The biggest mystery to me is this. Since you all admire Sundancer's work so much, yet no one bothers to try to clone his charts? Happy to be given fish but no one cared to learn to fish?
Better to sit and watch paint dry.. LOL
Money has been flowing stealthly into Finance, Tech, Foeign, and Small stocks all week last week, and accelerating since 10am last Thursday. Such (broadbased accumulation + panic selling) almost always = one big eye in the storm. Gonna be painful trying time for the bears. Good if you are a masochist.
For Whatever its worth here is an excerpt from my morning Nenner report.
S&P/Nasdaq No change in outlook We continue to be negative on most markets As shown on the charts sent on Sunday, most world markets are down because of negative cycles We still have a low projected later in June, and continue to stand aside We wanted to go long call spreads on Goldman Sachs, per our intraday update last Friday – only where the net debit in the two positions is around $2.50 That is our only long position This trade is based on a possible cycle low for GS The S&P got close to our downside price target of 1033 before the bounce There is still time left to see that downside target
Sector Based on the Wave count that we sent on Sunday, we could see a bounce in Gold and Silver probably up to 1199 and 18.04, respectively Based on cycles shown on the XAU and Gold, we feel that it is too early to go long A close below the support line around 1140 for Gold will be more negative
Crude Crude got close to our downside price target of $67.90 (July) Cycles are still down for a few weeks A close for July Crude above $71.80 will be a signal NOT to be short, short term
Nat Gas Gas continues in the trading range, but will now give a short term buy signal on a close above 4.16 (July)
US Bonds Cycles are now up into Oct Not everyone bought the 10 year at around 4% It is difficult to find the right entry level right now Only a close for the 30 Year below 123.17 and a close for the 10 Year below 120.21 will be negative However, this is only short term We are bullish on the Bonds
Bunds We continue to be bullish on Bunds Cycles are up We could see 129.65, as long as there is no close below 127
Euro We still can see some bounces for another week Longer term, our downside price target continues to be 118 A good low is projected only by July
The 10 minute chart shows that most of the selling volume was in the morning, and now the volume has died off a lot. I'm still waiting in cash for now.
I agree with you Dreadwin. There is no real selling volume here, which tells me they will go higher tomorrow and fill that gap. They are just churning out the weak hands right now.
We may dance around the line for a while. i do not have good volume numbers on daily. But i am getting the feeling that some selling distribution is picking up.
It means that we have not yet run out of sellers, while some one big is buying in the background. Either that big entity runs out of money and stops buying, in which case selling pressure will resume, or we run out of sellers, and there will be a big rip up.
The $VIX is down a lot., even though the market is slightly red. Some one big is buying. I think the trendline will break.
I think a lot of retail investors feel the same as you — they expected a big gap up, they didn't see it, so maybe they're getting out.The $VIX is down a lot., even though the market is slightly red. Some one big is buying. I think the trendline will break.
The biggest mystery to me is this. Since you all admire Sundancer's work so much, yet no one bothers to try to clone his charts? Happy to be given fish but no one cared to learn to fish?
Better to sit and watch paint dry.. LOL
Money has been flowing stealthly into Finance, Tech, Foeign, and Small stocks all week last week, and accelerating since 10am last Thursday. Such (broadbased accumulation + panic selling) almost always = one big eye in the storm. Gonna be painful trying time for the bears. Good if you are a masochist.
Mon / Ashail – how are you getting the number for 108 – can u share pls ?
For Whatever its worth here is an excerpt from my morning Nenner report.
S&P/Nasdaq
No change in outlook
We continue to be negative on most markets
As shown on the charts sent on Sunday, most world markets are down because of negative cycles
We still have a low projected later in June, and continue to stand aside
We wanted to go long call spreads on Goldman Sachs, per our intraday update last Friday – only where the net debit in the two positions is around $2.50
That is our only long position
This trade is based on a possible cycle low for GS
The S&P got close to our downside price target of 1033 before the bounce
There is still time left to see that downside target
Sector
Based on the Wave count that we sent on Sunday, we could see a bounce in Gold and Silver
probably up to 1199 and 18.04, respectively
Based on cycles shown on the XAU and Gold, we feel that it is too early to go long
A close below the support line around 1140 for Gold will be more negative
Crude
Crude got close to our downside price target of $67.90 (July)
Cycles are still down for a few weeks
A close for July Crude above $71.80 will be a signal NOT to be short, short term
Nat Gas
Gas continues in the trading range, but will now give a short term buy signal on a close above 4.16 (July)
US Bonds
Cycles are now up into Oct
Not everyone bought the 10 year at around 4%
It is difficult to find the right entry level right now
Only a close for the 30 Year below 123.17 and a close for the 10 Year below 120.21 will be negative
However, this is only short term
We are bullish on the Bonds
Bunds
We continue to be bullish on Bunds
Cycles are up
We could see 129.65, as long as there is no close below 127
Euro
We still can see some bounces for another week
Longer term, our downside price target continues to be 118
A good low is projected only by July
The 10 minute chart shows that most of the selling volume was in the morning, and now the volume has died off a lot. I'm still waiting in cash for now.
I agree with you Dreadwin. There is no real selling volume here, which tells me they will go higher tomorrow and fill that gap. They are just churning out the weak hands right now.
We may dance around the line for a while. i do not have good volume numbers on daily. But i am getting the feeling that some selling distribution is picking up.
i may add some small short positions to be safe
It means that we have not yet run out of sellers, while some one big is buying in the background. Either that big entity runs out of money and stops buying, in which case selling pressure will resume, or we run out of sellers, and there will be a big rip up.
Well, just a fast as I typed that, the market dropped and filled the gap up at 1087.95 spx. LOL
The $VIX is down a lot., even though the market is slightly red. Some one big is buying. I think the trendline will break.
I think a lot of retail investors feel the same as you — they expected a big gap up, they didn't see it, so maybe they're getting out.The $VIX is down a lot., even though the market is slightly red. Some one big is buying. I think the trendline will break.
or it could mean the opposite – VIX way down but market not way up, why not?