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Any time I have BEARISH thoughts, this chart is pulled up…
I do expect a test of the moving averages, maybe the lower BLUE line…
Bearish thoughts can be detrimental to one’s trading account…
Caldaro chart…
Some EW guys are forecasting SPX 3000?
After observing this chart, I can understand why…
AAPL “Market Barometer”…
VIX up to 12 now isn’t supporting EW chaps. Anyway 3000 is a nice wish but when?
VIX has to be over 20 to be in “bear territory”…A few pops here and there, but not consistently over 20…Options expiration is behind the pop in the VIX this week.
Matthew, I am expecting some sort of ST pullback-will be buy the dip situation…
ES, I don’t know how to decipher the sentiments among my high net worth exporters here that Trump$ and election € will go down together and Yuan will ‘peg’ along $. I am wondering how both will deflate though ECB and FED rates will stay at best. Maybe this will spike gold.
“Bearish thoughts can be detrimental to one’s trading account…”
This has cost me a bunch of $$ recently.
Had some thoughts about $SPX 3000 a while ago too:
https://goldtadise.com/?p=357835
May 2800 has 5% chance if VIX can get real low like 5%?
http://stockcharts.com/public/1269446/tenpp/3
Caldaro is bearish gold
Ops…I just checked…it’s uptrending.
http://stockcharts.com/public/1269446/tenpp/9
Sorry, uptrending B. He’s still on ABC. I think he is on the wrong side.