the biggest risk to bears is that this 1800-2100 range in ES is just a wave 3-4 in this bull market, the top hasn't been set, and a wave 5 blow out top is still to come
just in theory
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
the biggest risk to bears is that this 1800-2100 range in ES is just a wave 3-4 in this bull market, the top hasn't been set, and a wave 5 blow out top is still to come
just in theory
If one hasn't gone long near the lower 1/4 of current cycle (daily), then now is best to wait out. If we get some failures it could result in 3rd lower top seen on weekly ES/YM/NYSE, the result of which will most likely result in an accelerated move below smashing through 1800 SPX. I will be selling failures based on NQ's chart.
I see the lower tops but not any lower lows. Still playing out.
When you see lower tops lower lows aren't necessary as a requirement. Support held, but inability to progress higher is the issue.
Cramer is hilarious.... Now he says a huge rally could be coming.....now? What just happened the last 5 weeks?
Funny how quick people flip their opinions on this market after the fact the move has been made....
http://www.cnbc.com/2016/03/17/cramer-signs-a-massive-rally-could-be-coming.html
Funny how quick people flip their opinions on this market after the fact the move has been made....
http://www.cnbc.com/2016/03/17/cramer-signs-a-massive-rally-could-be-coming.html
If that is true where is this top going to be...what is the approximate number on the S$P?
2350
2417
2434
2487
2579
2799
2895
3122
Great to see oil back at 40+ thank you fed....now it should run up to 50 and with the "driving season" coming up oil should be back at $65+ by summer and $75+ by winter....can't wait to pay 30-40% more for gas and heating.... Oh and prices of goods and services should be up another 5-15% by the end of the year if commodities keep on rising...
Welcome to the land of perfect. Where everyday is an up day and it matters not what goes on in the world for the central bank can solve all our problems with there magic money printing abilities. Never again will the stock market fall to far, simply speak and the magic central bank makes everything better, truly magical.