You are here: Home1 / Exclusive Strategies
Todays report is more like a progress report. By now, we all should know what we have been looking for, let's take a look and see if, One By One, we have made some progress. Spoiler alert: We have 🙂 .
SPX - We have day 34 as the low at this point,. In the morning we saw a gap down and buying brought it back above the 200smaand even above the 10sma. This was a swing low on day 2.
Read MoreI'm going to start this report with a quick view of the Markets in general, and then I have PART 2 of "What am I watching for during this correction".
SPX - Our daily cycle count is either day 35 and one more drop to come, or the low is in place and Tuesday was day 1. Another drop would be expected, it can give us the normal 'shake out' at the 200sma and shake off the early buy the dips people again. 2638.30 is the upside number to put a swing in place, but let me show you a few other charts backing up the thought that we are at least near the lows ...
Read MoreThis is going to be a relatively short report, with some market coverage and some charts of individual stocks too. The reason is that honestly, our expectations from the very long weekend report and last week have not changed with Mondays action. Let's take a look...
SPX - We now have a day 34 Low. Our cycle count for this daily cycle is maturing, we will be looking for the next DCL or an ICL to arrive soon. The Feeb Lows were not taken out at this point. Reminder: If we are to drop into an ICL, that drop can cascade sharply, so I have been admonishing the readers here that we wait patiently wait with Cash for a DCL. A recovery here could become a 'shake out" in the 200sma.
Read More
Scroll to top
