It is still in an uptrend. Notice the a-b-c correction in Aug, then the 1, 2, 3, 4 waves up. We "could" be in the 5th that will take out close of 1070. The oscillators could be starting up to support this. That would be a perfect 5 EWs off the Aug. low! Wouldn't that be something?
The daily ES Z9 Renko does not look like a buy to me, it just signaled a sell today. I cannot transmit the chart but it just indicated a sell with BWT indicator sell at 1055.45. Guess we'll see. Steve
ten year bull market has begun. http://finance.yahoo.com/tech-ticker/article/346886/10-Year-Bull-Market-Has-Begun-Dow-Will-%22Double-For-Sure%22-Hennessy-Says?tickers=dia,%5Edji,spy,%5Egspc,qqqq&sec=topStories&pos=9&asset=&ccode=
Anonymous, All it will take is a bad employment report tomorrow with a 10%+ read, a shake up in asian market that have been more than 100% up since their lows following today's US shake up, and you cna sprinkle in a little uncertainty following the resignation of Ken Lewis at BOA to bring people back to what they experienced at the end of last year, psychology will do the rest and $COMP will break below 2000, S&P will be below 1000 etc... then down we go... The billion dollar question is where do we stop?? AR.
8 comments:
Luv those renkos! Here is daily.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p59388071002&a=171819650
It is still in an uptrend. Notice the a-b-c correction in Aug, then the 1, 2, 3, 4 waves up. We "could" be in the 5th that will take out close of 1070. The oscillators could be starting up to support this. That would be a perfect 5 EWs off the Aug. low! Wouldn't that be something?
- cramar
Stockcharts $NDX daily and $SPX weekly renko remain buys.
Allan,
On the candlestick daily SPX chart, I see the ATR Trailing Stop as the solid black line plotted onto the price region.
What is the dotted blue line that appears in the same price region as the ATR Trailing Stop indicator?
Thanks in advance for the help!
The daily ES Z9 Renko does not look like a buy to me, it just signaled a sell today. I cannot transmit the chart but it just indicated a sell with BWT indicator sell at 1055.45. Guess we'll see. Steve
I would be a very nervous short tonight. Flat and happy. GL all.
ten year bull market has begun.
http://finance.yahoo.com/tech-ticker/article/346886/10-Year-Bull-Market-Has-Begun-Dow-Will-%22Double-For-Sure%22-Hennessy-Says?tickers=dia,%5Edji,spy,%5Egspc,qqqq&sec=topStories&pos=9&asset=&ccode=
Laawaaris:
What is the dotted blue line that appears in the same price region as the ATR Trailing Stop indicator?
It's a moving average.
Anonymous,
All it will take is a bad employment report tomorrow with a 10%+ read, a shake up in asian market that have been more than 100% up since their lows following today's US shake up, and you cna sprinkle in a little uncertainty following the resignation of Ken Lewis at BOA to bring people back to what they experienced at the end of last year, psychology will do the rest and $COMP will break below 2000, S&P will be below 1000 etc... then down we go...
The billion dollar question is where do we stop??
AR.
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