bull market has resumed

Quote from nitro:

You need a MONSTER move for either of those to happen by tomorrow. SPX at 1178, and DOW at 10283.

A +235 DOW move comes once a year.

nitro
More...

Hi Nitro,

Yes! I know :)
Gave up on the impulse wave scenario this morning, looks like another ABC counter trend rally. We might see the B wave lows tomorrow morning, then another push up. Targeting: Naz 2112 and SPX 1212... if SPX 1174 holds.
 
GM

After a quick selloff this morning EW pivot points: 1174 SPX and 2040 NAZ seem to be holding. A positive close today and the market should be able to continue this advance into the targeted pivots: 1212 SPX and 2112 NAZ.
 
sell-off will accelerate after 2pm Beige Book...buy point could be tomorrow-- i'll wait.

big question is whether the bull mkt is over.
 
Good point! I'm still long from lower levels, will ride it out.

According to my work, the bull market is still very much intact. Some key levels to watch are SPX 1146 and DOW 9962. A close below those levels and it just might be over.
 
HUGE outside reversal bar in place today.
4th Quarter trading low has commenced.
The trend is now biased to the long side.
1207/1211 next resistance on SPX
:)
 
Quote from gharghur2:

Hi Nitro,

Yes! I know :)
Gave up on the impulse wave scenario this morning, looks like another ABC counter trend rally. We might see the B wave lows tomorrow morning, then another push up. Targeting: Naz 2112 and SPX 1212... if SPX 1174 holds.
More...
You got really unlucky, or you might just had had your target! The markets opened hard lower and then went ballistic. If you had not had that hard down part, you would have had a shot at DOW 10500.

As it is, now this gets really interesting.

nitro
 
Quote from Apex Capital:

HUGE outside reversal bar in place today.
4th Quarter trading low has commenced.
The trend is now biased to the long side.
1207/1211 next resistance on SPX
:)
More...

we could see that year-end rally after all...

(but i'm of the opinion that it would be the last and final push of this bull)
 
Quote from nitro:

You got really unlucky, or you might just had had your target! The markets opened hard lower and then went ballistic. If you had not had that hard down part, you would have had a shot at DOW 10500.

As it is, now this gets really interesting.

nitro
More...

Nitro

I'm still long from last week at 2045 NAZ!
Didn't expect a retest of the lows the very next day.
Either way was looking for NAZ over 2100 and SPX over 1200 by next week. Now, with this positive divergence (SPX?NAZ), if we see NAZ 2115 and SPX 1208 over the next few days, I'll be convinced.

tony
 
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