SPX 1960 will get the Dow just under 17K..maybe 16,950 to 16,970.So anybody that wants to see this thing open up with some wider ranges..will be rooting all key indexes to take a good hit today and or tmrw.- The last decent little pullback a few days ago,the Dow stopped hard at 17,006..so it’s already a factor.- Next Monday will certainly be key…but I can’t wait to see how we close and then what happens tmrw.- It “might” get fun here again for a little while. Maybe. 🙂
Support is around 1960 SPX, which if we gapped down tomorrow and hit it (or hit it today?) I’d exit my shorts and wait for a bounce to reload again for the weekend. Not sure where that’s at on the DOW though?
Well lets just we if we get back below Dow 17,000..and stay south of there, “if “we do. – Crucial to opening up the range here for trading purposes.- Looks like the market is in a “wait & see limbo” mode here at the moment.
The news is always there after the charts foretell the move. The charts said we should go down and continue into Monday and the news was just the reason to blame it on.
Yea..but I think this Malaysia passenger jet,that “might” have just got shot down..has put some pressure on the markets that will last at least for today. Still a rumor..but there is definitely another Malaysian passenger aircraft missing right now…and it seems to be having at least some affect on the market for the moment. We shall see.
Well yeah, it’s something to think about for sure. I can’t trade off of it though as every time in the past we thought something bad was going to happen it never did. It was always “misdirection” for us sheep to look at, and getting short based only on such a prediction always lost me money in the past.
Not this time. While it’s possible we could pop up tomorrow above 1986 SPX at the open for a quick stop sweep the charts say we are going down next week. So my trading now is more focused on gathering good information about past history, trends for this month, week, and day, buying volume, etc… and less on scary stories.
I’m sure they will at some point actually do the global currency reset but I doubt if I or anyone else is going to guess the date correctly. Maybe it does happen on the 27th… or the 20th? I just don’t know? But the market is ready to go down anyway.
Video about the plane crash: https://www.youtube.com/watch?v=dTCulEzHQh4&feature=youtu.be
SPX 1960 will get the Dow just under 17K..maybe 16,950 to 16,970.So anybody that wants to see this thing open up with some wider ranges..will be rooting all key indexes to take a good hit today and or tmrw.- The last decent little pullback a few days ago,the Dow stopped hard at 17,006..so it’s already a factor.- Next Monday will certainly be key…but I can’t wait to see how we close and then what happens tmrw.- It “might” get fun here again for a little while. Maybe. 🙂
Support is around 1960 SPX, which if we gapped down tomorrow and hit it (or hit it today?) I’d exit my shorts and wait for a bounce to reload again for the weekend. Not sure where that’s at on the DOW though?
2nd chance to go below Dow 17K coming.
Well lets just we if we get back below Dow 17,000..and stay south of there, “if “we do. – Crucial to opening up the range here for trading purposes.- Looks like the market is in a “wait & see limbo” mode here at the moment.
The news is always there after the charts foretell the move. The charts said we should go down and continue into Monday and the news was just the reason to blame it on.
Yea..but I think this Malaysia passenger jet,that “might” have just got shot down..has put some pressure on the markets that will last at least for today. Still a rumor..but there is definitely another Malaysian passenger aircraft missing right now…and it seems to be having at least some affect on the market for the moment. We shall see.
Had me a little worried there with that fast rally off the lows this morning but it’s looking good for the bears here and bad for the bulls.
Dow down 51 pts at the low.- We need follow through down action into next week here if we’re going to get to that SPX 1920 target area.
I’m assuming you are talking about this: http://chartistfriend.blogspot.com/2014/07/christine-lagarde-and-opening-gates-of.html#more
Well yeah, it’s something to think about for sure. I can’t trade off of it though as every time in the past we thought something bad was going to happen it never did. It was always “misdirection” for us sheep to look at, and getting short based only on such a prediction always lost me money in the past.
Not this time. While it’s possible we could pop up tomorrow above 1986 SPX at the open for a quick stop sweep the charts say we are going down next week. So my trading now is more focused on gathering good information about past history, trends for this month, week, and day, buying volume, etc… and less on scary stories.
I’m sure they will at some point actually do the global currency reset but I doubt if I or anyone else is going to guess the date correctly. Maybe it does happen on the 27th… or the 20th? I just don’t know? But the market is ready to go down anyway.
We hit our Bradley turn date today as well. Here’s that link in case you missed it? It’s on page 4 of that newsletter: http://reddragonleo.com/wp-content/uploads/newsletter-e.pdf