Nice rebound so far into my original bullish August 13-16 Spiral Window - Also Bullish Sun Trine Jupiter Ahead into Labor Day
Nice rally out of the 20 week lows so far. Not my SPX 1380, but a rally none-the-less. Jupiter should keep things afloat into September.
Selling all Gold. Buying Equities.
Assembling the turn dates we may get something like an inverted H&S as the low.
Watching September 6 and 16 as key bullish dates for rebound high....October 27 is interesting as a key bearish date...November looks bullish.
Add them all up, we get a trading range? (completing the 9 year low.)
Selling all Gold. Buying Equities.
Assembling the turn dates we may get something like an inverted H&S as the low.
Watching September 6 and 16 as key bullish dates for rebound high....October 27 is interesting as a key bearish date...November looks bullish.
Add them all up, we get a trading range? (completing the 9 year low.)
posted by chartblog at
3:08 PM
4 Comments:
Hi Dave,
Nice chart along with interesting Hurst, spiral, and astro observations.
Rebound definitely encouraging along with supporting data from volatility indices returning inside BB, short term moving average put/call ratio reversals, and general skepticism regarding the rebound.
Large range days/high volatility, extremely low trin, and high tick readings seem to confirm a high degree of short covering similar to the July rallies of the "bear market type".
Downtrending trading range certainly seems to be appropriate pending arrival of other panicky astro or event.
Dave,
Are there particular sectors or indices that you prefer for this rebound?
Hello Dave,
Thank you for helping us small guys.Great and helpfull analyais.
When you say key bullish date or key bearish date, are these dates start or end of bullis or bearish move?
Eddie
http://carlfutia.blogspot.com/
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