Good day so far for those in the "S" fund.
If it's at the top the pullback will have to move through this resistance..
…still think regression…
2858, 2835, 2798, 2767, 2750, 2731
Still, now that everyone is thinking pullback...don't be surprised if the big boys take her higher..
FS
FogSailing
Try to learn something about everything and everything about something.
Good day so far for those in the "S" fund.
May the force be with us.
Until that sell off at the end of the day that cut the gain in half.
How I hate those end of day sell offs.
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%
So far, the Fibs are exactly correct. If resistance at 2836 holds, i think the market bounces to 3000. If not, next stop is 2800 or 2798. Lots of resistance there as well.
Let's see what transpires next week.
For what it's worth, increased costs of steel and aluminum products because of the tariffs have arrived. Many cities complaining about it on their larger purchases. Stand by for more job losses in SC, AL, and IA in the not too distant future. Expect to see spikes in all products using steel and aluminum.
FS
FogSailing
Try to learn something about everything and everything about something.
I'm guessing we're headed to 2819 today based on yesterdays pay back for the big boys. Volume was nill. Some days you just realize the big boys win because they own everything.
FS
FogSailing
Try to learn something about everything and everything about something.
As we head into a new week...here's a thought I found worth consideration..
China is just about to finish its bear market and US is just about to finish its bull market?
Here's a picture of the long term graph for RUT..
Best of luck Out There..
joe-friday-small-caps-attempting-20-year-breakout-aug-17.jpg
FS
FogSailing
Try to learn something about everything and everything about something.
I have no idea where things go this week. All the bulls are saying more more more...
With so much enthusiasm, it had has me questioning whether that is true...
Good luck. i went to sidelines last week awaiting a new entry point.
FS
FogSailing
Try to learn something about everything and everything about something.
I'm still sitting almost completely out...missed the pullback..
My guess is two more days of recovery and more pullback.
Here's the fibs i see as we head into a downward trend for the next 4-6 months..
2689.75
2595
2450
And while on the extreme outskirts of possibility 2100 if if falls below 2450.
So much for my Xmas Cheer this year..
FS
FogSailing
Try to learn something about everything and everything about something.
We might not even get that. I know it is only a little bit since markets closed but, with that strong finish, I expected some carry over into futures trading...but they are pretty flat. IMO, One bit of bad news this weekend and we get to hear a toilet bowl on Monday.
Futures are down on the DOW mini right now, but only 25 points. I'm still watching. FS, I don't use Fibonacci but I would like to do that.
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Expecting a drop to 2689-2650 if the SPX goes under 2700 today. I actually don't expect that as of this moment. If it holds above 2700, expect a bounce to 2758 followed by a decline to the Fibs. I wish our LATENCY LADEN TSP System was more responsive to our IFTs but that a subject for another day. Good Luck Out There!
FS
FogSailing
Try to learn something about everything and everything about something.
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