Weekly RSI needs to touch base for th S&P

16 Dis 2018

my guess would be a touch on the 200 weekly MA, to make the B wave minor rally back to current levels, which by then will be a touch on the 50w MA, then a drop to oversold for an 2008-style crash before the next proper uptrend on the S&P

18 Dis 2018

Nota

closed my short and took profit on the SP. technicals are looking mildly bullish to me now - i will wait to see what happens on Wednesday's announcements. There could be a late Santa-rally, but if the Interest rates are hiked up again, I will be ready to see how the S&P responds

26 Dis 2018

Nota

so the fed res decision plus Trump doing his thing got the s&p to hit the weekly 200 ma pretty swiftly (and beyond)... close to oversold on the weekly now.. might be a little bounce but wouldn't count on it given trump's way of doing things. We are def due an uptick for the b wave, but how much Im not sure. I think i will wait for it before going short again to the 2000 or so mark.

17 Feb 2019

Nota

So, the s &p is pretty much completing the b-wave i think - RSI on the weekly is at the bear-resistance level of 55% - and its meeting the RSI downtrend line cleanly right now. I spotted a possible ranging channel on the DOW which i have added to the S&P, which makes a bit more sense of the extreme levels of movement if you buy into the idea... hope its helpful.

17 Feb 2019

Nota

although if you agree with the range idea, that would mean a reversal at the end of the C wave, and a potential break out on the subsequent upward range..