|
Post by theMist on Nov 5, 2018 18:36:13 GMT -5
Jim's video
A bit more strength today but nothing that causes us to redefine anything on the chart or that changes the outlook we had over the weekend. The good news is we closed a bit higher over our last two broken lines of resistance and that means these lines should now be stronger candidates for support should we test them in the days ahead. Considering the elections on the U.S. tomorrow, and remembering what we saw 2 years ago in a CRAZY futures market that looked to be 'limit down' in the early morning and then rallied hard instead. Who knows what the elections will do to the markets tomorrow evening...
|
|
|
Post by theMist on Nov 6, 2018 9:35:54 GMT -5
S&P Futures Still see a double bottom target around low 2800 won't be without a few small swings of course lol also an ih&S in play
|
|
|
Post by walnut on Nov 6, 2018 12:19:57 GMT -5
Seems like a real recovery. I don't know or have any opinion yet...
|
|
|
Post by lasvegas77 on Nov 6, 2018 14:28:23 GMT -5
It will be interesting to see what happens over night. the mystery will be over.
|
|
|
Post by theMist on Nov 6, 2018 15:00:43 GMT -5
The charts seem to suggest short term bullish -- not so sure if entire year has been forming a major top and its too early to call
The elections are always a wild card.
|
|
|
Post by theMist on Nov 6, 2018 15:08:23 GMT -5
VXX 15 min chartVXX double top does put VXX in low 34s and that would fill the gap up from 10/23 screen shot capture
|
|