Category Archives: Market Outlook
Wow, what a day for the bulls! For tomorrow I guess I will just ride the current trend.
We did have gap up but break out failed on fourth hour. Was it a double top that I see? A break down below 1,337 will confirm the pattern. T2108 falling from 87.68 to 80.46 is confirming the contraction in … Continue reading
My call for Feb 10 was perfect! Here is another call for tomorrow: bullish pennant is being formed. Watch for potential breakout!
It has been a week since my last update. In last update I stated that within 10 days a pull back of some kind would occur. Proof to support the potential pull back are shown below.
The bulls did not make a decisive high today. But they didn’t do a bad job holding the SPX to close in green. Tomorrow NPF will be a battle ground for the bulls and bears. Bears’ ultimate weapon (T2108), shown … Continue reading
Bulls have been resilient from bears attacks. If they can make a decisive new high breaking out the multiyear resistant line tomorrow, and Friday NFP report shows some improvement; I will join the bull camp to celebrate their resumption of … Continue reading
Well, I have underestimated the effect of central banks’ liquidity supply to market’s movements. I violated my trading practice by front running the markets. Bad ! Being burnt hard didn’t motivate me to update my blog. Fortunately a planned vacation … Continue reading
Are bulls back to business? Tomorrow will reveal. Markets, however, look overbought. I’m holding trapped short position over night.
Everything happened as planned. The S&P 500 opened with gap up but failed to make a higher high, and finally closed lower than opened. I’m holding short position over night.