What we saw this year is typical. Summer relatively quiet then you get more action in the Fall months. This year was even more pronounced because people took more vacations than usual.
This looks like a blow off top from the last week.
Delta variant -kabul - mass Hospitalizations now Ida---the fed is looking for and area to top this market in the short term---we will have to wait and see the level?
we cant fight the fed--but the fed can not always be right!
Up for now into September. Many charts look positive short term. SPX turn due late in September. Delta didn't generate enough fear so they will have to come up with another plan...
There's all of this as the economy continues to deteriorate with mass losses, but Covid fears are still dominant. Delta variant didn't generate enough fear so they need something more...
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There are certain things I am watching and waiting for on Volatility to produce a setup.
ReplyDeleteNote also on this chart that the MACD is slowly normalizing to 0.
ReplyDeletesc,
ReplyDeleteAre taking a position or just waiting for better entry point
Just waiting, let's keep an eye on it.
DeleteAMC shot up I flipped it today
ReplyDeleteI'm still waiting for that other trade idea. The price is coming down and waiting for lower price to enter.
ReplyDeleteSC, what are you waiting for?
ReplyDeleteCan you give us your S&P chart?
Yes, will post the series of SPX big picture charts. Everyone should be made aware of what is happening.
Deletesc,
ReplyDeletethis running higher with out pulling back -not normal- the meme's are being pumped --afghan problem solved--?????
The Afghan seemed to be a red herring
DeleteDon't fight the fed
ReplyDeleteMarkets will hit 4580
ReplyDeleteSc so it appears the August swoon for the spx did not occur?
ReplyDeleteWe did get the swoon, SPX dropped to the 50 day average again
DeleteDon't worry a doom trade is coming, but let's finish this up cycle first
DeleteWhat we saw this year is typical. Summer relatively quiet then you get more action in the Fall months. This year was even more pronounced because people took more vacations than usual.
ReplyDeleteSC, I am wating for your S&P graph?
ReplyDeleteCrude and RIG are heading higher today. SC, do you think an intermediate term low is in for oil?
ReplyDeleteThanks!
It's still a little early to say. Extremely strong for Oil here. Still expect one more negative cycle Sept or Oct.
DeleteThanks, SC. Have a great weekend!
DeleteJust trading a range. This up and down whipsaw action is going to continue but the swings are going to be larger.
ReplyDeleteSold oil positions, perhaps early, nice gains.
DeleteVery good!!
DeleteGUSH near 200 MA. Markets are still in a positive cycle here. XBI nearing target.
ReplyDeleteSC when do you expect the turn in SPX?
ReplyDeletesc,
ReplyDeleteThis looks like a blow off top from the last week.
Delta variant -kabul - mass Hospitalizations now Ida---the fed is looking for and area to top this market in the short term---we will have to wait and see the level?
we cant fight the fed--but the fed can not always be right!
Please advise?
Up for now into September. Many charts look positive short term. SPX turn due late in September. Delta didn't generate enough fear so they will have to come up with another plan...
ReplyDeleteSuspect I know what the next fear will be, and I have the plan to trade it.
Deletebig spiders?
ReplyDeleteSC,
ReplyDeleteI am guessing the debt ceiling or another travel restriction or my favorite:
Chris rock:
Grand opening---Grand closing
I am open to your see your analysis
Maybe foreclosures?
ReplyDeleteUnemployment benefits?
ReplyDeleteSc,
ReplyDeleteAll of the above???
Goldman Sachs says 750,000 households could be evicted this year unless Congress acts
ReplyDeleteThere's all of this as the economy continues to deteriorate with mass losses, but Covid fears are still dominant. Delta variant didn't generate enough fear so they need something more...
ReplyDeleteNew chart posted!
ReplyDeleteInvesting online has been a main source of income, that's why knowledge plays a very important role in humanity, you don't need to over work yourself for money.All you need is the right information, and you could build your own wealth from the comfort of your home!Binary trading is dependent on timely signals, assets or controlled strategies which when mastered increases chance of winning up to 90%-100% with trading. It’s possible to earn $10,000 to $20,000 trading weekly-monthly, just file a complaint with Mr. Carlos, I had almost given up on everything about binary trading and ever getting my lost funds back, till i met with him, with his help now i have my lost funds back to my bank account and I can now trade successfully with his profitable strategies and software!! Email: investandearnbinaryfx@gmail.com or whatsApp: +1(424)285-0682 or telegram : @IEBINARYFX
ReplyDelete