The two possible patterns - the outcome will be the same. Another interesting point is the cycle highs like echo - two highs December-February two months apart and 7 months later the same. Short said the market will turn lower into 40w cycle low November/December.
From a timing perspective the question is will markets keep grinding higher until FOMC and then reverse, or before that event…
ReplyDeleteNot impossible pattern like this - https://invst.ly/1c8heu
DeleteIn fact Europe will look better if we see push higher first like this - https://invst.ly/1c8hfk
And the USD will make final low
DeleteWhat about the Russell?
ReplyDeleteI see this - https://invst.ly/1c8rgb
DeleteThanks
ReplyDeleteDon't you see Bear 🐻 flag on dxy?
ReplyDeleteKrasi, it's 6550 on SPX now. what are we expecting soon? its still going up like there is no tomorrow.
ReplyDeleteES ripped higher another 100 points instead. Any comments here on the short to medium term outlook?
ReplyDeleteRead the second comment - before the week even started it was discussed that one more up before the fed meeting looks better.
Deleteso is the upward moved completed bef fed meeting expecting another ath?
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