Market Outlook

Buy the dip, BUY the dip, once they pass the vote to raise the debt ceiling this market will be good for a 2-3% rally, just bought a little USD @ $36.40!!!!!!

Earnings this week from AAPL and IBM which always seem to beat will beat once again and push the markets higher on top of the raise in the debt ceiling news!!!

Still very bearish of course and think markets are going a lot lower but just a pass in the debt ceiling should bounce the markets higher, there is another vote on it tomorrow Tuesday July 19th so be prepared for much volatility!
 
Quote from S2007S:

Buy the dip, BUY the dip, once they pass the vote to raise the debt ceiling this market will be good for a 2-3% rally, just bought a little USD @ $36.40!!!!!!

Earnings this week from AAPL and IBM which always seem to beat will beat once again and push the markets higher on top of the raise in the debt ceiling news!!!

Still very bearish of course and think markets are going a lot lower but just a pass in the debt ceiling should bounce the markets higher, there is another vote on it tomorrow Tuesday July 19th so be prepared for much volatility!
More...

how do you know they won't sell the news??
 
Sellers keep appearing and bearish daily and weekly charts gain strength. Don't listen to emotional abusive trolls.

Clarification of the Wile E Coyote correction for readers who asked:
I'm referring to the price action on the sticky S&P500 chart at top
of blog. It's been suspended in the air for many months just waiting
for gravity to take hold...
 
Quote from GrandSupercycle:

Ongoing equity buy support and USD sell pressure indicates that rally may happen after all.
More...

As opposed to :

Quote from GrandSupercycle:

Sellers keep appearing and bearish daily and weekly charts gain strength. Don't listen to emotional abusive trolls.

Clarification of the Wile E Coyote correction for readers who asked:
I'm referring to the price action on the sticky S&P500 chart at top
of blog. It's been suspended in the air for many months just waiting
for gravity to take hold...
More...

So let's get this straight, you now have a bullish call and a bearish call on the SPY at the same time. Mere days apart.
 
Short term mixed signals and lack of consensus return.
The S&P500 long term megaphone top and bearish EURUSD big picture will however provide much needed consensus...

Extremely oversold USDCHF continues choppy basing and overdue rally still expected.
 
S&P500 monthly chart originally posted on my blog January 2011 - shows a series of broadening patterns, aka megaphone wedges.

The three broadening formations reveal an unstable market where buyers and sellers battle for control.

The first two megaphones make clear the eventual victors.

Prepare for the next Black Swan which will be ‘unexpected and
could never have been predicted’.
 
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