I see us retesting the 1820 SPX low from last October, and I think that will happen before the end of September. Next week…tough call. But I suspect it will be very choppy (assuming Lucy doesn’t happen?) all week as the market tries to rally but gets sold off each time.
So by the end of the week I think we’ll see this oversold (very oversold) condition be worked off so we can have another big drop in early September. Big drops like this have to pause at some point and trick the bulls back in the market and the bears out of the market.
We rebound next week with the DOW going to 18000 and S&P to 2080. Then Friday 8/28 into Tuesday 9/1 down again to 2040. The big boys will be coming from their Labor day holiday and there will be no Shemitah or anything of a catastrophic. We rocket higher into year end to see the S&P at 2300 and DOW at 19000 level. Democrats wants an UP market into 2016 so that their stooges can be elected. Who knows we may get a FED head on Monday stating QE4 and the market blasts off!!!
One thing for sure… August 24th is just a few days away and “if” there’s going to be a move up to 110 on the VXX it would be caused by a false flag on that day. I only pray I’m wrong on that prediction.
I see us retesting the 1820 SPX low from last October, and I think that will happen before the end of September. Next week…tough call. But I suspect it will be very choppy (assuming Lucy doesn’t happen?) all week as the market tries to rally but gets sold off each time.
So by the end of the week I think we’ll see this oversold (very oversold) condition be worked off so we can have another big drop in early September. Big drops like this have to pause at some point and trick the bulls back in the market and the bears out of the market.
We rebound next week with the DOW going to 18000 and S&P to 2080. Then Friday 8/28 into Tuesday 9/1 down again to 2040. The big boys will be coming from their Labor day holiday and there will be no Shemitah or anything of a catastrophic. We rocket higher into year end to see the S&P at 2300 and DOW at 19000 level. Democrats wants an UP market into 2016 so that their stooges can be elected. Who knows we may get a FED head on Monday stating QE4 and the market blasts off!!!
You don’t think there is a possibility we will top there and then go back down? I’ve seen several predictions on this alternate scenario.
Maybe we will bottom in this Shemitah period: http://www.wnd.com/2015/08/harbinger-man-the-time-is-now-to-prepare/
Almost hit this FP high… http://screencast.com/t/hE78tI0U6
Extremely oversold… should have bounced yesterday but that’s what happens when they finally drop it, as all support breaks.
Tag of 1987 on SPX before brief bounce?
LOL…guessing this is an old photo 🙂
Not sure what to say here… but this hat looks good. http://reddragonleo.com/wp-content/uploads/2010/08/Dow4000.jpg
One thing for sure… August 24th is just a few days away and “if” there’s going to be a move up to 110 on the VXX it would be caused by a false flag on that day. I only pray I’m wrong on that prediction.