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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (89018)	1/8/2017 2:01:04 AM
From: flrtrader	Read Replies (2) \| Respond to of 220518

I agree that the Dollar is at a very important crossroads, and it is at a point of either turn up or change in trend. But what I think there is a very good chance of is an a/b/c type of move now being the bottom of B... A simple calculation will give us an upward target... Right now I think it is time to watch though volume suggest something other than an a/b/c correction. I am also very bearish on Crude, when this current support breaks. Far to much production going on for this to sustain.the rig count shows this. the whole rally from 48ish was/is based on the promise of cutbacks... soon the cheating will be in the headlines. IMO SPX looking for a 5-8% decline going into the first week of Feb... starting anytime, I am flat trying to eliminate the time decay of the weekly options but will take this position when the last few indicators I watch start to turn. Simply sharing my thoughts, may be 180 off but I do believe so. On a side note I HATE trading during earnings reports!! Keith