My timing was out a little. Price was correct 1995 SPX. I unfortunately lost some money on some options that expired, but made up with my other puts and 3x etfs. A great week for us bears. Watch out for some wild swings coming our way. Looking for some kind of lower high into the end of the first week of Sept. That will shake loose a lot of bears. Down we go into the middle of Oct time frame. LOL Great time to be a BEAR !!
Around the first week of October I see a big rally up starting into 2016. Until then I see it going lower into the end of September. We might see another huge multiday drop like test week, as it could be just wild swings from now until the bottom?
They usually don’t give the bears more then once chance to get a multiday sell off, which is why I could see up 2 days, down 2 days, etc… with an overall downward market until late September.
I see us retesting the 1820 SPX low from last October, and I think that will happen before the end of September. Next week…tough call. But I suspect it will be very choppy (assuming Lucy doesn’t happen?) all week as the market tries to rally but gets sold off each time.
So by the end of the week I think we’ll see this oversold (very oversold) condition be worked off so we can have another big drop in early September. Big drops like this have to pause at some point and trick the bulls back in the market and the bears out of the market.
We rebound next week with the DOW going to 18000 and S&P to 2080. Then Friday 8/28 into Tuesday 9/1 down again to 2040. The big boys will be coming from their Labor day holiday and there will be no Shemitah or anything of a catastrophic. We rocket higher into year end to see the S&P at 2300 and DOW at 19000 level. Democrats wants an UP market into 2016 so that their stooges can be elected. Who knows we may get a FED head on Monday stating QE4 and the market blasts off!!!
THEIR WILL BE NO LUCY DAY !!
My timing was out a little. Price was correct 1995 SPX. I unfortunately lost some money on some options that expired, but made up with my other puts and 3x etfs. A great week for us bears. Watch out for some wild swings coming our way. Looking for some kind of lower high into the end of the first week of Sept. That will shake loose a lot of bears. Down we go into the middle of Oct time frame. LOL Great time to be a BEAR !!
Around the first week of October I see a big rally up starting into 2016. Until then I see it going lower into the end of September. We might see another huge multiday drop like test week, as it could be just wild swings from now until the bottom?
They usually don’t give the bears more then once chance to get a multiday sell off, which is why I could see up 2 days, down 2 days, etc… with an overall downward market until late September.
I see us retesting the 1820 SPX low from last October, and I think that will happen before the end of September. Next week…tough call. But I suspect it will be very choppy (assuming Lucy doesn’t happen?) all week as the market tries to rally but gets sold off each time.
So by the end of the week I think we’ll see this oversold (very oversold) condition be worked off so we can have another big drop in early September. Big drops like this have to pause at some point and trick the bulls back in the market and the bears out of the market.
We rebound next week with the DOW going to 18000 and S&P to 2080. Then Friday 8/28 into Tuesday 9/1 down again to 2040. The big boys will be coming from their Labor day holiday and there will be no Shemitah or anything of a catastrophic. We rocket higher into year end to see the S&P at 2300 and DOW at 19000 level. Democrats wants an UP market into 2016 so that their stooges can be elected. Who knows we may get a FED head on Monday stating QE4 and the market blasts off!!!
You don’t think there is a possibility we will top there and then go back down? I’ve seen several predictions on this alternate scenario.
Maybe we will bottom in this Shemitah period: http://www.wnd.com/2015/08/harbinger-man-the-time-is-now-to-prepare/
Almost hit this FP high… http://screencast.com/t/hE78tI0U6
Extremely oversold… should have bounced yesterday but that’s what happens when they finally drop it, as all support breaks.
Tag of 1987 on SPX before brief bounce?