Well, I’ve not seen Astrology work too accurately in the past but with the timing of the FOMC meeting and the 211,80 SPY FP just about 25 SPX points higher it certainly seems likely that a turn down is coming soon, so I’ll be expecting the “unexpected” from them this Wednesday, meaning Mahendra could right on this one,.
According Mahendra Astrology … this week is very negative for the market. The FED statement is on Wed may have some verbiage that could affect the market. Estimate of a correction at about 3-5%
Very true… SkyNet makes you capitulate first and then it reverses the other direction. So at this point I’d say we will hit 211.80 SPY first and then sell off.
It’s worth it for me as I’ve changed my trading to day trades mostly as it’s easier for me to make money on. Predicting out more then 2 or 3 days is tough with this rigged market, so I just focus on what makes me money.
Of course the bullish setups seem to always play out so forecasting 2085 SPX on that cup and handle pattern was a pretty sure bet.
Yes, I do see a higher market by the end of the month. But a pullback here is overdue and I think we’ll see it drop 20-40 points in the near term before we go up to that FP around 2118 SPX.
I think today is short. As I said earlier the cup and handle pattern projects a high of around 2085 ES (about 2090 SPX) and from the looks of the open we are about to have we could creep up there today. Maybe it only makes it to 2080 ES, or just 2075 where it hit twice afterhours yesterday and premarket this morning, but I think it’s time to start looking for a short.
Well, I’ve not seen Astrology work too accurately in the past but with the timing of the FOMC meeting and the 211,80 SPY FP just about 25 SPX points higher it certainly seems likely that a turn down is coming soon, so I’ll be expecting the “unexpected” from them this Wednesday, meaning Mahendra could right on this one,.
According Mahendra Astrology … this week is very negative for the market. The FED statement is on Wed may have some verbiage that could affect the market. Estimate of a correction at about 3-5%
Very true… SkyNet makes you capitulate first and then it reverses the other direction. So at this point I’d say we will hit 211.80 SPY first and then sell off.
Often it’s not that these setups won’t work…
but that they will work AFTER they run your stops first.
“Every child does not need every single dose of every single vaccine…
we have to bring some rationality to this conversation”
https://www.youtube.com/watch?v=25Fv3ocO9gs
It’s worth it for me as I’ve changed my trading to day trades mostly as it’s easier for me to make money on. Predicting out more then 2 or 3 days is tough with this rigged market, so I just focus on what makes me money.
Of course the bullish setups seem to always play out so forecasting 2085 SPX on that cup and handle pattern was a pretty sure bet.
That is a drop of 1.9% assuming a 40 points drop. Is this worth the SHORT?? not me.
Yes, I do see a higher market by the end of the month. But a pullback here is overdue and I think we’ll see it drop 20-40 points in the near term before we go up to that FP around 2118 SPX.
perhaps. However, the odd favors higher market into end of month.
I think today is short. As I said earlier the cup and handle pattern projects a high of around 2085 ES (about 2090 SPX) and from the looks of the open we are about to have we could creep up there today. Maybe it only makes it to 2080 ES, or just 2075 where it hit twice afterhours yesterday and premarket this morning, but I think it’s time to start looking for a short.