Short Term Trading Member Forum

[DowDeva]

Not trading right now, Oddlot, until February, but sounds good. I would say 272 more than 276, right off the top of my head.

TDAmeritrade just sent their newsletter with two articles on shorting in it, so I would bet my bottom dollar the next few weeks will be flat line to up. Best contrary indicator I know.

Intuitively, I feel 278 to 280 SPY, plus or minus a few.

According to my Hurst phasing, which I know is different than yours, I have late January/early February as an important low (40 week). In addition, low volatility compression is/has been commencing recently and likely to continue, so a big move coming either way in January to my way of thinking. If the Fed says that they are going to scale back on hikes, we're back to the drawing board - with a big BUT: market has to recover from the liquidity the FED has already pulled out and I don't think the October decline was enough.

In Chinese astrology, however, this is it. We're done, cooked, it's over until 2025.

I have never been more frightened in my life.

Best regards,

~D