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?
we will test 2061-5 by next week.
There are many reasons I think we top early next week and drop. Here’s just another reason to go with all my other ones: http://bradleysiderograph.com/donald-bradley-siderograph-2015/
ES Futures Morning Update October 27th, 2015 – http://screencast.com/t/ucKJT2KdgD3
Rug pull on 29th by the evil ones.
IWM Big Short Coming Up: http://screencast.com/t/QzroMLQe
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/