Jun 14, 2019
Short update
In the next three weeks I am on the move so the next weekly update will be on 7-th of July, in July I will post the long term update too.
Only short update... in fact nothing happened this week - slightly higher to finish the first wave up, now we should see some kind of b wave.
Again as I wrote June should be up, after that we should see the indexes turning lower.
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And I see a very powerful trend up. Growth with almost no corrections. And even more so in June, the Fed will lower rates - the sea of liquidity for growth at 3150-3200.
ReplyDeleteJust like 1967 ...
ReplyDeletehttps://bullmarkets.co/market-outlook-like-2007-2016/
Safe travels Krasi.
As I said, we will update historic highs without corrections! If the stock is growing without correction, then it is likely that it will continue to grow further. Therefore, in this case it’s very strange to draw a deep correlation like yours. Another rule is that if the price has reached the strong level for the third time, then there is a high probability that the level will be broken, than a rebound will be. Therefore, you have the strangest and most unlikely variant on the picture.
ReplyDeleteLooks like we posted a hanging man today.
ReplyDelete3150 without corrections!
DeleteDid you get confirmation for this?
DeleteI would say the past two days are further confirmation. With the candle we posted today I expect further downside tomorrow, with a possible retracement off 2,884. I often use Krasi's guidance and then trade the candles and moving averages. We have a cross over on the 4hr MACD that is in play too. Like I said, I would look for the 2,884 region to be tested and see how the market reacts.
DeleteI will also say that bounce off this region begins to set up a nice H&S pattern
Delete