April Trade Plan (Week 3 update)

I don’t think the selling is over yet but a rebound is due soon. If SPX continues to go down, buy in 15% at 1,360 and 50% at 1,340. If SPX rebounds passing 1,387 decisively then the low is already in; buy in 50% and enjoy the ride up trend.

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April Trade Plan (Week 2 Summary)

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April Trade Plan (Week 2 update)

SPX touched the bottom band of Bollinger bands, a rebound is expected. It could be as high as 1,410 which is a sell opportunity. Probably it is the last chance to lock-in profits. If SPX continues to go down, buy in 15% at 1,387; 35% at 1,366 and all in at 1,340. Any interim rebound before 1,340 is to sell unless rebound is decisive.

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Outlook for Feb 27

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Outlook for Feb 17

Wow, what a day for the bulls! For tomorrow I guess I will just ride the current trend.

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Outlook for Feb 16

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 buying!

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Outlook for Feb 15

My call for Feb 10 was perfect! Here is another call for tomorrow: bullish pennant is being formed. Watch for potential breakout!

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Outlook for Feb 10

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.

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Outlook for Feb 3

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 below, is charging to 85.48 indicating in less than 10 days smart money will start to book profits.

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Outlook for Feb 2

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 strength. If the two conditions are not met, I believe markets will roll over starting next week.

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