Today I look at the SPY in more detail, explain what I think is about to happen, and even though the market did make new highs today, CNBC should stop sugar coating the bearishness which still prevails. I talk about the longer-term ramifications of this market, and where it’s poised to reverse. I point out my trades of CM and BIDU and how i took them out pretty much flat out even despite the rally and my GS trade which i timed really well to take profits on yesterday. I also look at the Dow Jones and how it reflects chartology so well.
Duration : 0:3:44
1008 i will wait
1008 i will wait
great observation! …
great observation! loving it!
Qs hit the 50% fib …
Qs hit the 50% fib and the downtrend line from the top.
It’s not all about the SPX man!
Awesome video as …
Awesome video as always Idan. I really hope your right about possibly hitting new lows. As you know, I’m substantially behind (nearly 50%) on my short positions, and will need to see probably 800 on the S&P to recover my money. I hope the avalanche starts tomorrow, as it would be nice to have at least a couple weeks of summer not being in the red.