Tuesday, February 16, 2016 3:44:37 PM
WOW now that's one hell of a call. 1700.
Actually there are some positiveness to the last 2 weeks of S&P action.
1st it has reached the 10% correction status and the retrace has stalled. 2nd, emotion is happening, high volume interest and several emotion gaps. These 2 things are saying bottom.
Add all my TA indicators have either gone positive or are headed that way. Plus the S&P always does well filling gaps and that's what it's doing right now. So looking at gaps there is one sitting up @ 2045 needing fill.
My call is S&P will hit 2045 before 1700.
NEGATIVE interest rates are great for banks. If one is naïve enough to think banks will pass on their windfall to help the economy. Remember they haven't once done so in the past 8 years. LOL
Actually there are some positiveness to the last 2 weeks of S&P action.
1st it has reached the 10% correction status and the retrace has stalled. 2nd, emotion is happening, high volume interest and several emotion gaps. These 2 things are saying bottom.
Add all my TA indicators have either gone positive or are headed that way. Plus the S&P always does well filling gaps and that's what it's doing right now. So looking at gaps there is one sitting up @ 2045 needing fill.
My call is S&P will hit 2045 before 1700.
NEGATIVE interest rates are great for banks. If one is naïve enough to think banks will pass on their windfall to help the economy. Remember they haven't once done so in the past 8 years. LOL
Welcome to my mind!
Success to all
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