Saturday, October 24, 2026
Home Blog Page 51

ES Morning Update March 8th 2018

Red
-
0
ES Morning Update March 8th 2018

Well, the futures climbed out of the smaller triangle with the falling red trendline and rising yellow one. But they are still in a larger one from the falling black trendline and rising blue trendline, so we are still in the middle of nowhere it seems. There's also a falling orange trendline from the all time high that points to the exact 2760 area that the falling black one does... so resistance will be tough there.

As far as wave counts, it's too hard to tell? Are we in a 5th wave up that could take out the all time high or truncate with a lower high around 2830-2840 or is the whole pattern from the 1/26 high just a large ABC down? If that's the case then the A down ended on 2/6 and the B up ended on 2/27, which means we are in the C down now. Since they usually breakdown into 5 smaller waves the wave one should have ended at the 3/2 low and we are in the wave 2 up now. This is the most bearish as when it ends the wave 3 down of C down would be next and it should take out the 2530 low for sure.

But other more bullish counts have the all time as long year plus wave 3 up and the move down to the 2530 area low as the wave 4... therefore the wave 5 up should take us to new all time highs and be underway right now. From a technical point of view (using the SPX) I see NO Positive Divergence on the daily chart to suggest a low is in right now (which supports the ABC bearish scenario), and on the weekly chart I see still with a bearish cross, very overbought on its MACD's, making lower lows on its Histogram bars, and at the half way mark (around 50%) on the Stochastic (which is neutral), so this chart looks more bearish then bullish to me.

I will say that looking back at the daily chart over the last 20 years or so there 7 times the MACD's were below -300 (on some charts it's -30... don't known why?). The first 6 times where divided into 2's as the first drop in the MACD below -300 was followed by a higher low on the second drop. In that case the rally back up made a lower high of around the 78.6% Fibonacci level, and took 6 months to hit that peak and then 4 months later it made that higher low on the MACD. The next set of two lows below -300 took just one month in total (it was the October, 2008 crash low to the November "higher low" on its MACD).

The final set (of the first 6) was the 8/24/2015 crash low to the January 2016 low, which was about 5 months (and around 85% or so in retracement). With the first set being the 2000 crash, the second set being the 2007 crash and the third set being the 2015 flash-crash, one has to wonder on this 7th MACD below -300... will it be the exception and just rally up to a new all time high without ever making that "higher low" on the MACD's, or are we looking at another big drop in the market around 5 months from January to make that "higher low" on the MACD's and a lower low in the market? If this 7th MACD below -300 has an 8th one to follow then I'd look for a top between 78.6% to possibly 90%, which is between 2800 and 2850 (on the ES Futures, probably about the same on the SPX).

For today I can only watch as it's not fallen deep enough for me to get excited about a long, nor has it become clear enough to know when to short. If we continue up today I'd look for resistance from the orange and black falling trendlines pointing to around 2760 currently.

Is The Washington Post Comparing Trump To Kennedy?

Red
-
0
Is The Washington Post Comparing Trump To Kennedy?

John F. Kennedy was well known for having an affair with Marilyn Monroe.  Now everyone seems to be saying that Trump had one as well.  Whether it's true or not isn't important, what's important is how focused the main stream propaganda machine seem to be about it.

With all the attention on Trump having this affair with a very beautiful woman they can gets people's attention off of the pedophile rings going on both inside the main stream media and of course with the Clinton's, Bushes, and all the high and powerful leaders of companies as well as congressmen and senators.

It's exactly the reason they are attacking him over and over with every piece of dirt they can find.  Not that I'm supporting his affair but at least it was with a woman and not an 8 year boy (or younger) that this elite gay pedophiles are raping and killing in ritual sacrifices.

If you really want to know how deep this rabbit hole of corruption, pedophilia, fraud, theft, and ritual sacrifices you need to start following QANON (https://www.youtube.com/user/rmswill/videos) who tells you what Trump is really doing behind the scenes to save America from these satanists.

Here's the latest video:

And here's the Washington Post bashing Trump to the sheep will forget about Hilary and her pizza gate pedophile emails, as well as fraud in everything you can imagine.

 

Porn actress Stormy Daniels sues Trump, says hush agreement is null because he didn’t sign it

Adult-film star Stormy Daniels reportedly was paid to remain silent about a sexual relationship with Donald Trump before he was president.

Stormy Daniels, the porn star who says she was paid to keep quiet about her alleged affair with Donald Trump, sued the president Tuesday, asking the court to declare that her nondisclosure agreement before the 2016 election is void because Trump did not sign it.

In the lawsuit filed in Los Angeles Superior Court, Daniels — whose real name is Stephanie Clifford — said she had wanted to go public with the story of her alleged decade-old affair with Trump in the weeks leading up to the election. The lawsuit was first reported by NBC News.

Trump’s lawyer, Michael Cohen, and Daniels’s attorney at the time, Keith Davidson, negotiated what the lawsuit calls a “hush agreement” in which she would be paid $130,000. After delays and even a cancellation of the contract by Daniels on Oct. 17, the payment arrived on Oct. 27, 12 days before the election, according to emails reviewed by The Washington Post. Cohen said recently that he had used his own money to “facilitate” the payment.

The lawsuit suggests that Trump was aware of the agreement and that the money was intended to influence the election’s outcome. That intimation bolsters two complaints filed with the Federal Election Commission that say the payment violated election law because it was not reported as an in-kind campaign donation.

The lawsuit says: “Mr. Trump, with the assistance of his attorney, Mr. Cohen, aggressively sought to silence Ms. Clifford as part of an effort to avoid her telling the truth, thus helping to ensure he won the presidential election.”

Cohen has previously denied that the payment breached campaign finance law. But the lawsuit raises new accusations against Cohen, saying that “through intimidation and coercive tactics,” he caused Daniels this year to sign a statement denying the affair. The suit says Cohen has continued to try to “intimidate” Daniels into keeping quiet in recent weeks as reports about the deal and Daniels’s relationship with Trump have leaked out and Daniels has given television interviews.

Cohen did not respond Tuesday to a request for comment. Davidson, the attorney who negotiated the deal for Daniels, declined to comment.

The White House did not immediately respond to a request for comment Tuesday evening. A spokesman for the Trump campaign, Michael Glassner, declined to comment.

Gina Rodriguez, who has represented Daniels, referred all questions about the suit to Daniels’s new attorney, Michael Avenatti. He said in an email: “A Supreme Court Justice once said that ‘sunlight is the best disinfectant.’ And we fully intend on bringing as much sunlight to this matter as possible. Let the chips fall where they may.”

In the complaint, filed under Daniels’s real name — Clifford — the court is asked to declare the deal with Trump invalid and unenforceable, and it says Trump deliberately did not sign it so that he could later disavow knowledge of it.

A person familiar with the deal said it required the signature of Cohen or Trump, but not both. The person described as “buyer’s remorse” Daniels’s decision to sue 16 months after she was paid.

Appended to the complaint is a copy of the alleged agreement between Clifford and Trump, making the document public for the first time.

On Oct. 17, 2016, Cohen formed a limited liability corporation in Delaware that he used to send $130,000 to Daniels under her “Clifford” name, according to public records and a person familiar with the transaction. The lawsuit alleges that Cohen formed the LLC “to hide the true sources of funds to be used to pay Ms. Clifford, thus further insulating Mr. Trump from later discovery and scrutiny.”

The lawsuit landed on the same day that The Post reported that special counsel Robert S. Mueller III requested documents and interviewed witnesses about incidents involving Cohen.

Avenatti graduated from the University of Pennsylvania and George Washington University Law School, and founded the law firm Eagan Avenatti, LLP in 2007 with offices in Newport Beach, Calif., Los Angeles and San Francisco.

His website promotes Avenatti as an attorney, commentator and entrepreneur who has represented parties in cases brought against celebrity defendants, including Paris Hilton and Jim Carrey, as well as athletes, business executives and Fortune 100 companies. Avenatti “works closely with the press and media in connection with his legal practice — an area in which most lawyers falter and under-utilize,” the site says.

Avenatti has ties to Democrats. He gave nearly $6,000 to Democratic candidates in federal elections prior to 2008, including John F. Kerry and John Edwards when they were seeking the presidency. And according to his website, he spent five years working for a political consulting firm run by Rahm Emanuel, a Democratic operative who later became President Barack Obama’s chief of staff and is now mayor of Chicago.

“Somebody should ask the president and Mr. Cohen the following very simple questions: First, did Mr. Trump sign the agreement? And second, did he know about the payment and the agreement?” said Avenatti, reached by phone Tuesday evening. “These are very simple questions. The answers should likewise be very simple. The ramifications of the answers are significant.”

Karen Tynan, an attorney for the adult entertainment industry, described the suit as a smart move, avoiding the possibility of private arbitration.

“Stormy has got time to amend the complaint and add more causes of action in the next few weeks,” Tynan said in a message. “This is absolutely and unequivocally not a good development for Michael Cohen or the president.”

Now you tell me...

Should we be worried about some possible affair did 10 years ago or about fraud, corruption, and pedophile rings that have been destroying America for years?

Red

ES Morning Update March 7th 2018

Red
-
0
ES Morning Update March 7th 2018

Afterhours yesterday we saw a nice drop in the futures and then it's been slowly climbing back up every since. This puts the bulls in an interesting position as now they've boxed themselves into the Apex of a triangle with the falling red trendline and the rising yellow trendline. It makes it hard too figure out the next move once they reach the end of the triangle and are force to breakout to the upside or breakdown to the downside. We still have the obvious head and shoulders pattern but like I said yesterday, they are 50/50 at best for working these days.

Since I don't see anything clear in the charts (very common at ending points where the market is ready to make a big move one way or the other), I'll just talk about scenarios, which the first one will be based on the futures rallying up out of the triangle and closing green. If it can do that, and preferably take out yesterdays' high a little, but not go through the falling black trendline pointing to around 2760 today, then I'd become bearish and expect a nice drop to start tomorrow. So that would mean we'd need to see around 2740 up to 2760 by the close today.

If we instead close down hard today, breaking the yellow rising trendline of support, then I'd be looking for the 2647 prior low to be the target before even thinking about going long. In fact I'd expect first the rising blue trendline pointing to around 2680 to provide the first bounce and then it would have to breakdown to test that prior low... and it too would have to break forcing the market down to the 2600-2620 area for me to become a bull. That's a lot of things to happen all in one day... seems unlikely to me. But if it did I'd say it would be that C wave down everyone see's and would probably produce a strong bounce off of it.

The more likely thing to happen today is for the futures to grind up that rising yellow trendline all day to reach the Apex at the close or afterhours where the next move will then be determined while everyone is sleeping. SkyNet hates to let traders in before a big move so it commonly does them afterhours when few can trade. Overall, today looks like a tough day to trade as there's not likely going to be much opportunity for a great trade. I'd love to see a flush out to the downside so I could ride a nice bullish move back up... or some exhuastion move to the upside where I can ride a C wave down. But I just don't see either right now and will wait for the right setup before making a trade.

ES Morning Update March 6th 2018

Red
-
0
ES Morning Update March 6th 2018

Here we are looking at a strong move up yesterday that is putting in a clear (and very obvious) head and shoulders pattern. In my opinion they should remove that pattern from the patterns book as it rarely works anymore. I can't even remember how many I've seen in the past 10 years that failed hugely as they squeezed the bears shorting the top of the right shoulder looking for a collapse. I have to "mostly" ignore them for now and think the opposite will happen... aka, another squeeze higher. Now if you do go back and study prior head and shoulders patterns I'll bet that the right shoulder is always weak and smaller then the left shoulder.

For example, in today's case we see that this right shoulder rally has pushed through the falling red trendline of resistance... which tells me the pattern will likely fail. I think it needs to be lower then the left shoulder for it to have the best odds of working, and it should be obviously lower, not just a hair like where we are right now. It should have hit the falling red trendline of resistance and rolled over there for this pattern to work as then it wouldn't have give many traders a very good spot to short it... and of course for SkyNet to keep winning traders must lose.

So where does that leave us at this morning? The falling black trendline pointing to around 2767 or so will be tough resistance, but I wouldn't be surprised to see it broken before this rally up ends. Maybe not today but I do think this head and shoulders pattern will fail and at best we'll see a pullback from the falling black trendline but not some huge drop to a lower low like the pattern suggests. I think we'll breakthrough resistance and make a higher high then 2/27 before we make a lower low then 2/5. What this rally up appears to be in my view is a 5th wave up from the 2/5 low, and that implies it should go higher then the top of the 3rd wave on 2/27, so 2800+ is possible on this rally before another move down.

Anyway, for I see no edge or advantage for bulls or bears. This 6 hour chart looks bullish while the 60 minute chart is neutral to bearish. The daily on the SPX looks bearish but the 60 minute looks bullish. It should be a mixed day today with no strong moves in either direction... meaning we shouldn't see another 30+ rally today, nor a drop of the same. But a weak day today could be a setup for another strong move up tomorrow. Bears would rather see the bulls grind up all day and get overbought and exhausted so it will rollover tomorrow. Bulls should want to close down a little in the red to rest and reset short term charts for a strong move up again tomorrow. Let's see which one plays out.

ES Morning Update March 5th 2018

Red
-
0
ES Morning Update March 5th 2018

This morning we have the futures down a little but looking at the 6 hour chart tells me a turn back up is near. It's MACD is trying hard to make a bullish cross as it attempts to hook back up. It tells me could see a nice move up start as soon as Tuesday. However, the SPX daily chart is still overbought and doesn't appear to support a long lasting rally. It will put downward pressure on any rally I believe and most likely will just setup the market for another big drop. The "when" part is tough of course as we seem to be making a triangle pattern, and they can continue back up and down until they reach the Apex and breakout to one direction or the other. Currently the next break on the triangle looks to be down after a 1-2 rally that should hit the upper part of the triangle from a falling trendline pointing to around 2770 right now.

Of course if it busts through that then the triangle is most likely expanding as I still don't see a strong rally going high enough to make a new high. However, given enough time the bulls can wear down the bears (so to speak) and get the daily chart on the SPX oversold enough to produce a long lasting rally. I just don't see it happening in the next few days. It's really about time, and the longer the bulls can stretch this out (without making another lower low) the better their chances are for another rally up to a higher high. What they should do is to keep bouncing inside the triangle until the Apex (the ending point of it) and then do a quick drop to say 2600 or so to lure in as many bears as possible. Then the charts will be oversold enough to produce a long lasting rally. But right now I think they are still too overbought on the daily and weekly charts of the SPX for any rally to "stick".

A rally up today would be bearish going into Tuesday suggesting a strong move down to 2600 or more is likely next. And on the other hand a move down today to retest the low last week would be bullish going into Tuesday. One could look at this sideways action on this 6 hour chart as a bear flag but on the 60 minute chart it's an inverted head and shoulders... which one wins out? Anyway, for today charts are mixed. The futures act like they are trying to start a move up and SPX acts like it wants to go down a little longer. I don't have any good hints at which one will win today but it's starting off with the bears so far, but the day is long and anything can happen.

ES Morning Update March 2nd 2018

Red
-
0
ES Morning Update March 2nd 2018

The unexpected (by me at least) move down yesterday has now voided the pattern I was following. It started too soon and with the added fact that the pullback into the 2/21 low was so shallow compared to it's counterpart (which made a lower low then the 2/5 low) I have to just say the similarities are no longer. Now for today, the next level down of support is the falling blue trendline pointing to around 2620 or so.

Over on the SPX 60 minute chart we are already oversold but no turn back up is yet apparent. The daily SPX chart has us still overbought on the Stochastic and about neutral on the MACD's. So it's hard too say where we are going to stop and bottom at because there's a mixture of reading on the ES Futures and SPX Cash charts. I think we are close though and if we can close down a little today instead of huge like yesterday then we'll at least see a strong bounce start back up next week. I don't see a crash move down on Monday with a slight red close today.

Now if they ripped it up very hard all day long today then we "could" see the opposite happen on Monday. I say "could" as I really depends on how far and how fast this move up goes? If it happens (doesn't look likely) then I should have a better idea by the close today and will of course post my thoughts in the chatroom. For right now though it's just looking like a day where we drift down some more to find that sweetspot where all the bulls have been stopped out and the bus is fulled loaded with bears. At that point we should see a strong rally start. It feels like we are close to that bottom and rally but I'll really need to see it open and trade most of the day to get a better read on it. Have a great weekend.

House passes bill to “microchip citizens with “mental disabilities”..who’s next?

Red
-
0
House passes bill to “microchip citizens with “mental disabilities”..who’s next?


We’ve all been warned that it is coming, but as SHTFPlan.com's Mac Slavo notes, what is disturbing is that while technology surrounds us and *some* have concerns about privacy, most shrug at the massive amounts of data they are collecting about our lives, and the incredible level of control the system now has over each individual.

This bill passed, clinging to the broadest base of “good intentions” that it could muster, i.e. caring for those with disabilities and decline with age.

But in reality, it is a nose under the tent for a system that needs the ability to microchip dissenters, and to force cooperation on the part of the general population. In effect, everyone is now under their thumb with this, because anyone could doesn’t go along with the mass conditioning will be labeled ‘mentally –––’ and branded with a track-and-control chip. Game over.

At the first sign of suspicious behavior, or troubling social media profile, or a misunderstanding during an encounter, police and medical personnel – among others – will have the authority to declare someone ‘mentally disabled’ (or incapacitated, or temporarily insane, or unsound of mind, or whatever label is handy) just because they express discontent, anger or outage at the state of the world and political affairs. “Fake news” journalists can be shut down, and “conspiracy minded” individuals controlled… and of course, it will be abused. The tactics used against parents by CPS will be forged together with the creepy total surveillance of the fusion centers, etc. Potentially a very nasty police state.

This power will expand, and try again if it is slowed down or rejected. Whether it takes the form of an implanted chip, or a tracking number that is tied to each person, they will stop at nothing short of mark in everyone with identity tied to bank accounts, etc. They will insist you be on the grid in every way… and with this bill, they just got one step closer to controlling the future. All this has been foretold, and yet it is beyond anything anyone could have imagined.

Though the bill only targets those with conditions such as Alzheimers and autism, critics say the bill’s passage will open a “pandora’s box” of invasive government surveillance.

Six years ago, NBC Nightly News boldly predicted that all Americans would be fitted with RFID microchips by the year 2017. Though at the time, NBC’s prediction seemed far-fetched, the House recently passed a bill that would bring a micro-chipped populace closer to reality before year’s end. Last Thursday, the House passed HR 4919, also known as Kevin and Avonte’s Law, which would allow the US attorney general to award grants to law enforcement for the creation and operation of “locative tracking technology programs.”

Though the program’s mission is to find “individuals with forms of dementia or children with developmental disabilities who have wandered from safe environments,” it provides no restriction on the tracking programs inclusion of other individuals. The bill would also require the attorney general to work with the secretary of health and human services and unnamed health organizations to establish the “best practices” for the use of tracking devices.

Those in support of the legislation maintain that such programs could prevent tragedies where those with mental or cognitive disabilities wandered into dangerous circumstances. Yet, others have called these good intentions a “Trojan horse” for the expansion of a North American police state as the bill’s language could be very broadly interpreted.

“While this initiative may have noble intentions, ‘small and temporary’ programs in the name of safety and security often evolve into permanent and enlarged bureaucracies that infringe on the American people’s freedoms. That is exactly what we have here. A safety problem exists for people with Alzheimer’s, autism and other mental health issues, so the fix, we are told, is to have the Department of Justice, start a tracking program so we can use some device or method to track these individuals 24/7,” Representative Louie Gohmert (R-TX) said in a floor speech opposing the bill.

Gohmert’s assessment is spot-on. Giving local police the authority to decide who is micro-chipped and who is not based on their mental soundness is a recipe for disaster. Though the bill specifically mentions those with Alzheimer and autism, how long before these tracking programs are extended to those with ADHD and Bipolar disorder among other officially recognized disorders. Even the dislike of authority is considered a mental disorder known as “Oppositional Defiant Disorder,” which could also warrant micro-chipping in the future.

If these programs expand unchecked, how long will it be before all Americans are told that mass microchipping is necessary so that law enforcement and the government can better “protect” them? Many Americans have been content to trade their liberties for increased “security” in the post-9/11 world, particularly when the state uses these talking points. Yet, as Benjamin Franklin once said, “those who surrender freedom for security will not have, nor do they deserve, either one.”

ES Morning Update March 1st 2018

Red
-
0
ES Morning Update March 1st 2018

It's been a very nice pullback we've had over the last few days, and one that I really wasn't expecting to start until we got a little higher first. Now it's setting up a very obvious head and shoulders pattern, which from my experience fails 50% of the time. And that leads me to think we are going to run hard to the upside when this thing turns back up, and that should be today at some point. That suggests tomorrow we'll see a squeeze on the bears looking to short the top of the right shoulder, which might just morph into a run to 2800 or more to make the pattern fail and squeeze out the shorts again.

No doubt it's going to be tricky here as what is obvious to most will likely fail to play out. I'm not even sure yet that we are going to turn back up today? We could keep on dropping to that 2600 area into tomorrow and screw up the entire pattern I've been tracking for weeks now. In fact it's already veering off path quite a bit and unless we turn up today and rally hard into Monday the pattern could be a total miss. Right now we are one day off from that pattern I've been tracking but we need to turn back up hard and top out on Monday for it to stay on track. If we continue down today and tomorrow with a downside target in the 2600 area then the pattern will have failed.

The way the futures are trying to turn back up is a good sign that we'll rally into Monday and make a slightly higher high then the 2/27 high of 2790. Anyway, for today I'm looking for an early bottom and a move up to start today and might just do the "one wave up" early and "two wave down" later to setup the wave 3, 4 and 5 into Monday. As I write this the futures went from -8.75 to +1.00... LOL. Looking good so far for a rally to start today. And if it rallies for the next 3 days and tops on Monday (which would be the exact day in comparison to back then) then the bulls should be worried about the next 17-18 days afterwards.

Morgan Stanley: US stock slide was an “appetizer” with “main course” still to come

Red
-
0
Morgan Stanley: US stock slide was an “appetizer” with “main course” still to come

The Dow Jones Industrial Average index recently suffered two trading sessions when it lost more than 1,000 points. But American stocks may face a much bigger meltdown, warns banking giant Morgan Stanley.

“Appetizer, not the main course,” the bank’s strategists wrote, describing the beginning of the year for the Dow, as quoted by Bloomberg.

The main threat to the stock market is higher bond yields and not faster inflation, according to analysts. A slowdown in the US economy could also be a factor for a decline in stocks.

“It’s when growth softens while inflation is still rising that returns suffer most,” Morgan Stanley wrote. “Strong global growth and a good first-quarter reporting season provided an important offset. We remain on watch for ‘tricky hand-off’ in the second quarter, as core inflation rises and activity indicators moderate.”

Despite the two bad days, the Dow is still up 2 percent since the beginning of the year, erasing all the losses.

Many analysts are comparing the current situation on the US stock markets to 2008 in the wake of the global financial crisis. At the time, stocks also hit several all-time highs, despite warning signs of the impending turmoil.

A recent Bank of America Merrill Lynch fund manager survey for February showed that 70 percent of those polled said the global economy is in its “late cycle.”

WOW... a banker telling us the future!

Sounds to me like we are going higher in the market as we know "they" all lie through their teeth.

My guess is we have another pullback into March of 2018 and then up strongly into Spring/Summer of the year.  Then about the time they say it's over with and the market is back to being bullish I'd look out for the top.

Red

ES Morning Update February 28th 2018

Red
-
0
ES Morning Update February 28th 2018

Yesterday we rode the falling trendline for an hour or so and even had a quick "fake out" pierce move up through it. But then it rolled over and fell the rest of the day to hit the rising black trendline where I thought it would find support at... but it didn't. Instead it fell through it and found horizontal support from prior highs last week. This morning it's starting off looking pretty weak as short term charts are still bearishly aligned. My guess is that it will stay weak all day and might even rollover and drop to the downward sloping red trendline. Overall though I think it will turn back up tomorrow and into Friday for another "shake out" move to lure in some more bulls as it run up again and get the bears to finally throw in the towel on shorting. Meaning... I don't think the high is in yet for this move up. It may stretch out into Monday but I do think we aren't done yet on the upside... but very near it. If we close red today it will probably lure in enough bears to start another strong move up tomorrow. Possibly this is a wave 4 down of some degree? That would be my best guess at an Elliottwave count.

Now if we rally up to hit that falling trendline pointing to around 2780 today then I'd have to flip and say that tomorrow should be a down day. But if we stay slightly green or close down in the red (without breaking through that falling red trendline of support) then odds are good for a rally up tomorrow. Note that I've added a dark green rising trendline that will act as support today as well. Anyway, lets see who wins today... the bulls or the bears. Whoever takes today will lose tomorrow as a nice bullish move up today will setup a nice bearish move down tomorrow... and the reverse is also true. The exception to this would be if the bulls could get through the falling black trendline again today and make a higher high then yesterday. Then I'd expect that to continue into tomorrow (and possibly Friday) before stopping.

We've seen it too many times where the bulls don't pullback enough to let new traders get a nice long entry spot... which could happen again if they rally up again today and make another higher high. I'm not seeing it in the charts, instead I'm seeing weakness... like just riding the new dark green rising trendline up slowly today. Again, I'm overall bullish into this Friday and while it would be a great long entry spot if we closed red today right on the falling red trendline of support... but don't count on another down day today as bulls rarely let new traders get a great entry level and instead make them chase them higher and higher.

ES Morning Update February 27th 2018

Red
-
0
ES Morning Update February 27th 2018

This morning we have indeed hit the falling black trendline and stopped at it. I discussed in the chatroom that odds would favor a sideways pullback to make a bull flag instead of a regular move down, and that's exactly what is happening right now. I don't expect much action today but at some point I expect the bulls to bust through the falling trendline... maybe later today or Wednesday? The rising black trendline will be support if we pullback from the falling black trendline and lose the perfect bull flag. It's pointing to around 2765 or so it looks like. Even if it's hit I still see the market as bullish into the rest of this week. Could the high be in yesterday? Sure, but I doubt it. Odds favor more upside inside Friday before we shake out all the bears. It might be choppy getting there but that's fine with me. I just want to see some finally fast squeeze that last day to turn everyone bullish. So that's about all I have to add for today as we seems to be on track still for a high from this move by Friday or possibly next Monday.

ES Morning Update February 26th 2018

Red
-
0
ES Morning Update February 26th 2018

Good Monday morning to everyone. The futures are up nicely this premarket and they broke out of the small triangle they were in all of last week. If all goes as planned we should be heading up all week with some pullbacks along the way. The first pullback will likely be at the falling trendline above that is pointing to just a little over 2780 right now. But the big resistance will be in the 2800-2840 area, and that where I think we'll top out at by this Friday.

As to the question of "are we still on track as discussed a week ago on my weekend update?"... yeah, I think we are. While the depth of last weeks' pullback was completely off the "date to date" count was only a day off... and that's very close in my view. Comparing back then to this week suggests week top out next Monday March 5th but if we top out this Friday I think that's completely acceptable too.

For today though I'd like to see the market kinda weak, meaning it doesn't just open up and add another 20 points up on top of the 10 or so points it's already up. If it chopped sideways into the rising black trendline today or fell back to touch it early and then rode it back up later in the day then that would be ideal. The first few days this week should be bullish but not too bullish. Then the rest of the week we should see the squeeze happen that shakes out all the bears. We should get very close to the all time high so everyone assumes we are going to make another higher high... and that's when it should top and rollover into next week.

ES Morning Update February 23rd 2018

Red
-
0
ES Morning Update February 23rd 2018

Still in a choppy zone with no clear direction. This morning the futures are up a little but they don't give me any clues to the next big move. However, over on the 60 minute chart of the SPX cash index we have some clues to suggest a nice drop today could start. I'd want to see the futures turn red first they tend to rule the cash index. But if they turn down we could get a drop to that falling blue trendline, which is pointing to around 2670 right now. So it's not a "fall off the cliff" move but it's "could" still be a nice one. I think it's 50/50 on seeing that happen today as we've had a lot of down Friday's lately and it's about time to change the pattern.

However, if SkyNet wanted to trick the most sheep I'd keep the market up most of the day, try to juice it higher to the falling red trendline (pointing to around 2735 right now) and then drop it the last few hours of the day. I think the move up would lure in the bulls and have the bears take the rest of the day off, and then the drop would shake those new bulls out. Then they could gap it up next Monday and not look back for a week. It would trap any bears that woke up near the close and shorted over the weekend thinking it's going to crash. It's a tricky move and one that I'd do if I were SkyNet. Anyway, that's my best guess for today. Have a great weekend.

ES Morning Update February 22nd 2018

Red
-
0
ES Morning Update February 22nd 2018

Yesterday we saw a nice selloff into the close, which looked like some kind of wave C down to me. It even continued into afterhours but found a bottom late last night and has turned back up nicely. While it's still possible that take one more trip down again into Friday the odds are now starting to favor the bulls. On the 6 hour chart the MACD's have hit the zero area where turns are common, and they are attempting to hook back up this morning. They pierced the rising black line of support a little, as well as the falling blue trendline, but overall they have been using them as support. So while it's possible we continue down a little more into Friday odds are leaning toward a bottom for this down move having already ended last night. I'm not really excited here about going long as I'd rather wait one more day to see if there's another drop.

Basically if the move down from last Friday has completed (which it looks like a clean ABC move down too me) then we should be starting the next move up into around March 5th today. If that's the case I'd prefer to let this wave 1 up start first to establish itself and then look to find the bottom of the wave 2 down to get long at for the wave 3 up into next week. Currently this pattern is still tracking the pattern discussed in my weekend post pretty closely. For anyone that could not get an account setup on my site to get access to "Part 2" (the most important part, and the one with the video), I have removed the requirement to have an account. You can now just get the password from the first post and use it to read the second part. If you want to join the chatroom you will still need to have a free account and login. Just email me at "Red (at) RedDrgaonLeo (dot) com" if you are having trouble and I'll manually set you up. I really hope this pattern deviates soon but right now it tracking very closely.

Anyway, for today I'm expecting this early strength to continue as the 6 hour MACD tries to make it's turn back up. Resistance on this move up will be at the new falling pink trendline... which points to just under 2740 by the close today. If for example the low is in and we have started the move up into early March then we might see the wave 1 up end at the pink falling trendline, then the wave two down might be the retest of the rising black trendline pointing to around 2720 at the close today. We might see this all in one day, or it stretch's out into Friday? Either way I personally would like to catch the wave 3 up if possible. Good luck to all.

ES Morning Update February 21st 2018

Red
-
0
ES Morning Update February 21st 2018

Not much to add this morning that wasn't already covered in the weekend update, yesterdays post or in the chatroom. We are still on track for a move down into Friday. This move down could just continue as it has currently, which seems to be a slow drop, or change up some and have a quick bounce and then drop again. It's unclear which but a fake out rally is certainly possible here. So I'll keep this update short and will post additional charts in the chatroom if needed, but right now it looks like a slow move down into Friday is the plan. For the "when" part on the small bounce (that's if it happens) I'd estimate tomorrow based on the rising black support line coming into play by the close today.

ES Morning Update February 20th 2018

Red
-
0
ES Morning Update February 20th 2018

Good morning everyone. Hope you all enjoyed the long 3 day weekend. I think I did more work during it then during the normal week prior. As most of you know I did a new weekend update and video... the first in over a year, if not 2 years? I covered the outlook for the coming days and into March, which isn't a good one for the bulls should it continue on it's current pattern. While nothing is written is stone it's certainly a little scary how well this pattern is tracking currently. Plus, one of our chatroom members showed me a FP (fake print) he captured on VXX dated August 22nd, 2017 but he just now seen it popup... and only on his cell phone platform. Very weird to say the least. He posted it in the room yesterday and if it plays out then we'll be seeing some bulls jumping off a very tall building in March. If you haven't read the weekend update I encourage you to do so and to watch the video. Everything is covered there for the next 3-4 weeks.

Anyway, for today I'd guess we'll find support at the falling blue trendline after breaking the rising green trendline of support yesterday. The test will be whether the bulls can take it back up today/tomorrow to take out the recent 2754 high or not. If they don't then it's likely the move down this morning is some kind of wave 1 and the rally back up a wave 2, leaving a wave 3 down next on Wednesday. The bears have a big chance here to setup tomorrow to be a nasty down day. Failure here is not an option as if they let the bulls make another high momentum "could" carry them up to the next falling resistance level just under the 2800 level.

Bears should let the bulls turn this back up today and make a lower high then the recent one over the weekend so they can pounce on the wave 3 down tomorrow. Bulls will want to keep drifting down slowly on the falling blue trendline of support all day and turn back up tomorrow so they have more strength and therefore better odds of making another high. Which one will play out is unknown but if it continues to track the pattern I discussed in the weekend update then the important thing that needs to happen is that "One" the high of 2754 we just had a few days ago needs to hold, and "Two" we need to start going down (slow is fine but fast is better) into around this Friday, possibly Monday to put in a low (can be a higher low or lower low) where I'd then expect a very strong rally up to start into early March.

Is 2018 Setting Up A Stock Market Crash Or Inflationary Based Mega Rally-Part 2

Red
-
0
Is 2018 Setting Up A Stock Market Crash Or Inflationary Based Mega Rally-Part 2

[protect password="1987"]

It all started back in 2010 when I discovered the stock market was rigged!

On January 11th, 2010 I happened to check the end of the day price on the SPX and discovered something strange. The market was basically flat that day trading in a tight range with an intraday high of 1149.74 SPX and low of 1142.02, which was just barely over a 7 points swing. I didn't know anything about numerology back then but later learned the importance of the date and the numbers... which I will discuss later. What was showing up on the CNN Money site was a 97.70 drop that day on the SPX (which I started calling them "fake prints" or "FP's"), putting the low at 1047.28... almost a 100 point drop on a day that didn't move but around 7 points! Talk about a big mistake, this was a doosy and would been considered a flash crash back then! Of course I was a little suspicious about it and immediately thought it was a coded message for the insiders.

Low and behold just 25 days later (18 trading days) the SPX drops to hit that low and pierce it a few points before ripping back up for many months afterwards and finally topping out in April. Clearly this turned out to be a coded message to the insiders as to the coming low. This was also around the time I discovered the importance of Legatus events (http://legatus.org) as this was where the elite would meet and decide many things... including "when" to turn the stock market up or down. While every Legatus meeting wasn't a "turn" in the stock market many were. In fact the "pilgrimages" seemed to be the most important ones. Strangely there was a Legatus meeting between February 4th through the 6th of that year and the market bottomed right in the middle on the 5th... coincidence? I think not.

Ok, so that's all weird enough but after I learned (it was many months later) a little about numerology I went back to look at the numbers in that date and print. You see, the elite use numbers in everything and some of the most powerful to them are multiples of the number "eleven", and that would include numbers like 111, 1111, 22, 222, 33, 333, 444, 55, etc... as they are all dividable by 11. Of course the satanic number 666 or 999 (which is 666 upside down) is very important to them too. In fact they bottomed the SPX in the 2009 crash low at 666.79 just for that reason... to show off and gain power from satan because they control the stock market. (There apparently are about 5 different factions of the illuminati and the zionist are the one's controlling the market, but they all use numerology).

Getting back to that coded fake print...

First off you'll see that the date they put the print out for all to see was on the 11th of the month... next we see that the low target was 1047.28, which if you add the 4+7 together you get 11, then the 28 is 2+8, or 10. Now in numerology there's no "zero's", so they just drop them... therefore the 10 becomes just a 1, and the 1047 becomes 1011, or 111 (dropping the zero) and then all together it's 111.1, or just 1111. That's a clear code for the insiders that's the FP is a real one. To double confirm it they put it out on the 11th of the month. Insiders knew how to decipher the code and knew the low would be around the next Legatus meeting, but I was not a "member" of their satanic group so it took me many years (still learning) to understand as much as I do today.

In their rules of numerology the number 11 and multiples of it do NOT breakdown and are left as a whole number. You only add together the other digits to come up with some final number and drop out the zero's. It's tricky to understand and I certainly am NO master at it. I just have learned to play around with the numbers to see what they are saying. Then I look for further conformation with other stuff, like possibly a Legatus event and/or technical analysis and some Elliottwave.

Now if you think it's all bologna then look at this...

Later that year on May 6th, 2010 we saw a flash crash happen, but what was interesting was that it was foretold with a FP the night before around 5 minutes until midnight. I did not see it until after it happened so in the image below you'll see both the FP showing a low of 1056 on S&P500 Futures (Symbol is: /ES) and what happened the next day.

Here's another image of it on the one minute chart. You'll notice that 1056 broken down in numerology is 111, as you'll add the 5+6 to get 11, then put the 1 in front of it and drop the zero. The market dropped to almost that 1056 level the next day on May 6th, 2010 before bottoming and reversing back up hard and fast. Clearly this was another signal to the insiders.

There are many numbers used in the elites' numerology but 11, 22, 33, 322, 23, 666, and 911 are favorites I've noticed. They mix and match them and show them in television shows and movies. It's not easy to figure them out, especially for an outsider, but I do my best when I spot something of interest to note it and use it with other stuff to "try" and figure out where the market is going next.

Moving on to the current market and the "possible" near term moves...

On January 26th, 2018 the DOW hit a high of 26,616.71... which has three "six's" in it, and only about 50 points shy of being 26,666! This was a code for those that saw it. And for those that missed it there was the 666 point drop on the DOW on Friday, February 2nd 2018... another signal to the insiders.

The day before the top in the stock market we saw crude oil futures hit a high of 66.66 on January 25th... yet another signal to those "in the know". One or two times I'd call it a coincidence, but time after time after time I'd have to call it a coded message.

You know I told you that the elite use television shows and the movies for signals as well... right? For example the movies "Inception (2010)" and "Lucy (2014)" both had scenes in them where they showed a passport with the expiration dates saying August 24th, 2015... the date of the Flash Crash. If you were a real insiders you would have shorted the market the day before that and made a ton of money. That's past history for now but I wanted to give you proof on it anyway.

Ok Red, I get the message... now what else have you got for me?

Glad you ask that as it's time to move on to what I've recently discovered that has me a little worried about the month of March. First off I have to "make note" of things the elite say via some article or news story, and one of them is by Bank of America, which we all know is one of the banks on the "inside". Late last year they put out a warning news story titled "Bank of America: Flash crash in 2018 then war to follow", which I reported on my site (https://reddragonleo.com/2017/11/29/bank-of-america-flash-crash-in-2018-then-war-to-follow/). This got me thinking about 1987 again so I decided to study it some more as it was the worst crash year of the three they mentioned (1987, 1994, and 1998), and we seem to be tracking it better right now then the other two right now.

One of the things I like to do is to use a site called "Time and Date" (http://www.timeanddate.com) to play with the numbers as I know how much they are used by the elite to foretell the future. So I go back to look at the DOW in 1987 and here is what I discovered...

  1. The TOP was on August 25th 1987 with a close of 2,722.40
  2. The LOW on the first move down was on September 8th with a close of 2,545.12 (a 252.92 drop so far or 9.2%)
  3. Time from TOP to first low was 14 calender days.
  4. The first move UP topped on September 14th with a close of 2,613.04, which was a "lower high" and about a 55.6% retracement or so. (I'm not counting 9/1/87 as I'm looking for multiday bounce moves, not a half day or one day fast bounce that gets reversed thereafter)
  5. From the first low to that first rally high it took 6 calendar days, and 20 days from the TOP.
  6. Next the market dropped to a "lower low" of 2,468.99 on September 22nd before reversing hard that day to start the next move up. (a 277.71 drop so far or 10.1%)
  7. From that last high down to that new lower low took 8 calendar days and is 28 days in total from the TOP.
  8. The second rally UP topped on October 2nd with a high of 2,662.30, which was about a 70% move up from the second lower low and was a little higher then the first move UP was.
  9. This move up from the LOW took 10 calendar days and is now 38 days from the TOP.
  10. From that second rally high the market started down slowly and then faster until it crashed on October 19th and put in a slight lower low on the 20th before rallying back up hard to end the entire move down.
  11. That move down took 17 calendar days to make the entire move from the all time TOP high a 55 day pattern move with the intraday low the next day at 1,616.20 for a total drop of about 40% or so.

Now let's look at today's recent high to compare...

  1. The DOW topped on January 26th, 2018 with a high of 26,616.71
  2. It then fell to hit an intraday low of 23,360.29 on February 2nd, 2018 (a 3,256.42 point drop so far or 12.2%)
  3. From the TOP to the first low was 14 calendar days.
  4. The first move UP topped on February 16th with an intraday high of 25,432.42, a 2,072.13 point retracement, which is about a 63.6% so far... (I'm not counting 2/6/18 as I'm looking for multiday bounce moves, not a half day or one day fast bounce that gets reversed thereafter)
  5. From the first low to that first rally high it took 7 calendar days, and 21 days from the TOP.

So far the highs to lows are tracking fairly close... time wise I mean. I wouldn't expect them to be exact but to resemble each other a little if the same thing is going to happen in March of 2018 as it did in October of 1987? While I hope I'm completely wrong on this and that we DO NOT Crash I have to follow this pattern closely... and if it continues we should have a move down next week that about 8 days and puts us around day 28 from the January 26th all time high. The 28 day mark points to February 23rd, 2018 while the 8 down days from the bounce high is yet to be known as we could go a little higher Tuesday morning, or have topped on Friday?

While in 1987 the first drop was 14 days and in 2018 the first drop was also 14 days the move up in 1987 was 6 days and if we topped on Friday then it was 7 days up... a slight difference, but one that I'd expect to see so they wouldn't be too obvious.

In 1987 it the market was setting up a nice looking "Inverted Head and Shoulders" pattern with the first low being the "left shoulder" the lower low being the "head" and the slow move down that started the crash move being the "right shoulder"... that is, until it FAILED and made a lower low then the "head" of the pattern. That move down all started from the last important high on day 38 from the top. If you compare that to today it will point to March 5th being the last high (should be higher then this current rally but lower then the all time high) before the 17 day drop into the crash low. In total the 1987 crash took 55 calendar days and the 1929 crash took 56 days... very close if you ask me.

So where does this all lead us to today and is it really that close to suggest the same will happen again?

Normally I say that there's low odds of this happening again, but all those additional clues via codes with numbers and Bank of America waring of a crash has me very concerned. Then there's this... and I mean THIS! Yeah, it's a biggy that just can't be a random coincidence. I'm talking about how many days it is from the August 25th, 1987 high to the January 26th, 2018 high. If you don't count August 25th and start counting the day afterwards you'll get a total of 11,111 days from that top in 1987 to the top in 2018! Tell me that's just a coincidence and I'll sell you some oceanfront property in Kansas!

Now look, I hope I'm totally wrong on this but there's a lot of "code's" popping up in the numbers here that just shouldn't be ignored. You have a top on crude oil of 66.66, the DOW have a 666 point drop, 11,111 days from top to top, and if you breakdown the high in the SPX of 2872.87 you could say it looks like a code for 1987! Just add the 2+8 to make 10, drop the zero... then the 7+2 is 9, so you have a 1 and a 9 so far with a .87 left. Yeah, it's reaching and not really numerology but with all the other codes too this one could mean 1987.

However, in all fairness I haven't had time to compare today to 1994 or 1998 as I just don't have the time right now... and it's tracking 1987 fairly well right now. So I'm looking for some differences to appear between the current market and that in 1987, and that could be something as simple as a "higher low" setting up on the next move down next week instead of a lower low like on 9/22/1987... then another strong rally up that goes a little higher then this current bounce rally high. Maybe it takes a little longer to top and passes the 38 day mark of March 5th? It's at that point I'd be quite worried as the next 17 days the bulls will be sweating bullets time stamped 1929 and 1987! If the market can get through March without crashing I'll be a happy camper as I have other investments I'm in that really need a bull market or sideways choppy one to do well. A crash of that magnitude will be bad for everyone. But if it happens we could see some massive buying opportunities show up as inflation will surely follow... plus a war if Bank of America is correct.

If your head is spinning now... join the crowd!

There are just too many strange patterns, numbers and codes to completely refuse to believe that the market can crash in March. While I'm not a fortune teller and can NOT tell you for 100% sure that the market is going to crash I feel I needed to inform everyone of these information. You can make your own judgement on it and trade accordingly. I've never actually met anyone who called a crash in advance and successfully traded it. I hope I'm completely wrong on it and that we end up following some pattern in 1994 or 1998, but so far we are tracking 1987 the best I believe. I encourage you to study the other years and see what you come up with. The high in 1994 was on January 31st and it is 8761 days until the January 26th, 2018 high... not any ritual number that I'm aware of? The high in 1998 was July 20th and it is 7130 days from our recent high... again, not any codes there.

Anyway, make of it what you will. It's my first weekend update and video in a very long time. I felt it was of importance and should be shared with as many real people as possible. Share with your friends but please don't copy the video and text to repost publicly as that just leads to SkyNet reading it and getting too much exposure, which could change the outcome for the good or bad? If you have questions or comments feel free to stop in the chatroom. There's only a few of us and we don't chat all day. However it's a good group of people and fun to hang out with when the market stresses you out.

Good luck to us all this coming March...

Red
[/protect]

Is 2018 Setting Up A Stock Market Crash Or Inflationary Based Mega Rally?

Red
-
0
Is 2018 Setting Up A Stock Market Crash Or Inflationary Based Mega Rally?

February 18th 2018

A Strange Pattern Is Developing and so far I don't see anyone talking about it...

It's been over a year, maybe several years, since I've done a weekend post and video but I feel compelled to share what I've discovered recently. It's something I hope doesn't play out but so far is tracking out day to day almost perfectly.

Of course there are just as many diehard bears out there that are still calling for a stock market crash today, tomorrow, or soon... just like they have been for many years now. And there's the mega-bulls that are looking for the DOW to hit 100,000 or some crazy number. Which one is right, or are they both right? So far the crash callers have been wrong time after time as the market just keeps on going up and up and up.

The market has changed a lot in the last 18 years I believe with computer algorithms making up 84% of the trading each day, and with the Fed's injecting trillions of dollars into the system with one Quantitative Easing program after another to keep the market going up. That's at least until recently as they are now slowly rising interest rates and attempting to reverse the money injection, which some say caused the recent 10.8% drop in late January into February.

Others say that it was caused because Jerome Powell replaced Janet Yellen as the new Federal Reserve Chairman and the deep state that runs the stock market didn't like it... therefore they decided to tank the market to punish Trump for his decision. Some say he isn't Jewish as well and that the deep state always put a Jew in office as they are "one of them" and can be controlled. I don't know what to believe about that issue but certainly the market was super overbought from a technical point of view and needed to pullback anyway. The timing of it was and still is suspicious.

Anyway, what I have to show you deals with "codes" and "numerology" that the deep state (the elite, illuminati, cabal, skull and bones society, free masons, or whatever name they hide under?), use to tell their buddies on the inside what's going to happen next in the market. Now a true member (which I'm NOT) could read these codes perfectly and know exactly what's coming next, when it's coming, and when it ends... but I have to just guess at it and use the knowledge I've discovered over the last 9 years while writing this blog.

So, with that preface I must add that there is a super computer "AI" (artificial intelligence... I call it "SkyNet" from the Terminator movie) that reads every post, page, blog, website, tweet, chat, etc... on the internet and if certain things are said that "they" (the elite) don't like then it tends to get no traffic or worst the site gets attacked by "bot's" to slow it down to a point that no one can get it to load where they can read. In fact, SkyNet even watches youtube video's and converts them from speech to text so it can decide again if it gets traffic exposure or not.

Therefore I have to be careful on exposing this information to SkyNet as I only want to help a few fellow traders by giving them what I've discovered so they can be on the look out for it and not get caught on the wrong side of the trade should this actually happen? In order to keep this information away from SkyNet reading it I've decided to password protect it and require a real person to login to my site to get access to the password so they can read it. I apologize to those of you who think is too much trouble but I really must keep this information only in the hands of real people and NOT spread over the internet where SkyNet can read it easily. So I ask you NOT to copy the text or the video and repost it on the internet. It's free to view for all, so that's not too much to ask of you I think. I'm also putting the video up on Wistia instead of Youtube so hopefully it goes unnoticed by SkyNet.

To read the rest of this post and view the video you must create a new account and login to get access to the passworded page... which is located here:

Is 2018 Setting Up A Stock Market Crash Or Inflationary Based Mega Rally-Part 2

https://reddragonleo.com/2018/02/19/is-2018-setting-up-a-stock-market-crash-or-inflationary-based-mega-rally-part-2/

The password is: 1987

 

ES Morning Update February 16th 2018

Red
-
0
ES Morning Update February 16th 2018

Ok gang, I'm going to keep today's post short as everything that I've covered in the last several posts is playing out currently as expected. Today I'm looking for a "muted" day where both the falling blue trendline and the rising green trendline act as support and keep the market slightly down or flat for today with yesterdays' high holding. The best pin level on the SPY is around 273 so I wouldn't be surprised if we aren't right around that level or slightly lower by the close today. I've decided I'm going to do a weekend post, which I haven't done in over a year but there's some very important things I need to cover that I haven't seen anyone else spot and talk about. However, I'm going to keep it OFF of youtube and make the post for members only. Membership is free so that's not a problem for any real flesh and blood human that reads my posts daily and has be following me for any length of time.

What I don't want here is the information talked about in this weekend post and video spread around the internet as the less it's spoken of the greater the chances of it working. But I want to inform as many traders as possible so they can follow it too and hopefully profit from it if it comes true? I'll ask again for everyone to NOT post it anywhere else as it will hurt the odds of it working if too many people see it I believe. If see it and want your friend to see it then tell him/her to go sign up on my site, login, and view the post and video themselves. I never bother with emailing people so fear not about getting spammed to death from me for putting in your email address when signing up.

Everything I need to say to people is in the posts, so I never send email newsletters. Yeah, maybe I should but I just don't have time to fool with and after having started this blog back in late 2009 and never emailing any newsletter updates to people I really don't plan on starting one now. Anyway, sign up if you want... if not, it doesn't bother me one bit. I'm only doing this video to help inform others... nothing more, take it or leave it. Have a great weekend and don't forget that Monday is a holiday and the market will be closed.

ES Morning Update February 15th 2018

Red
-
0
ES Morning Update February 15th 2018

Nice move up again this morning I see. It's now acting like a wave 3 to me, so if we can pullback small around the open for a wave 4 down, then back up into the close for a wave 5 up then we should complete all 5 waves inside this C wave up and end this rally. Now... with that said, I don't see a huge drop on Friday. It's likely to pin at some level that makes the most options expire worthless so the market makers can keep the most money. The max pain site says that at 273 on the SPY or around 2730 for the futures and SPX. What might happen is that we only do the wave 4 down today and push out that wave 5 up until tomorrow... which would still be fine I think with my current forecast on the market for next month.

Anyway, I'll keep today's post short and sweet. I'm looking for a wave 4 down at some point today, which should be smaller then the wave 2 down, and I think it was the move down from the 2/12 high of 2655.00 to the 2620.00 low on the same day. From there the wave 3 up started (still inside the larger C wave up) and subdivided into 5 smaller waves... which I think this move up from yesterdays' low to this morning's high was the 5th wave inside that wave 3 up. Anyway, I just want to see a small wave 4 down and 5 up today or tomorrow to end this larger C wave up from the 2530.25 low on 2/9. Next week we should start back down again if everything is still on track, but it should be choppy and not easy to figure out the direction each day. This is the period where it shakes out both bulls and bears. No new high should be put in next week as the high for this rally should be today or tomorrow... that's "if" this all plays out like I think it will?

1...505152...135Page 51 of 135

© Copyright - Red Dragon Leo

s2Member®