Market Outlook
- Thread starter GrandSupercycle
- Start date
SP500 intra chart reverts to bearish - chart at blog shows current situation.
EURUSD daily chart now gives bearish warning.
EURUSD daily chart now gives bearish warning.
Wow. You called that after a 10 point drop. You're sooooo smart.
My take is that market will recover (go up) by the close today (11/4) with small negative in indices, as the short sellers are closing their trades to take profit as no one want to keep the tarde over weekened..
Any thought ?
Any thought ?
He will call it Bull again as the market has just moved up another 10 points..
Don't forget, he is wrong in 90% time.
This blog can be summarized as: I'm bearish but if you listen to my calls you will lose all your money before the "Grand Supercycle" hits.
wrong the chart today was never bearish. It just looked bearish to you at 1030 this morning. we closed well off the lows today 11/4 friday. The only shorts making money had to have covered by noon. this also means you would have had to been short on one day which was 10/31. Any other day and you are guessing the uptrend will end with no proof at all. your also using 10/31 to assume the chart is broken? No shorts have worked in literally a month (unless you short the top on 10/27 10/28) notice how we snap at every low since tuesday low set on the OPENING 5m bar.
Notice the clear 4day uptrend since the 11/1 low
Next pull the chart back and notice we broke out from that 2month+ trading range every trader on wall street was watching, tested it.. bounced OFF that level to the upside and we are STILL on a uptrendline only.
so what is bearish here using TA?
(assuming we know nothing of mondays open)