By the way guys, I’m NOT suggesting a long here. This is more speculation on the move up to 1980 SPX. If wrong then we could barely move up and/or drop again tomorrow.
Again, I don’t like to play wave 2’s, 4’s, and B’s. I just look for the sure thing C wave and 3 wave. Right now we completing some wave down that could be a 2, 4 or B… nothing I want to gamble on. Elliottwave is best used “after the fact” and not for predicting the next big move.
Always use Technical Analysis first and fit the wave count into it… then you can see when a BIG move up or down is lining up. Right now I don’t see any BIG move up or down that is a “sure thing”. The only “sure thing” move was DOWN from last Thursday’s FOMC meeting. That was a 99%’er in my view. Now we are chopping around waiting for the next 90%’er plus to appear.
copy.
I took NUGT for a quick trade. I have the feeling before end of Oct she will be trading at ~15-20.
Is anyone reading my blog anymore? Post a comment to let me know you are alive out there people. Thanks.
By the way guys, I’m NOT suggesting a long here. This is more speculation on the move up to 1980 SPX. If wrong then we could barely move up and/or drop again tomorrow.
Again, I don’t like to play wave 2’s, 4’s, and B’s. I just look for the sure thing C wave and 3 wave. Right now we completing some wave down that could be a 2, 4 or B… nothing I want to gamble on. Elliottwave is best used “after the fact” and not for predicting the next big move.
Always use Technical Analysis first and fit the wave count into it… then you can see when a BIG move up or down is lining up. Right now I don’t see any BIG move up or down that is a “sure thing”. The only “sure thing” move was DOWN from last Thursday’s FOMC meeting. That was a 99%’er in my view. Now we are chopping around waiting for the next 90%’er plus to appear.
ES Futures (and SPX) Midday Wednesday Update September 23rd, 2015:http://screencast.com/t/VDjBDrDixC
ES Futures Morning Update: September 23rd, 2015: http://screencast.com/t/QXhEwpFwe
More movies foretelling the future? https://www.youtube.com/watch?v=vgqG3ITMv1Q
ES Futures Midday Tuesday Update September 22nd, 2015: http://screencast.com/t/gdFpf7g7
ES Futures Tuesday Morning Update September 22nd, 2015: http://screencast.com/t/EGXQLLP8o
Too Funny: http://vigilantcitizen.com/latestnews/bill-burr-talks-illuminati-on-conan-video/
VIX Monday Morning Update September 21st, 2015: http://screencast.com/t/cO42Ihk1