The futures are up again this morning as what appears to be a large B wave up in still in play. The "possible" FP from afterhours on Monday of 314.20 on the SPY might indeed be the target for this rally. However, there was another "possible" FP on the downside from afterhours yesterday. Most of these "possible" FP's are at levels that were the open or close from a previous day, which in many cases they turn out to be late fills.
This one is at 309.47 from around 4:45 pm yesterday. I do not see it hit today as it's pretty clear that the bears are likely trapped short and SkyNet isn't ready to let them out just yet. I suspect we are headed to the upside FP first and then maybe we drop to the lower one? Today I believe will be a "hold the line" day for the bulls as the market is short term overbought so they might not have much left in them on the upside without first taking a breather or rest.
If so, that leaves tomorrow for that move up to 314.20 (again, if it's real?). I don't think the selling is done though but it might just be over with for this week and then another drop can start next week. They don't make it easy on the bears as they commonly just drop it out of the blue with no warning so everyone misses the short. Once the bears have been woke up though they start squeezing them a little each day until they give up again and capitulate. That's what I see for the rest of this week. Have a wonderful day and may God Bless you always.
Yesterday did close to what I was expecting as it put in an early low and grinded up slowly the rest of the day. This kind of action looks and acts more like a wave 4 up with a 5 down yet to come (to complete the C wave of an ABC down) versus a true bottom.
So even though the market rallied up more in the afterhours/premarket session I'm cautious on how far it can go. It's right near those two premarket "possible" FP's from yesterday, so that's the first target I think.
But if it gets past there then I'd look for that higher FP from afterhours on Monday to be hit. I covered that in yesterdays post. Naturally I'm not expecting to see it hit today, but you can never underestimate the bulls. If too many "late to the party" bears short this open then a short squeeze could get us up to that higher FP by the close I guess? I'm not counting on it though.
However, if by some strange miracle it does happen (which would be around 28,000 on the DOW and the 3140 area on the SPX) I'd likely short the close. Why? Because it should squeeze out all the bears and have everyone flip back to bulls again... right at the wrong time. I'm still looking for a deeper pullback before this move down ends, so I don't think it's "off to the races" with more new all time highs coming from the first pullback low.
This should be an ABC move down, and we just in the large A part now, which subdivided into a medium ABC down I believe. It's the medium C that is the puzzle as it might have ended yesterday at the morning lows, don't know? But if so then we are in the large B up now, and it very well could go all the way up to the 3140 area if a powerful enough squeeze gets going.
After that I'd look for the large C down to hit a low of around 3040 to complete the ABC down. The more I look at this mornings current rally back up the less likely I think it's a small wave 4 up of medium C down, and the more I'm leaning toward large B up as in play right now. It could also subdivide but I get the feeling that it will be short lived... subdivided or not!
Meaning that if we simply hold this current move up all day and go sideways it will make a bull flag and will probably lure in some bears to short it. Then that last push higher for the squeeze could happen tomorrow to end the large B up by the close Thursday or possible at the open on Friday. I'm leaning toward this scenario currently. That's all I have for now. Have a great and blessed day.
Finally, the market breaks down. Of course I missed it. But that's exactly how SkyNet works. It makes sure the majority of traders miss the move and I fell into that majority. Naturally I was hoping for a bounce this morning so I could short it. But again, it's not bouncing and is going lower without me. Very frustrating for sure.
It's at a support level now from a rising teal green trendline, and it now made an ABC down if you count the afterhours sideways to slightly up move as the B wave. So, where does this C down end at I wonder? The next support below is the horizontal light blue trendline that's pointing to around 3020 right now. Will it drop straight there without a bounce is the question I wish I had an answer for, but I don't. Usually C waves are pretty scary with little to no decent bounces.
There's one afterhours "possible" FP on the SPY and two "possible" FP's in the premarket, and they all three are at higher levels. If the highest one gets hit (314.20) then of course the C wave down would be finished at todays low but if the other two are the target (311.49 and 311.64) then I'd just call that a wave 2 bounce inside the C wave down and expect lower prices still to come before this entire ABC down is finished.
If I were SkyNet and planned to take it lower I wouldn't bounce hardly any at all today and tomorrow I'd go up and hit one of the two premarket FP's at the open and then drop it hard again the rest of the day. But if I planned to make this the low for the first ABC down I'd need to run up to that higher FP over the next few days.
To fool the most sheep I'd stay weak all day long today and near the last hour I'd run it up to one of the two premarket FP's so the sheep will see it and short the bounce into tomorrow. Then I'd squeeze them tomorrow and run it up to the higher afterhours FP where they would throw in the towel and go long again. This might take until this Friday to reach, don't know? Then from there I'd start another ABC pattern down into late next week for that 3020 target, or wherever.
In both scenario's where I'm playing SkyNet most of today will be weak and holding near the low. One scenario supports this weakness into the close, then a gap up tomorrow to one of the two premarket FP's, and a rollover again. The other scenario suggests that rally up happens during the last few hours of today so the bears can short it and get trapped going into tomorrow as the market continues higher.
The third scenario would just be more down all day as the C wave heads for the 3020 area or wherever? SkyNet will just have to see how many people short this open I guess and decide if there's enough to squeeze or if too many bulls buy it and more down is needed to make them capitulate first. I have no clue which will play out but those are the clues I'll be watching for today to decide what's the next move. Good luck and may God bless you (I need it as trading this snake is very hard... LOL).
Welcome to December. Last night the futures were almost 10 points but now they are around flat. But they are still holding the rising trendline in yellow, so there's no damage done on the bull side yet. I'm not sure what to think about today as while we all know a move down is coming there's just nothing in the charts currently to tell us "when" the move will start. It's bullish until it's not... basically. The only clue left is the FP on IWM, which is still a little over 2 points higher and has not been hit yet.
But will it get hit before the correction starts or later near the end of the year after that pullback and move back up for a higher high... that's the real question? Today I'm going to focus on the DOW as it's currently holding that even number level of 28,000 and I get the feeling that if it goes below (and closes) then we'll be doing the correction first and the FP on IWM won't be hit until the next rally back up at the end of December.
History doesn't really repeat like you maybe have heard, but it does rhyme from time to time. So I'm not expecting another large drop into Christmas like last year, but pullback is looking more and more likely to happen beforehand, and that will likely wake up the bears and get them shorting it way too much, which will limit the move down as well. That's all I have for now. Have a great day.
I hope everyone had a great Thanksgiving and your belly didn't explode from overeating yesterday. I know I gained 2-3 pound but the food was soooo good! Anyway, today is a half day I believe, closing early around 1pm EST if I'm not mistaken. I don't expect much action today so no long update. Wednesday gave us a rally into the close but afterhours around 6pm EST there was a sharp 10 point drop, and since then it's been going mostly sideways with some of the move down recaptured.
For the bears it suggests that there will not likely be a good short over the weekend, and I"m happy with that as I don't like the time decay. I say that because I don't expect much more then sideways chop again today, and until that upside FP is hit on IWM I'm not interested in any short. The only thing that might change my mind on it is if the DOW were to close back under 28,000 anytime in the next few days.
It would then suggest to me that the FP on IWM won't be hit until the end of the year and pullback is coming in early December first and the that final squeeze up into the FP to top it all out and close out 2019 on a very bullish note. I'm 50/50 on whether or not we just go on up early next week and hit the FP and then rollover, or we pullback first and then back up to hit it in late December. I'll let the market tell me what it wants to do as I'm fine with either. The clue again will be the strength (or weakness) in the DOW.
That even number level of 28,000 is very important. So I'll be watching and waiting to see what the market gives us. But again, I don't see any short setups for the close today. So have a great weekend and be ever thankful you are so blessed by Jesus to be alive and well and have all that you have. You could be living in Africa and have no home, no job, no food and no hope. Gambling in the stock market (even when you lose) is still a blessing as you have extra money to do so, and most of the world doesn't. May God continue to bless us all.
Not much to say today. It should be a slow one since it's the day before Thanksgiving. I'm more interested in how it closes... red or green. And then the more important day is Friday as I'd love to see another nice move up to close green and tag that FP on IWM. I'd then be interested in a short as I fully expect there to be a pullback next week before some year end Christmas rally takes us back up higher. We are really close though to reaching the FP on IWM as well as Oscar Carboni's DOW targets.
Not so close though on his Dow Transports levels but maybe that will be hit at the end of December, who knows? Nothing in the stock market, or the world for that matter, works logically. We have fake news for sure, but we also have a fake stock market and fake space program... and many, many other fake things out there. So don't try to make sense of it as that's impossible. I just try to listen to the crowd and do the opposite.
Right now the crowd is still bearish I believe but leaning bullish. So another rip higher is needed and I hope to see it happen this Friday. That's all for this update. Have a Happy Thanksgiving and never forget that not only is satan real (we see it all the time now with their hand signs and hollywood ritual events), so is God and Jesus. May he bless you and your family this fun eating time tomorrow.
Well, we finally saw the breakout on IWM yesterday as it ripped up much higher on a percentage basis compared to the rest of the market. Looks like it's on its way now to the FP from back in July. Once hit I suspect that will be the high for the year, which should put in the DOW in the 28,500=29,000 area I'd guess and the SPX could be over 3200 or so.
I doubt if we see much more upside today, at least compared to yesterday. From here a slow grind up is more likely then another face ripper. I'd hope we would have fell back to the "possible" FP on the SPY of 310.31 yesterday but the market opened up higher and kept on climbing. Last night around 9pm EST we saw the futures spike up higher and that has put in the overnight highs on all the markets so far, as it was a short lived move.
On the ES that level was 3145 and we are currently below that by around 10 points as I write this morning update. I don't expect much today but some sideways action to more up as light volume will be expect today, and especially tomorrow with the markets closed for Thanksgiving on Thursday. Many "turns" in market happen around holidays, and the IWM is close to its FP from July.
So after its hit, which could be this week, I do think we'll see a nice pullback put in and a possible for for the rest of the year. But as for today I just don't see much action as the big squeeze happened yesterday. Today is just a "hold the line" day for the bulls with trapped bears below. So I'll end this update early as well as there's nothing much to do but wait on the hit of the upside FP on IWM before even thinking about a short. Have a blessed day.
P.S. Looks like Oscar is going to be correct again on his year end targets...
The futures are up some this morning after gaping over a falling green trendline this weekend. They have been riding a yellow rising trendling since about November 4th or so, which is pointing to around 3100 today. The green falling trendline will likely meet with the rising yellow trendline soon, like possibly today before the close? There was a "possible" FP afterhours on the SPY of 310.31 around 4:49 pm, which is about 3103 on the ES/SPX.
That would be my downside target today if the market does pullback, which is hard to say for sure with this being a holiday week. If it does drop some today that FP area is around the level the two trendlines would meet, so there's some decent odds of it happening today. After that I'd expect more choppy and churning until after Thanksgiving. That's all for today. Let's see what happens. Good Luck.
Looking at this 60 minute chart of the ES Futures this morning it's starting to look like a bear flag pattern to me, which if it breaks down I'd look for support at the prior multi-day lows in the 3075 area or so (light green slightly rising trendline). My guess is that it breaks down today or Monday and then reverses back up into next Wednesday where we could get a double top or slightly higher high... don't know?
But it would be the perfect setup on the bulls this time around instead of the bears and the typical squeezes. I'd look to short it most likely if this pattern plays out as I'd expect a nice move down to start right after Thanksgiving that the bulls won't see coming. Back on the short term I'm certainly considering a short today with this bear flag pattern looking good for a move down either today or Monday.
After that we'll play it one day at a time. Nothing much else to add today other then the fact that the market is continuing to churn and today will be the 15th day in a row of it from the looks of things right now. Meaning as long as there's no big move up or down this churn pattern should continue. If the drop comes today to that support area below that could end the streak, but a move up into the close to erase a lot of that move down could keep it intact.
So if we drop today then root for a recovery into the close. If we drop on Monday then I'd hope it happens early so a bottom can be put in where a move back up the rest of the day and into Wednesday can follow. Have a blessed weekend and may God always watch out over you and your family as Thanksgiving Week starts.
On this 4 hour chart of the ES it looks like yesterdays drop was just a blip when compared to the rally up from the end of September, but it felt like something more watching it on a 5 minute chart. Maybe it's an A wave down and we are in the B up today, which would suggest a C down to 3060-3080 would be next.
It's hard too know for sure as tops are almost impossible to predict. There are still higher levels yet to be hit but that doesn't mean we go straight up from here. I'm just not interesting in gambling on a short. I'll wait until I see a better odds setup, which I'm hoping with appear the day before Thanksgiving.
Until then the market just needs to continue stair stepping higher with some pullbacks that get bought back up by the close each day. Nothing huge yet... please! I'd rather get a big sell signal to setup instead of this teasing of the bears. Anyway, I'll end here and keep this update short. I don't see anything yet to get excited about, just some nice intraday moves for daytraders. Have a great day.
Still riding the moving averages up in a stair step method upward, and I still think this will continue into Thanksgiving before topping out. I'm guessing we need about 3160 SPX/ES or so to be equal to the 28,500 area on the DOW. IWM has been holding up quite well the past several days and is still in a bull flag pattern. There needs to be a breakout on it soon if it's going to hit the FP level by next Wednesday.
Sometimes you doubt FP's and I could certainly say I'm having my doubts on this one. But with higher targets for the DOW and SPX still out there and not yet met I remain positive about the FP on IWM being a real one and getting hit. Today looks weak but doesn't look like it will breakdown hard or anything.
It just looks like overbought short term charts resetting for another move higher tomorrow or Friday. I had thought that we'd hit all the upside targets around the last day of the year after the Christmas rally started, but if this continues to grind upward then we could hit it by mid next week, which would suggest another ugly Christmas is coming as these levels are the highest levels I have for the market.
I will add that we should all pay attention to the NYA as it's getting really close to hitting a double top from its all time high in January of 2018, and may want to do so before the rest of the market tops out? So that's several reasons that the market isn't likely topped out yet. Now this does NOT exclude a pullback before then and the final ramp up late December as I speculated on earlier, but it's currently not looking likely for that to play out.
Its so overbought on larger time frames that I suspect any pullback here (before reaching those upside targets) would result in a multi-month drop to a lot lower levels then it would be possible for them to turn it back up and hit those higher targets by the end of this year. In other words, the bulls are "fully committed" here to reaching the goal line and there's no more "time outs" left. It's "do or die" time for them. That's all I have for today. May God Bless You (especially if we enter a recession/depression next year).
Yesterday just shortly before the close my website went down. I sent in a support ticket to my hosting company but as of right now (Tuesday morning) it's still not back up. So I'm getting on the chat with then now, and if I get to post this morning update then you'll know they got the website back up. Usually they fix it pretty quickly so I shouldn't worry I guess.
Not much to add anyway as the market continues to climb the wall of worry again today. If it can continue right into the last trading day in front of Thanksgivings, without having any large pullbacks and big volume days, then odds will shift quite a bit in favor of the bears.
Again, I would not be surprised to see a drop start right after the holiday, which part of it should be on Friday November 29th and continue into Monday December 2nd. Then a bounce from the buy the dippers I guess the rest of that week. It's too early to try and figure out the day to day moves beyond the first drop, which is hard enough to predict by itself.
This is just my "best guess" based on several things I follow. If you are a bear then you should root for the market holding up and not collapsing until after Thanksgiving and if this happens the way I've described then we should have conformation of a bear market starting there afterwards.
The futures are up small this morning as the churn and grind higher continues. There's no sell signals in sight right now but we could get one later this week. However, with the Thanksgiving holiday starting next week I really not expecting any big drops in front it, but afterwards I could... meaning it wouldn't surprise me to see a surprise drop happen next Friday or even Monday, December 2nd.
This week though doesn't look like much is going to happen. If it does then it will certainly be a surprise as there's nothing in the charts that I can see that can be used to predict it in advance. The move down that I (and many others) was looking for (to around 3000 SPX) isn't on the table anymore. I guess they decided to top it out early in late November or early December instead of doing that pullback and then back up into the last trading day of the year like the normal pattern.
The upside targets are still the same, around 28,500-29,000 on the DOW, but most importantly the FP on IWM. If that's hit the last trading day before Thanksgiving then it couldn't be timed out any more perfect in my opinion... at least as far as "Big Surprises" happening. I'm going to stick with that for now and just play the waiting game. No more shorts for me, or longs... just take a bear nap until it finally topped out.
If the market doesn't make it there (I'd be really shocked) and sets up a sell signal prior to then, of course I'd short it. But I don't see it happening right now. I expect some more extremely light volume days with some closing green and some closing red, but nothing big either way. Have a wonderful day, and my God always be with you.
I'll keep today's update short gang as there's not much to add. The market continues to grind higher a little each day. Futures are up this morning but not as much as last night. I don't see anything bearish today but I do suspect this will all change by late next week. I covered my thoughts yesterday about how the market makers will manipulate the market to push the VIX down into expiration, which is next Wednesday for this current November contract.
I don't know if they will do a small wave down on Monday or Tuesday and then back up into Wednesday to setup the market after that for a C wave (or wave 3) down. Maybe they do, or maybe they don't? I'm not interested in those small waves anyway. I'm just looking to catch the move down after Wednesday, which it might start that day or Thursday/Friday... not sure?
It's the Thanksgiving holiday kick off after next Friday so I wouldn't be surprised if they don't drop it the week of Thanksgiving when a lot of traders will be away from trading. We've seen this before where down moves are timed around holidays to catch the most people off guard, so another one wouldn't be a shocker to me. So I'll be watching for a good shorting entry between next Wednesday and Friday and hopefully we get a confirmed signal as well. Have a wonderful weekend and may God bless you.
Not looking good for any pullback this week. There was a breakdown yesterday intraday but it was short lived. It's pretty obvious the market is being held up. The rise wedge has been broken but there's not been any big move down yet. I still think it's coming. Odds for a pullback are much stronger then odds for another face ripper rally of 100 points plus.
But WHY are they holding it up? We discussed in the chatroom yesterday how it's common for the market makers to manipulate the market up (or sideways) into the monthly options expiration on the VIX... which I mistakenly thought was yesterday since tomorrow is the third Friday and therefore the monthly options expiration for the SPY, QQQ, IWM, DIA, etc. But I was wrong as yesterday was only the second Wednesday of the month and the VIX contract expires on the third Wednesday, which is next week.
So while I wish I could tell you that the market is fairly traded and you can learn technical analysis, elliottwave, fibonacci levels, trendlines, moving averages, macd's, stochastic's, cycles and every other method known out there, which would then allow you to make money honestly... but it's NOT allowed. It's a rigged game that while all those things help with forecasting the next move in the market they only work some of the time. If the market was fairly traded then we'd already dropped for that pullback.
In fact, I'd go so far to say that if the monthly VIX contract expired yesterday that we'd be down today and starting that correction. But it's not until next Wednesday so the market makers will keep this market up so the VIX stays low into expiration. It's a common theme each month where they sell naked calls on the VIX to collect the premium. All they have to do is to drive it down into options expiration and hold it there so all those calls expire worthless and they get to keep all the money.
I need to write a post-it note and stick it on my computer so I remember this as it's a repeated process many months of the year but I sometimes forget about it. Anyway, for today I (again) don't see much happening. The market is grinding sideways, being up small or down small every day this week. At best we might get a move down to around 3070 by the close on Friday, but I wouldn't count on much more then that... if we get it at all?
I picked that level based on the support formed over the past several days around that zone. Resistance overhead is around that 3100 area, but really it's more about rising trendlines from channels... which the market is currently bumping into. Either way, I don't expect much more on the upside today or tomorrow, even-though I still see much higher prices... just not before a nice pullback first.
Then into next week there shouldn't be any big moves until after Wednesday as that's when the new VIX contract will start and market makers will want to repeat the process of driving it up during its first week of existence to sell calls at higher prices again. Then they will drive it down into December 18th, which is the third Wednesday and expiration of that month. Rinse and repeat it seems. Have a great day.
Interesting day yesterday as the market decided to rip higher the first hour and then gave it all back by the close. The SPX/ES managed to tag the even number level of 3100 finally but the SPY fell short by one penny with a high of 309.99 (the number 9 equals "completion" in numerology). The DOW closed flat and most of the other indexes were up a little as well. This morning though the futures are down some and finally out of that rising wedge.
That doesn't mean it's just going to fall off a cliff here but it's a good start. I'm still in the bearish camp here as odds favor a decent pullback here versus another strong rally up a lot higher. My thoughts are that we drop to that 3000 zone by this Friday. Bold forecast, I know, but this market needs a little scare to wake up the bears. Will we hit it? Probably not, but maybe it just gets delayed until next week instead?
Possibly we never get the pullback until the final high is put in (via the FP on IWM)? It's hard to think we'll keep going up without any pullback though. The volume each day has been so low that it's clearly NOT the big boys buying, nor the sheep. It's just the bots playing ping pong with with other I guess. There no bears left to squeeze either or we'd see it in the volume... and without them there's no buying.
There's just a few groups buying this market each day, and that is the insiders (Goldman Sucks and company), big hedge funds (that usually just follow what the insiders do), mutual fund companies (for the sheep's 401k plans, but they can't "usually" short... only go long), and lastly is the traders (which one could call the sheep as well). I'd add in the Fed but they don't directly buy up the market but instead give it to the insiders (the big banks again) and they do the buying. But those banksters aren't in the business to lose money, even if it's given to them freely from the Fed.
So while I'm sure the Fed would love for them to buy the market everyday we all know that's not the case. They buy it up big time at the bottoms and keep buying as it goes up, but less and less the higher it goes. We see that in the volume candles for each day. Once it gets too high they completely stop buying.
Of course they tell the Jim Cramers and the other scumbags like him to buy at the top. It's always the last 20% or so of a rally. They tell the sheep to sell at the bottom too, which is how the insiders get to buy it up cheaply. I'm over simplifying it... true, but this does happen. It's the traders (the sheep) that get caught on the short side over and over that are used to squeeze the market up higher. Negative news is put out all the way up from the bottom so the rally can last longer and go higher.
But at some point the bears give up and stop shorting, which is exactly when the market tops out as the insiders sure aren't buying the high, and with no more sheep left to fleece the market must either float sideways or pullback. We are in that "float sideways" pattern right now. It's a period where you just don't know what the next move is going to be, but you get clues from the propaganda machine as if they are mega-bullish then you know the market is ripe for a drop, or if they are still pumping the bear side then you know they are just luring in shorts to squeeze it up higher when they get enough.
Many times the next big move will be centered around some important news event, and of course we have the impeachment crap going on this week... perfect. Anyway, I've rambled enough. I have no opinion on today. It could turn back up or continue down... don't know?
But it would be nice to see a series of wave 1's down and 2's up setup today and tomorrow so a nice wave 3 (or C) could happen on Friday. Well just have to wait and watch. I still have a very small short position on, but I have zero sell signals yet (or buy signals). Have a great day and stay warm for those in snowing areas.
Looks like today is going to start off as a mostly flat day from the current look of the futures. This market is just waiting for some trigger event to move it hard and fast in one direction or the other it seems. Will that be the impeachment witch hunt tomorrow and Friday? I wish I knew but right now it feels like both bears and bulls are being put to sleep. However, the bullishness still out there is quite high and that suggests the next move will be down, not up.
Yes, there's a bull flag, and yes we are above all the moving averages... but don't be shocked if instead the market has a sudden drop before this week ends. I'm a bull up to the FP on IWM going into the end of this year, which is about 3200 on the SPX and 28,500 or so on the DOW. Short term though I'm a bear as I just don't see this going up another 100 SPX points with such uber bullishness out there right now.
Yesterday I took a small short position and will look to add another one at some point this week. If it drops before I add it then at least I'll have something, but I'm hoping we get some kind of sell signal pattern setup within the next few days. With this impeachment show set to start tomorrow the market might trigger that sell afterwards, or maybe it waits until Friday?
So far it is doing a nice job of trying to setup as a slow sideways grind for many days in a row, up at all time highs, is perfect for getting the bears to capitulate and the bulls to go "all in" expecting the bull flag to rocket the market much higher soon. Sorry, but I just don't see that happening right now. I'm not taking big shorts though either as I know how rigged the market is for the bulls, but I did risk a small one as I already mentioned.
Anyway, not much to add as we are clearly in the eye of the storm right now where everything is quiet and peaceful. But the winds won't stay that long forever. May God bless you and keep you warm if the cold weather has reached you as I went from sunny and 65 degrees yesterday to 27 this morning with an inch of snow. Thank you God for my fireplace. LOL.
The futures are down some this morning and appear to be out of the rising wedge by just a hair, but one could argue that it's still inside the wedge as well. So I wouldn't make too much out of it right now but will be keeping a close eye on it to see what it does today.
It's not a holiday for the stock market but it is Veterans Day, so light volume should be expected. Not that we haven't already had light volume these past few weeks but it might be even lighter today due to the holiday. The market is ripe for a pullback here but timing it out perfectly isn't easy. I'd like to see it turn back up today and close green with a slightly higher high, which if that happened I'd likely short the close. But if they close red today and stay weak all day as well then my thoughts will be that the bulls are just resting and resetting very overbought short term charts today so they can attempt another move higher tomorrow or Wednesday.
It's a tough call for sure as just when you think you've seen the last thrust higher there's one more left. My thoughts are that they (the bulls) will have to exhaust themselves before any nice pullback can happen. This tiny pullback today is the bulls resting instead, and that's not what I wanted to see this morning. I was really looking for a gap up of 10+ points and continued slow grind all day into the close. I would have shorted it then, but now I'm not so sure?
When the bulls take a break it's always bad for the bears, as then the bulls stretch it out longer and take it higher then the bears can handle... which of course results in a lot of them getting squeezed out of their short right before the drop starts. This is SkyNet as its best! If I do decide to take a short I'll post it in the free chatroom of course. But right now I'm not liking the open. I really wanted to see a nice green close with (preferably) a new all time high again... at least on the DOW. Therefore at this point in time I can't tell you anything about the next move.
But for this week there's some pretty good odds that we'll get the pullback started. Again, I'm looking looking for 3000-3020 on so on the SPX and about 27,000 or so on the DOW. Possibly it hit by this Friday? Or it gets pushed out into next week? Again, too early to get a better feel for it. I just know there's very good odds of it happening soon. Happy Veterans Day.
Looks like a another boring day as the futures ride the rising trendline this morning before the open. As long as it holds I wouldn't expect much to happen, but if it breaks down a big drop should happen. It's a rising wedge pattern and I fully expect a pullback to close to 27,000 on the DOW after it breaks. Will that be today, or Monday or Tuesday... I just don't know?
There's not much room left on this wedge as it's getting tighter and tighter at the APEX. So I'm looking for a nice surprise drop to happen in the next few days but I can't say what day it will happen, just that it's most likely within 1-3 days. On the SPX/ES I'm guessing that will be in the 3000-3020 area, maybe deeper? Bottom line here is that the market is rip for a fast drop out of nowhere, and it should happen after this rising trendline (in a rising wedge) breaks down.
I'm sure the market makers have a level already planned to pin the SPY at for the close today, so maybe it's not to their benefit to drop it now but hold off until next week? Monday has options expiring to, but Tuesday doesn't, so if they can hold this rising wedge until the close on Monday I wouldn't be surprised if it didn't fall hard Tuesday.
Since most of these moves do happen in some kind of wave pattern (usually the C wave is the big one) we could fall out of the wedge today for the A down and back up into the close and/or Monday for the B wave... then drop it hard on Tuesday for the C down. Just speculating but we are very close to a nasty and fast drop. But, I don't think the top is in yet for this market. I still have a higher level I expect it to reach by the end of this year. So once this nasty drop ends I'll be looking for that final rally to start. That's all for today. Have a great weekend.
Here's a guy who just speaks his mind and doesn't take sides on the left or right
I think of it like this.... the banksters know a collapse is coming, and they know it will happen around 2020-2021, so if they put in a president that "appears" to be opposing "them" and their satanist agenda then all the sheep will flock to whatever that "fake good guy" president says, along with all the policies and changes he makes. But what if those policies and changes are EXACTLY what the banksters really want?
I know from years back that they want a "One World Currency", (like a crypto one, but they control it) which many speculate is the SDR (special drawing rights), and if the economy does indeed collapse, and put us in a recession/depression, the Federal Reserve Bank will not be able to bail us out.
Why? Because in the 2000 recession the banks bailed out some big funds, then in 2008 the Fed's bailed out the banks as each crisis got bigger in scale. This time around the Fed themselves will need to be bailed out. Who can do that?
Only the IMF (International Monetary Fund), and what will be the conditions? My bet is they say that the US Dollar will NO Longer be the world currency and the new SDR will be.... which is EXACTLY what the satanist banksters have wanted all a long. If Trump supports this then we all know that he indeed is just a wolf in sheeps clothing. I like Trump and hate Hillary but the lack of him to believe in and be saved by Jesus and God has made my wonder and have my suspicions.
Something just didn't feel right about how he won. I remember when Al Gore got screw by Governor Jeb Bush in Florida when George Bush and Al were running for president. The old "Chad" problem on the physical punch outs on the actual voter cards. I lived in Jacksonville Florida at the time and I heard local stories of certain counties that voted for Gore but the officials in that area decided to throw out all the votes by Black People, which was several 100 thousand voters if I recall. I doubt if it made the national news but locally I had heard about it.
I voted for Al Gore myself back then, as he seemed to be the "lessor of two evils". In the end though I doubt if it would have made much different who won as Gore later on started promoting the Global Warming Propaganda Lie, which then changed to Global Cooling briefly I believe, and now it's just called Climate Change. I guess the elite couldn't figure out whether the Earth was getting warmer or colder but still needed the scam to go on so they changed the name to a more neutral one. LOL.
Satan loses in the end, so I'm not to worried about it as God will stop it all when he decides to do so. More and more people are waking up to the fake news and constant lies by the main stream propaganda media machine and this wave will get larger and larger I think.
We should all know by now that the satanist banksters want total world control of everything and have plans in place that sometimes take decades or more to play out. Since they control the money it just boils down to using it to control the people. First it's the people in powerful positions, like Congressmen, Senators and Presidents. Those people are used to put policy changes in place to eventually control the people... aka, the "sheep", which is you and me.
They tell you in advance of their evil plans but few listen or care. Some years back a writer for the Rolling Stones magazine wrote an article about Goldman Sachs and their evil plans for staging the next big money maker (Climate Change). Here's a copy of it if you want read it.
Everything in the world is fake, that's what I've discovered
It seems that what I was told was good is bad, what was light is dark, what is up is down, what is round is flat, what is (insert your own two choices here). In the stock market, which is what I follow, I used too think it was fairly traded and that if I could get access to the same charting systems that the big boys have then I too could learn how to make successful trades. Boy was I ever wrong!
The stock market is a 100% rigged and planned years in advance. A super computer controls it (I like to call it SkyNet from the movie Terminator) and the fake news is used to get the sheep on the wrong side of the trade day after day after day. That's what I try to figure out each day of course, which I share my findings with everyone in my free chatroom, and daily posts I do as well.
Well, that's enough to get your mind to open up a little to all the sneaky ways the elite satanists trick us in everything we do or see in life. I haven't even touched on the medical establishment yet but hopely you have all figured that one out for yourself. Put simply, it's a business to make money on repeated TREATMENTS, and NOT Cures! If you want a cure you'll have to do your own research and probably grow your own natural plants as well. Why? Because the drug companies own the Herbs and Vitamin companies and will NEVER put enough high potency vitamins or herbs out there to cure you.
For example, the last I looked they recommended only 60 milligrams of Vitamin C per day. I knew that was a lie. In fact I've been really sick only 2 times in my life (besides when I was a kid and can't remember), which once was when I was around 30 years old and maybe around 40 the second time.
I had a sore throat, fever, sweating, head spinning, sneezing and coughing... pretty sick basically. So went out and bought vitamin C in a power form. I used a tablespoon and heaped it up as tall as possible on it, which was probably 10,000 milligrams or more I'd guess. I put it in a glass of water (tasted very bitter but I was so sick I would have taken anything at that point) and drank it. In fact I did that 3-5 times that day. I'd guess I took 30,000-50,000 milligrams of it.
What happen you ask? I got well. I did end up on the toilet though as when you take too much vitamin C you'll body will just push it out of you. I can't tell you what the proper amount to take is of course as your body will use whatever it can absorb I guess... and pass the rest out naturally.
I tell you this because had I went to a doctor they would have put me in the hospital for a week or two I'd guess, and pumped me full of drugs that don't work. I choose to use God's medicine and it cured me completely by the third day but I was feeling a lot better on the second day.
I could go on but I'm way off topic now from the title of this post and the video above that poses the question about Trump... is he really "one of us" or just "controlled opposition"? If Ron Paul or Ross Perot had won (both Christian men I believe) then I'd have more faith that good changes are coming for the sheep and the satanists really are going to be arrested. So while I'm rooting for Trump to really "drain the swamp" I won't be a believer until I see George Soro, Warren Buffet, Hillary (and Bill) Clinton, George Bush, The Rockefellers, and a ton of others publically arrested. I'd add Obama and his transgender husband Michael to that list but some are saying they are dead now... don't know?
The video has been taken down on youtube but it basically said he was found guilty of treason for many things, including his knowledge about the false flag event 911 and his failure to disclose it. He was said to have been executed by firing squad and letal injection for Michael. Why was the video removed? Is it true and youtube doesn't want us sheep to know about it? If true then that's a "plus one" for Trump.
I'll let you decide for yourself on Trump but all I can do is pray.
God Bless,
Red
P.S. I would cover the flat earth versus globe earth debate but it's a subject best for you do start researching on your own and make your own conclusions. However, I'll give you some questions that have me stumped and "wondering" why I can't answer them.
Why don't we have a 24 hour per day live feed of the globe earth from dozens of the satellites in space?
Why aren't there 100's of thousands of pictures of the globe Earth online for all to see?
Why don't we have a TV show that tracks the day to day lives of the Astronauts in the space station as they go out each day to refuel the 1,000-2,000 satellites in space (I google searched it and that was the lowest number I could find ) with rocket fuel and oxygen?
Why don't we have live views from the Earth showing the various satellites in space and news stories about them?
How does a satellite stay in perfect position for years without ever moving for space debris coming at it traveling at the speed of a bullet? (First google search is from NASA website and they state the track 500,000 pieces of debris orbiting the earth). I ask that question as Directv and Dish network have NEVER had a national wide outage since they started in 1996, which tells me they have never moved to avoid getting hit by a rock or something... not even once. (SideNote: I used too work for them both and have personally installed over 3000 dishes on peoples homes).
Why don't we just park a satellite over some country that they say is our enemy (the middle east, China, North Korea) to get 24 hour a day live feeds? We always hear the same problem... "the satellite went out of range" (really you mean the high altitude plane with a high definition camera went out of range).
Why haven't we been back to the moon? They tell us "they lost the data" and we are to believe they can't recreate it? Then there's less then a dozen pictures of the Earth from the moon, which all look fake to me with various different sizes of the continents on them.
Why do all the satanist elites travel to Antarctica (Hillary, Biden, McCain, Obama, etc...)? Could it be that there's really a land mass larger then all of North America as Admiral Bird said in an interview on TV back in the 1940's when he took a fleet of Navy ships down there after discovering it?
In the Bible God tells us that the Earth is protected by "the Firmament" and in this video a guy see's it (around 2:24 minutes into it) as he looks for Nibiru. Looks like a spider web force field to me. And I believe there are references to the "water above and below"... suggesting this firmament acts like water. That would explain how Doppler Radar and HAARP works as they both bounce frequencies all this dome like force field.
We know that Ham Radio operators have been known to speak with people in other countries as they bounce their radio waves off the ocean water, so clearly "frequencies" do indeed "bounce" off certain things that have reflected properties. You can do your own searching on Doppler Radar and HAARP but both use frequencies and bounce them off the dome (aka... the firmament).
I have other questions that can't seem to be answered with any real logic behind then as well. Here are a few more...
Why can't I see the curve of the Earth from inside a plane when I fly?
Why don't I feel the spinning of the Earth?
How is it that the Moon is smaller then the Earth (they say it's one third the size) and it is able to affect the Earths gravity instead of the Earth (the bigger object of course) affecting its gravity?
Why does the moon only move the salt water oceans up and down twice a day?
Why doesn't it do the same to fresh water lakes?
How is the moon so smart to only affect water (and just salt water) and NOT move people up and and down twice a day like the tides?
If the Sun is 109 times larger then the Earth then why do the rays disperse out left and right like a smaller object (flashlight) would do on a larger object (a living room floor, garage, etc..)?
Why do we only see one side of the Moon (the light side)?
Doesn't it rotate like they say the Earth does?
If not, why?
Why do airplanes NEVER dip their nose about every 5 minutes (traveling around 600 miles per hour) to go around the curve of the Earth?
How does the Navy see enemy ships 60 miles away (some say further) with "line of sight" when they should be almost 2,000 feet below the curve?
The entire Chicago skyline can be seen from the Canadian border, some 20 miles over a lake... how is that possible? It should be almost 200 feet below the curve, which mean you shouldn't see any buildings less then 20 stories high.
These are just many of the questions I'd like answered. I'm sure there are more. All I can say is "Trust nothing of what you see, hear, or are told" when coming from someone else. Trust only in the Lord Jesus and God in Heaven. Amen.
