Market Outlook

SP500 intra day bear mode continues. Daily and weekly charts
for key equity indexes are bearish.

Medium and long term outlook for bearish EURUSD and bullish USD
continues. The very overdue dollar rally should be substantial.

As mentioned, the March 2009 lows will still be breached despite
previous or any further QE. Intervention only delays the impending
drop – it can not prevent it.
 
Quote from GrandSupercycle:

SP500 intra day bear mode continues. Daily and weekly charts
for key equity indexes are bearish.

Medium and long term outlook for bearish EURUSD and bullish USD
continues. The very overdue dollar rally should be substantial.

As mentioned, the March 2009 lows will still be breached despite
previous or any further QE. Intervention only delays the impending
drop – it can not prevent it.
More...

Congrats! My short ES looking good! When do you think I can take some short term profits?
 
Going to be interesting to see if the SPX touches new lows this week, a few weeks back doug kass said that the markets had put their lows in for the year in early August. As I said a week ago rallies were to be SOLD and NOT bought! Who knows if the markets open at the lows and move higher, thats a big question. The dow will break 11k in the first hours of trading tomorrow!

After Fridays down day no one would have expected such a sell off in the futures tonight. Lets see if the SPX breaks 1100 this week if so the next bounce could come around 1050!!!!!!!
 
SP500 intra day chart still bullish and counter trend rally continues.
Daily chart is now neutral. Weekly is bearish.

More frequent updates at blog.
stockmarket618.wordpress.com
 
Quote from noddyboy:

Congrats! My short ES looking good! When do you think I can take some short term profits?
More...

Careful, Grand_Stuper_Cycle is generally a tremendous fade for traders. He issued almost the exact same "short the SPY, short metals, long the US$" posts verbatim from August 2010 ( SPY went up 35% he barely noticed ).
 
Quote from GrandSupercycle:

I suggest 11,400 index today was the top - will find
out tomoro if i'm right or wrong. Last DOW index 11,385
More...

You could be right!
 
You must log in or register to reply here.
Back
Top