Next Monday (November 2nd) is where I’d be “likely” looking to average into a short position. Of course it depends on the charts but I think we top on November 3rd… the debt ceiling day. Again, from a TA point of view and EW count point of view this rally should end around then.
Throw in the debt ceiling deadline and the Economist 2015 cover with a “possible” coded message taking about November 3rd and the 5th, I’d say we have good evidence to support a top and drop.
From a technical point of view (and Elliottwave) we should pullback a little after the FOMC meeting today (probably top and drop on Thursday) and then rally back up Friday and into early next week to top out in the 2100 SPX area (+/- 10 points?).
Funny how well this technical analysis lines up with the government running out of money. Is everyone just expecting that the debt ceiling will be raised again just because it has been raised 74 times since 1962?
I know that’s been a fav of yours through the years.
No, I didn’t forget it… I just didn’t mention it.
Did you forget also Legatus?
Next Monday (November 2nd) is where I’d be “likely” looking to average into a short position. Of course it depends on the charts but I think we top on November 3rd… the debt ceiling day. Again, from a TA point of view and EW count point of view this rally should end around then.
Throw in the debt ceiling deadline and the Economist 2015 cover with a “possible” coded message taking about November 3rd and the 5th, I’d say we have good evidence to support a top and drop.
http://vigilantcitizen.com/vigilantreport/economist-2015-cover-filled-cryptic-symbols-dire-predictions/
From a technical point of view (and Elliottwave) we should pullback a little after the FOMC meeting today (probably top and drop on Thursday) and then rally back up Friday and into early next week to top out in the 2100 SPX area (+/- 10 points?).
Funny how well this technical analysis lines up with the government running out of money. Is everyone just expecting that the debt ceiling will be raised again just because it has been raised 74 times since 1962?
http://z3news.com/w/treasury-secretary-lew-strange-warning-terrible-accident/
ES Futures Morning Update October 27th, 2015 – http://screencast.com/t/uriOJvwAcz
It’s in the trailer….as the destination date.(a quick shot) They also show a newspaper dated November 5,1955.
How do you get 11-5-55 from October 26th, 1985?
SPX Morning Update October 23rd, 2015 – http://screencast.com/t/K0eSuccI5r
ES Futures Morning Update October 23rd, 2015 – http://screencast.com/t/HLitC3vUVOnX