Short update of SPX – I still prefer the blue scenario, but we need to see, how it will play out in the next days. Should be make a new low tomorrow, so I would expect the finish of (i), linked with divergence in RSI. In other case the impulse down is just a-wave of alt(iv). (more…)
As a courtesy to your screen, the image below is pint-sized; click it to see it in all its glory (and if you’re a little newer to computers, I should tell you that, once you’ve click this image to produce another one, you need to click on that image so it magnifies to full size……..) (more…)
Well, it is a while I wrote my last post about this crazy and manipulated market. But today’s event can be probably marked as a big V-Day (V for the victory). To be short – /ES dropped over 40 points after release of FED minutes, which appoints a probable end of QE program. (more…)
I’m going to wait until we get a bounce up close to $70, but this Mexico-based ETF is going to get a bad case of Montezuma’s Revenge………
For me, one of the big appeals of down-markets is that they are really, really fast. Most of you know the Nikkei got absolutely slaughtered last night (can you imagine waking up to a Dow that was down over 1000 points? Oh, the glory!)
The chart below captures it nicely; twenty days of bulls mincing, prancing, getting their hair done, and picking out furniture together – – – all laid waste in a single session. God bless our bearish brethren.