Market Outlook

[S2007S]

Rally time!


Guess they will push the SPX back above 1200+ Looked like the market was going to erase yesterdays gains but didnt even come close.

 

[Vulcan Trader]

IM NOT SO SURE. I FEEL A CRASH COMING ON.

 

[GrandSupercycle]

Equity buy support returns...

Index daily and weekly charts remain bearish so equity rally is countertrend.

 

[S2007S]

Another one of those days, yep I can feel it now and its not even 30 minutes into the open, one of those days where the markets open higher and pull back every 15 minutes by 1/10 of a percent only to continue to make new intraday highs right into the close.

 

[GrandSupercycle]

Short cover spike scenario applies currently.

 

[noddyboy]

Quote from S2007S:

Another one of those days, yep I can feel it now and its not even 30 minutes into the open, one of those days where the markets open higher and pull back every 15 minutes by 1/10 of a percent only to continue to make new intraday highs right into the close.

Looks like you are wrong.

 

[GrandSupercycle]

Equity intra day rising wedge confirmed - so downtrend can
resume. stockmarket618.wordpress.com

 

[GrandSupercycle]

As mentioned, intra day rising wedge confirmed – so equity
downtrend can resume.

 

[GrandSupercycle]

FTSE weekly chart at blog shows big picture rising wedge...

 

[GrandSupercycle]

The 4 hr rising wedge that caused this sell off was posted at blog yesterday.