Possible paths for equities... bullish longer term

22 Okt 2019

As equities edge ever closer to all time highs, I am leaning more bullish... The manufacturing numbers arriving in November (yellow line) will be very telling of the overall market direction... Positive indicates expansion, negative indicates contraction... I will go long if numbers are positive... Very soon I MAY open a small short position at all time highs with the intention of flipping quickly (that would be a purely technical trade)...

On a related note... I plan on going long oil at or below $50 per barrel...

Thanks for checking out my idea! I encourage you guys to follow me, I am always open to questions/constructive criticism!

23 Okt 2019

Nota

Looks like the ABC correction is coming sonner than expected... Wave A should be equal to the length of wave C which brings us to the green line as a target... Around this area is when I will CONSIDER taking a long https://position...https://www.tradingview.com/x/W4GSB9wr/

23 Okt 2019

Nota

Also oil is breaking up out of a triangle pattern which is typically an ending pattern... I am expecting oil to push back down further... Under $50 I am a buyer...

24 Okt 2019

Nota

disregard last two comments as both turned out to be invalidated... Still on track back to all time highs... Still overall bullish on equities awaiting PMI numbers...