I’m back! and the circus in DC has been putting on quite a show ever since my laptop fried and loosing my connection to you all. Glad to be back posting
It’s hard to believe but it appears we are going straight down to 1536 in one big wave. They certainly don’t want the bears to join in until the bottom. So I guess I’ll just be looking to go long at the bottom since there’s not much more left to go on the downside.
If all goes well we should rally into Monday, possibly Tuesday to top on this bounce. Then back down again with the 1536 spx zone being the next target. After that I’m expecting a multi-week rally (choppy though) most of July with an attempt made to hit the 1674 prior “lower high” but not take out the “highest high” at 1687 spx.
This should take us into late July and early August. Then I’m expecting a very large wave 3 down (a mini-crash/panic wave) to go hit the 1440 spx zone (give or take 20 points). If all goes well then we’ll see that happen in the first week of August.
New post… http://reddragonleo.com/2013/06/22/the-mini-stock-market-crash-on-the-day-of-satan-monday-june-24th-2013/#disqus_thread
QQQ Weekend Update: http://niftychartsandpatterns.blogspot.in/2013/06/qqq-weekend-update_22.html
DHS insider warns of July
http://beforeitsnews.com/survival/2013/06/dhs-insider-warns-its-already-begun-youre-seeing-it-now-2478054.html
Glad to see you again Bill. I hope all is well now.
S&P 500 Weekend update: http://niftychartsandpatterns.blogspot.in/2013/06/s-500-weekend-update_22.html
I’m back! and the circus in DC has been putting on quite a show ever since my laptop fried and loosing my connection to you all. Glad to be back posting
Crude oil charts: http://niftychartsandpatterns.blogspot.in/2013/06/crude-oil-chart-analysis.html
It’s hard to believe but it appears we are going straight down to 1536 in one big wave. They certainly don’t want the bears to join in until the bottom. So I guess I’ll just be looking to go long at the bottom since there’s not much more left to go on the downside.
Good morning gang…
If all goes well we should rally into Monday, possibly Tuesday to top on this bounce. Then back down again with the 1536 spx zone being the next target. After that I’m expecting a multi-week rally (choppy though) most of July with an attempt made to hit the 1674 prior “lower high” but not take out the “highest high” at 1687 spx.
This should take us into late July and early August. Then I’m expecting a very large wave 3 down (a mini-crash/panic wave) to go hit the 1440 spx zone (give or take 20 points). If all goes well then we’ll see that happen in the first week of August.
ES Chart update: http://niftychartsandpatterns.blogspot.in/2013/06/es-chart-analysis_21.html