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Obj 2620 for low Sep- Oct
$SPX Holding shorts SPX avg 2904.5. Looking for 72day lows 9/10 to 9/16 +/-. A rally into Labor Day weekend is traditional, as people hate to be short over long weekends. From the high either Fri or early next week, a nasty decline is likely.
I will probably look at the mkt hard Tues for an additional short.
Sir, this board is off limits to pure political rants. Another one will get you banned.
Oddlot
IMHO, value and trends are often at odds. VRS appears greatly undervalued, but mkt trends suck. This is a good selection when trends turn up, because there would be little or no selling on valuation. But many people do not integrate both factors. If the mkt is falling, often the baby goes out with the bathwater.
Thank you for your comments.
Ok, now tell us what you Really think...lol
Oddlot
Breitbart reports Justice Ginsberg has received 3 weeks of treatment for cancerous tumor on pancreas. This may lead to Trump having opportunity to nominate another conservative judge.
Oddlot
$SPX The price at which a moving average(of length equal to half the length of a Cycle) changes slope from positive to negative occurs when the price has declined HALF of the total distance from high to low. Thus a projection can be made as to the next low.
A major cycle is 216days, and the 9day avg of the point at which the ma108 will change slope is 2820, coinciding with recent chart lows. A sustained break would suggest that a move towards 2600 is likely.
The 216day/43week cycle has an expected date of low near mid October. This decline from 2935 could last 8 weeks or so with some interim bounces.
Holding shorts with avg of 2904.4
$SPX added short at 2888, n ou w short 3 units avg 2904.4
Agree possibility up exists. Strong resistance at ma200 and vcd again 2973-3020. Cycles in down move suggest likelihood is modest.
Belek, welcome to the board. Your name is familiar but I cant remember why other than to have seen it on a few boards where I lurk.
Feel free to express your positions and expectations. Your charts are interesting. Any explanations would be helpful for those who are unfamiliar with specific indicators and their interpretations.
For starters, what do you expect near term?
Oddlot
the high volume dump at the close gave negative indications on OBV, lending credibility to premise of cyclic high being made today. A second lower close tomorrow would add weight.
$SPX add short on stop 2889.7
SPX added at 2916.5, now short 2 avg 2912.6
$SPX exited 2 longs at 2908
8 for profit of 45x2. Now short 1unit at 2908.8 looking for 72day low mid Sept. Will add on bounce.
$SPX raise stops to 2909, and initiate first short also on stop at 2909.
Add additional sell order at 2954, for initial short at that level with the second short remaining at 2968. I may pull the trigger at the close if not yet finished.
$SPX hold 2 long avg 2863,
Move stops to 2897. Maintain liq sells at 2944 and 2954. Short 1 at 2968. And will add on reversal from high, expected by Friday pm.
Oddlot
SPX added, and out. Fast and obviously unexpected small loss. Tomorrow is another day...
$SPX add long on stop 2908.3, risk 5pts
$SPX 9day high is coming. Cycle composed of two 4.5day cycles. Intraday cci for 4.5day is oversold and awaiting buy signal. Move to OB would occur with high in 4.5/9/18 day cycles, and be time to SHORT.
$SPX scale out of longs 1/2 at 2944, 1/2 at 2954. GTC. Will wait on indicators to take shorts.
Thanks for your insights. Advantages of living in Calif and eating tech for breakfast.
Oddlot
Thank you.
Would you please provide a link to the report on Sanders' website. I looked but could not find it. Thanks.
Etalors: re the phasing of the cyclic periods, pls review the prior post for the expectations upon which my trades are based.
Oddlot
$SPX the intraday FLD 9day is approx 2900. A sustained penetration would give a swing towards 2960 as a 9day peak. Holding longs avg 2863
$SPX holding longs from 2849 and 2873. Stop both at break even 2864.
June 1
72day due 9/16. 43week low due approx 10/16. The two should coincide, but that's life....
$SPX hold long from 2849, risk 2819. Buy signals given on all CCI up thru 36day cy les. PNF buy signaling 10min atr200 occurs at 2872, with obj 2960+. Add on stop 2872.3, risk 30pts.
TL resistance in 2890-2900 area, but presume it will be broken. Next cyclic point is 18day high due 8/21, followed by 72 day low, so plan to be out and short by end of next week.
Oddlot
SPX hold long from 2849. Add on stop atv2868.3, risk 30pts.
Oddlot
SPX long at 2849, risking to 2819. Let's see what happens...
SPX buy if 2863 is hit. Risk to 2828. Obj is open but likely 2935-2950. Anticipate being out and short by 8/23.
You were prescient with CSCO and the internet. Do you have any current "brilliant" insights that could make the rest of us some money?
And that question is extended to any, and all. Know something, say something..
Oddlot
SPX lower entry buy stop for today to 2853, last 2844
I prefer Ying over Yang, lol.
SPX Will take short-term buy on reversal signal. Buy on stop at SPX 2866.3 or on 10min CCI 211 buy signal, which ever comes first. Risk to below Low of Day.
My gut is telling me the fear is overdone. 10yr rates could bottom temporarily near here on TA basis. Similarly, this schizo mkt can/will turn on a dime. Looking for a local Gamblers Anon.
Oddlot
SPX Although I am strongly bearish for the long term, a rally point may be upon us soon. Support usually occurs to prevent events with negative statistical significance. Support to prevent breakdowns.
The FLD216, the point at which the slope of the MA216 would turn negative, is near 2815-2820 which coincides with the last mkt lows of 2817. Most analysts would create a new objective of 2600 if the mkt broke through. The 18day low is due today, but the 9day cycle counts to Friday. With the next 18day high due 8/21, the rally from the FLD could be sharp for several days. The weekend could also bring out some Trump tweets or fed action that is received positively.
All together, the rally off of this upcoming cyclic low could be sharp and be perhaps 150pts on SPX.