500's would imply Primary wave 3 is already here....I don't see the evidence for this case. The market has support in the 600's.
The 500's will be reached on Primary wave 3.....but that is a long way's off. First an unblievable rally thru summer...
Daneric,
i like your first chart as it is more Dramatic and the market makers want drama. they sold us a bullshitish week last week and now they have to throw that lie in our face and then turn it around. but how could we make your chart work techn…
VIX seems to be having less of an impact on the market lately. if the market traded at 830 steady for one month would the VIX not go to 20? is that bullish?
Transform,
aint it just fun to predict. futures are off 1% right now from Friday's high. maybe my thoughts of 871 high, as my first instinct, are correct. if we dont hold that 10 hr ma on the futures overnight... oooooo... could get interesting in…
well if this is still wave 2 of wave (5) wouldnt it stand to reason it is supposed to fake everyone out...make them doubt what is really going on....second waves often retrace so much of wave 1 that most of the profits gained up to that time are ero…
my goal for my long position is a complete exit at 875 - 880.. .interesting and a re-entry point at 855.... this almost fits your chart pattern.
im a permabear too,,, that's obvious. dont think the government can do jack squat to save us. the probl…