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Getting the feeling this market want to melt up and trap as man Bears as they can.
Very nice trade Northam ;)
UPRO has a date with $29. Do not expect the Fed to show a pivot stance today.
Market likely may whipsaw into the Close. Buyers be warned ;)
Boys are painting a 'fear induced panic' on the tape. Has me questioning if it is to be so obvious then why induce such fear, unless it is to scare off as many as possible before they ramp her.
Just a thought
Your methodology has given you a leg up and me as well ;)
Count on it :)
Sounds like you are getting Bearish again, lol.
Lets face it. The BankerGangsters know the Charts better than anyone or group and will test the patience of many. They already schooled me for years now.
My bottoming indicators are flashing bright green. That doesn't mean the boys won't take this market lower, they may indeed. So be it. But the ride up will be flashy and fast, imo.
Id be Buying UPRO here. Thinking this market is looking very very hard to find a bottom.
VIX is showing a positive divergence.
We should start to bounce up and out of here, imo.
They will bounce this market higher next week :)
Might even see a Buy program initiated before close :))))
Wonder what all the rest of us would do without your guidance. Lol...
Likely a back test to build support from the recent lows before a continuation of this breakout.
Yes !
You are very very late to that party. Don't be the last one to have to turn to the lights.
NM43: Your UPRO Buy signals have proven to be premature. Understandably so, they can still produce profits further down the road, of course, after this Bear runs its course. Interestingly enough one might question your analytics as to your UPRO purchases.
Im eating my words here NH43. Ouch
Them there is some heavy and complicated tea leaves. I'm thinking we are bottoming here and now. Might go slightly lower next week but I wouldn't count on it. The Fed is between a rock and hard spot and will have to pivot.
Sounds like your sensing a bottom here and a rally next week. That's what my tea leaves are suggesting as well.
Bottoms In ~!~
That guys Charts are wrong and do not mirror the manner of which the S&P has been in 2022 verses 2008.
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
Expecting lower lows today.
I don't think so. Jut bought 1000 shares :)
Then why a Buy signal on UPRO ?
But But But .... There will always ... be more pump.
Love you commentary northam43 ;)
Those UPRO Cycles are as volatile as these BankerGangsters in the dark of the night. Lol ...
Da Boyz did all their work in overnight trading.
You suggesting the Market will be down next week ? CPI data has me thinking we should sell off on that News.
So, onward and upwards Northam ?
You go Northam43 !!!
I realize it is early to guess based off your charts/graffs but if you had to would you lean toward a new high in the S&P before years end. Looking like the Fed may indeed need to pivot in August,Sept, & October.
Hopefully the Bull will return with a vengeance. Logic would say otherwise but Im hopefull the Boyz kick start the engine one more time for a New High before the bottom drops out.
One can Hope, for in Hope one grounds the soul.
What a difference a day makes. Lol...
SPY 3700 is their likely target. Fill there and move higher or stretch for a double bottom at the lower crease. Either way, with Elections in Fall, a Bullish Rally should unfold, imo.
Enjoy your Vacation Northham43
Im merely suggesting that although there is a lot of power in understanding the Charts one must also understand the macro economic environment.
It is becoming more apparent the Fed will pivot in their stance. July may be the last raise before an indefinite Pause. Short Term Bond Market Rates are indicating such.