Replies to post #26479 on Short Term Trading Member Forum

[Nirvana]

Maybe sandeeps - let's see if SPX is able to close above these EMA's. That will be key to tell what's coming next.

[DoubleTake]

I agree--IF the market holds at this level. As of this moment, it could be a headfake--an elevator set for a free fall. This market is in too much of a hurry. Way over-confident. The bullishness may work this time but the traders are begging for a beating.

Main point: Let's see where this market closes. If it closes at this level, the low point of this 10-week cycle will likely be behind us.

Double

[pegwatcher]

I favor next week for the low. expecting new highs or a test then a larger sell-off.

We are builing a top imo