In wave counts, the general shape of things, and technical measures such as the tight Bollinger Bands on the daily SPX and the volatilities, we have a very good shot at new highs and a midday reversal on Monday, May 11th.
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| Let 'er rip |
And, if you believe in such things, there's a few
Bradley indicators for a turn near May 10th. Was that last week's low? Or is it Monday?
Someday this war's gonna end.
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| SPX 05-09 |
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| SPX 05-09 2Y head & shoulders top |
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| SPX 05-09 1Y with 1074 fall target |
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| VIX 05-09 |
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| UVXY 05-09 |
4 comments:
going to begin putting some built up cash to work at 2050. personally dont' see the market going much below 2000 if it ever does.
otherwise no reason to sell core positions any time soon. hope the may sellers show up this year :). would like to see 2 weeks of selling to add before next lift off.
hope everyone is doing well!
I'm onboard with a lager correction in the fall, only 50/50 with anything significant before that. I will certainly be back here late 2015 early 16, to congratulate you, and to gloat myself.
Also, thanks for turning me on to UVXY. It makes for a great Canary in the coal mine.
Ja, UVXY has a pretty good ability to call b.s on -- or to confirm -- directional moves on the indexes.
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