There did that help?
So let me contrary this for you guys. Spidey says this is an exhaustion move (bull trap). Looking at the tracker moves today almost an 85% buy in. The mad dash to get in. I don't trust it. Everyone is going for a piece of the pie and the pie is gone. How's that?
Contrary enought for you. Ok I go get cake. Figuring this market out is a piece of cake.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
There did that help?
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Fridays aren't typically active. I didn't know that. Good observation, Bquat. I learned something today.
As for this being a Bull Trap, I think you could be right. The question is how long until it's sprung? It could be a couple of days or it could be right after toaday's Noon cut-off.
Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
Past Returns: 2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%
I was just looking at the 24th of Jan. Too fast to the top of the channel it dropped back to the bottom. The last time everyone was buying in, I didn't follow and missed the gain. So this was a contrary post. I still not buying in yet because this was a big move and I already may have missed most of it. For me I just don't feel right but I've been known to be wrong most of last year. So I'm taking the odds. I really would like a correction before getting in. I hope it shows it's colors befor the deadline but what are the odds of that happening.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
The bears are being pummeled into submission - Monday could show another triple digit gain. The SPX dividend yield is higher than the 10-year Treasury yield - something that, aside from the period of the credit crisis, hasn't happened since befor 1960. This is low hanging fruit for the yield seeker coming out of bonds.
Here comes SPX 1515 - don't forget that you will be perennially late if you wait to invest until it feels easy or comfortable to do so.
Speaking of triple digit gains.. The day after the NFL conference games were played, the stocks went up more than 100 pts. The day after the Super Bowl we'll have a big positive day in the markets. I'm predicting this, just as most stock analysts are, and like the Jet's Joe Namath. He predicted that his team would win, what was it, back in 1969, and they did. They had to put Johnny Unitas on the sideline, but the Jets won. I'm predicting that team JimmyJoe will win because we're putting the bears on the sidelines, ...and the bulls are running.
Bquat...just thinking about the next leg. If it goes up I think we are going to hit resistance at 1526. You chart a lot better than I can. What do you think the target downside would be off of a 1526 bounce?
If it goes down then you have your trap confirmation.
I got 1523 and a drop to 1476.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Couple of fib off todays high.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I'm still expecting a pullback, but everybody and my brother are bullish. So I am the contrary indicator calling for 1484 ish or my 20 Day. Maybe just my 13 day would be nice. Haven't touched the 20 day in over a month. The wall of worry is continuing up without me. Last year the same thing but I got into it and caught a couple of the dips going down. Maybe I'm too causious and need to enter but I didn't trust this last pop to the upside. Thinking, thinking, maybe thinking wrong? Here's a clean chart: The last time I used the bottom and paralled the top which may have been wrong. This time I used the top and paralled the bottom for the channel. You likey likey, you no likey comment.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Could your chart be forming the head of a head-n-shoulders pattern?
If so then a 1% drop to around 1500 is coming to reach the neckline.
The right shoulder would then be back up to around 1508 before the next drop to neckline at 1500 or below to your suggested target of 1485ish.
Thoughts?
Disclaimer: I have absolutely no idea what I am doing.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks