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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: The Ox who wrote (19646)12/29/2017 12:28:08 PM
From: The Ox1 Recommendation

Recommended By
mary-ally-smith

  Respond to of 33421
 
Chip's chart (up 60% since the 2016 low):




To: The Ox who wrote (19646)2/5/2018 4:27:21 PM
From: The Ox1 Recommendation

Recommended By
mary-ally-smith

  Read Replies (1) | Respond to of 33421
 
Message 31048863




To: The Ox who wrote (19646)2/22/2018 11:57:31 AM
From: The Ox1 Recommendation

Recommended By
Don Green

  Read Replies (1) | Respond to of 33421
 
VIX remains very high as seen in this VXX chart. Looks too elevated and appears likely to be plenty of fuel for the markets to go higher, IMO... Implications are that many have turned very bearish in a short period of time.

Obviously, until a new breakout is made above the old high(s) in SPY, QQQ, etc... cautious approach to the market is wise. 2745 is the 61.8% fibo area from the recent fall in /ES, so we are still in the middle of the muck, so to speak.

While we are in "no man's land", it's important to look at all sides bull/bear/neutral. Plenty of overhead resistance in the 2nd chart.





Interesting to see where both DJI and SPX are within these longer term pitchforks originally posted nearly a year ago by Chip M:

Message 31207354





To: The Ox who wrote (19646)4/13/2018 9:14:54 PM
From: Chip McVickar  Read Replies (2) | Respond to of 33421
 
The Ox -

Updated that weekly chart on the INDu

Will do the SPX next...

My Best
Chip



To: The Ox who wrote (19646)4/13/2018 9:42:38 PM
From: Chip McVickar2 Recommendations

Recommended By
John Pitera
The Ox

  Read Replies (1) | Respond to of 33421
 
Okay Ox - the weekly SPX is now updated

An internal trend line has held now for 10 weeks or so...

Fun to look at...
But just for fun - not for serious trading.

My Best,
Chip



To: The Ox who wrote (19646)12/20/2018 5:11:21 AM
From: John Pitera1 Recommendation

Recommended By
Fintas

  Read Replies (2) | Respond to of 33421
 
Pay special attention to the 1 x 1 line on the SPX chart as the break down of it is usurping a pronounced
period of bearish price action.

you humble scribe

John Jacob



To: The Ox who wrote (19646)12/20/2018 10:19:39 AM
From: Fintas1 Recommendation

Recommended By
toccodolce

  Respond to of 33421
 
DOW/SPX are heading lower. Expect it and implement strategies accordingly and one will not find themselves being surprised or re active. THAT retrace of the 972 VB is significant as it turns a major value box DOWN. IMO FINTAS

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29160 29160
28188 28188
27216 27216
26244 X26244
25272 1O25272
24300 BO24300
23328 AC23328
22356 922356
21384 621384
20412 220412
19440 C19440
18468 718468
17496 B17496
16524 C16524
15552 715552
14580 314580
13608 913608
12636 412636
11664 O111664
10692 9110692
9720 A99720
8748 OX8748
7776 BX7776
6804 36804
5832 5832
4860 4860
3888 3888
0810