USDCAD previous basing now results in uptrend on daily chart.
USDJPY ongoing choppy basing continues.
USDJPY ongoing choppy basing continues.
Market Outlook
- Thread starter GrandSupercycle
- Start date
Bearish daily and weekly equity charts strengthen further.
S&P500 head and shoulders target is 1,176 and further
downside expected.
As mentioned for some time - S&P500 monthly has been tracking
sideways this year. This extensive distribution signified a bearish
big picture and that a significant downtrend would follow.
S&P500 head and shoulders target is 1,176 and further
downside expected.
As mentioned for some time - S&P500 monthly has been tracking
sideways this year. This extensive distribution signified a bearish
big picture and that a significant downtrend would follow.
I think that could be pushed aside tomorrow as the job report comes out and decides the direction of the market, I think the jobs number has to blow past estimates to get anyone to really step in and buy, I am also thinking a number that just misses completely could be an excuse for the markets to bounce higher on anticipation that BUBBLE ben bernanke steps in and throws more worthless dollars at the economy. Tomorrow should be an interesting market as the SPX closed right at 1200 today. Im also watching the VIX, looking for another spike to the 35-40 range before I believe the market is done going down. Who knows maybe the VIX spikes well above its average of 30-40 range in the weeks ahead.
SmallBicycle - Welcome Back!
Honestly, my Iron Condor (Short Put) is in deep shit now and I am thinking to cut the loss tomorrow. However, since I am seeing you are back with the end of world story again, I change my mind now based your "historical" ability to predict the market
Btw, I though you had been banned to post in here ?
S&P500 head and shoulders target is 1,176 and further downside expected.
As mentioned for some time â S&P500 monthly has been tracking
sideways this year. This extensive distribution signified a bearish
big picture and that a significant downtrend would follow.
As mentioned for some time â S&P500 monthly has been tracking
sideways this year. This extensive distribution signified a bearish
big picture and that a significant downtrend would follow.
This guy predicts every market drop. And he'll predict every future market drop. The scam cannot be beat.
I was thinking I should start a "Market Sub Outlook" thread, predicting market gains every week until we get some upward momentum. I can "urge caution for bears" and note the
"descending wedges" that inevitably lead to capitulation and market gains.
GrandStuperCycle is a genius. I never would have thought going short Gold and short SPY in August 2010 was a rational play. He must have made a ton of money on .... oh wait, he said short. Wow, poor guy, agonizing for a year hoping for a monster reversal on a strong trend.