Trading Environment-Short Term: Current Environment-Neutral/Bearish Hi Everyone, Futures are up marginally this morning and I see a small channel within a larger channel possibly forming. The smaller channel for the /es is 2841 top and 2819 low and whichever way it breaks, will win the short term directional battle here. The larger channel is 2800 low and 2892...
It has been a little more than 3 weeks ago when the bulls were looking at blue skies and rainbows, trying to figure out how high the SPX will go. Warning signs were everywhere and our predictive analytics model was waiting for the "time" piece to turn bearish as the last piece of puzzle for the downside to start. (This time period was predicted by Woody Dorsey in...
MARKET ENVIRONMENT: The interim trend has reversed. An expected minor “suck it up” recovery has occurred. Some bouncing potential is still possible. But today’s break very likely signals the onset of Killing: “This is a very unusual pattern in that the market can move very quickly.” An Interim Trend decline may become persistent. Hourly charts and even shorter...
Not much to go over tonight in writing. I show what is taking place in the video report in the link below. Looks like we are in the calm before the storm ("Kill Zone/Black Hole") You will know when it hits and as all "Black Holes" that have taken place since we started publish sentiment timing 5 years ago-it will take most by surprise. That is why I am leaning...
Woody Dorsey just sent out an essay on some of the patterns he has developed over his 40 years of trading. It is very interesting and will enlighten you on some of the terminology used here. The entire piece is in the link below. What is a Black Hole? A Black Hole is a defined time period when extreme market events may take place in a very short period of...
Morning Notes 05/22/19 Trading Environment-Short Term: Current Environment-Neutral Hi Everyone, Futures are under some selling pressure this morning, but still stuck in "no man's" land. The short term trend is lower, as we have had lower highs and lower lows. The preferred pattern is for higher before lower, but I remain neutral here and will leave my...
I have been 100% neutral on the market after closing 2/3 of my short position from 2942 at 2810. Since going neutral, we got a nice bounce off the lows and have been stuck in a range since. There are reasons to look higher as well as lower. Why guess? You don't have to be in a trade every day! You want to get into trades that have the odds on your side. When you...
The bulls are trying to get our of this cluster zone we have been stuck in. They needed to and as of now, break above the 2861. Now they need to use that as support to keep things heading higher. The bears need to push price back below 2830 to gain short term control. I remain neutral here and whatever plays out is fine with me-but I do prefer higher before...
The bull and bears are battling over short term direction here. We really are in no man's land, which I go over in tonight's free video report. The link is below. The preferred pattern is higher, but I am still holding a 1/3 short position from 2942. If lower, I show downside targets as well as upside targets if higher. Enjoy-G
The bulls stepped in and defended the early gap down and the right shoulder still looks like it is in place. The range for the mid day-bulls need to push above 2855 for a reaction trade up to 2865 and then 2878. The bears need to push below 2830 for a reaction trade down to 2819/2815. Stay open minded here-we could go either way and it would make sense.
Trading Environment-Short Term: Current Environment-Neutral Hi Everyone, I will be tallying the numbers today for the weekly winner of the contest. G- Sent 05/20/19 9:05 A.M to members--Futures are under some selling pressure again this morning after Friday's very weak close. The /ES is approaching the inverted head/shoulders support zone and if that pattern is...
We saw the bulls defend the early selling and now the bears are trying to defend yesterday's highs. Again, we could go either ways and it would make sense. What do you do when there are 50/50 odds for direction? Wait and watch! You don't have to be in a trade every day (unless you are a day trader) There is a reason why casinos give away the house to winners. They...
Morning Notes 05/17/19 Gary Trading Environment-Short Term: Current Environment-Neutral/Bearish Hi Everyone, Here is a kind email we received that I wanted to share: Gary, I just want to say that I have spent the last two years looking for a group out there who I really felt like could help me prepare for my retirement and I am confident it is you...
Hello Everyone, I have updated our free video report which you can view in the link below and this is most likely the last call for the 100 point spx guarantee!! We are approaching the "Kill Zone" time period with a possible "Black Hole" move lower. Don't assume anything from the free information we provide. Premium members know when to expect the Kill...
Patience, anticipation and plan A and Plan B is the safest way to trade this market. Understanding how people THINK is key to positioning your trades accordingly. How does one learn how traders think? Follow Sentiment-Time and Patterns! The 2942 short entry was taken because we saw a series of extreme bullish sentiment readings and the spx was trading within a...
The 1% bullish sentiment reading marked the short term low. The spx has rallied 50+ points but is now approaching heavy resistance. We could see the markets go either way and it would make sense-why we scaled our 2942 short position down to 1/3-covering 2/3's at 2810. I am expecting at some point for the gaps above to get filled. But the question is, what will be...
The bulls defended this mornings early drop and are trying to break above yesterday's highs. If they do, I believe we they will make a run for the Bull/Bear upside zone which is 2860-2870. Resistance is at 2863 and there may be some bears waiting. If they can get through, 2870 should become a magnet. The higher we get, the more and more anxious the bears who...
We have 3 open spy gaps above. If history is our guide, they should get filled before we see the "Kill Zone-Black Hole" crash hit. When I say crash, I am simply referring to a move lower that hits all at once. This is NOT a new bear market call. I am seeing so many services saying we are about to enter the largest bear market ever-or this is the start of the next...