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jshemanski49196
McClellan Oscillator went negative today, so hopefully the 10-day exponential follows here.
fast3777
Japan in a 3rd wave down. I think we will see that SPX downside projection met today and lower still. Bitcoin is forming a real compact complex H&S pattern. If that starts down prices should accelerate lower. Another daily gap that won't be filled probably. Bearish indeed. Good luck.
fast3777
Bitcoin doing the final C up. 31K? the reversal should be something.
dcarter8883312
Don’t get too bearish yet. My profile shows low today and upward chop into July 7 or July 11th. That’s when Free Fall Starts.
~Dorothy
dcarter8883312
szulc2639
Ever heard of a double top or lower peak failure? I’m short but likely will cover near close today and see what next week looks like. IF I’m wrong that markets don’t rally Monday I can re-short.
~Dorothy
szulc2639 said:
dcarter8883312 said:
Don’t get too bearish yet. My profile shows low today and upward chop into July 7 or July 11th. That’s when Free Fall Starts.
~Dorothy
The correction or beginning of something more bearish has already begun from 6/16.
fast3777
Look at the SPX on a 3 day chart. The index traced out a very large expanding diagonal triangle. Completing wave E and now just below the top trendline which it gapped up through. Now gapped down through the top TL creating a island reversal. Very weak and can't get back above it. Downside target is about 3900. Should decline very quickly.
Last updated
fast3777
The manipulators really have a hold on the VIX,back below 13.00. I have never seen this before. A upside explosion will happen. Tremendous bearish portent.
fast3777
Bitcoin climax imminent???
dcarter8883312
fast3777 :
The lowest target 🎯 I have —so far— on SPX IS 4079.98. This target will be canceled if Gap is filled 4407.44.
~Dorothy
Look at the SPX on a 3 day chart. The index traced out a very large expanding diagonal triangle. Completing wave E and now just below the top trendline which it gapped up through. Now gapped down through the top TL creating a island reversal. Very weak and can't get back above it. Downside target is about 3900. Should decline very quickly.
fast3777
That island reversal in the SPX cash is beautiful.
fast3777
The NQ looks to have made a A up yesterday, B down this morning and now in C up. Should reverse lower. YMMV
dcarter8883312
I’m out of shorts
Long AAPL & TSLA
Both very strong today
ericoh792283
Buy the dip folks!
fast3777
Island reversal : A candlestick pattern at the end of a usually strong trend separated by two gaps. It’s separated by an exhaustion gap in the direction of the prevailing trend, signaling for potential weakness. It is also followed by a breakaway gap in the opposite direction signaling for the end of the established trend and the beginning of a new trend in the opposite direction.
dcarter8883312
szulc2639
I have a profile that is correct more than it’s wrong. I listen to Markets! That’s why I covered shorts and am long AAPL & TSLA. A market that doesn’t follow through on downside likely will rally.
How long have you been in markets?
Me? 1974 probably before you were a twinkle in your father’s eye.
~Dorothy
dcarter8883312 said:
szulc2639
Ever heard of a double top or lower peak failure? I’m short but likely will cover near close today and see what next week looks like. IF I’m wrong that markets don’t rally Monday I can re-short.
~Dorothy
szulc2639 said:
dcarter8883312 said:
Don’t get too bearish yet. My profile shows low today and upward chop into July 7 or July 11th. That’s when Free Fall Starts.
~Dorothy
A weak right shoulder of a double top is common knowledge, but because you think that'll happen doesn't make it so, better practice is to listen to the message the markets are telling you now.
fast3777
Lot's of exhaustion patterns on all stocks. Expanding triangles usually reverse wickedly and that island reversal is all the confirmation I need.
fast3777
About finished.
fast3777
This is some bad arse B wave. You have AAPL today finishing it's bull market run....simply amazing.
fast3777
Just broke through the top TL of the expanding triangle and Japan is headed down again. This should get interesting.
fast3777
Btw that TL on my cash SPX chart comes about through at 4358....
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Comments (28)
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McClellan Oscillator went negative today, so hopefully the 10-day exponential follows here.
Japan in a 3rd wave down. I think we will see that SPX downside projection met today and lower still. Bitcoin is forming a real compact complex H&S pattern. If that starts down prices should accelerate lower. Another daily gap that won't be filled probably. Bearish indeed. Good luck.
Bitcoin doing the final C up. 31K? the reversal should be something.
Don’t get too bearish yet. My profile shows low today and upward chop into July 7 or July 11th. That’s when Free Fall Starts. ~Dorothy
szulc2639
Ever heard of a double top or lower peak failure? I’m short but likely will cover near close today and see what next week looks like. IF I’m wrong that markets don’t rally Monday I can re-short. ~Dorothy
Look at the SPX on a 3 day chart. The index traced out a very large expanding diagonal triangle. Completing wave E and now just below the top trendline which it gapped up through. Now gapped down through the top TL creating a island reversal. Very weak and can't get back above it. Downside target is about 3900. Should decline very quickly.
Last updated
The manipulators really have a hold on the VIX,back below 13.00. I have never seen this before. A upside explosion will happen. Tremendous bearish portent.
Bitcoin climax imminent???
The lowest target 🎯 I have —so far— on SPX IS 4079.98. This target will be canceled if Gap is filled 4407.44. ~Dorothy
That island reversal in the SPX cash is beautiful.
The NQ looks to have made a A up yesterday, B down this morning and now in C up. Should reverse lower. YMMV
I’m out of shorts Long AAPL & TSLA Both very strong today
Buy the dip folks!
Island reversal : A candlestick pattern at the end of a usually strong trend separated by two gaps. It’s separated by an exhaustion gap in the direction of the prevailing trend, signaling for potential weakness. It is also followed by a breakaway gap in the opposite direction signaling for the end of the established trend and the beginning of a new trend in the opposite direction.
How long have you been in markets? Me? 1974 probably before you were a twinkle in your father’s eye. ~Dorothy
Lot's of exhaustion patterns on all stocks. Expanding triangles usually reverse wickedly and that island reversal is all the confirmation I need.
About finished.
This is some bad arse B wave. You have AAPL today finishing it's bull market run....simply amazing.
Just broke through the top TL of the expanding triangle and Japan is headed down again. This should get interesting.
Btw that TL on my cash SPX chart comes about through at 4358....
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