For personal reference.
Potential pattern repetition. All points calculated using ratios of daily high and daily low of matched dates in 2008.
Exit points and entry points marked as is, +/- $.50
+/- 2 trading day
1/07/2008 similar to 12/10/2018
1/11/2008 - 1/14/2008 similar to 12/11/2018 - 12/12/2018
12/21 marked as significant bounce point
PT $240
Potential pattern repetition. All points calculated using ratios of daily high and daily low of matched dates in 2008.
Exit points and entry points marked as is, +/- $.50
+/- 2 trading day
1/07/2008 similar to 12/10/2018
1/11/2008 - 1/14/2008 similar to 12/11/2018 - 12/12/2018
12/21 marked as significant bounce point
PT $240
Komentar:
Exit all positions if anything north of 2680 is maintained
Refer to 2.bp.blogspot.com/-W...LcBGAs/s1600/spx.png
Refer to 2.bp.blogspot.com/-W...LcBGAs/s1600/spx.png
Komentar:
One last note to self - if sell off does occur and tomorrow follows through as planned, watch close for Fed news. Ignore all China related news for now.
Komentar:
So far so good... Today should begin the crash-athon.
Komentar:
Expect power-hour and Monday to be crazy if this continues.
Komentar:
If we BLOW through $258.6 in a few days, expect hell for the rest of the month.
Komentar:
Something to think about- if timing remains "on", we should bounce heavily next Wednesday. Dovish Fed potentially?
Komentar:
Or possibly Friday. I don't rely on this for 1-1 day match ups for obvious reasons.
Trading ditutup: target tercapai:
Short-term target reached.
Yes, there is more room for lower.
Yes, wave counts show it can drop as low as 2330/2270.
But I'll be repeating my profits today, and giving myself a nice day out. I would advise you to do the same. There is a chance for a wave 4 (likely simple correction) beginning today, and I would like to enjoy my Christmas without any worries.
Happy holidays everyone!
Yes, there is more room for lower.
Yes, wave counts show it can drop as low as 2330/2270.
But I'll be repeating my profits today, and giving myself a nice day out. I would advise you to do the same. There is a chance for a wave 4 (likely simple correction) beginning today, and I would like to enjoy my Christmas without any worries.
Happy holidays everyone!
If closes under, strong bearish sentiment continues.
Watch power hour closely - if sell off begins, expect ~-2% tomorrow.