Google AI said that 75% of the time since 1950 the stock market rallies in december. Simplertrading Gurus predicted this would be a BUY month all month.
However going back to previous predictions, if you recall after the FOMC FOMO ralley I pointed out that we would have chop, sideways action, regular trading days all along the upper 1/4 of the wave, and once we started going down again trending down days would return. Clearly we trended down from open to close. If you look at a 4 hour chart of the top, or 1 hr you can see that last wednesday appears to be the top of the wave, indications of trying to reah ATH again are greatly reduced
Anything can happen, but be on the lookout for more down trending days, these will give us a chance to sell in the monrings and take huge profits at the close. Let these ideas be a suggestion, make your own decision and take responsibility for your own trades... use stops, if you make a mistake admit it and get out, or reverse.
One down day, by itself does not a trend make. Sine we went down like this from overbought to oversold, tomorrow we could well go up, judge by the size of the move. If we retrace 50% that is average, .38 bearish, and .62 bullish, 100% very bullish.
Today was a .786 retrace of the lows of Monday, bearish.
However going back to previous predictions, if you recall after the FOMC FOMO ralley I pointed out that we would have chop, sideways action, regular trading days all along the upper 1/4 of the wave, and once we started going down again trending down days would return. Clearly we trended down from open to close. If you look at a 4 hour chart of the top, or 1 hr you can see that last wednesday appears to be the top of the wave, indications of trying to reah ATH again are greatly reduced
Anything can happen, but be on the lookout for more down trending days, these will give us a chance to sell in the monrings and take huge profits at the close. Let these ideas be a suggestion, make your own decision and take responsibility for your own trades... use stops, if you make a mistake admit it and get out, or reverse.
One down day, by itself does not a trend make. Sine we went down like this from overbought to oversold, tomorrow we could well go up, judge by the size of the move. If we retrace 50% that is average, .38 bearish, and .62 bullish, 100% very bullish.
Today was a .786 retrace of the lows of Monday, bearish.
Comment:
I just realized why we appear to be going higher, the NQZ23 contract was 200 points lower than the NQH24 contract, it makes it just much easier to go higher, artificial boost, but boost none the les.
Comment:
"They" Paper, The Bilderbergs, The Gambling Casino Owners chose to to up, nobody is surprised, but i did predict it and explain in with elliott waves, pivots, fib extensions in the other Ideas.
Comment:
GO UP, THEY CHOSE TO GO UP
Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ