TRENDING
10:20am EDT: Last week’s channel remains intact and as suspected this little kabuki dance we just witnessed was nothing but a little gratuitous bear trap:
Good chance we’ll see 930 today.
10:37am EDT: Geronimo just scalped its 7th successful trade in succession 🙂
1:00pm EDT: Very tempting to go short here but I’m going to hold out for 930 – let me show you why:
The orange fib is the percentage of wave {v} in comparison with {1}. So, we busted slightly through 61.8 but if you are a Zero sub you can see that we are slightly below the zero mark right now – but no major negative reading either. Breadth on the SPX [...]
No worries – telegrams don’t always mean bad news. It’s just that I haven’t seen the inside of a gym for days now and still have a bunch of chores to take care of this evening. So, I’ll be lightning fast and will probably continue my abbreviated Sunday posts through the (boring) summer – hey I need some time off too, you damn leeches!! 😉
But before I dive in I would like to thank Fujisan for her amazing Saturday post – if you were missing in action this weekend, make sure you go back and read it – great stuff and even better – her medium term outlook matches one of my wave counts (i.e. Soylent Orange described [...]
Fujisan here.
I posted this chart a couple of months ago and posted again this week in one of my comments, and I was getting a very good feedback, so I decided to post this chart once again.
SPY OPX Time Cycle
When I was doing SPY’s time and price analysis, I found out that SPY was going through a very distinctive bull/bear time cycle in relation to OPX (options Expiration Date) as follows:
Consolidation Phase:
1. Monday after OPX, SPY makes an intermediate low, and 2. it turns around on the following day and start going higher (bull cycle). 3. Monday 2 weeks before the following OPX, SPY makes an intermediate high, and 4. it turns [...]
Status Quo Bias
