We already below 1140 now, so 980 seems more likely now. Plus, I don't see any signs of a bottom yet, as none of the charts are even close too turning back up.
S&P earnings reduced by 7% – Previous top is 1220 – so market value is 1135. In order for us to get a bargain we need the market to drop from the previous low of 1050 to 980 area. But I think what is the pipeline is what they are trying to do is 1225, so a discount of 7% is 1140.
If the market goes all the way down to the bottom tier, then it will probably take the market 3-4 months to get back up and put in a new high. Could be late August, or September?
That would make for one hellova Primary Wave 3 down coming in the last quarter. Man… that is going to be ugly!
Yeah probabilities are decreasing that gold containment will hold the $SPX in the 1050 region, & the next weekly containment is teal which is in the upper 900's. 1173.57 Local Min Value -2.12% 1148.69 -4.24% 1123.81 -6.36% 1098.93 -8.48% 1074.05 -10.60% 1049.17 -12.72% 1024.29 -14.84% 999.41 -16.96% 974.53 -19.08% 949.65 -21.20% 924.77 -23.32% 899.89 -25.44% 875.01
Have capital to buy all the way down to the last tier
I don't play gold, as it's too hard to predict. But, if fear sets in… then Yes, I could see a lot more upside. But after this sell off is done, another rally will happen in the market… probably putting in new highs.
Not much real panic yet. This is very orderly.
We already below 1140 now, so 980 seems more likely now. Plus, I don't see any signs of a bottom yet, as none of the charts are even close too turning back up.
Here's the drawing board
S&P earnings reduced by 7% – Previous top is 1220 – so market value is 1135. In order for us to get a bargain we need the market to drop from the previous low of 1050 to 980 area. But I think what is the pipeline is what they are trying to do is 1225, so a discount of 7% is 1140.
Any thoughts ?
VIX long-term trend is up, so I expect that swings will be huge. Wouldn't be at all surprised if the market is mostly recovered in a couple of weeks.
We are focused on shorting today, but next is going long! Research over the weekend and make buys next week.
$SPX
Is this numbers represent SPX or Gold? Thanks
If the market goes all the way down to the bottom tier, then it will probably take the market 3-4 months to get back up and put in a new high. Could be late August, or September?
That would make for one hellova Primary Wave 3 down coming in the last quarter. Man… that is going to be ugly!
Yeah probabilities are decreasing that gold containment will hold the $SPX in the 1050 region, & the next weekly containment is teal which is in the upper 900's.
1173.57 Local Min Value
-2.12% 1148.69
-4.24% 1123.81
-6.36% 1098.93
-8.48% 1074.05
-10.60% 1049.17
-12.72% 1024.29
-14.84% 999.41
-16.96% 974.53
-19.08% 949.65
-21.20% 924.77
-23.32% 899.89
-25.44% 875.01
Have capital to buy all the way down to the last tier
seems that this is right. question is, how will we make new highs by jun 25?
I don't play gold, as it's too hard to predict. But, if fear sets in… then Yes, I could see a lot more upside. But after this sell off is done, another rally will happen in the market… probably putting in new highs.