Good chances a rebound at least tomorrow morning especially QQQQ.
Disclaimer
The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.
This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.
thanks
ReplyDeleteRebound everyday? How come this doesn't happen to $USD? I just want to understand that everytime it is 1.5% up, it gets overbought and the next day it is down!
ReplyDeleteNot rebound everyday, I said only intraday (like today for example), I have no idea how the market closes. But if we get a down day again tomorrow, I might be buying a little dip.
ReplyDeleteAs for US$, I belive an uptrend has already started.
Thanks,Cobra.
ReplyDeleteThanks Cobra, I posted a couple charts on stockstop that seem to favor upside tomorrow, the caveat I have is we need a decent amount to avoid a selloff. Analyze.
ReplyDeleteAre we very near another significant down cycle ? Just crossed the MA40 on this longer term view ... thoughts ?
ReplyDeletehttp://stockcharts.com/h-sc/ui?s=$NYSI:$SPX&p=D&yr=1&mn=0&dy=0&id=p57163545921
Any significance to the SPY loosing the 20dma which has held since early march?
ReplyDeleteThanks
Thanks Cobra for explanation. Sorry, I never meant to say that you were putting rebound everyday. With dollar index, I also believe deflation uptrend has started but just after a little bit up it gets overbought and the next day it's down! That never happened to SPX and DOW past few months the same fashion, isn't it? So, was just trying to understand.
ReplyDeleteMA20 is not as important as MA200 which I believe all eyes are on it now.
ReplyDeleteTushar, got you, thanks. I know you just complain that US$ wasn't up smoothly. :-)
And Annoymous, that NYSI:SPX chart is great, thanks. I believe SPX will at least pullback to 878.