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  • #441
  • Mar 24, 2019 1:26pm Mar 24, 2019 1:26pm
Quoting Sixer
The Dow Transport is heading further to the downside. The count of the LTD timeframe has no inversions or a double inversion as shown. Sixer {image}
Hi Sixer

I agree with your interpretation of the Delta rules, however, I am just questioning whether we had a double inversion and if so has LTD (1) come with a bigger timeframe and we get a pullback now into LTD 3 but will not break the LTD (1) before we rally?

Or the alternate view could be we had no double inversions on LTD's and therefore where you have LTD (1) is actually LTD 2 low early (as bigger trend pulled it in) and we are actually going up to LTD 3 high which could come with MTD 2 High. We still drop first into MTD 1, but then we could rally higher.

Stall
  • #442
  • Edited 3:24am Mar 25, 2019 1:47am | Edited 3:24am
The EWMI count of GS since the beginning of this year anwsers all your question(s).

Sixer

Edit:
Have a look at the EWI count of the S&P Future too.
Attached Image(s) (click to enlarge)
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  • #443
  • Apr 2, 2019 1:03am Apr 2, 2019 1:03am
SP facing some resistance (pa + fib 88,6) on weekly chart
Attached Image (click to enlarge)
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persistence and determination alone are omnipotent
  • #444
  • Apr 14, 2019 9:46am Apr 14, 2019 9:46am
Quoting Ll1979
SP facing some resistance (pa + fib 88,6) on weekly chart {image}
2,950 big barrier ahead.
Be humble or be humbled.
  • #445
  • Apr 14, 2019 2:38pm Apr 14, 2019 2:38pm
Quoting sponge
{quote} Deja vu Third attempt to break and hold 2807 3000 next up ? Resistance 2984.72 ha so close
Haven't looked at this market for some time but I still think 3000 is on the cards

revised levels

Res 2984/3100

Target 3288
All charts/ideas based on UK time zone
  • #446
  • Apr 14, 2019 8:30pm Apr 14, 2019 8:30pm
Quoting sponge
{quote} Haven't looked at this market for some time but I still think 3000 is on the cards revised levels Res 2984/3100 Target 3288
SPX 3,100 I think.
Be humble or be humbled.
  • #447
  • Apr 15, 2019 2:18am Apr 15, 2019 2:18am
The Elliott_Trader Update indicates a HIGH.

Sixer
Attached Image(s) (click to enlarge)
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  • #448
  • Apr 17, 2019 2:45am Apr 17, 2019 2:45am
Delta Update for the S&P 500.

Sixer
Attached Image (click to enlarge)
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  • #449
  • Apr 26, 2019 7:02am Apr 26, 2019 7:02am
Quoting Sixer
Delta Update for the S&P 500. Sixer {image}
This is it. After The 10 year bull market we are finally here. Q1 GDP 2.8% will be about the highest estimates out there.
The rest of 2019 we are looking at 1.7% or so. No bank, hedge fund, smart investor etc. will hold stocks when we are near record highs with an expected contraction going forward.
The only extender of this will be companies buying back their own stock.
Be humble or be humbled.
  • #450
  • Apr 28, 2019 6:02am Apr 28, 2019 6:02am
Quoting Temujin
{quote} This is it. After The 10 year bull market we are finally here. Q1 GDP 2.8% will be about the highest estimates out there. The rest of 2019 we are looking at 1.7% or so. No bank, hedge fund, smart investor etc. will hold stocks when we are near record highs with an expected contraction going forward. The only extender of this will be companies buying back their own stock.
Still looks bullish, if we cross 2938 then 2984/89 looks likely

3000???
All charts/ideas based on UK time zone
  • #451
  • May 15, 2019 8:32am May 15, 2019 8:32am
gap down today, possible bearish day for stocks
Attached Image (click to enlarge)
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Don't Worry Be Happy
  • #452
  • May 21, 2019 7:35pm May 21, 2019 7:35pm
Hey All,

We have been here before. The last time we hit a new high (September 21st 2018 2942.00) was followed by a fall of over 6000 points in 3 months. Yes we are getting higher highs from the last 3 peaks, 2876.60 on Jan 29th 2018, Sep 21st 2942 & 2958.2 on May 1st, we also had 2 lower lows. So is it just more volatility? Or is there something more to it than that? Currently price cant go under 2800.00 as it tried it 7 times in the last 2 months. What happens if it breaks?

I have not actually had a trade on this CFD since the one I closed at the end of February. If price makes it down to 2700.00 level, I think that is a good level to buy the dip again. The current 150 point high/low gap just does not give me enough confidence. Upside, I would like to see a break of 3000.00. That would send the SPX flying as that is a psychological level that would imbue major confidence in the SPX500.

We shall see.

-Ric
Attached Image (click to enlarge)
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Be humble or get humbled
  • #453
  • May 22, 2019 6:28pm May 22, 2019 6:28pm
Quoting riclater211
Hey All, We have been here before. The last time we hit a new high (September 21st 2018 2942.00) was followed by a fall of over 6000 points in 3 months. Yes we are getting higher highs from the last 3 peaks, 2876.60 on Jan 29th 2018, Sep 21st 2942 & 2958.2 on May 1st, we also had 2 lower lows. So is it just more volatility? Or is there something more to it than that? Currently price cant go under 2800.00 as it tried it 7 times in the last 2 months. What happens if it breaks? I have not actually had a trade on this CFD since the one I closed at the...
Nothing much today. Price tightens.

- Ric
Attached Image (click to enlarge)
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Be humble or get humbled
  • #454
  • May 23, 2019 5:20pm May 23, 2019 5:20pm
Quoting riclater211
{quote} Nothing much today. Price tightens. - Ric {image}
Down Day. Another bounce off trend line.

- Ric
Attached Image (click to enlarge)
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Be humble or get humbled
  • #455
  • May 25, 2019 4:51pm May 25, 2019 4:51pm
Quoting riclater211
{quote} Down Day. Another bounce off trend line. - Ric {image}
Price closed up but definitely down for the week. Down about 310 for the week and just over 1200 for the months so far. Only good piece of news this month is price refuses to drop below 2800. It tested that level 3 times so far in May but 7 times since late March. I am a big fan of the 3X rule. In my experience it is one of the most reliable chart patterns. If by design or because it is self fulfilling, when price hits the same area 3 times in a relatively short time, we get a change in direction more often than not.

Anyway. have a great weekend.

- Ric
Attached Image (click to enlarge)
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Be humble or get humbled
  • #456
  • May 25, 2019 8:05pm May 25, 2019 8:05pm
IMO the key is $TRAN Dow Transports. Whether or not they hold 10,000 level.

If it holds Dow hits new ATH. If it breaks "Katy bar the door".
  • #457
  • May 26, 2019 1:30am May 26, 2019 1:30am
ST is right - the DJT will indicate the next moves.

Sixer
Attached Image (click to enlarge)
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  • #458
  • May 26, 2019 1:47am May 26, 2019 1:47am
Quoting sponge
{quote} Deja vu Third attempt to break and hold 2807 3000 next up ? Resistance 2984.72 ha so close
Still testing critical level 2807, this could now be the neck on newly formed H&S on the daily, target 2650 area. I'm still bullish and looking for a rise from 2827 initial target 2880 but a break of the neck could change the view with initial downside target 2777/12.
Attached Image (click to enlarge)
Click to Enlarge Name: sp500.PNG Size: 29 KB
All charts/ideas based on UK time zone
  • #459
  • Jun 1, 2019 5:49pm Jun 1, 2019 5:49pm
Quoting sponge
{quote} Still testing critical level 2807, this could now be the neck on newly formed H&S on the daily, target 2650 area. I'm still bullish and looking for a rise from 2827 initial target 2880 but a break of the neck could change the view with initial downside target 2777/12. {image}
Soon overdue for a relief rally, a bounce, a retracement of the downtrend.
As the market completely digests the bad data, Trump Tariffs, rumors of tech cold war etc. we wil see an upward stretch for a week or so soon.
Be humble or be humbled.
  • #460
  • Jun 1, 2019 7:16pm Jun 1, 2019 7:16pm
Quoting Temujin
{quote} Soon overdue for a relief rally, a bounce, a retracement of the downtrend. As the market completely digests the bad data, Trump Tariffs, rumors of tech cold war etc. we wil see an upward stretch for a week or so soon.
Bounce of course, a week or so doubtful IMO.

And if tRump keeps the tWeets flowing so will money continue to flow out of equities.
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