6:10pm
Just come back see the last half hour spike in the market. need to consider the count for the market and see if my current view still hold. At least my last post is right, the upward move is impulsive and market has quite some strength…
3:23pm
I remain on the bearish side, but there is on thing I can not explain. the upward move is really impulsive. is this hint the uptrend is not done yet???
3:09pm
The count just now is invalid. Wave 4 should not step into wave 1 in a impulse wave. need to rethink about it…
3:01pm
If you wanna a clearer path, here you go.
2:52pm
1min chart
2:37pm
cheers, bears… the pink line below is a another support before a bigger celebration…
2:35pm
oooops. anyone considering buying house now?
2:04pm
Today’s market is boring. no direction is given… both bears and bulls feel frustrated i guess… even a huge white candle will excite me up…
1:51pm
Transport has a nice break out the range bound today. Another sector I consider long.
This should be a big concern for bears: transport lead dow; dow lead the market……
1:11pm
Commodity and Transport are strong; financials are weak. When such divergence happens before, financials lead the market. now you see SPX still in green because the percentage of financials in the SPX portfolio decreased a lot in the past two years. a chart for your reference. the area counts for percentage
1:00pm
Market at critical junction. traded between 50 and 200ma. sitting on the trendline while below VWAP. could be big move in either direction.
11:58am
The Oil break out, look at the highlighted area. 70 is the limit?
The SPY will be heading lower from here.
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