Reminder that SP500 monthly chart remains bearish and USDX weekly remains bullish so itâs only a matter of time until the market makes its move.
Market Outlook
- Thread starter GrandSupercycle
- Start date
No. Grand called it. The market will make a move.
More equity rally this week looks likely.
He keeps his model secret, but i figured these were his inputs.
And you have two other threads going simultaneously:
"Prepare for Xmas Rally", and
"Xmas Rally is Finished"
From Wikipedia: "Dissociative identity disorder (DID) is a psychiatric diagnosis and describes a condition in which a person displays multiple distinct identities (known as alters or parts), each with its own pattern of perceiving and interacting with the environment".
Which one are you at this moment ? Cybil.
++1
I agreed with you, the Small bicycle don't seemed very "normal", sometime people develop mentallity disorder after they realised they can't trade in nature and loss too many times, this situation fit perfectly to small bicycle.
On the weekly charts, the S&P 500 formed a bearish head and shoulder pattern around May 2011, the break below whose neck-line took the market all the way down to 1100. The head was at around 1370 and the neck-line was at around 1250. So the pattern target has been achieved. At present, on the weekly charts, the level of 1150 is crucial, the break below which should see increased selling.
On the daily charts, the S&P 500 has good resistance around the 1270-1280 level, and the break-out from that zone should take the index to 1300 level. On the daily charts also, the last pivot low was at 1158. So a break-down below this level, with good volumes, should be negative in the interim.
On the daily charts, the S&P 500 has good resistance around the 1270-1280 level, and the break-out from that zone should take the index to 1300 level. On the daily charts also, the last pivot low was at 1158. So a break-down below this level, with good volumes, should be negative in the interim.