.twitter.com/wNSkIOjCZz
— Michael J. Kramer (@MichaelMOTTCM) September 23, 2022
Updated UPRO/SPXU Signal Chart. Due to the 60 min 60-SC-1 getting confirmed today at the close, a UPRO Bull Cycle Buy Signal is currently active until a 60-S-2 (Overdue) is confirmed. This is the 4th UPRO Buy Signal of this UPRO Bull Cycle. Also a SPXU Bear Cycle Sell Signal became active, until a 60-S-2 (Overdue) is confirmed.
End of the Day Reports & Charts: Today at the close the 60 min confirmed a 60-SC-1 (due 10/16/22). Due to the confirmation of the 60-SC-1, a UPRO Bull Cycle Buy Signal is currently active (price below 32.72) until a 60-S-2 (Overdue) is confirmed. This is the 4th UPRO Buy Signal of this UPRO Bull Cycle. Also due to the confirmation of the 60-SC-1, a SPXU Bear Cycle Sell Signal is currently active (price above 19.60) until a 60-S-2 (Overdue) is confirmed. Also today at the close the Weekly finally confirmed the W-1 (Extreme Overdue), the Weekly is currently in W-E-1 (due 2/15/23) territory, possibility of the W-E-1 getting confirmed at the close on 9/30/22, projected low 3359.28, low due 11/4/22.
Have a good weekend all. Small bounce soon, but that’s all till election run up. Board sure is quiet.
At the close, the 60 min 10EMA is now at 3705 target, and the 2 hour target is now the 10EMA at 3739..
Be kinda good to hit the up targets next week.
Possible Fib trace levels from the 2190 level to tjhe 4818 level.
https://schrts.co/iHDaDNeE
The 4 indicators right under the body of the chart are very good OS indicators and usuall 3 wil trigger a reversal...Blue Arrows..RSI needs to be under 30
CPC needs to be out the top BB...Not quite yet
VIX needs to be over 30
And the Bullis sentiment need to be over 40
So we have 3 of the 4 in place.
https://schrts.co/yjcrUHqR
It sure is not a given..However the daily is now very OS..but it can stay OS forever,,
Glen
Thanks for all the updates, today has been a steady drain with almost no buying.
It seems we need to test the June lows when we are this close.
But do we bounce there for sure, I'm not sure we do.......
The 2 hour signal for up has been negated...Shortest signal ever...60 min still valid...but prob not for long..
3736 is the 2 hour SPX target...The 10EMA..That might be a positive sign...but will just have to see.. zzThe signal could get negated very easily..The 10EMA on the 60 min chart has dropped down to 3712 from 3720 an hour ago..
https://schrts.co/UcaXUJQx
3200 by Oct 13
3720 is the SPX 60 min Target, the 10EMA..However we just are backing off a 10 point move up which may have triggered the signal...CCI10 must stay above -100 for the signal to remain valid...May get negated next hour unless we move up some from here.
https://schrts.co/iKVRaCqH
Forgot to mention...The up signal on the 60 min chart has been negated...::)
CCI10 has dropped way below -100...
https://schrts.co/dYGYeRSk
Too far below the 140,200 and 320MA's...Will now wait for MA's to come down or price will move back up..?
https://schrts.co/vGuKKeGG
3650 ish is the next H line support...Big guru says 3670..So we see
https://schrts.co/nDPkAwYv
Thanks RCKS...Watch to see if this Trend line will act as any support .at 3700..??
https://schrts.co/AyxdvRId
Glen
Pretzel Update: "So far, this has the feel of a market that is having a hard time finding buyers...."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170024156
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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