Bullish move to 4065 SPX and then a drop of about 88% of this upswing. Like it has happened previously. Most likely. However, there is a bearish possibility where we fall immediately. I will post that chart in the comments.
Divergences in the momo indicators. I am thinking a deep pullback to 200 Daily SMA, the red MA on the chart. Nicely lines up with SPY in the previous idea. Either all of these indexes will honor the divergences or none will. What do you think?
Added a few momo indicators to AAPL. Shows that more upside is in the offing as the divergences need some time to dissipate. I would caution against getting into Long position at this moment. As a matter of fact, I expect AAPL to turn down and touch the black MA line (10 Day Daily SMA).
No specific date forecast. Remain vigilant of lower lows.
A continuation diamond shows we may get to 3670 or even further down. I think 3670 would be a nice bounce from 100 Daily SMA of ES. Anything lower and we get into important correction category. Not looking forward to that.
Because everyone expects it. Nay, demands it as if the market is obligated. Time to pull the rug. The damage done by COVID has set us back at least a decade. It will reflect in the stock market soon. Warning retail to get out of the market as it will go down nasty. The market moves in waves. We had 10 years of stock market growth. We will likely have a quick and...
Looks like 3770 is the target for tomorrow. This goes hand in hand with NQ idea.
Markets are not melting yet. This is a healthy pullback. Target at just below 12600.
Next target is 100 daily SMA. It looks to be around 3680 or so.
Watch for break or bounce from the orange trendline. 1. 50 daily SMA in play again. 2. ShawnZ on sell. 3. Feb/March is traditionally weak. 4. A $1.9T buffet is being ordered for the market to feast on.
parallel trend lines since 2009. time's up.
Perfect. Will it work? Rarely does. However, we can track for posterity via TV. Let the games begin.
Bear flag can be seen inside the diamond. Both looking at the same target at 1.0 Fib of the length of the previous downswing. However, I would place a stop near 0.618fib due to the bullish bias of the market.