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

Updates for Thursday 11/5/20

11/4/2020

0 Comments

 
Click here for our Signal Trades.   
Below is a time-delayed excerpt from our live updates for members.

Updates 1:03 PM EST - Thursday 11/5/20

FOMC 
FOMC announcement is at 2 PM EST today.   Though we don't expect any major announcement from the Fed, we should allow for profit taking activity immediately after the announcement.   

$SPX $NDX IWM surged up this morning to form today's thrusts (see below).    Now $SPX $NDX are in the process of snapping back to support at their 50 EMA lines (5-minute chart).   

Expect FOMC announcement to make them to drop towards their 200 EMA lines (5-minute chart).    That would be a low-risk setup to add to your long positions based on  $SPX $NDX.   

Additionally, $SPX $NDX IWM are expected to form the last thrust of the current up swing by tomorrow Friday.   So the end target is likely to be the highs of 10/12, not 9/2.   

After that we may see a short-term down swing before the next up swing.

Updates 9:12 AM EST - Thursday 11/5/20

Summary
Short Term:   Bullish for $SPX $NDX IWM.   They should reach 9/2 high later next week.

Pre-market
$SPX $NDX IWM are gapping up big again.  For today, the indices are forming these thrust counts.​
  • $SPX:  Thrust4 (out of 5)
  • $NDX:  Thrust3 (out of 5)
  • IWM:  Thrust4 (out of 5)

Pre-market price actions currently tell us that $SPX $NDX IWM may tag yesterday's closing price before rising to form today's thrust.   

Earlier we had entered TQQQ Position2  in 
Signal Trades pre-market.  We may add a TQQQ Position3 when price pulls back to tag yesterday's closing price. 

Updates 2:14 AM EST - Thursday 11/5/20

Summary
Short Term:   Bullish for $SPX $NDX IWM.   They should reach 9/2 high later next week.

Big Picture:   Bullish at least until after $VIX $VXN finish consolidating. 
 
... 
SUBSCRIBE now to read the rest of this post, including current analysis and projections for $SPX $NDX IWM.  Get complete access to our intraday live Signal Trades.   Take advantage of our introductory low rate of just $39/month.  You can cancel anytime.

Click here for our Signal Trades. ​​​

0 Comments



Leave a Reply.

    Archives

    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.