Timing Stock Market Successfully
  • Home
  • Members
  • Testimonials
  • Subscribe
  • Contact
  • Home
  • Members
  • Testimonials
  • Subscribe
  • Contact

Signals & Trading Plan for Wednesday 10/9/19

10/8/2019

0 Comments

 
Market context
Our short-term message to you yesterday was that $SPX $NDX SPY QQQ TQQQ were going to drop down to key support zones first, before they can find enough buyers for the start of a Bounce.

And indeed they dropped.  And today's drop is unlikely to be fully done yet.  More about that below.

Our long-term message to you was this.  Beware of this Volatile Market turning into a major Down Trend. 

We showed you this chart a couple of weeks ago. This is $SPX hourly chart in late December 2015.  Note the candle pattern that formed at the arrow prior to the crash.

Picture

Below is the current $SPX hourly chart. Observe how the candle patterns are quite similar to what $SPX looks like in the above chart from 2015.
Picture

We are likely to see a short-term Bounce.  But what happens after that may not be so great for traders with a bullish bias, as well as the majority of long-term investors. 

The rest of this article covers:
Table of support and resistance levels
Updates from market internals
Planning your trades

Register your email here for full access to all our nightly analysis, trading plans and intraday updates. 
No credit card. 
All free.

0 Comments



Leave a Reply.

    Archives

    March 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019

    Categories

    All

    RSS Feed

Copyright (c) 2019-2021 LOOK Systems LLC
All rights reserved.