Comments on: SPX & NDX Scenarios

By: Dean Drummond

Dean Drummond — Thu, 07 Jun 2018 18:04:46 +0000

In reply to Dean Drummond. That depends if they stick or the breakouts fail soon, especially in light of today's bearish price action so far. Not know which particular stocks you are referring to, you'll probably have a better idea after the FOMC meeting is behind us next week.

By: Dean Drummond

Dean Drummond — Wed, 06 Jun 2018 20:14:16 +0000

When numerous ascending wedges break to the upside, as they’ve been doing recently, that must be interpreted as extremely bullish, no? And the top of the wedge becomes support.

By: BIGBADWOLF

BIGBADWOLF — Wed, 06 Jun 2018 18:42:38 +0000

SPY and QQQ are trying to break out the wedge… Wth?
https://www.tradingview.com/x/mPt1Hn63/

By: susantrade3

susantrade3 — Wed, 06 Jun 2018 18:22:55 +0000

THE BIG TRADE: looking for 100-125 pt drop into mid June, then rally, then another decline into July. There is a 14 day cycle driving this. For a video on the cycles coming up on the S&P start the video at 54.36 min.
https://askslim.com This is Ask Slim’s free weekly video. Enjoy

By: Dean Drummond

Dean Drummond — Wed, 06 Jun 2018 17:19:48 +0000

In reply to BIGBADWOLF. Good point. Definitely something to watch for. Big divergence on the AAPL 60-minute chart as well.

By: BIGBADWOLF

BIGBADWOLF — Wed, 06 Jun 2018 16:50:50 +0000

The drop should really get going once AAPL falls below 191.43, its island top.