And it may be by a single point, après quoi, le déluge.
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| S&P 500 hourly, ending-diagonal from the 2553 level |
What's really bothering me is what may be shaping up to happen in the wake of the November elections. I won't talk of it again until the waves leading up to it start falling into place, but I am already very worried for our nation.
15 comments:
What happens after November 6?
The day after the Election is a New Moon (tend to mark highs) ... but it may come at the worst possible time here.
Here ya go CG.
https://twitter.com/WokeCapital
#SkyKing
Q. Did McHugh nail it with his 8/8 phi mate turn last week?
8/7 - 8/9 could be an island top ... no need to fill Friday's gap down ...
glta
VIX is signaling a decent pull back here in the short term. Back to 2700 again? Soooo boring.
I think the Dow needs to make up some ground vs the S&P before a long term top is put in. Also think we would need to see more deterioration in the small cap indices relative to the large ones.
How about 2553 on 27 August?
I'll buy that low if we make it.
nothings changed, bullishness still very strong.
*4.1% gdp
*record 401k values
*record home prices
q2 earnings highlights:
s&p 500 companies:
*aggregate sales increased 10%
*earnings increase by 25% (wow!)
*79% of companies BEAT earnings estimates
*72% of companies BEAT sales estimates
the fundamentals don't lie and that is what stocks trade on. always have and always will
really nothing that would derail the longest bull market (8 days from now) in history from continuing for the foreseeable future
hugh,
buy of a lifetime yet?
plan to btfd in 2 weeks
"buy of a lifetime yet?" You mean UVXY?
Looks good so far.
We still have to punch through the lower support at 2780 SPX for this to confirm the end of the ending-diagonal and Game On.
GLTA!
hugh, no, you weren't a buyer at 8.11 when i asked 2 days ago
sorry hugh meant "yes"
c'mon bears can we get a 3% pull back, my margin finger is getting itchy lol
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