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SPX Blaster
Trumps new tariffs and increasing existing ones today. The SP500 could drop 150 points Monday.
There could be some buffeting depending on what comes out of the G7 this weekend, but I think your call is more accurate. Correction incoming. I mean, there is a guaranteed gap down coming on Sunday night ET if we hear nothing new. ONE MAN. FUBAR.
Nice call!
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SPX Blaster
Here is an example of my cycle analysis. This is crude oil for the month of September.
Do you use any other indicators to help confirm entry points?
First crude chart - Low#2 should be shifted right one bar (lower close/lower low). High# 3 should be shifted right one bar (slightly lower high but higher close) etc.
Swing highs and lows where a few traders get trapped are often a trap for those looking for important chart reversal points. A closing price especially on a daily/weekly/monthly chart is far more important.
Swing highs and lows where a few traders get trapped are often a trap for those looking for important chart reversal points. A closing price especially on a daily/weekly/monthly chart is far more important.
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SPX Blaster
No. Do short term trading between turn points. Maybe intraday or 2 days. I do put support and resistance lines on my charts usually. This is good to use on trending markets. The reason there are flag and pennant patterns is due to these cycles.
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SPX Blaster
As mentioned in my post, this is not perfectly accurate. Minimal changes to the position of the numbers isn't going to help anything. There is some "artistic license" in doing these.
Ok so they are your cycles. Not the markets.